2014-02-12 15:07:01 - Global Biocides Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Biocides market is to grow at a CAGR of 4.32 percent over the period 2012-2016. One of the key factors contributing to this market growth is the global rise in the consumption of water. The Global Biocides market has also been witnessing the emergence of eco-friendly biocides. However, stringent environmental regulations could pose a challenge to the growth of this market.
Eco-friendly biocides are those which break down over time to non-polluting constituents with no potential accumulation in the environment. Strict environmental regulations and the rise in societal awareness about sustainability have led the biocide producers to invest in the R and D of biodegradable, non-toxic, and eco-friendly biocides. In the future, the emergence of safer, natural, and eco-friendly
technologies and breakthroughs in new applications will promote the rapid growth and expansion of the Global Biocides market. Thus, the emergence of eco-friendly products is one of the major trends in the Global Biocides market, and it is expected to have a positive influence on the growth of the market during the forecast period.
The Global Biocides market is driven by many growth drivers such as the rapid growth in the usage of personal care products and disinfectants due to the increasing need for protection from infections. However, due to rise in global water consumption and the need for clean and potable water for drinking and other household activities, the demand for biocidal chemicals used in the treatment of water has increased. Hence, the major force driving the Global Biocides market is the increasing usage of biocides in the Water Treatment industry.
A major challenge in the market is the stringent environmental regulations in regulated markets, especially in Western Europe and North America. This regulatory pressure is a major challenge for the Global Biocides market and has led to a decrease in the availability of many effective biocides due to the banning of certain toxic ingredients in them.
The key vendors dominating this space include Akzo Nobel N.V., Ashland Inc., BASF SE, Lonza Group AG, and The DOW Chemical Company. The other vendors mentioned in this report are Clariant International Ltd. and Lanxess Corp.
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