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Global Biocide Market (Bactericides, Quaternary Amine Salt, Amine Acetate, Gluteraldehyde) Worth $9.4 Billion by 2016 - New Report by MarketsandMarkets
Date:9/18/2013

to protect the paint from spoilage during storage and also to prevent fungi and algae from growing on the applied paint. The damage to surfaces coated with paint and coating materials is due to microbial attack has always been an area of concern to the industry. They are also used in polymers for preventing the growth of bacteria or fungi and also to prevent degradation of polymer physical and sensorial properties, both within the material and at its surface.

The global market for biocide in terms of revenue was estimated to be worth $7.2 billion in 2010 and is expected to reach $9.4 billion by 2016, growing at a CAGR of 4.3% from 2011 to 2016. North America dominated the global biocide market, accounting for 45.0% of the global biocide demand in 2010. Asia-Pacific is expected to be the fastest growing market in the near future owing to the rapid advancement and increasing demand from key countries such as China and India. European biocide market is smaller than North America and Asia-Pacific markets both in terms of value and volume on account of regulations.

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