Biocides Market Share, Size, Trends, Industry Analysis Report, By Product (Halogen Compounds, Metallic Compounds, Organosulfur, Organic Acids, Quaternary Ammonium Compound, Phenolic, Nitrogen, Glutaraldehyde); By Application; By Region; Segment Forecast,

Biocides Market Share, Size, Trends, Industry Analysis Report, By Product (Halogen Compounds, Metallic Compounds, Organosulfur, Organic Acids, Quaternary Ammonium Compound, Phenolic, Nitrogen, Glutaraldehyde); By Application; By Region; Segment Forecast, 2021 - 2028

The global biocides market size is expected to reach USD 14.81 billion by 2028 according to a new study by Polaris Market Research. The report “Biocides Market Share, Size, Trends, Industry Analysis Report, By Product (Halogen Compounds, Metallic Compounds, Organosulfur, Organic Acids, Quaternary Ammonium Compound, Phenolic, Nitrogen, Glutaraldehyde); By Application; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global market is mainly driven by the factors such as the increased adoption of biocides in areas such as water treatment, food & beverages industry, paints and coating industry, oil and gas industry, wood preservation, and personal care. The need to comply with environmental norms in developed nations leads to new product development, which will hugely influence the growth of the global market in the coming years.

Biocides are used in the marine coating industry as the chances of microbial growth increase in shipping vessels, and new anti-fouling paint under the trademark Armanda has been developed for marine coating. This anti-fouling contains Ultima crust-remover silicon marine coating, and it also controls the release rate of the product. Increased application of the product in various industries is expected to fuel the growth of the industry.