Biocides are chemical agents like herbicides or pesticides that are capable of destroying living organisms. Biocides are used as additives in polymers to destroy fungi, bacteria, and marine organism. Use of biocides in rubbers and plastics helps to reduce the cost and cleaning efforts. Biocides are widely used in various industries like water treatment, hospitals, home care, food processing and others. The global market for antioxidants is growing at a significant rate. North America represents the largest regional market in the biocides market and holds 45% of global market share by revenue. Asia-Pacific represents the fastest growing market with a high demand from emerging countries like India and China.