Biocides Market to Reach $20.7 Billion by 2027 at 6.8% CAGR: AMR

Portland, OR, June 03, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global biocides market generated $12.7 billion in 2019, and is estimated to reach $20.7 billion by 2027, registering a CAGR of 6.8% from 2020 to 2027. The report offers an extensive analysis of the changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.Rise in demand for clean water for domestic/industrial purposes and surge in end users drive the growth of the global biocides market. However, environmental regulations on toxic biocides and variation in the prices of raw materials hinder the market growth. On the other hand, market opportunity for silver-based biocides and development of total organic biocide system create new opportunities in the coming years. Request Report Sample at: scenario:

The raw material shortages for disinfectants have urged the suppliers to contemplate using other biocidal ingredients. However, the process and utilization of biocidal products differ region to region.

In Slovenia, the Slovene Chemical Office initiated to issue permit to produce disinfectants with certain biocidal products.

In Belgium, on the other hand, the competent authorities have initiated to progress with biocidal products followed by the grant of temporary authorizations.

Get Detailed COVID-19 Impact Analysis on the Biocides Market @:
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