MarketsandMarkets forecasts the biocide market to reach $10.6 billion this year, experiencing a 4.8 percent CAGR between 2015 and 2020. In the paint and coatings industry, which is one of the prominent end-use industries, the use of biocides adds value by protecting the painted surface from microbial contamination due to reopening and closing multiple times while using it for large projects/complexes, according to Grand View Research.
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