Published Date : 30 Dec 19 | Views: 113 | Industry : Chemical & Material
An
Effective Solution to Provide Clean Water is Likely to Propel the Growth of the
Application Segment
The
method, type, and application are three prominent segments of the market. The
application segment includes Preservation & Protection, Water Treatment,
Personal Care, Health & Hygiene, Wood Preservation, Oil & Gas, and Food
& Beverages. High demand for water treatment chemicals in the industrial
and oil & gas sector to rid water of contamination and to provide clean
water is likely to boost the growth of the application segment.
The
method segment is sub-segmented into Antisepsis, Disinfection, and
Sterilization while the type segment is classified into Phenolics, Halogens,
Aldehydes, Oxidizing agents, Heavy metal, BIT, Alcohol, IPBC, and Oxazolidines.
Asia-Pacific
– Concerns regarding Health and Hygiene to Boost the Growth of the Market
Rapid
industrialization and increasing water and food pollution has resulted into the
adoption of methods to prevent contamination and spread of disease. Rising
needs to promote water treatment in the industrial and commercial sector and
increasing need to maintain health and hygienic conditions in the food industry
is fostering the growth of the market in the Asia-Pacific region.
The
Dow Chemical Company Offers New Products to Strengthen Portfolio
Some
of the major payers operating in the market are Limin Chemical Co. Ltd., The
Dow Chemical Company, Syngenta AG, Nufarm Limited, Lonza, Bayer AG, BASF
Corporation, FMC Corporation, and Marrone Bio Innovations. Companies are
inclined to invest in product innovations and R&D to develop novel
products.
For
instance, The Dow Chemical Company, announced two new products AQUCAR™ 7140 LT
and AQUCAR™ TN 250 LT for its water treatment product line strengthening their
portfolio.
Increasing
Demand for Disinfectants to Boost the Growth of the Market
Concerns regarding health and hygiene in the Food and Beverage industry has led to a demand for Microbial Control Chemical. They are effective as disinfectants for cleaning, maintaining the health and hygiene, and for preventing contamination of food. Effective measures to prevent and curb the spread of harmful bacteria has led to the growth of the market. The agriculture sector has largescale demand for these chemicals to prevent fungal growth on crop harvest, thereby boosting the growth of the market.