INCREASE IN BIOCIDE DEMAND
According to The Freedonia Group, Inc., the demand for biocides is expected to increase 5.3 percent annually to $2.3 billion in 2006 in the United States. Two of the main forces in this growth in demand are the heightened awareness of the dangers associated with bacterial growth and the shift within the biocide product mix that offers broad-spectrum effectiveness and minimal toxicity for better environmental practices.
However, the biocide industry is also undergoing a number of changes. In several markets, products will be affected by regulatory changes, which will damage some products' anticipated sales while strengthening the outlook for others. The most widely reported change deals with chromated copper arsenate (CCA), a specialty biocide used in wood preservation. An agreement between the Environmental Protection Agency (EPA) and CCA producers to remove CCA-treated wood from the residential market at the end of 2003 will reduce the presence of CCA. Until then, the most likely substitute for CCA in residential decks and fences will be alkaline copper quaternary (ACQ) and building materials that do not require chemical preservation.
Source: The Freedonia Group, Inc.
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