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U.S. Biocides market to trace exponential gain till 2026

Author : Ravi Chawat | Published Date : 2021-04-23 

North America Biocides market is likely to cross USD 6 billion by the end of 2026. Biocides are also used for transmitting, storing and extracting natural gas. With the growing demand for natural gas in electrical, automobiles, manufacturing and other general applications, the insistence on biocides is likely to propel in North America.

A growing number of marine vessels across the globe will boost demand for the product, due to its effective applications in marine fleets. For instance, China has the maximum number of marine fleets amounting to 5,206, which is expected to increase in the coming years owing to rising coastal border security concerns in the region. According to Global Market Insights, Inc., global biocides market size is expected to grow substantially in the forthcoming years.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/150

Biocidal wood preservation products protect the timber from insect infestations in wood that multiply and further deteriorate the sheer strength as the years pass on. Growing demand for sustainable wood products to manufacture durable furniture products coupled with the indispensable wood usage across the construction industry will foster biocides market penetration in the region.

Based on applications, the biocides market is categorized into food & beverage, water treatment, wood preservation, personal care, HVAC, paints & coatings, oil & gas, boilers, fuels, and others. HVAC product demand is likely to be augmented by the increasing safety concerns and strict government norms on workplace hygiene and safety.

Europe is predicted to experience significant consumption of biocides owing to growing insistence on antimicrobial personal care products and cosmetics. The high geriatric population in the region has increased the demand for cosmetic products. Furthermore, the young generation seeks cosmetic solutions with quick results. The usage of biocides in manufacturing processes has increased product demand owing to their purifying and high sanitization characteristics.

Endorsed as one of the integral verticals of bulk and specialty chemicals sphere, the global biocides market has seen a slew of advanced and upgraded product rollouts by the prominent leading players including DOW chemicals, BASF, Troy Corporation, and others over the past years. Biocides essentially boast of myriad antifungal, antibacterial, and antimicrobial properties which undeniably support in providing safe water for various applications.

As per the statistics released by the United Nations, the amount of wastewater produced yearly accounts to nearly 1500 cubic km which measure to approximately six times more than the amount of water present in rivers globally. Undeniably, these statistics have raised huge concerns pertaining to the treatment of wastewater.

Speaking in the terms of water treatment, the predominance of the water treatment application sector is quite evident from the remarkable demand of biocides across the segment. The fundamental driver fueling the rising biocide trends across this segment would include the expanding demand for treated water to suffice the livestock farming along with agribased business. 

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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