With the increasing need for dealing with unwanted
micro-organisms, is rising the demand for Biocides
Market. In an unconventional way of killing insects or microbes with sprays
or tablets, Biocides market applies itself
into killing of these harmful micro-organisms through wide range of
applications like coating, construction materials and energy products with
broad functions like disinfectants, preservatives, pesticides and other Biocidal Products.
While this market views itself applicable to various
industries across all domains like food and beverages, water treatment, wood
preservatives, paints & coatings, personal care etc, Biocides is set to
grow in the coming future during 2015-2020. Read on to know the highlights of
the current market status included in this Market Report.
MARKET TRENDS &
MARKET GROWTH:
Water Treatment Application
was accounted for the major share of 25% in 2014 and is projected to grow at a
CAGR of 6.2% during the forecast period 2015-2020.
Food and Beverages
Application is the second major application which accounted for 20%, i.e.
around $1.6 Billion in 2014.
According to Product Type:
Halogen Segment accounted for 23.5% and was noted to be $1.9 Billion in
2014 and is projected to grow at same pace over the forecast period due to its
low cost and easy availability of raw-material in the market, confirm
IndustryARC market experts.
Geographically: North
America is the dominating region which accounted for 42% of global revenue
share in 2014 of Biocides Market.
REPORT SCOPE:
Market Segmentation:
Global Biocides Market is classified into 4 broad types
depending on the given following factors. These classifications are sub divided
for a better and clearer understanding of the market.
1. By Product Type: Organic Compounds,
Halogen Compounds, Metallic Compounds and Nitrogen Compounds.
2. By Function: Disinfectants,
Preservatives, Pesticides and Others.
3. By End User: Water Treatment, F&B,
Personal HealthCare, Wood Preservatives, Paints & Coatings, Pulp &
Paper, Plastics and Others.
4. By Region: North America, Europe, APAC
and ROW.
Key Market Players:
Some Notable Market Competitors
of Biocides Market that are deeply analyzed by IndustryARC and mentioned in
this research report are:
·
BASF SE
·
LANXESS Deutschland GmbH
·
Dow Chemicals
·
Ecolab Incorporation
·
Schulke & Mayr GmbH
·
Unilever R&D Vlaardingen BV
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