Biocides Market Share

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Biocides Market Share, Size, Analysis, Growth, Trends and
Forecasts to 2024 | Hexa Research
“Biocides Market to reach nearly USD 12,980 million
by 2024”
Growing at a CAGR over 5% during 2016 to 2024, the global Biocides Market is anticipated to reach nearly
USD 12980.8 million by 2024. Stringent environmental regulations and growing awareness are likely to drive
the market till 2024. Health awareness and the need for clean water will boost industrial growth in the
coming years. Moreover, industrialization in emerging economies and demand for potable water could
augment the segment of water treatment.
Biocides are compounds used as antimicrobial, antifouling & disinfecting agents, and as pesticides. Halogens
such as bromine & chlorine, organosulfur, copper salts, acrolein, iodine, amines, metals, and quaternary
ammonium salts are used to make biocides.
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Rigid regulations by regulatory bodies such as the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA),
the Environmental Protection Agency (EPA), and Registration, Evaluation, Authorization, and Restriction of
Chemicals (REACH) may hinder market progress.
The global biocides market is divided into applications, products, and geographies. Applications include
painting & coatings, water treatment, personal care, food & beverages, and wood preservation, among
others. Water treatment dominated the market with over 23% shares in 2014. Regulatory policies that
implement ‘water treatment’ standards can positively affect the market. Water treatment aims at offsetting
the ill-effects of microbial activity, corrosion, and disposal of waste water.
Food & beverages held a market share exceeding 16%, in 2014. The growing need to control microbial activity
in foods & drinks and the use of preservatives can stimulate the market. Rapidly changi ng lifestyles and
demand from emerging economies are the other factors fueling this segment.
The personal care segment will expand significantly at nearly 5.5% CAGR till 2024. Biocides are used in
shampoos, shower gels, and moisturizing creams. They reduce bacterial and fungal activities and increase the
shelf-life of these products. This in turn propels the demand for biocides.
Based on products, the global biocides market is divided into organic acids, phenolic, nitrogen, halogen
compound, metallic compound, organosulfurs, and others. Halogen compound dominated the market with
over 25% shares in 2014. Halogens are vastly used to treat waste water in municipal & industrial projects.
Metallic compounds are used in paints & coatings, food & beverage, and wood preservation. They are also
used as substitutes for halogens in water treatment. This segment held over 18% revenue shares in 2014.
Organosulfursare used to control microbial activities in oil refinery industries as they contain antifungal and
antibacterial properties. In 2014, this product held a share over 11%.
Regions in the global biocides market are North America, Europe, Asia Pacific, Latin America, and the Middle
East & Africa (MEA). North America held over 40% of the global revenue in 2014. T he U.S. led the region in
2014 with 75% of the overall incomes. U.S. funding for infrastructural development is projected to add to the
demand for paints & coatings. This will further support the global market till 2024.
Asia Pacific may expand at a CAGR of more than 6% from 2016 to 2024. Rising healthcare expenditures owing
to technological advancements and cheaper medical facilities will boost the phenolic biocides industry in the
region. Ongoing industry trends suggest that China will continue to dominate the region in the forthcoming
years. It will grow at a significant rate till 2024.
Dow Microbial Control, Troy Corporation, Arch Chemicals, and ISP are the prominent companies in the global
biocides market that account for nearly 56% of the total demand. Arch Chemicals dominated the industry in
2014. It captured over 15% of the worldwide shares that year
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Table of Contents
1. Methodology & Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
2. Executive Summary
2.1 Industry Summary of Biocides Market
3. Industry Outlook
3.1 Biocides Market Segmentation
3.2 Biocides Market Size and Growth Prospects
3.3 Biocides Market Dynamics
3.4 Key Opportunities Prioritized
3.5 Industry Analysis - Porter's
3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 Biocides Market share by application, 2016 & 2024
5. Regional Outlook
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa)
5.6 RoW (Rest of the World)
6. Competitive Landscape
6.1 Dow Microbial Control
6.1.1 Company Overview
6.1.2 Revenue Analysis
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 Troy Corporation
6.2.1 Company Overview
6.2.2 Revenue Analysis
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Arch Chemicals
6.3.1 Company Overview
6.3.2 Revenue Analysis
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
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6.4 ISP
6.4.1 Company Overview
6.4.2 Revenue Analysis
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
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Growing at a CAGR over 5% during 2016 to 2024, the global biocides market is anticipated to reach nearly USD 12980.8 million by 2024.

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