Economic Growth in Local Biocide Market

Mexico’s Economic Growth Fuels Expansion in Local Biocide Market

Following a year of positive GDP growth, Mexico has seen a favorable expansion in its biocides business. Gaining from increased consumption in key end-use market applications such as paints and coatings, latex emulsions, and cosmetics and toiletries, among others, the biocide market has started recovering after the economic recession and reached nearly 18,000 tonnes in 2010, according to latest research study Specialty Biocides 2011: Mexico Market Analysis and Opportunities from worldwide consulting and research firm Kline & Company.

While water treatment is the leading volume application group for biocides, Mexico’s dynamic biocide market is also being boosted by increased awareness for health, safety, and environmental concerns. Since the recent widespread outbreak of the H1N1 virus in Mexico, stricter hygiene and disinfection practices have been adopted in the consumer and institutional sector, stimulating sales for disinfectants, and sanitizers. Mexico is also the world’s tenth largest car producer and leading companies in the sector, such as Comex, Sherwin Williams, and Akzo Nobel, are establishing new plants, expanding their biocides businesses through the acquisition of minor local players. Read full article here…

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