1,2Benzisothiazolin3-One
(BIT) Market
1,2-Benzisothiazolin-3-One (BIT) Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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1,2-Benzisothiazolin-3-One (BIT) Market Size and Growth
The 1,2-Benzisothiazolin-3-One (BIT) market is experiencing steady growth, driven by its application in biocides and preservatives. Current market size estimates range around USD 100 million, with projections indicating a compound annual growth rate (CAGR) of 5% through the upcoming years, influenced by increasing demand in various industries.
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Companies Covered
(Covid 19 Impact Covered)
◍ Arxada
◍ Lanxess
◍ Troy Corporation
◍ Vink Chemicals
◍ Lianyungang Hualun Chemical
◍ IRO Group
The 1,2-Benzisothiazolin-3-One (BIT) market features companies like Arxada, Lanxess, Troy Corporation, Vink Chemicals, Lianyungang Hualun Chemical, and IRO Group. They leverage BIT as a preservative and biocide in various applications, driving market growth through innovation and product development. Sales revenue figures include:
- Arxada: $2.5 billion
- Lanxess: $8.6 billion
- Troy Corporation: $300 million
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Market Segmentation
By Application
Polymer Emulsion
Paints and Coatings
Adhesive
Household Products
Other
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By Product
Solid
Liquid
Market Growth
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$ X Billion USD
