DUBLIN, Sept. 14, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/mdbhzz/biocides_market) has announced the addition of the "Biocides Market by Type and by Application - Global Trends and Forecasts to 2020" report to their offering.
The Biocide Market is projected to reach USD 10.6 Billion by 2020, registering a CAGR of 4.8% between 2015 and 2020.
The global biocides market is driven by the increased demand form the end-user industries such as oil & gas, mining, pulp & paper, among others. Asia-Pacific region, with its reviving economy and rapidly expanding commercial and industrial base is projected to experience the highest growth in the market between 2015 and 2020.
The market is segmented by type, application, and region. This market can be classified into six key segments, on the basis of type- halogen compounds, metallic compounds, organosulfurs, organic acid, phenolics, and others. The biocide market can be classified into application segments, such as water treatment, personal care, food & beverage, wood preservation, paints & coatings, and others. Water treatment segment is projected to be the largest market of biocides due to growing demand for treated water form commercial and industrial base.
The Asia-Pacific region is projected to register a highest growth in the market between 2015 and 2020. The growing end-user industry is the key driver of the market in the region. Europe is projected to witness a slow growth during the forecast period due to stringent environment norms in the region. Moreover, the food safety regulations are also strict in the region that hinders the market for preservatives in food segment. North America is the largest market for biocides followed by Asia-Pacific. The increasing demand from the water treatment segment coupled with the rising demand from reviving construction industry is driving the market for biocides in North America.
Water treatment segment drives the market for biocides in the developed nations of North America and Europe. Asia-Pacific is the potential market for biocides. The increasing demand for preservatives from the food & beverage segment coupled with the rising demand from paints & coatings is driving the market for biocides in the region. The demand for biocides is also expected to rise from the rest of the world, particularly Brazil. The growing construction industry drives the market for wood preservation & paints & coatings, which in turn drives the market for biocides.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Biocide Market, By Type
7 Biocides Market, By Application
8 Biocide Market, By Region
9 Competitive Landscape
10 Company Profiles
- Akzonobel N.V. - BASF SE - Clariant AG - Kemira OYJ - Lanxess AG - Solvay SA - The DOW Chemical Company - The Lubrizol Corporation - Thor Group Limited - Troy Corporation
For more information visit http://www.researchandmarkets.com/research/mdbhzz/biocides_market
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