The growing scarcity of water and the presence of stringent regulations regarding the use of biocidal products are expected to drive the water treatment biocides market. In addition, the growing population, and increasing urbanisation are driving the demand for potable water, which in turn is estimated to boost the water treatment biocides industry.
Seattle, WA -- (SBWIRE) -- 12/04/2019 -- The increasing use of Water Treatment Biocides in various applications such as oil & gas, municipal water treatment, power plants, mining, pulp & paper, and swimming pools, among others, is expected to drive the market growth. Europe was the largest market for water treatment biocides in 2018, followed by APAC, North America, the Middle East & Africa, and South America.
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The Non-Oxidising Biocides segment is projected to lead the water treatment biocides in terms of value during the forecast period. This is owing to their comparatively higher prices than that of oxidising biocides. In addition, the growing use of non-oxidising biocides in applications, such as oil & gas, power plants, and pulp & paper in driving the market.
The oil & gas application segment is projected to lead the global water treatment biocides market during the forecast period, in terms of value. There is a growing demand for water treatment biocides, such as glutaraldehyde and tetrakis hydroxymethyl-phosphonium sulfate (THPS) in the oil & gas application. In addition, increasing oil & gas exploration in countries such as the US and Canada is driving the demand for water treatment biocides in the oil & gas application.
North America is expected to account for the largest share of the water treatment biocides market during the forecast period, in terms of value. The presence of major manufacturers such as DuPont, Ecolab Inc., Solenis, Innovative Water Care, and Albemarle Corporation, in the region has a positive impact on the market. In addition, the growing scarcity of water and need to reuse water are increasing the demand for water treatment biocides in the region.
The key players profiled in the water treatment biocides market report include as DuPont (US), Ecolab Inc. (US), Solenis (US), SUEZ (France), Innovative Water Care (US), BWA Water Additives (UK), Kemira Oyj (Finland), Veolia (France), Nouryon (Netherlands), Albemarle Corporation (US), LANXESS Group (Germany), and ICL Group (Israel).
Key Questions addressed by the report
- What are the major developments impacting the water treatment biocides market?
- Where will all the developments take the industry in the mid to long term?
- What are the emerging applications of water treatment biocides?
- What are the major factors expected to impact the water treatment biocides market growth during the forecast period?
- How is the demand for water treatment biocides growing in various product types?
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