Published Date : 18 Dec 19 | Views: 103 | Industry : Chemical & Material
Increasing
Usage of Biocides in Industrial Sector is likely to Foster the Growth of
Application segment
The
application segment is classified into Human hygiene, preservation, and water
treatment. Biocides is used against mold or algae on stone, wood, brick, concrete,
and mortar. This has led to its largescale usage in commercials and the
industrial sector. It is also used to rid fungus and algae to promote human
hygiene and also to protect machinery and raw materials from damage. This is
likely to fuel the growth of the application segment. The type segment is
divided into Metallic, Halogenated, Organic Acid, Phenolic, and Nitrogenous.
Increasing
Adoption of Water-treatment Plants to Fuel the Growth of the Market in Asia
Pacific Region
The
Asia-Pacific has witnessed rapid industrialization resulting in water pollution
due to release of harmful chemicals from factories into rivers. This has led to
an increasing need for clean water. Water-treatment provides a viable solution
to this problem and it is largely being adopted by the chemical and industrial
sector. Biocides is used in water treatment which is another factor expected to
positively impact the growth of the market. The region also contributes to
large scale agricultural production and has a huge demand for insecticides,
pesticides, and anti- rodent chemicals and fertilizers.
Top Companies
to Focus on Improving Product Quality
Some of the
key players operating in the market are Lanexx AG, AkzoNobel N.V, DowDuPont
Inc, Solvey S.A., Troy Corporation, Kemira Oyl, Clariant AG, Thor Group Ltd,
and The Lubrizol Corporation. Market players are focusing on offering quality
products and are involved in strengthening their distribution networks to gain
an edge over the competition.
Usage of
Chemicals to Prevent Crop Wastage is Expected to Boost the Global Biocides
Market
An increase
in food production all over the world has resulted in a high demand for
chemicals used as insecticides and pesticides to protect crops. These
insecticides and pesticides contain biocides which prevents crop destruction.
The usage of anti-fouling agents and disinfectants containing biocides to prevent
bacteria, germs, viruses, and contamination in chemical and manufacturing
industry is expected to boost the growth of the market.
Apart from it, rising concern regarding clean water has led to an increase in the adoption of water-treatment. The water-treatment process has extensive usage of biocide, which is anticipated to foster the growth of the market.