Chemical industry reports Biocides Market Share and forecasts 2024 | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future The water treatment application sector held over 23% of the overall revenue in 2015. The rising need for disposal in water treatment, corrosion, microbial activity, and scaling is projected to positively affect the market demand. The food & beverages application sector was estimated at USD 1.4 billion in 2015. The rising demands for microbial growth control in food items and drinks and the rising preservative usage levels in ready-to-eat (RTE) foods are expected to be key factors driving market growth. Browse Related Category Market Reports @ https://www.hexaresearch.com/researchcategory/bulk-chemicals-industry The need for biocides in the personal care application sector will see it growing at a healthy CAGR above 5%. The increasing scope for this application in cosmetics such as liquid soaps, shampoos, etc. is also anticipated to drive market demand. The North America region accounted for almost 40% revenue share in 2015. Infrastructural developments in the region have resulted in an increased requirement for paints & coatings. Need for paints in residential and commercial applications are expected to spur market demand. The Asia-Pacific region is expected to witness a significant growth with a CAGR exceeding 6% over the estimated period. India and China biocides markets are also anticipated to experience a considerable growth. The increasing healthcare investments in this region due to technological improvements and inexpensive medical facilities are projected to boost the phenolic product demand in this region. Browse Full Report @ https://www.hexaresearch.com/research-report/global-and-chinabiocides-market/ Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/