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Asia Pacific may expand at a CAGR of more than 6 % from 2016 to 2024. Rising healthcare expenditures owing to technological advancements and cheaper medical facilities will boost the phenolic biocides industry in the region. Ongoing industry trends suggest that China will continue to dominate the region in the forthcoming years. It will grow at a significant rate till 2024.
Dow Microbial Control, Troy Corporation, Arch Chemicals, and ISP are the prominent companies in the global biocides market that account for nearly 56 % of the total demand. Arch Chemicals dominated the industry in 2014. It captured over 15 % of the worldwide shares that year.
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