North America Biocides Market Worth $4.42 Billion by 2020
PUNE, India, January 12, 2016 /PRNewswire/ --
According to the new Market Research Report "North America Biocides Market By Type (Halogen Compound, Metallic Compound, Organosulfur & Others), By Application (Water Treatment, Food & Beverage, Personal Care & Others), By Geography (U.S., Canada & Mexico) - Analysis and Forecast To 2020", the North America biocides market was valued at USD 3.33 billion in 2014 and is projected to reach USD 4.42 billion by 2020, at a CAGR of 4.8%. The U.S. accounted for a share of 79.0% of the North America biocides market, in terms of volume, in 2014.
Browse through the TOC of North America Biocides Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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The Mexico biocides market is the fastest-growing in North America, and this trend is expected to continue in the near future. The middle class population is demanding better quality cosmetic products. This has increased the demand of biocides in the personal care segment. Overall, large government infrastructure projects and the H1N1 influenza outbreak have increased the demand for biocides in the country.
The Canadian biocides market is the second-largest in North America. Wood preservation is an important application in Canada. Its strong timber industry is affected by the brown-rot fungi, which is a major microbe causing biodeterioration.
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Water treatment is projected to be the largest and the third fastest-growing application segment in the North America biocides market between 2015 and 2020, in terms of value. This application is dominated by the chlorine-based biocides. Chlorine dioxide (CIO2) is used for oxidative and petrochemical applications, and for water deodorization and disinfection. Biocides used in water treatment inhibit the growth of algae, bacteria, yeasts, and fungi in water used for industrial applications. Food & beverage is the second-largest application segment. Biocides perform a dual function of preventing the spoilage of food and prevention of food-borne illness. They are applied on the surfaces, in food and water containers and equipment. Wood preservation is the third-largest application segment in the North America biocides market. Wood preservation biocides are used in residential construction and other outdoor applications. In above-ground and ground contact applications, various biocides are used to control fungal growth.
Key Players of the North America Biocides Market include:
Lonza Group Ltd. (Switzerland), Dow Chemical Company (U.S.), Troy Corporation (U.S.), Thor Group Limited (U.K.), Akcros Chemicals Ltd. (U.K.), Sciessent LLC (U.S.), Sanitized AG (Switzerland), Microban International Ltd. (U.S.), AkzoNobel N.V. (The Netherlands), Solvay SA (Belgium) and Lubrizol Corporation (U.S.) among others and so on.
Among types, the halogen compounds segment is the largest, in terms of volume. Fluorine and chlorine are more electronegative and aggressive halogenating agents. Bromine is a weaker halogenating agent than both fluorine and chlorine. The organic acids market, the second-largest type-segment in terms of volume, is growing on account of their increasing consumption in food preservation due to their ability to control bacteria.
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