Biocides Market Business Overview, Challenges, Opportunities, Trends and Market Analysis by 2023

19/set/2019 12:13:48 Market Research Future Contatta l'autore

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Market Overview:

Biocides are chemical substances that exert a controlling effect on various types of micro-organisms that are harmful to human or animal health. Market Research Future (MRFR) has published a report asserting that the Global Biocides Market is market to expand moderately in the forthcoming years.

Industry Updates:

In October 2018, Dow Microbial Control, a U.S.-based business unit of DowDuPont Specialty Products, has announced the launch of two new within its AQUCAR Water Treatment Microbiocides portfolio. The new cold-weather biocides, AQUCAR 7140 LT Water Treatment Microbiocide and AQUCAR TN 250 LT Water Treatment Microbiocide provide microbial control down to -40 Fahrenheit.

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In July 2018, India's Central Insecticide Board and Registration Committee (CIB&RC) have announced that it has published long-awaited guidelines for the registration of biocides used in paints.

Key Players:

The Prominent Players profiled by MRFR that are operating in the Global Biocides Market are Arch Chemicals Inc., Cortec Corporation, Buckman Laboratories International Inc., Ashland Inc.,  GE Water and Process Technologies, Anpath Group Incorporated, Sigma-Aldrich, Champion Technologies, AkzoNobel N.V., BASF, BWA Water Additives, Clariant AG, Lanxess AG,  The Dow Chemical Company, Baker Hughes Incorporated, Thor Group Limited, Albemarle Corporation, Akcros Chemicals, Solvay SA, Troy Corporation, Lubrizol and others.

Market Drivers and Restraints:

Increasing emphasis on improving sanitation in production processes in order to prevent product spoilage due to microbial contamination is majorly driving the expansion of the Global Biocides Market. Rise in demand for powerful disinfectant solution in various industries such as food and beverages, paints and coatings, personal care, wood preservation and others is propelling the growth of the Global Biocides Market.

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Biocides are extensively utilized in food and beverages industry for disinfecting food contact materials and active packaging materials. Biocides are also utilized for wood preservation as they aid in extending the life cycle of furniture. Increasing utilization of Biocides for water treatment owing to the increasing prevalence of water-borne diseases and application of Biocides as stimulation fluids in hydraulic fracturing in order to prevent corrosion are some other factors that are fueling the growth of the Global Biocides Market. However, strict regulatory framework against the usage of Biocides and health hazards caused due to the presence of harmful chemicals in biocides are likely to restrain the growth of the Global Biocides Market during the forecast period.

Market Segmentation:

The Global Biocides Market has been segmented based on Product and Application.

Based on Product, the Biocides Market has been segmented into halogen compounds, metallic compounds, organosulfur, organic acids, phenolics, nitrogen and others. Among these, the halogen compounds segment is anticipated to project dominance over the Global Biocides Market.

Based on Application, the Biocides Market has been segmented into food & beverages, wood preservation, water treatment, personal care, paints and coatings, boilers, HVAC, fuels, oil and gas, and others. The food & beverages segment is key application segment in the Global Biocides Market owing to the increasing demand for biocides in food and beverages industry.

Regional Analysis:

Geographically, the Global Biocides Market has been segmented into four major regions such as North America, Asia Pacific, Europe and the rest of the world. The North America region is forecasted to dominate the Global Biocides Market owing to the high demand for Biocides in rapidly expanding food & beverages industry. The Biocides Market in the Europe region owing to the increasing adoption of biocides in paints and coatings industry and increased research activities for the development of highly effective Biocides in this region. Inflated demand for biocides in various industries and increased manufacturing rate are driving the Biocides Market in the Asia Pacific region.

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