The global biocides market is growing, due to the increasing demand for water treatment, growing demand for food and beverages, and large base of end-use industries. Among the various types of biocides, the halogen segment held the largest share in the global biocides market in 2015, and it is anticipated to retain its dominance during the forecast period.
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The demand for metallic compound biocides is expected to increase in the coming years, due to their increasing usage as disinfectant in water treatment application and stringent regulations regarding the usage of halogens as biocides in developed economies.
The growing biocides applications in plastics and increasing demand for biocides in the emerging economies of Asia-Pacific such as India and China, and the development of multi-functionality excipients are creating ample revenue generation opportunities for the major biocides manufacturers.
According to the Directive 98/8/EC of the European Parliament and Council of the 16 February 1998, biocidal products are defined as active substances and preparations containing one or more active substances, put up in the form in which they are supplied to the user, intended to destroy, render harmless, prevent the action of, or otherwise exert a controlling effect on any harmful organism by chemical or biological means.
Geographically, North America held the largest share in the global biocides market in 2015, owing to the high demand for paints and coatings in residential and commercial applications, and increasing demand for preservatives in food and beverages industry.
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Some of the key players operating in the global biocides market include BASF SE, The Dow Chemical Company, The Lubrizol Corporation, Clariant, AkzoNobel N.V., Kemira, Troy Corporation, Thor Group Limited, LANXESS, and Solvay.
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