The global biocides market was valued at $6,479 million in 2015, and is projected to reach $9,912 million by 2022, growing at a CAGR of 6.3% from 2016 to 2022. This is attributed to rapid growth of end user industries, increase in demand for biocides from construction industry, rapid growth of the agriculture industry, and rise in investments waste water treatment industry.
Developing countries have witnessed high demand for biocides, owing to rapid industrialization and increase in demand from oil & gas sectors such as oilfield, pipeline, and refinery. Additive applications such as use of hydraulic fracturing techniques (tight oil and shale gas formations), which require biocides to prevent corrosion and production issues that may be caused by bacterial contamination is further expected to fuel demand for biocides. Rise in demand from pulp & paper manufacturing and plastics production, and increase in awareness for protection against growth of bacteria and pathogens in food & beverage industry are anticipated to drive the market growth in forecast period.
Moreover, it has become a regulatory trend to replace conventional chemicals such as chlorine in industrial water treatment applications with low-cost commodities to be further used in municipal water treatment. Market players focus on catering to the high demand for specialty biocides and its products and their variability.
- The Dow Chemical Company
- Troy Corporation
- Basf Se
- Thor Group
- Akzonobel N.V.
- Clariant Corporation
- Lanxess Ag
- Solvay Sa
- Kemira Oyj
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Biocides Market, By Type
Chapter 5 Global Biocides Market, By End-User Industry
Chapter 6 Global Biocides Market, By Geography
Chapter 7 Company Profiles
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