Pune, India -- (SBWIRE) -- 03/26/2019 -- Our latest research report entitled Biocides Market (by type (halogen compounds, organosulfurs, metallic compounds, phenolics, organic acid), application (water treatment, wood preservation, personal care, food & beverage, agriculture, paints & coatings)) Global Industry Analysis, Trends, Size, Share, Forecasts to 2024 provides complete and deep insights into the market dynamics and growth of Biocides. Latest information on market risks, industry chain structure Biocides cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Biocides growth factors. The global biocides market is projected to grow at a CAGR of 5.1% over the forecast period of 2018-2024.

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Biocides are the chemical substance or microorganism that are used to destroy or inhibit the growth of harmful organism such as pests and germs by chemical or biological means. Biocides can be either synthetic or natural. They vastly used as disinfectants, oxidizing agents and preservatives across various industrial applications. The most important application of biocides is industrial and public water treatment.

The control of microbiological activity is important to maintain the correct water conditions that are used in the Cooling Towers, Closed systems, Reverse Osmosis & Cold Water Storage Tanks and many other commercial or industrial applications. This can be ensured by using appropriate biocides according to the applications. The growing demand for Water treatments plants for the commercial as well as the industrial application is driving the growth of the biocides market. In addition, the growing demand for biocides in the chemical and the food and beverage industry is likely to escalate the growth of the biocides market. The biocides used in the chemical industry are the insect repellents, disinfectants so in the chemicals industry they are used as material preservatives. Furthermore, the growing demand for fresh and clean water is anticipated to boost the demand for the biocides market. Moreover, the rapidly growing demand for biocides in plastic manufacturing and growing awareness about the use of biocides in the agriculture sector is projected to create several opportunities in the biocides market.

Among the regions, North America holds the maximum share in the biocides market followed by Europe. The growing use of biocides in treating the water drives the growth of biocides in the North America region. The demand for biocides is rising across food and beverage industries and pain industries that supporting the growth of biocides in North America. In addition, Asia Pacific is the fast-growing region in the biocides market and expected to be the leading region in the upcoming years. The rapidly growing use of biocides as preserver in the various industry such as construction, paint, food and beverage and others across the Asia Pacific region boost the growth of biocides in this region.

Market Segmentation by Type and Application

The report on the global biocides market covers segments such as type and application. On the basis of type, the global biocides market is categorized into halogen compounds, organosulfurs, metallic compounds, phenolics, organic acid, and others. On the basis of application, the global biocides market is categorized into water treatment, wood preservation, personal care, food & beverage, agriculture, paints & coatings, and others.

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Competitive Landscape

The report provides profiles of the companies in the global biocides market such Valtris Specialty Chemicals, Albemarle Corporation, Lonza, Champion Technology Services, Lubrizol, Anpath Group Incorporated, Baker Hughes Incorporated, Troy, BWA Water Additives, Sigma-Aldrich.

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Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Biocides.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.