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Water Treatment Biocides Market Anticipated to Grow with an Attractive CAGR of 5.7% During 2020 to 2027

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Water Treatment Biocides Market Anticipated to Grow with an Attractive CAGR of 5.7% During 2020 to 2027

February 08
13:20 2021
Water Treatment Biocides Market Anticipated to Grow with an Attractive CAGR of 5.7% During 2020 to 2027
The water treatment biocides market was valued at US$ 3,723.67 million in 2019, and it is expected to grow at a CAGR of 5.7% from 2020 to 2027, to reach US$ 5,754.43 million by 2027.

Water treatment biocides are used to control the microbial growth in water bodies. Water treatment biocides have been gaining increasing importance across the globe owing to their wide range of applications, ranging from swimming pools and municipality water treatment to water treatment in various industries, such as oil & gas, power plants, mining, and pulp and paper. Uncontrolled microbial growth can lead to several complications, such as breakdown of chemicals, health hazards, heat transfer losses, development of biofilms, and under-deposit corrosion.

The global water treatment biocides market is concentrated with a few well-established players; these players are Albemarle Corporation; Dupont de Nemours, Inc.; Solenis, Ecolab Inc.; Innovative Water Care LLC.; Kemira OYJ; Nouryon; Suez; Veolia; and Italmatch Chemicals SpA, among others.

Get a Sample Copy of this report: https://www.theinsightpartners.com/sample/TIPRE00008134/

Rising Demand from Numerous End-User Applications to Escalate Market Growth

Water treatment biocides are chemical agents used in water treatment processes. They are synthesized to eliminate microorganisms of all life stages and sizes. They are formulated to control the microbial growth in potable water, process water, open cooling systems, and down water services. The oil & gas industry is fueling the growth of the global water treatment biocides market to a greater extent. The oil & gas segment is expected to lead the market over the forecast period. Moreover, rising oil & gas exploration activities in countries, including Canada and the US, are fueling the demand for water treatment biocides in the oil & gas industry. Municipal water treatment, mining, and swimming pools are some of the niche applications where the water treatment biocides market has witnessed astonishing growth over the past few years. Increasing use of non-oxidizing biocides in pulp & paper industry and power plants is expected to create lucrative opportunities for the market players.

The COVID-19 pandemic originated in Wuhan, China, in December 2019, and since then, it has spread across the globe at a fast pace. The US, Russia, India, Italy, Brazil, China, Spain, France, and Germany are among the worst-affected countries in terms of confirmed cases and reported deaths. The pandemic has affected economies and industries due to enforced lockdowns, travel bans, and business shutdowns. Chemical and Materials is one of the world’s major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. The global economic breakdown due to COVID-19 is also affecting the growth of the water treatment biocides market due to shutting down of factories and obstacles in supply chain.

Strategic Insights

Several strategies are commonly adopted by companies to expand their footprint worldwide. Albemarle Corporation; Dupont de Nemours, Inc.; Solenis; Ecolab Inc.; Innovative Water Care LLC; Kemira OYJ; Nouryon; Suez; Veolia; and Italmatch Chemicals SpA are among the key players operating in the global water treatment biocides market implementing strategies to enlarge the customer base and gain significant share, which, in turn, allows them to maintain their brand name globally.

Purchase a copy of this report: https://www.theinsightpartners.com/buy/TIPRE00008134/

The report segments the global water treatment biocides market as follows:

By Product Type

  • Oxidizing Biocides
  • Non-Oxidizing Biocides

By Application

  • Municipal Water Treatment
  • Oil & gas
  • Power Plants
  • Pulp and Paper
  • Mining
  • Swimming Pools
  • Others

Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: https://www.theinsightpartners.com/pr/water-treatment-biocides-market


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