Global Biocides Market Size to surpass $13bn by 2024

Biocides Market size is set to surpass USD 13 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

Growing necessity of water treatment owing to rising wastewater generation and water consumption by the domestic and industrial sector should boost biocides market growth. These substances are preferable over conventional water purification methods such as vacuum evaporation, bioreactors, UV disinfection and electrodialysis owing to their high resistance to impurities and excellent antimicrobial activity. Growing health concerns regarding pathogens in drinking water, increasing importance of water reuse and recycling should further stimulate market growth.


 

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Halogen compound segment exceeded USD 2.4 billion in 2017 owing to rising demand from drinking water disinfection and cooling water systems. These substances offer various benefits such as low volatility & product loss, improved toxicity profile, and resistance to microbial fouling. rising environmental awareness and increasing demand from paints & coatings, food & beverages and oil & gas industries are likely to drive industry growth. Growing product adoption in swimming pools, municipal sewage treatment, and cosmetics industry should boost market growth.
 

U.S. Biocides Market Size, By Product, 2017 & 2024, (USD Million)
Biocides Market

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U.S. nitrogen biocides market demand is estimated to register over 5% gains by 2024 pertaining to booming pharmaceutical, healthcare and food processing industries. They are highly effective against fungi and bacteria which makes them ideal for food additives, thereby reducing the threat of microbial contamination. Changing consumer lifestyles and growing demand for fresh food products should fuel market growth.
 

UK market size from wood preservation application surpassed USD 33.5 million in 2017 pertaining to rising investment, technological advancement in manufacturing operations and growing trade in furniture industry. These substances prevent timber deterioration by insects, marine boring animals and fungi, along with improving wood durability. Growing usage of sustainable raw materials for furniture production, booming tourism and construction industries are likely to further promote market growth.
 

Browse key industry insights spread across 185 pages with 114 market data tables & 36 figures & charts from the report, “Biocides Market Size By Application (Food & Beverage, Water Treatment, Wood Preservation, Paints & Coatings, Personal Care, Boilers, HVAC, Fuels, Oil & Gas), By Product (Metallic Compounds, Halogen Compounds, Organic Acids, Organosulfur, Nitrogen, Phenolic), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Denmark, China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Brazil, Saudi Arabia, South Africa, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/biocides-market
 

China biocides industry size from fuels application is estimated to surpass USD 80 million up to 2024 pertaining to growing adoption of natural gas to reduce emissions, booming chemical and manufacturing sectors. These substances are vital for preventing microbial fouling of hydrocarbon fuels for road & off-road automobiles, rail locomotives, ships, aircraft and heating & power generation equipment. They play an essential role in improving operational efficiency and protect equipment by preventing microbial corrosion. Rising development of natural gas infrastructure such as distribution networks, pipelines and terminals should drive domestic industry growth.
 

Global boilers applications demand should register over 5% gains in the predicted period owing to rising demand for specialty chemicals and substantial investment for development of chemical facilities. These products help restrain algal growth in water, thus preventing color development and offer high compatibility with flocculating & alkalizing agents. Rising demand for renewable energy owing to environmental concerns and high fossil fuel costs should increase the requirement for biomass boilers, thereby accelerating market growth.
 

Troy Corporation, Dow Chemicals, Arch Chemicals, Thor Specialties, BASF and LANXESS are among the leading manufacturers in the biocides market. Several market participants are developing new products with improved features to attract new customers and strategic acquisitions to widen product portfolio.
 

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The biocides research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

By Product

  • Metallic Compounds
  • Halogen Compounds
  • Organic Acids
  • Nitrogen
  • Organosulfurs
  • Phenolic
  • Others

By Application

  • Food & Beverage
  • Wood Preservation
  • Personal Care
  • HVAC
  • Water Treatment
  • Paints & Coatings
  • Fuels
  • Oil & Gas
  • Boilers
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Denmark
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Malaysia
  • Central & South America (CSA)
    • Brazil
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE

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