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implement ‘water treatment’ standards can positively affect the market. Water treatment aims at offsetting
the ill-effects of microbial activity, corrosion, and disposal of waste water.
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Food & beverages held a market share exceeding 16%, in 2014. The growing need to control microbial activity
in foods & drinks and the use of preservatives can stimulate the market. Rapidly changing lifestyles and
demand from emerging economies are the other factors fueling this segment.
The personal care segment will expand significantly at nearly 5.5% CAGR till 2024. Biocides are used in
shampoos, shower gels, and moisturizing creams. They reduce bacterial and fungal activities and increase the
shelf-life of these products. This in turn propels the demand for biocides.
Based on products, the global biocides market is divided into organic acids, phenolic, nitrogen, halogen
compound, metallic compound, organosulfurs, and others. Halogen compound dominated the market with
over 25% shares in 2014. Halogens are vastly used to treat waste water in municipal & industrial projects.
Metallic compounds are used in paints & coatings, food & beverage, and wood preservation. Th ey are also
used as substitutes for halogens in water treatment. This segment held over 18% revenue shares in 2014.
Organosulfurs are used to control microbial activities in oil refinery industries as they contain antifungal and
antibacterial properties. In 2014, this product held a share over 11%.
Regions in the global biocides market are North America, Europe, Asia Pacific, Latin America, and the Middle
East & Africa (MEA). North America held over 40% of the global revenue in 2014. The U.S. led the region in
2014 with 75% of the overall incomes. U.S. funding for infrastructural development is projected to add to the
demand for paints & coatings. This will further support the global market till 2024.
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 fo rthcoming
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 domina ted the industry in
2014. It captured over 15% of the worldwide shares that year.
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and-preservatives-industry
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