Industry Insights
Growing purified water supply demand in residential, commercial and
industrial process applications to sustain optimum efficiency and to
maintain wellness is expected to have a positive impact on the biocides
market. Rapid construction growth coupled with industrialization in
emerging markets is expected to drive the market.
Biocides have very less or almost zero content of volatile organic
compounds (VOC) and are preferred over other chemicals with high content
VOC possessing relatively hazardous properties. They are used as
additives in the paints and coating industry to prevent paints from
getting contaminated. Growing health awareness and change in lifestyle
is expected to have a positive influence on the personal and health care
industry where usage of biocides is at the peak.
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However, government regulations and environmental norms may hinder
the growth rate of the market owing to the fact that biocides cause harm
to living organisms. Lengthy registration process and high processing
fee to pass through the regulatory norms is expected to be a key
challenge for the market over the forecasted years.
Product Insights
Halogen compounds emerged as the leading biocides product and
accounted for over 20% of the global consumption. Growing need for
treated water supply in industrial, pulp and paper industry is expected
to drive the halogen compound market. Other biocides products include
metallic compounds, organic acids, organosulfur, nitrogen,
gluateraldehyde, sodium hydroxide and phenolic. Stringent regulatory
norms and governmental regulations may hinder the growth rate over the
forecasted period. Use of triclosan, phenol compound, is in demand for
personal care and health care industry, where it is used in liquid soaps
as antimicrobial supplements.
Application Insights
Water treatment was the largest biocides application segment and
accounted for over 20% of the total market in 2012 owing to the increase
in demand for water treatment in industrial, commercial and residential
applications. Food and beverage industry uses biocides owing to the
growing population and changing lifestyles in emerging countries
including China and India. Other applications include paints and
coatings, wood preservation and personal care industry. Governing bodies
such as EPA help in spreading awareness and is expected to be a key
driving force for the global market.
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Regional Insights
North America emerged as the largest biocide regional market and
accounted for more than 35% of the total market value in 2012 owing to
the growth in paper and pulp, food processing and personal care
industry. Stringent environmental norms against hazardous content of
biocides may affect the growth rate in the market.
Asia Pacific is expected to be the fastest growing regional market
over the forecast years. Growing health awareness among the population
regarding bacterial growth and pathogens is expected to increase the
demand for purified and clean water used in industrial, commercial and
residential sector and eventually increase biocides demand over the next
six years.
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