Biocides Market Size Is Expected to Reach Usd 12.01 Billion by 2022: Global Market Insights, Inc.

Biocides Market size is expected to reach USD 12.01 billion by 2022; according to a new research report by Global Market Insights, Inc.

Increasing waste water treatment system coupled with stringent environmental regulations will drive global biocides market size growth. Increased health awareness related to bacterial growth and pathogens particularly in Asia Pacific and Latin America will stimulate product growth.

North America, led by Mexico, Canada and U.S biocides market size, dominated demand, with U.S. set to surpass USD 3.7 billion by 2023. may boost product demand paints & coatings applications. U.S government has invested significant amount of revenue to infrastructural development factor which may drive paints & coatings demand. VoC emission norms have led to paint manufacturers focusing on low emission formaldehyde free products. However, low emission paints are more susceptible to microbial activity which may promote biocides market size growth in paints to curb their activity.

Halogen compound based biocides market size dominates the product landscape, with growth set at 4.7% by 2022. Increasing application scope in municipal and industrial waste-water treatment with cooling systems has led to slower market growth owing to stringent regulations regarding halogen emissions. Halogen compounds are deployed as biocides in light of easy availability and low cost.

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Oil & gas applications are likely to witness strong gains, with strong O&G exploration & production indicators providing significant growth opportunities. Primary uses include optimizing production rates, curb corrosion, and keep away functional fluids from getting spoiled. Storage areas and wells have certain bacteria that produce hydrogen sulfide which can be flammable and explosive.

Stringent regulation regarding product authorization before placing an...