Chemical industry reports Biocides Market Share and forecasts 2024
Hexa Research
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Global and China Biocides Market Share, Size, Analysis,
Growth, Trends and Forecasts to 2024 | Hexa Research
The global biocides market will witness rising demands from industrial applications such as
water treatment, personal care, paints & coatings etc. Dynamic growth of these industries is
expected to spur overall market growth during the estimated period. The growing paints &
coatings market in emerging economies is expected to boost the market growth.
The halogen biocides sector was the leading product sector of the global biocides market. It
accounted for over 25% of the overall revenue in 2015. It is expected to continue being the
top product sector during the next few years owing to the easy availability of inexpensive
raw materials like chlorine.
This product sector has a number of applications in cooling water towers and water
treatment. Organosulfur biocides held about 11% market share in 2015. This product
possesses antifungal & antibacterial properties due to which it is widely utilized in healthcare
applications.
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