Speciality biocide: Key market research findings
- Reliable market opportunities for silver-based biocides
- Growing use of Triclosan in commercial and household applications
Technavio has released a new market research report on the global specialty biocides market, which is expected to grow at a CAGR of 5% by 2020. Specialty biocides are microorganisms that are used to control and prevent the damage to manufactured or natural products. They are categorized into antimicrobials and pesticides. Specialty biocides help prevent the damages caused by microbes or other harmful organisms and protect industrial products and consumer goods. North America accounts for 43% of the total market share. Due to urbanization resulting in increased construction growth is driving demand of specialty biocides from many industries in this region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Silver-based specialty biocides are being preferred over other biocides in plastics owing to their high thermal stability and low toxicity. They are used in consumer product applications such as food processing and wood preservation. These credibility of these biocides are backed by scientific research and testing. The demand for the silver-based antimicrobial systems is high in Japan, Western Europe, and the US. Specialty packing, textiles, paper, medical, and other industrial applications are other major applications areas for silver-based biocides,” says Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research
Triclosan is effective against many microorganisms, even at low concentrations. It is used in personal care products such as soaps and plastic consumer goods. It is used as a preservative in paints and as a disinfectant in household cleaning products. It is also used as a bactericide in the textile processing industry. Triclosan provides better resistance to heat and pressure over other biocides, making it the favored product for numerous commercial and household applications in APAC and EMEA.
The key vendors in the global specialty biocides market include AkzoNobel, BASF, Clariant, Cortec, Lonza, Thor, and Troy. Vendors in the market offer a broad portfolio of specialty chemicals due to integrated downstream capacities and proprietary manufacturing technologies. The market is highly fragmented and is dominated by global vendors. However, the market is expected to witness intense competition during eth forecast period because of the entry of several small- and medium-scale companies that produce specialty biocides in small formulations and sell at competitive prices.
A more detailed analysis is available in the Technavio report, Global Speciality Biocides Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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