Catherine Diamond, Associate Editor12.18.15
Biocides – which play an integral role in the paint and coatings, water treatment, wood preservation, and food and beverage industries – has sustained healthy growth over the last few years, and is expected to continue to do so through at least 2020.
According to a report by research firm Markets and Markets, the aforementioned industrial markets are expected to significantly boost the demand for biocides. The newer breed of biocides, the report states, have lesser environmental impact and better performance features – key drivers of the biocide market. Growth in water treatment is driving the global biocide market, given that the water treatment industry is dependent upon total global water consumption. Markets and Markets found that the water treatment segment held approximately 25.6 percent the global market share in 2014 in terms of volume.
“The increasing demand for treated municipal and industrial water from end-use industries is driving the market for biocides. The increased emphasis on clean water by the governments of both the developed and developing nations paves the way for the growth of biocides,” the report state
According to a report by research firm Markets and Markets, the aforementioned industrial markets are expected to significantly boost the demand for biocides. The newer breed of biocides, the report states, have lesser environmental impact and better performance features – key drivers of the biocide market. Growth in water treatment is driving the global biocide market, given that the water treatment industry is dependent upon total global water consumption. Markets and Markets found that the water treatment segment held approximately 25.6 percent the global market share in 2014 in terms of volume.
“The increasing demand for treated municipal and industrial water from end-use industries is driving the market for biocides. The increased emphasis on clean water by the governments of both the developed and developing nations paves the way for the growth of biocides,” the report state
Continue reading this story and get 24/7 access to Coatings World for FREE
FREE SUBSCRIPTION
