DUBLIN--(BUSINESS WIRE)--The "Global Biocides Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The biocides market is expected to register a CAGR of approximately 5.22% during 2018-2023 (the forecast period).
The market is driven by the increasing number of water treatment plants, along with the increasing demand from the food & beverage industry. However, the market is restrained by regulations on chlorine.
Growing Water Treatment Market Driving the Market
Biocides are majorly used in water treatment and wastewater treatment plants, especially near the coastal regions. Therefore, with the growing market for water treatment in Middle Eastern economies, such as South Africa, Kenya, Egypt, Tunisia, in response to diminishing fresh water resources, is expected to drive the market.
Middle Eastern economies have nearly USD 42 billion worth of water and wastewater projects in the pipeline, in the next 10 years. These government have taken several initiatives to deal with water scarcity and for promoting the growth of water treatment facilities.
There has been an increase in the commercialization of new concepts for desalination, including forward osmosis, membrane distillation, tri-hybrid applications using nano-filtration, and low-temperature distillation. These technologies are expected to increase efficiency and decrease energy requirement, thereby driving the market.
- Paints & Coatings - The Fastest Growing Application
- North America holds the Largest Market Share
Key Topics Covered
2. Executive Summary
3. Market Insight
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
- AkzoNobel NV
- Albemarle Corporation
- Baker Hughes Incorporated
- BASF SE
- BWA Water Additives
- Merck KGaA
- Troy Corporation
- Valtris Specialty Chemicals
For more information about this report visit https://www.researchandmarkets.com/research/lvzb32/biocides?w=4