Global Biocide Market report covers the analysis based on drivers, restraints and future opportunities that are expected to influence the revenue during the forecast period. Additional tools such as the Porter’s five forces analysis, PESTEL analysis, and value chain analysis are included to give a holistic market view. The market revenue forecast is provided up to 2025, with 2015 to 2017 representing the real-time historical sales with an annual forecast period between 2018 and 2025.
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Biocide Market: Key Players are AkzoNobel N.V., BASF SE, Clariant AG, The Dow Chemical Company, Thor Group Limited, Troy Corporation, LANXESS, Ashland Global Specialty Chemicals Inc., Nalco Champion and Arch Chemicals Inc. among others.
The Global Biocide Market size is estimated to be worth USD 13.76 billion by 2025 due to the increasing demand for the product in applications such as water treatment, paints & coatings and food & beverages among others. Rising need for extensive water treatment processes to address the growing demand for clean water globally, is the primary key factor attributing to the growth of the global market.
The rising need for safe packaged food serves as a driving factor for the food and beverage industry, thereby, driving the Global Biocide Market growth. Increasing government investments for waste water treatment across the region has further aggravated the demand of biocides. For instance, India’s wastewater infrastructure capital expenditure is projected to increase by 83% over the next five years. This is to present immense lucrative opportunities for biocide manufacturers.
Get more details about Global Biocide Market:
Biocide Market: Segmentation
Type Overview, 2015-2025 (USD Million)
• Organic Acids
• Halogen Compounds
• Metallic Compounds
Application Overview, 2015-2025 (USD Million)
• Oil & Gas
• Water Treatment
• Paints & coatings
• Food & Beverages
• Personal Care
Regional Overview, 2015-2025 (USD Million)
• North America
• Asia Pacific
• Rest of the World
Reasons for the study:
• The purpose of the study is to give an exhaustive outlook of the global biocide market
• While studying the market, we observed that phenolic compounds is projected to grow at the fastest rate owing to the requirement of microbial protection for a wide number of applications across the globe.
• The global biocide market has been mainly driven by the increased demand for water treatment across the globe.
• The water treatment application is projected to witness fastest growth in the coming years owing to rising need for clean water for domestic and industrial purposes.
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