BIOCIDES MARKET ANALYSIS

Key Takeaways from Analyst

The global biocides market is expected to witness steady growth driven by the rising concerns regarding water treatment and increasing requirement in various end-use industries such as food & beverage, paints & coatings. Furthermore, the growing construction activities along with rising awareness pertaining to hygiene and public health are further expected to support market growth. However, stringent regulations regarding the use of certain biocides along with availability of substitutes may hamper the growth of the market during the forecast period.

North America region dominates the biocides market led by countries like the U.S. and Canada. This trend is likely to continue mainly due to increasing per capita income, rapid urbanization and rising spending on infrastructure development. Europe is also anticipated to offer lucrative opportunities for biocides manufacturers owing to strict legislative framework regarding water treatment in the region.