Biocides Market Trends, Size, Development, Analysis and Opportunity by 2028
The global biocides market size is expected to reach USD 9,914.2 million by 2028, exhibiting a CAGR of 4.2% between 2021 and 2028. The growing adoption of innovative solutions in the medical industry will contribute positively to the market growth during the forecast period, states Fortune Business Insights, in a report, titled “ Biocides Market, 2021-2028” The market size stood at USD 7,195.1 million in 2020. Production in various sectors has been terminated due to the economic outage. This has resulted in a drop in sales volume and supply chain disruptions and a halt in paint & coatings shipments, considerably restricting thismarket. However, companies are introducing strategies to cope with the current situation, which, in turn, will incite the development of the global market in the forthcoming years. Acquisition of INTACE by LANXESS to Foster Growth LANXESS, a specialty chemicals firm, purchased INTACE SAS, a French firm, to expand its market share as one of the