Biocide Market - Latin America Industry Analysis and
Opportunity Assessment, 2014 - 2020: Future Market Insights
Biocides are the chemicals or certain metals which are used to kill different categories of
micro-organisms at different life stages. Biocides are widely used in drinking and waste
water treatment, healthcare and the consumer goods industry. Consumer products include
cosmetics, cleaning products, detergents, some toothpastes and general disinfectant
products. In addition, biocides are used in food industry at a sub-lethal level to act as
preservatives which impart a longer shelf life.
There is an increased demand for bromine and its derivatives from the enduse sectors such
as agriculture, oil & gas, textile, electronics, ship & automotive, pharmaceutical and water
treatment plants. The biocide market can be segmented by type as metallic compounds,
halogen-based derivatives, organic acids, organ sulphurs, and phenol-based compounds.
Glutaraldehyde and sodium hydroxide are some other types of biocides. Biocide will finds
its highest growth in the wastewater treatment sector (one-fourth of market revenue)
followed by the food & beverages industry, the personal care segment and metalworking
Halogen compounds are the most common type of biocides used in large number of
industries followed by organic acids. They account for nearly one-fourth of the total
biocide market share. Various enduse industries such as water and wastewater
treatment plants, paper and pulp industries, and cooling systems usehalogen-based
biocides in their daily operations. Organic acid is the next type of biocide which
accounts for thesecond largest share in thebiocidesmarket. Greater concern over public
health willdrive the demand for phenol-based biocides at a CAGR of 6.8% (2014-2020) in
hospitals, railway stations, retail outlets and other public places.
Geographically, North America with 40% share in the global...