Biocides Market on a Rise as It Has Multiple Industrial Usage

Sep 17, 2014: Bharatbook.com announces a report on “Biocides”. In the industrial grouping, the paint and coatings market for biocides is expected to show the fastest gains through 2018.

US demand to rise 3.9% annually through 2018

US demand for specialty biocides is forecast to rise 3.9 percent per year to $4.3 billion in 2018. In volume terms, demand is projected to increase 1.3 percent per year to 1.5 billion pounds over the same period. A strong rebound in construction expenditures will support demand for biocides in the wood preservation and paint and coatings markets, while growth in consumer spending and manufacturing output will support demand for biocides used in the production of various manufactured goods. In the smaller energy market, biocide demand will be promoted by a continued expansion in hydraulic fracturing activities, which require well stimulation fluids that contain biocides.

Paint & coatings segment to pace industrial markets

Improving economic conditions, coupled with a rising emphasis on improved sanitation in production processes and workplaces, will be the primary driver of growth in the industrial markets for biocides. Biocides for use in cleaning products are expected to remain the largest industrial market, and will show favorable growth prospects going forward as concerns about hospital-acquired infections, food contamination, and other health issues continue to rise. In the industrial grouping, the paint and coatings market for biocides is expected to show the fastest gains through 2018, with biocide demand supported by increasing demand for paint in new construction and building maintenance applications, and by the continued growth in demand for water-based architectural paints, which require higher levels of biocides. Demand for biocides in other industrial markets, such as food and beverages, cosmetics and toiletries, and pulp and paper, will be supported by rising output from these industries and continued emphasis on...