Your Catalyst to a Lucrative Business
Biocides Market Share, Size,Growth, Key Players, Outlook and
Forecasts to 2024 | Hexa Research
“ the global biocides market is anticipated to reach nearly USD 12980.8
million by 2024.”
26 December 2018
Growing at a CAGR over 5% during 2016 to 2024, the global biocides market is anticipated to reach nearly
USD 12980.8 million by 2024. Stringent environmental regulations and growing awareness are likely to drive
the market till 2024. Health awareness and the need for clean water will boost industrial growth in the
coming years. Moreover, industrialization in emerging economies and demand for potable water could
augment the segment of water treatment.
Biocides are compounds used as antimicrobial, antifouling & disinfecting agents, and as pesticides. Halogens
such as bromine & chlorine, organosulfur, copper salts, acrolein, iodine, amines, metals, and quaternary
ammonium salts are used to make biocides.
Rigid regulations by regulatory bodies such as the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA),
the Environmental Protection Agency (EPA), and Registration, Evaluation, Authorization, and Restriction of
Chemicals (REACH) may hinder market progress.
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
Follow Us: