Description
Global
Biocides market size is likely to be valued at USD 11.9 billion by 2022; as per
a new research report by Radiant Insights, Inc. Growth in water treatment
process units particularly in China, Japan and India is likely to drive demand.
Increasing health concerns arising from pathogens and bacterial growth is
likely to favor market growth. Increase in paints & coatings demand owing
to growing infrastructure spending is anticipated to drive growth. Stringent
compliance regulations from EPA and REACH regarding product composition and its
use may challenge market participants
Halogen
compounds dominated the product segment with revenue generation estimated close
to USD 2.2 billion in 2014. They are anticipated to witness sluggish growth
rates owing to halogen emission restriction by regulatory bodies. Phenolic
biocides are likely to witness highest gains with an estimated CAGR of 7.0%
from 2015 to 2022
The report “Biocides Market Analysis, Size,
Share, Industry Report 2022” is available now to Radiant Insights customers and
can also be purchased directly at
Key report insights suggest:
• Global biocides market size was
valued at USD 7.99 billion in 2014 and may be worth USD 11.9 billion by 2022
growing with an estimated CAGR of 5.2% from 2015 to 2022.
• Water treatment dominated the
application segment and accounted for 23.2% of the total revenue in 2014 and is
likely to witness highest gains. Factors such as treatment of scaling,
microbial activity, disposal and corrosion are likely to support demand. Oil
& gas applications are anticipated to witness significant growth rates of
5.8% from 2015 to 2022.
• North America biocides market
accounted for over 40% of the global revenue in 2014. Presence of water
treatment plants and increasing consumer awareness towards health is likely to
drive regional demand.
• U.S. accounted for approximately
80% of North America demand in 2014. Mexico is anticipated to witness highest
gains in the region with an estimated CAGR of 5.7% from 2015 to 2022.
• Asia Pacific is expected to witness
highest gains, at an estimated CAGR of 6.4% from 2015 to 2022.
• Global biocide market share is
moderately consolidated with top four companies covering 58% of the demand.
Key
companies include Arch Chemicals, Troy, Ashland, Thor Specialities and Dow.
Other prominent companies include Albemarle, AkzoNobel and BASF.
For
the purpose of this report, Radiant Insights has segmented the biocides market
on the basis of product, application and region:
Global Biocides Product Overview (Revenue,
USD Million, 2012 – 2022)
• Halogen Compounds
• Metallic Compounds
• Organosulfurs
• Organic Acids
• Phenolic
• Nitrogen
• Others
Global Biocides Product Overview (Revenue,
USD Million, 2012 – 2022)
• Water Treatment
• Food & Beverage
• Personal Care
• Paints & Coatings
• HVAC
• Boilers
• Oil & Gas
• Fuels
• Others
View Full Report at- https://www.radiantinsights.com/press-release/global-biocides-market
Global Biocides Product Overview (Revenue,
USD Million, 2012 – 2022)
• North America
- U.S.
- Canada
- Mexico
• Europe
- Germany
- Italy
• Asia Pacific
- China
- Japan
• Latin America
- Brazil
• Middle East & Africa
About Us
Radiant
Insights is a market research and consulting company offering syndicated
research studies, customized reports, and consulting services. Our market
research studies are designed to facilitate strategic decision-making, based on
extensive and in-depth quantitative information, supported by extensive
analysis and industry insights. Using a patented and robust research
methodology, we publish exhaustive research reports covering a host of
industries such as Technology, Chemicals, Materials, and Energy. Radiant
Insights has a strong base of analysts, consultants and domain experts, with
global experience helping us deliver excellence in all research projects we
undertake
Contact Us
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Radiant
Insights, Inc
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