Global Biocides Market Analysis, Leading Players, Growth and Future Scope
The global biocides market is further projected to advance at a 4.4% CAGR during the forecast period by P&S Intelligence.
By: P&S Intelligence
Owing to the disinfectant property of biocides, these are widely used to treat water and are also applied in the production, storage, and transportation of water. These compounds can act as disinfectants and anti-fouling agents for impeding the growth of harmful organisms like protozoans, viruses, and bacteria. Thus, biocidal products are being increasingly used in Indonesia, China, the U.S., and India, to meet the high requirement for portable water. Therefore, the biocides market will grow at 4.4% CAGR during 2019–2024, to reach 1,376.6 kilotons by 2024 from 1,062.3 kilotons in 2018.
According to P&S Intelligence, the Asia-Pacific biocides market (https://www.psmarketresearch.com/
Thus, the burgeoning consumption of consumer goods and the escalating requirement for portable water will propel the adoption of biocides in several end-use industries.