New York, According to a new market research report published by Global Insight Services “Biocides Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A biocide is a chemical substance that is used to kill or control living organisms that are considered to be harmful. The term “biocide” is sometimes used interchangeably with “pesticide,” but it is important to note that not all pesticides are biocides. In fact, most pesticides are not biocides. Biocides are typically used to control organisms that are harmful to humans or animals, such as bacteria, viruses, fungi, and parasites. They can also be used to control organisms that are considered to be nuisance animals, such as rodents and insects.
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Key Trends
The key trends in Biocides technology are:
1. Increasing demand for biocides in Asia-Pacific: The Asia-Pacific region is expected to be the largest market for biocides, due to the growing demand from end-use industries such as paints & coatings, water treatment, and wood preservation.
2. Stringent regulations: The biocides market is highly regulated, due to the potential health and environmental impacts of these products.
3. Shift towards more eco-friendly products: There is a growing preference for more eco-friendly biocides, such as those based on natural ingredients.
Key Drivers
Some of the key drivers of the biocides market include the increasing demand for biocides in the treatment of water, the need for food preservation, and the rising awareness of the importance of biocides in the healthcare industry.
The increasing demand for biocides in the treatment of water is a major driver of the biocides market. The need for water treatment is increasing due to the growing population and the rise in water pollution.
The need for food preservation is another driver of the biocides market. Biocides are used to preserve food by preventing the growth of microorganisms that can cause spoilage. The use of biocides in food preservation is expected to grow due to the increasing demand for processed and packaged foods.
Market Segments
The biocides market is segmented by type, application, end-user, and region. By type, the market is classified into oxidizing biocides, non-oxidizing biocides, and others. Based on application, it is bifurcated into water treatment, household, paints, and others, Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global biocides market includes players such as Lonza AG, DuPont, Lanxess, Ecolab, BASF, Kemira OJY, Solvay, Nouryon, Solenis, Veolia, and others.
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Reasons to buy Biocides Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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