Biocides Market Growth Trends, Cost Structure, Driving Factors and Future Prospects 2023

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Biocides Market Research Report - Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Biocides Market Research Report- Forecast to 2023
Biocides Market - Overview
Market Potential and Pitfalls The increased use
of Biocides and its products in several
industrial sectors for disinfectant purposes is
triggering the demand for Biocides across the
globe. The surging demand for clean water for
industrial and domestic purposes, and increased
use of Biocidal products as disinfectants and
anti-fouling agents has created immense
opportunities for the market to expand across the
globe. The application of biocides in FB sector
for disinfecting equipment, pipes, and surfaces
which are in close contact with the packaging and
manufacturing processes have contributed to the
market growth. With the rising focus on hygiene
and clean water and strict government mandates,
the Biocides Market is likely to gain impetus.
Industrial preservation accounts for huge chunk
of Biocides. The augmenting emphasis on improving
the sanitation in workplaces and production
processes along with the improving economic
conditions are some of the other major factors
highly influencing the market throughout the
appraisal period. Moreover, rebound in
constructional activities, especially in APAC and
the North American regions have supported the
market growth. Biocides are extensively used for
water treatment in swimming pool and spas. The
outbreak of several water-borne diseases which
require water treatment are encouraging the
market growth. Moreover, the riding need for
portable water in industrial and domestic
purposes is likely to trigger its demand in the
coming years. Biocides are also witnessing a
surging demand from the energy sector which
further complements the use of hydraulic
fracturing technique in this sector. They are
also used as well stimulation fluids in hydraulic
fracturing in order to prevent production and
corrosion issues. Such factors are highly
influencing the market growth across the
globe. On the contrary, biocidal active products
are highly toxic in nature and long-term exposure
to such products can cause harm to human health.
Such concerns associated with health hazards are
predicted to vitiate the market growth across the
globe.
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Biocides Market Research Report- Forecast to 2023
Segmental Analysis
The Global Biocides Market has been segmented on
the basis of Product and Application. By Mode of
Product, the Global Biocides Market has been
segmented into metallic compounds, halogen
compounds, phenolics, organosulfur, nitrogen, and
others. Among these, the halogen compounds are
likely to gain prominence as they are less
costly, effective microbial growth control
agents, relatively low occurrence of resistance,
and have wide spectrum of applications. By Mode
of Application, the Global Biocides Market has
been segmented into food beverages, water
treatment, wood preservation, personal care,
HVAC, paints coatings, oil gas, boilers,
fuels, and others. Among these, the water
treatment segment is considered to gain
significant prominence. The surging demand for
industrial and treated municipal water from
several end-use industries is estimated to fuel
the segment growth. The growing emphasis on clean
water by the government of developing as well as
developed nations is likely to create immense
opportunities for the market. View Full Press
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orts/biocides-market-6502
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Biocides Market Research Report- Forecast to 2023
Regional Outlook
Geographically, the Biocides Market span across
regions namely, Europe, North America, Asia
Pacific, and Rest-of-the-World (RoW). Considering
the global scenario, the North American region
is considered to command a major share in the
global market owing to strong rebound activities
and surging demand from the FB industry. The
inflated demand for biocides in treatment of
water is likely to fuel its growth. Moreover, the
reviving construction sector in this region
encourages the market growth in wood preservation
and paints coatings treatment. The Asia
Pacific region is estimated to witness a sturdy
CAGR in the coming years owing to the expanding
manufacturing sector in the region. Businesses
are shifting manufacturing capabilities in this
region in order to capitalize on the low cost
labor. Also initiatives undertaken by the
government to spread awareness regarding hygiene
have inflated the demand for Biocides in this
region.
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Biocides Market Research Report- Forecast to 2023
Major Players in this Research

• Biocides Market Prominent Players
• AkzoNobel N.V.
• Akcros Chemicals
• Arch Chemicals Inc.
• Champion Technologies
• Ashland Inc.
• BASF
• BWA Water Additives
• GE Water and Process Technologies
• Solvary SA
• Thor Group limited
• Buckman Laboratories International Inc.
• Clariant AG
• The Dow Chemical Company, Lanxess AG

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