According to the report published by Allied Market Research, the global biocides market generated $12.7 billion in 2019, and is estimated to reach $20.7 billion by 2027, registering a CAGR of 6.8% from 2020 to 2027. The report offers an extensive analysis of the changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.
Rise in demand for clean water
for domestic/industrial purposes and surge in end users drive the growth of the
global biocides market. However, environmental regulations on toxic biocides
and variation in the prices of raw materials hinder the market growth. On the
other hand, market opportunity for silver-based biocides and development of
total organic biocide system create new opportunities in the coming years.
Request Report Sample
at: https://www.alliedmarketresearch.com/request-sample/1870
Covid-19 scenario:
The raw material shortages for
disinfectants have urged the suppliers to contemplate using other biocidal
ingredients. However, the process and utilization of biocidal products differ
region to region.
In Slovenia, the Slovene Chemical
Office initiated to issue permit to produce disinfectants with certain biocidal
products.
In Belgium, on the other hand,
the competent authorities have initiated to progress with biocidal products
followed by the grant of temporary authorizations.
Get Detailed COVID-19 Impact Analysis on the Biocides Market: https://www.alliedmarketresearch.com/request-for-customization/1870?reqfor=covid
Based on type, the halogen based
derivatives segment contributed to around two-fifth of the market in 2019, and
is estimated to maintain its dominant position during the forecast period. On
the other hand, the organic acid segment is expected to register the highest
CAGR of 7.2% from 2020 to 2027.
Based on end user, the
agriculture and construction segments together accounted for around one-fifth
of the total market in 2019, and is expected to maintain the dominant position
throughout the forecast period. However, the personal care, home care and
pharmaceutical segments are expected to register the highest CAGR of 7.4% from
2020 to 2027.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/1870
Based on region, Asia Pacific
contributed to around two-fifths of the total market share in 2019, and will
maintain its dominance throughout the forecast period. Furthermore, the region
is also anticipated to manifest the fastest CAGR of 7.4% from 2020 to 2027. The
report also analyzes regions including Europe, North America, and LAMEA.
Leading market players analyzed
in the research include Berkshire Hathaway, BASF SE, DuPont, Kerry, Solvay SA,
Lonza Group AG, Lanxess AG, Thor Group Limited, Clariant AG, Corbion N.V.,
Kemin Industries, Inc., and Nouryon.
Interested in Procuring this Report? visit: https://www.alliedmarketresearch.com/biocides-market/purchase-options
About Allied Market Research:
Allied Market Research (AMR) is a full-service
market research and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market Research provides global enterprises as well as
medium and small businesses with unmatched quality of "Market Research
Reports" and "Business Intelligence Solutions." AMR has a targeted
view to provide business insights and consulting to assist its clients to make
strategic business decisions and achieve sustainable growth in their respective
market domains. AMR offers its services across 11 industry verticals including
Life Sciences, Consumer Goods, Materials & Chemicals, Construction &
Manufacturing, Food & Beverages, Energy & Power, Semiconductor &
Electronics, Automotive & Transportation, ICT & Media, Aerospace &
Defense, and BFSI.
We are in professional corporate relations with
various companies and this helps us in digging out market data that helps us
generate accurate research data tables and confirms utmost accuracy in our
market forecasting. Each and every data presented in the reports published by
us is extracted through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement methodology
includes deep online and offline research and discussion with knowledgeable
professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060S
Fax: +1-855-550-5975
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
No comments:
Post a Comment