Biocides Market to Develop Rapidly | 2018
A
recent report, issued by Transparency Market Research (TMR), studies
the behavior of global biocides market, which was valued US$6.99
billion in 2011. It is likely to reach a market value of US$9.62
billion by 2018, increasing at 4.7% CAGR from 2012 to 2018. The
research report is titled “Biocides Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018”.
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Report Overview @
The
research report evaluates the biocides market on the basis of the
product type, application, and the geography and presents an in-depth
analysis of past performance, current trends, and future prospects of
this market.
By
product type, the global biocides market is segmented into halogen
compounds, metal compounds, nitrogen, organic acids, organosulfurs,
phenolic compounds, and other compound.
Halogen
compounds dominated the global biocides market accounting for 28.4%
of the total market share in 2011. Intense rise in global demand for
water supply has driven the growth of halogen based biocides market.
However, the toxic nature of bromine and chlorine compounds is the
major concern among developed countries in accordance with its usage
as biocides. Metal compounds held around 19% of the total biocides
market shares in 2011. Phenolic compounds segment is likely to be the
fastest developing biocides market at an expected 6.8% CAGR during
2012 to 2018, owing to the rise in demand for homecare and healthcare
products.
Based
on application, the biocides market is classified into water
treatment, personal care, paints and coatings, wood preservation,
food and beverage, and others.
Water
treatment dominated the global biocides market by application and
held around 22% of the total market share in 2011. It is likely to be
the fastest developing biocides market in application segment with an
expected CAGR of 5.9% from 2012 to 2018, due to rising demand of
treated water from different sectors such as commercial, industrial,
and households. Other main end-user applications of biocides such as
personal care, paints, and coatings are likely to show moderate
development in near future, owing to growing hygiene concern
globally. Rest of the applications consisting of wood preservation,
food and beverages, and others accounted for more than 50% of the
global biocides market in 2011 collectively.
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Geographically,
North America, Europe, Asia Pacific, and Rest of the World are the
main segments of global biocides market. North America held around
43.0% of the biocides market share, and dominated the market 2011.
Emerging North American markets such as food processing, plastics,
personal care, and paper and pulp are likely to drive the growth of
biocides in near future. Asia Pacific is estimated to be the fastest
developing market at around 5.8% CAGR from 2012 to 2018. Europe
followed Asia Pacific and is expected to experience growth at a
slower pace compared to the other regions.
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