Biocides Market Analysis, Strategies and Forecasts, 2016 to 2024

Expanding at a CAGR over 5%%%% during the forecast period (2016-2024), the global biocides market is projected to reach nearly USD 12980.8 million by 2024. Factors fuelling the industry are increasing awareness and stringent environmental regulations. Industrialization and urbanization in emerging nations contributes to industrial growth. Health awareness and the need for potable water will positively influence the industry. The need for potable water arises from industrial and domestic applications. Demand for biocides in water treatment owes to a rapidly growing global population. Biocides are either natural or synthetic compounds that are used as antimicrobial, antifouling & disinfecting agents, and pesticides. Halogens like acrolein, amines, bromine & chlorine, copper salts, iodine, metals, organosulfur, and quaternary ammonium salts are the major raw materials used to make this product.