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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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