Biocides Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa Research
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Biocides Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa Research
Growing at a CAGR over 5 % during 2016 to 2024, the global biocides market is anticipated to reach nearly USD 12980.8 million by 2024. Stringent environmental regulations and growing awareness are likely to drive the market till 2024. Health awareness and the need for clean water will boost industrial growth in the coming years. Moreover, industrialization in emerging economies and demand for potable water could augment the segment of water treatment.
Biocides are compounds used as antimicrobial, antifouling & disinfecting agents, and as pesticides. Halogens such as bromine & chlorine, organosulfur, copper salts, acrolein, iodine, amines, metals, and quaternary ammonium salts are used to make biocides.
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Rigid regulations by regulatory bodies such as the Federal Insecticide, Fungicide, and Rodenticide Act( FIFRA), the Environmental Protection Agency( EPA), and Registration,
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