Biocides are chemical agents like herbicides or pesticides that are capable of destroying living organisms. Biocides are used as additives in polymers to destroy fungi, bacteria, and marine organism. Use of biocides in rubbers and plastics helps to reduce the cost and cleaning efforts. Biocides are widely used in various industries like water treatment, hospitals, home care, food processing and others.
The global market for antioxidants is growing at a significant rate. North America represents the largest regional market in the biocides market and holds 45% of global market share by revenue. Asia-Pacific represents the fastest growing market with a high demand from emerging countries like India and China.
Increasing demand for water and environmental regulation are the major drivers for the growth of the global biocides market. However, the rising raw material prices and high cost for business registration act as major challenges for this market. Continuous economic development in Asia-Pacific represents the potential market for the global biocides market. Emerging applications in plastics is also a positive indication for this market.
Based on product types, the global biocides market is segmented into halogen compounds, organosulfers, metallic compounds, organic acids, phenolic and others. Based on applications, the global biocides market is segmented into personal care, wood preservation, water treatment, food and beverage and paints and coating. Based on geography, the global market for biocides is divided into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Some of the key players in this industry include Albemarle Corporation, Thor Group Limited, AkzoNobel N.V., Baker Hughes Incorporated, BASF SE, Ashland Inc., Champion Technologies, Cortec Corporation, Clariant AG, Kemira Oyj, The Dow Chemical Company, Troy Corporation, GE Water and Process Technologies, Lubrizol Corporation, FMC Corporation, Nalco Holding Company, and others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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