The Biocides Market was worth USD 7.31 billion in the year of 2012 and is expected to reach approximately USD 11.87 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 4.46% during the forecast period. Rising requirement from mechanical applications, especially in paints and coatings, personal care and water treatment combined with the dynamic extension of these end-use sectors is anticipated to boost the biocides market in the upcoming years. Expanding implementation of water treatment procedures in nations including Japan, India and China are relied upon to drive the development of the market. Additionally, developing awareness of health is anticipated to spur the demand for clean water and is anticipated to spur the growth of the market throughout the following years. Rising requirement for consumable water in industrial and domestic applications because of expanding populace is anticipated to fuel the demand in water treatment application. Likewise, extending paints and coatings industry because of quick industrialization combined with infrastructural advancement in developing economies is relied upon to drive income development. Food & beverage applications incorporate surfaces which come in close contact with manufacturing, disinfecting pipes, equipment and openings. Food & beverage industry development is anticipated to have a positive influence on the growth of the market.
Halogen biocides market section commanded worldwide demand in 2014, representing more than 25% of total profit and this pattern is relied upon to proceed over the gauge time frame. Cost-effective and simple raw material accessibility of halogens, for example, bromine, iodine and chlorine are anticipated to be one of the essential factors driving the fragment development. In 2014 metallic compounds produced profit surpassing USD 1.5 billion. These are utilized as disinfectants in cooling towers and water treatment plants. Expanding requirement for clean water is anticipated to fuel metallic compounds requirement over the conjecture time frame. Moreover, strict rules with respect to utilization of halogens are anticipated to enhance the significance of metallic compounds as a substitute in the upcoming years. In 2014, Organosulfurs biocides represented more than 11% of the general offer. They are significantly utilized as a part of healthcare applications to restrain microorganism development on plastic or metal surfaces as these items have antifungal and antibacterial properties. Developing requirement for plastics in light of its expanding use in development and automotive industries is projected to fuel item demand in the upcoming years.
Application Outlook and Trend Analysis
In 2014 water treatment applications registered for a share of 23 percent in terms of revenue. Growing demand for microbial activity, scaling, corrosion and disposal in water treatment is anticipated to influence the development of the market in a positive manner. In 2014 food and beverage application was worth USD 1.48 billion. Increasing requirement to control the growth of microbial in food and beverage alongside expanding utilization of additives in ready-to-eat food is required to be a good factor for industry improvement. Worldwide biocides industry request in personal care applications is anticipated to witness generous growth over the figure time frame. Expanding use in cosmetic products, for example, shower gel, liquid soap, shampoo and moisturizing cream by virtue of repressing the formation of bacteria and fungus and to enhance time span of usability is foreseen to boost the demand. Requirement in oil and gas industry is anticipated to witness noteworthy development over the estimate time frame, attributable to its property to control growth of bacteria to curb the development of hazardous by-products amid their activity. Specialty applications including HVAC systems, steam boilers and fuels are high potential regions. Developing vitality needs combined with rising buyer awareness toward unsafe impacts of germ-filled air on the human respiratory system is anticipated to spur the demand.
Regional Outlook and Trend Analysis
In 2014, North America biocides market represented more than 40.0% of worldwide income share. Building and infrastructural advancement in the region have brought about an expanded requirement for paints and coatings in commercial and residential applications which thusly is anticipated to spur the demand over the gauge time frame. Asia Pacific market will encounter significant development over the conjecture time frame. India and China biocides market is projected to witness a solid development throughout the following years. Expanding healthcare services attributable to advancing technology and reasonable healthcare facilities is anticipated to fuel the requirement for phenolics in the area.
Competitive Insights
Worldwide biocides market is decently focused with top three members representing more than 45 percent of aggregate demand in 2014. Arch Chemicals was one of the main players, with a share of more than 15 percent in 2014. Other key players are Troy Corporation, Clariant Power System Limited, Thor Specialties, BASF, Dow Microbial Control, Thor Specialties and Lubrizol. Organizations require a lot of investment toward the start-up stage because of strict government directions with respect to testing and naming of these items before and after making them accessible. This is anticipated to dishearten penetration of new players over the estimate time frame.
Food & beverage Water treatment Wood preservation Personal care HVAC Paints & coatings Oil & gas Fuels Boilers Others
By Region
North America U.S Canada Mexico
Europe Germany France UK Italy Spain Rest of Europe
Asia-Pacific Japan China Australia India South Korea Rest of Asia Pacific
Rest of the World Brazil South Africa Saudi Arabia United Arab Emirates Others
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022? What will be the industry market growth from 2013 to 2022? What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast? What are the major segments leading the market growth and why? Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
