Technavio Announces the Publication of its Research Report Global Biocides and Disinfectants Market 2017-2021
Technavio recognizes the following companies as the key players in the global biocides and disinfectants market: Akzo Nobel, BASF, Clariant, Kemira, and The Dow Chemical Company.Other Prominent Vendors in the market are: Albemarle Corporation, Baker Hughes, BWA WATER ADDITIVES, Cortec, FMC, GE Water and Process Technologies (GE), LANXESS, Lonza, NALCO Champion, Shandong Taihe Water Treatment Technologies, Stepan, The Lubrizol, Thor, Troy, and WeylChem International.Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is Increasing focus on research and development (R&D). Players in the market invest heavily in the R&D of biocides and disinfectants and introduce products with enhanced functionalities and improved efficiency.
These products help in waste water treatment. Development of new varieties of biocides and disinfectants drives market growth.
The market is highly price sensitive, and the key players offer product differentiation through innovations.
In the present scenario, a large number of players focus on innovations that improve quality and reduce the cost of production. The vendors have developed technologies and solutions that have led to an increase in the number of patents.
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According to the report, one of the major drivers for this market is Increasing population and rising demand for clean water. Rising population across the globe increases the demand for clean water, which drives the global biocides and disinfectants market.
It is estimated that the global population will increase by around 35% during 2015-2050, which will increase the demand for water by more than 50%. By 2050, the global population will reach 9.2 billion.
A majority of the current population does not have access to clean water. According to the UN, around 783 million people do not have access to safe water.Further, the report states that one of the major factors hindering the growth of this market is Growing preference for alternate technologies over chemicals.
Increasing preference for alternate water treatment technologies poses a serious challenge to the global biocides and disinfectants market. The chemical treatments include UV disinfection, ultrafiltration, and ion exchange technologies.
Consumer awareness about severe health issues caused by chemicals hinders market growth.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Biocides and DisinfectantsBiocides and disinfectants are chemicals or physical agents that are used to inhibit the growth of pathogenic microorganisms. They are used to kill harmful organisms and resist bacteria and fungus.
These chemicals help eliminate suspended substances or impurities from contaminated water, thereby making it suitable for domestic and industrial uses. They are useful in treating ground water, sea water, municipal drinking water, and industrial waste water.Technavios analysts forecast the global biocides and disinfectants market to grow at a CAGR of 5.38% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global biocides and disinfectants market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
ROWTechnavio's report, Global Biocides and Disinfectants Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
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The Dow Chemical CompanyOther prominent vendors
BWA WATER ADDITIVES
GE Water and Process Technologies (GE)
Shandong Taihe Water Treatment Technologies
WeylChem InternationalMarket driver
Increasing population and rising demand for clean water
For a full, detailed list, view our report Market challenge
Growing preference for alternate technologies over chemicals
For a full, detailed list, view our report Market trend
Increasing focus on research and development (R&D)
For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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