TechNavio recognizes the following companies as the key players in the Global Biocides Market: BASF SE, The Dow Chemical Co., Lonza Group AG, Ashland Inc., and AkzoNobel N.V.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
According to the report, 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.
Further, the report states that 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 report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Clariant International Ltd., and LANXESS Corporation
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-biocides-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/others
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TechNavio Announces the Publication of its Research Report -Global Biocides Market 2012-2016
