Global Biocides Market: Need for Water Treatment in Various Sectors Driving Demand
Biocides help prevent, control, or render harmless the effect of any organism that may prove to be harmful to human or animal health, via various chemical or biological processes. The global biocides market for has gained significance in recent years owing to the dire need of treated water for numerous uses.
Biocides Market to Register Under-5% CAGR
Biocides are being used for a variety of purposes and this is likely to drive the market over the coming years. Transparency Market Research, in its report, states that the market for biocides was valued at US$6.99 billion in 2011 and is anticipated to grow to a value of US$9.62 billion by 2018. The calculated CAGR for the biocides market stands at 4.7% from 2012 to 2018.
North America Dominates Regional Segmentation of Global Biocides Market
Of the four key geographical markets for biocides, namely North America, Europe, Asia Pacific, and Rest of the World, North America emerged as the clear leader, occupying 43% of the total worldwide demand for biocides in 2011. Currently the market is driven by the presence of stringent regulations in the region and analysts predict that the biocide market in North America is bound to grow owing to demand from emerging sectors such as plastics, food processing, paper and pulp, and personal care. However, with the imminent saturation of the biocides market, North America is likely to lose market share in the coming years.
Moderate Growth in Europe, Highest CAGR in Asia Pacific
Asia Pacific is presently the second-largest regional market for biocides and industry experts believe that this region is likely to be the fastest-growing market till 2018. Due to being expected to register the highest CAGR of 5.8% from 2012 to 2018, manufacturers have been investing majorly in the Asia Pacific biocides market. Europe followed Asia Pacific and held a 20% share of the global biocides market. However, compared to other regions, the growth in Europe is estimated to be low.
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Demand for Halogen Compounds Strongest
The global biocides market has multiple product types: metal compounds, halogen compounds, organic acids, nitrogen, phenolic compounds, organosulfurs, and others.Of these, halogen compounds led the biocides market, holding a 28.4% share in 2011. While its growth can be attributed to the constant rise in demand for water supply, this segment is estimated to lose market share in the next few years owing to environmental concerns associated with its use.
Chlorine and bromine compounds are toxic in nature and their prolonged use has attracted the attention of developed countries. Metal compounds hold the second-largest share of the biocides market, accounting for 19% of the total demand in 2011. Thanks to rising demand from the healthcare and homecare sectors, phenolic compounds are projected to be the fastest growing product segment between 2012 and 2018, registering a CAGR of 6.8%. Nitrogen-based biocides also show immense potential for growth over the next three years.
Biocides Most Widely Used in Water Treatment
The global biocide market is segmented on the basis of application into personal care, water treatment, wood preservation, paints and coatings, food and beverages, and others. In terms of demand, the use of biocides in water treatment was the largest application segment, accounting for over 20% of the total demand in 2011. The urgent need for water treatment in various sectors such as household, industrial, and commercial has led to the growing demand for biocides. Developing at a compound annual growth rate of 5.9% from 2012 to 2018, the use of biocide for water treatment is estimated to be the fastest growing application segment.
Food and beverages and paints and coatings jointly held over 29% of the biocides market and these segments are projected to gain momentum in the future. The growing demand for paints and coatings from the automobile and construction industries is a key factor driving the biocides market. As far as demand is concerned, textiles, wood preservation, and other applications jointly held 33.8% share of the biocides market in 2011.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
Tel: +1-518-618-1030
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Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Biocides Market to Register Under-5% CAGR
Biocides are being used for a variety of purposes and this is likely to drive the market over the coming years. Transparency Market Research, in its report, states that the market for biocides was valued at US$6.99 billion in 2011 and is anticipated to grow to a value of US$9.62 billion by 2018. The calculated CAGR for the biocides market stands at 4.7% from 2012 to 2018.
North America Dominates Regional Segmentation of Global Biocides Market
Of the four key geographical markets for biocides, namely North America, Europe, Asia Pacific, and Rest of the World, North America emerged as the clear leader, occupying 43% of the total worldwide demand for biocides in 2011. Currently the market is driven by the presence of stringent regulations in the region and analysts predict that the biocide market in North America is bound to grow owing to demand from emerging sectors such as plastics, food processing, paper and pulp, and personal care. However, with the imminent saturation of the biocides market, North America is likely to lose market share in the coming years.
Moderate Growth in Europe, Highest CAGR in Asia Pacific
Asia Pacific is presently the second-largest regional market for biocides and industry experts believe that this region is likely to be the fastest-growing market till 2018. Due to being expected to register the highest CAGR of 5.8% from 2012 to 2018, manufacturers have been investing majorly in the Asia Pacific biocides market. Europe followed Asia Pacific and held a 20% share of the global biocides market. However, compared to other regions, the growth in Europe is estimated to be low.
Interpret a Competitive outlook Analysis Report with free PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=750
Demand for Halogen Compounds Strongest
The global biocides market has multiple product types: metal compounds, halogen compounds, organic acids, nitrogen, phenolic compounds, organosulfurs, and others.Of these, halogen compounds led the biocides market, holding a 28.4% share in 2011. While its growth can be attributed to the constant rise in demand for water supply, this segment is estimated to lose market share in the next few years owing to environmental concerns associated with its use.
Chlorine and bromine compounds are toxic in nature and their prolonged use has attracted the attention of developed countries. Metal compounds hold the second-largest share of the biocides market, accounting for 19% of the total demand in 2011. Thanks to rising demand from the healthcare and homecare sectors, phenolic compounds are projected to be the fastest growing product segment between 2012 and 2018, registering a CAGR of 6.8%. Nitrogen-based biocides also show immense potential for growth over the next three years.
Biocides Most Widely Used in Water Treatment
The global biocide market is segmented on the basis of application into personal care, water treatment, wood preservation, paints and coatings, food and beverages, and others. In terms of demand, the use of biocides in water treatment was the largest application segment, accounting for over 20% of the total demand in 2011. The urgent need for water treatment in various sectors such as household, industrial, and commercial has led to the growing demand for biocides. Developing at a compound annual growth rate of 5.9% from 2012 to 2018, the use of biocide for water treatment is estimated to be the fastest growing application segment.
Food and beverages and paints and coatings jointly held over 29% of the biocides market and these segments are projected to gain momentum in the future. The growing demand for paints and coatings from the automobile and construction industries is a key factor driving the biocides market. As far as demand is concerned, textiles, wood preservation, and other applications jointly held 33.8% share of the biocides market in 2011.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com