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Global Industry Insight: Biocides Market Size, Share, Development, Growth and Demand Forecast to 2022 By P&S Market Research
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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. However, the stringent regulatory requirement for biocides is expected to hinder the growth of the global biocides market to some extent.
Biocides are the active chemical molecules or compounds used to control or inhibit harmful organisms. 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.
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GLOBAL BIOCIDES MARKET SEGMENTATION:
By Type
Halogen Compounds
Organosulfur Compounds
Metallic Compounds
Organic Acids
Phenolic Biocides
Others
By Applications
Water Treatment
Food and Beverage
Personal Care
Wood Preservation
Paints and Coatings
Heating, Ventilating and Air Conditioning (HVAC)
Boilers
Oil and Gas
Fuels
Others
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