Biocides Market worth 10.6 Billion USD by 2020 Biocides Market worth 10.6 Billion USD by 2020

Biocides Market worth 10.6 Billion USD by 2020
The report “Biocides Market by Type (Halogen compounds, Metallic compounds, Organosulfurs, Organic
acids, Phenolics, and Others) and by Application (Water treatment, Personal care, Wood preservation, Food
& beverage, Paints & coatings, and Others) - Global Trends and Forecasts to 2020” defines and segments the
biocides market with an analysis and forecast for types and applications by volume as well as value. The
biocides market size by value is projected to reach USD 10.6 Billion by 2020, with a CAGR of 4.8% between
2015 and 2020.
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Browse 88 market data tables with 59 figures spread through 149 pages and in-depth TOC on "Potting
Compound Market”
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North America is the key market for biocides
North America dominated the biocides market in 2014. The U.S. is the key market for biocides in the region.
The growing demand for biocides in water treatment and food & beverage segments is driving the market for
biocides in the region. Furthermore, the reviving construction industry in North America drives the market for
biocides in paints & coatings and wood preservation segments. Paints & coatings segment is expected to
witness growth during the projected period.
Asia-Pacific is the fastest-growing market for biocides during the projected period. The ensuing increase in
investments and rise in the number of new manufacturing establishments is anticipated to witness Asia-Pacific
emerge into a prime driver of growth for the biocides market. Furthermore, the food & beverage segment is
expected to witness decent growth during the forecast period. This is due to the rising concern for safe
packaged food in the region. Moreover, the rising construction activities drive the market for biocides in paints
& coatings and wood preservation applications.
Water treatment application to dominate the global biocides market
Water treatment segment dominated the biocides market with ~25.6% the global market share in 2014, in
terms of volume. The increasing demand for treated municipal and industrial water from the end-use
industries is driving the market for biocides. The increased emphasis on clean water by the government of
both the developed and developing nations paves a way for the growth of biocides. Biocides provide
unparalled benefits in the water treatment and other segments.
Food & beverage is the other key application area of biocides. The stringent food safety norms in the
developed nations of Europe and North America drive the market for biocides. Moreover, the growing food &
beverage industry in the Asia-Pacific region drives the market for biocides, where they are used as
preservatives.
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Halogen Compounds projected to have the highest growth
Halogen compounds had the largest market share in 2014 and are projected to dominate the global market by
2020. They are very effective microbial growth control agents, less costly, efficient, have wide spectrum of