Food and Beverage Industry Stands as the Second Major Application in Biocides Market

With the increasing need for dealing with unwanted micro-organisms, is rising the demand for Biocides Market. In an unconventional way of killing insects or microbes with sprays or tablets, Biocides market applies itself into killing of these harmful micro-organisms through wide range of applications like coating, construction materials and energy products with broad functions like disinfectants, preservatives, pesticides and other Biocidal Products.

While this market views itself applicable to various industries across all domains like food and beverages, water treatment, wood preservatives, paints & coatings, personal care etc, Biocides is set to grow in the coming future during 2015-2020. Read on to know the highlights of the current market status included in this Market Report.

MARKET TRENDS & MARKET GROWTH:

Water Treatment Application was accounted for the major share of 25% in 2014 and is projected to grow at a CAGR of 6.2% during the forecast period 2015-2020.

Food and Beverages Application is the second major application which accounted for 20%, i.e. around $1.6 Billion in 2014.

According to Product Type: Halogen Segment accounted for 23.5% and was noted to be $1.9 Billion in 2014 and is projected to grow at same pace over the forecast period due to its low cost and easy availability of raw-material in the market, confirm IndustryARC market experts.

Geographically: North America is the dominating region which accounted for 42% of global revenue share in 2014 of Biocides Market.

REPORT SCOPE:

Market Segmentation:

Global Biocides Market is classified into 4 broad types depending on the given following factors. These classifications are sub divided for a better and clearer understanding of the market.

1. By Product Type: Organic Compounds, Halogen Compounds, Metallic Compounds and Nitrogen Compounds.

2. By Function: Disinfectants, Preservatives, Pesticides and Others.

3. By End User: Water Treatment, F&B, Personal HealthCare, Wood...