Biocides Market in Oil and Gas Applications to cross USD 1 Billion By 2024

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Biocides Market from oil & gas applications may surpass USD 1 billion by 2024. Oil & gas wells and storage zones have certain microorganisms like bacteria that produce hydrogen sulfide which can be explosive and combustible. Strong indicators towards minimizing functional fluids deterioration, corrosion control and growth in oil & gas production rates will boost product demand.

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Food and beverage applications may surpass USD 2.2 billion by 2024. Biocides control the growth and proliferation of microorganisms to enhance hygiene and safety in food & beverage industries. Growth in food processing industries along with favorable regulations regarding the usage of product in order to limit the spread of diseases through food industry will stimulate biocides market growth.

Personal care applications may exceed USD 1.8 billion by 2024. Biocides are used as preservative in personal care and cosmetics industry as they inhibit the microbiological growth in easily perishable products resulting into enhanced product shelf life and consumer safety.

Phenolic based biocides market may witness growth of over 7% by the end of projected period. They are used to preserve aqueous based metalworking fluids in metalworking industry as they have a broad spectrum of activity against both fungi and bacteria. Increase in demand from food packaging, healthcare industries will propel market demand.

LUX Assure, the UK based leading specialist in providing chemical monitoring solutions to the oil and gas industry, has taken a giant leap in biocides market. The company has recently launched the world’s first biocide mapping technology, TraxBioTM, which maps biocidal surfactants in oil and gas systems utilizing the chemical’s propensity to form micelles.

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Europe, led by UK, France, Poland, Italy and Germany biocides market may register growth at over 4.5% by the end of foreseeable timeframe. Growth in pharmaceutical, healthcare and food processing industries along with increase in construction spending in residential sector owing to massive movement of migrants to western countries such as the Netherlands and Germany may stimulate regional industry growth.

Asia Pacific, driven by India and China biocides market is poised to exceed USD 4 billion by 2024. Increase in meat and poultry products consumption along with growing industrial and commercial waste water treatment systems may drive product demand.

Global biocides market share is concentrated with prominent players including Ashland, Dow Chemicals, BASF, Arch Chemicals, Thor Specialties, LANXESS, Troy Corporation, Albemarle, Akzo Nobel, and Nalco Champion.

Major Point From Table Of Content:

Chapter 3 Biocides Market Insights

3.1 Biocides Market segmentation

3.2 Biocides Market landscape, 2013 – 2024

3.3 Biocides Market ecosystem analysis

3.3.1 Vendor matrix

3.3.2 Distribution channel analysis

3.3.2.1 Strategic Alliance

3.3.2.2 Collaboration/partnerships

3.3.2.3 Distributors

3.4 Regulatory landscape

3.4.1 U.S.

3.4.2 Europe

3.5 Industry impact forces

3.5.1 Growth drivers

3.5.1.1 Growth in water demand in Asia Pacific

3.5.1.2 Growth of paints & coating industry in Asia Pacific

3.5.1.3 Blooming oil & gas industry in Middle East & Africa

3.5.1.4 Rising demand for food & beverage industry in U.S.

3.5.2 Industry pitfalls & challenges

3.5.2.1 Strict regulatory framework

3.6 Growth potential analysis

3.6.1 Emerging business model

3.6.1.1 New product launch

3.7 Porter’s analysis

3.8 Company market share analysis, 2016

3.8.1 Strategic dashboard

3.9 PESTEL analysis

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