Specialty Biocides Global Market 2016-2020
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This market research report segments the global specialty biocides market by type (halogenated biocides, inorganic biocides, nitrogen-based biocides, organosulfur biocides, and other biocides), by end-user application (water treatment, wood preservation, coatings, personal care, and disinfection), and by geography (APAC, Europe, North America, and ROW). The key leading vendors identified in the market are AkzoNobel, BASF, Clariant, Cortec, Lonza, Thor, and Troy.
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Overview of the global specialty biocides market
Technavio’s market analyst have predicted the global specialty biocides market to grow at a moderate CAGR of close to 5% over the forecast period. The increasing demand for specialty biocides in water treatment is one of the key growth drivers of the specialty biocides market. An expanding population and drastic climate changes have increased the demand for clean water globally. Besides the agriculture sector, the industrial and energy sectors consume around 20% water, and 10% of water is used for other purposes such as steam generation, in heating and cooling systems, and as raw materials for solvent processing. The water discharged from heavy industries is highly polluted by heavy metals and organic matter, making it unfit for consumption. Microorganisms thrive in this polluted water rendering it unsuitable for any use. Therefore, specialty biocides are added to make the water usable. Also, these biocides are added to water cooling systems like condensers and compressors as they provide a sustainable environment for the growth and proliferation of microorganisms. The extensive application of specialty biocides in water treatment will aid in the growth of this market until the end of 2020.
This industry research report, analysts have estimated factors like the rising preference for silver-based biocides to augment the growth prospects of the specialty biocides market. Silver-based biocides are preferred over other biocides owing to their high thermal stability and low toxicity. They are used in consumer product applications such as food preservation and wood preservation. This recent shift in the preference for silver-based biocides backed by scientific research and testing and outright banning of chemical biocides is expected to foster the demand for silver-based biocides which will, in turn, bolster the specialty biocides market’s growth potential during the forecast period.
Segmentation by end-user and analysis of the specialty biocides market
- Water treatment
- Wood preservation
- Personal care
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During 2015, the water treatment segment dominated the specialty biocides market with a market share of more than 25%. The specialty biocides find extensive applications in wastewater treatment, drinking water treatment, and ship ballast treatment. Also, these biocides can be used as antifouling agents and disinfectants to prevent the microbes from accumulating in industrial pipes. The growing need for recycling water and stringent regulations regarding the treatment of water before letting it out in water bodies will spur the prospects of growth in this segment until the end of 2020.
Geographical segmentation and analysis of the specialty biocides market
- North America
In this market study report, the analysts have estimated North America to be the largest market for specialty biocides during the forecast period. In 2015, North America dominated the market and accounted for close to 43% of the market share. Rapid industrialization and urbanization have resulted in increased construction activities thereby fuelling the demand for specialty biocides from many industries.
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