Global Biocides Market: Key Highlights
Global Biocides Market: Key Market Dynamics
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Global Biocides Market: Regional Overview
North America is expected to account for the largest share in the global biocides market during the forecast period. This is owing to the presence of a large number of companies in the region, specialising in nearly every industry including food and beverages, water purification and painting and coating, all of which are the largest consumers of biocides. Due to the aging of the existing water and wastewater treatment units in the country, the US Environmental Protection Agency (USEPA) is emphasizing on the improvement of water and sewage services, especially in the municipal wastewater treatment.
Asia-Pacific is expected to grow at a higher CAGR of the biocides market during the forecasted period, owing to, heavy demand for treated water in China, India, and Southeast Asian countries for residential and industrial applications. The industrial capacity of these countries is also increasing at a considerable rate, which, in return, is expected to propel the demand for biocidal products in the region.
Global Biocides Market: Key Players Overview
BASF SE is one of the leading chemical company across the globe. The Company’s portfolio comprised of six business segments including Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. The Chemicals segment consists of the Petrochemicals and Intermediates divisions. The Materials segment consists of Performance Materials and Monomers divisions. BASF SE has Approximately 3,000 research project and 361 production plant worldwide. BASF offers a strong and effective range of biocides marketed under the Protectol and Myacide trade names.
Akzo Nobel N.V. is a Netherland based one of the leading manufacture and sale of coating and paint products company. The company majorly operates through two business segments namely, decorative paints and performance coatings. The Decorative Paints segment manufactures and supplies a range of interior and exterior decoration and protection products for professional and do-it-yourself markets. The performance coatings segment serves to automotive and aerospace and other industrial application. .
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