1. Increasing demand for biocides in water treatment applications, especially in emerging economies, is driving growth in the biocides market.
2. Growing awareness about the importance of hygiene and sanitation in various industries such as healthcare, food and beverages, and household is expected to boost the demand for biocides.
3. Stringent regulations regarding the use of biocides in different applications, coupled with the need for sustainable and environmentally friendly solutions, are creating opportunities for innovation and growth in the biocides market.
Industry
Report Coverage | Details |
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Segments Covered | Product, End-Use |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Troy, Chemtreat, Neogen, Finoric LLC, Shanghai Zhongxin Yuxiang Chemicals Co.., Iro Group, Hubei Jinghong Chemicals Co.., Wuxi Honor Shine Chemical Co.., Albemarle, Lubrizol, BASF SE, Solvay SA, Lanxess AG, Lonza |
1. Fluctuating prices of raw materials used in the production of biocides are likely to restrain the market growth.
2. Health and environmental concerns related to the use of certain biocides, along with stringent regulations on their usage, may act as restraints on the growth of the biocides market.