Dynamic Expansion of End-Use Industries Is Expected To Drive Biocides Market In The Near Future
“Growing population coupled with growing concerns for industrial waste water treatment is expected to drive biocide demand over the next six years.�
The global Biocides Market is expected to reach USD 10,745.7 million by 2020, according to a new study by Grand View Research, Inc. Growing population coupled with growing concerns for industrial waste water treatment is expected to drive biocide demand over the next six years. In addition, positive outlook on key application markets such as textiles, paints and coatings, primarily in Asia Pacific, Latin America and Eastern Europe, is also expected to boost the demand for biocides over the forecast period. Access Full Research Report on Global Biocides Market : http://www.grandviewresearch.com/industry-analysis/biocides-industry Halogen compounds dominated the biocide product space, accounting for over 27% of global market revenue in 2013. However, environmental concerns, regarding the disposal and impact of halogen-based compounds are expected to reduce market penetration for these products by 2020. Phenolic biocides are expected to be the fastest growing product segment, at an estimated CAGR of 6.9% from 2014 to 2020.
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