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 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. The key trend witnessed in the global market is the shift of interest from halogen biocides to others types of biocides in the developed economies of North America and Europe.
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.
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. The U.S. dominated the North American biocides market in 2015, and it is anticipated to retain its dominance during 2016 – 2022. Asia-Pacific is the second largest market for biocides.
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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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