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The global biocides market is divided into applications , products , and geographies . Applications include painting & coatings , water treatment , personal care , food & beverages , and wood preservation , among others . Water treatment dominated the market with over 23 % shares in 2014 . Regulatory policies that implement ‘ water treatment ’ standards can positively affect the market . Water treatment aims at offsetting the ill - effects of microbial activity , corrosion , and disposal of waste water .
Food & beverages held a market share exceeding 16 %, in 2014 . The growing need to control microbial activity in foods & drinks and the use of preservatives can stimulate the market . Rapidly changing lifestyles and demand from emerging economies are the other factors fueling this segment .
The personal care segment will expand significantly at nearly 5.5 % CAGR till 2024 . Biocides are used in shampoos , shower gels , and moisturizing creams . They reduce bacterial and fungal activities and increase the shelf-life of these products . This in turn propels the demand for biocides .
Based on products , the global biocides market is divided into organic acids , phenolic , nitrogen , halogen compound , metallic compound , organosulfurs , and others . Halogen compound dominated the market with over 25 % shares in 2014 . Halogens are vastly used to treat waste water in municipal & industrial projects .
Metallic compounds are used in paints & coatings , food & beverage , and wood preservation . They are also used as substitutes for halogens in water treatment . This segment held over 18 % revenue shares in 2014 . Organosulfurs are used to control microbial activities in oil refinery industries as they contain antifungal and antibacterial properties . In 2014 , this product held a share over 11 %.
Regions in the global biocides market are North America , Europe , Asia Pacific , Latin America , and the Middle East & Africa ( MEA ). North America held over 40 % of the global revenue in 2014 . The U . S . led the region in 2014 with 75 % of the overall incomes . U . S . funding for infrastructural development is projected to add to the demand for paints & coatings . This will further support the global market till 2024 .
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