Global biocide market worth
$9.4 billion by 2016
The report, “Global Biocide Market - By
Types, Applications, Trends & Forecast
(2011 - 2016),” published by Market-sandMarkets, defines and segments the
global biocide market with analysis and
forecasting of the global volume and revenue for biocides. It also identifies driving and restraining factors for the global
biocide market with analysis of trends,
opportunities, burning issues, winning
imperatives, and challenges. The market
is segmented and revenue are forecasted
on the basis of major regions such as
North America, Europe, Asia-Pacific, and
Rest of the World (ROW). The key countries are covered and forecasted for each
region. Further, the market is segmented
and revenue are forecasted on the basis
of applications.
Biocides are widely employed in water
treatment, wood preservation, paints and
coatings, food and beverage, and the personal care industry. These rapidly growing
industrial markets for biocides are expected
to boost the demand for biocides. These
newer breed of biocides, which have lesser
environmental impact and better performance features are key drivers of the biocide
market. The market is also witnessing an increase in demand for environmentally
friendly products.
Growth in water treatment is driving the
global biocide market, since the water treatment industry is dependent upon the consumption of water across the globe. Entry
of environmentally friendly biocide products has also aided the growth of biocide
market.
Biocides are also used as additives in
paint industry, to protect the paint from
spoilage during storage and also to prevent
fungi and algae from growing on the applied paint. The damage to surfaces coated
with paint and coating materials is due to
microbial attack has always been an area of
concern to the industry. They are also used
in polymers for preventing the growth of
bacteria or fungi and also to prevent degradation of polymer physical and sensorial
properties, both within the material and at
its surface.
The global biocide market in terms of
revenue was estimated to be worth $7.2 bil-
lion in 2010 and is expected to reach $9.4
billion by 2016, growing at a CAGR of 4. 3
percent from 2011 to 2016. North America dominated the global biocide market,
accounting for 45 percent of the global biocide demand in 2010. Asia-Pacific is expected to be the fastest growing market in
the near future owing to the rapid advancement and increasing demand from
key countries such as China and India. The
European biocide market is smaller than
North America and Asia-Pacific markets
both in terms of value and volume on account of regulations.
GIA says growth in end-use
markets drives the pigments
dyes industry
The market for pigments and dyes responds to the coloring needs of a wide
range of end-use industries, ranging from
paints and coatings to construction. With
robust demand in key markets of paints
and coatings, plastics, paper and printing
inks, the pigments market is forecast to
register steady growth in the coming
years, according to a new report titled,
“Pigments and Dyes: A Global Strategic
Business Report,” published by Global Industry Analysts Inc.
Aided by a choice for brighter aesthetics and higher pigment concentration, the
pigments industry is expected to propel
ahead at a steady rate. The industry is witnessing a fundamental shift in the form of
greater preference for high performance
metal-based inorganic pigments, and away
from solvent-based raw materials. The dyes
market, meanwhile, largely depends upon
the fortunes of its principal end-user, Textiles, which account for about 70 percent of
the total demand.
After a brief decline in volume and values, in 2008 and 2009, which was a result
of the global economic downturn, the future for global pigments and dyes market
appears to be bright. Global market for
pigments and dyes began to show signs of
recovery in 2009 and registered positive
growth in 2010, albeit by a small margin.
The market, however, is expected to post
significant growth in terms of volume as
well as value in the coming years. Surge in
the coming years would be fueled by
growth in the paints, inks, coatings, and
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