Global Water Treatment Biocides Market Insights
The global water treatment biocides market is estimated to witness a high CAGR during the forecast period (2019-2026). Biocides are used in water treatment for the removal of microbes. Increase in growth of power plants is expected to propel the market growth during the forecast period. Also, growing demand from mining and construction industries across the globe is driving the market from 2019 to 2026. However, stringent environmental norms by the government, and volatility in prices of raw materials are likely to hamper the market growth during the forecast period.
Water Treatment Biocides Market: By Product
On the basis of product, the market is segmented into oxidizing biocides, and non-oxidizing biocides. The non-oxidizing biocides segment is expected to grow at a highest CAGR during the forecast period. Non-oxidizing biocides are used in different applications including pulp & paper, oil & gas, pharmaceutical, and personal care among others. The increasing production of oil & gas is one of the major factors expected to drive the market.
Water Treatment Biocides Market: By Application
On the basis of application, the market is segmented into municipal water treatment, oil & gas, power plants, pulp & paper, swimming pools, and mining among others. The mining industry is estimated to account for the largest market share, in terms of both value and volume. Significant rise in mining activities in developing countries such as India, China, and Mexico is expected to create a growth opportunity for water treatment biocides. Growing mining companies and mining activities across the globe are among the major factors driving the market. The oil & gas industry is expected to grow at the highest CAGR between 2019 and 2026. Rising water requirements for shale gas exploration, along with growing investment in infrastructure for water treatment and innovation is expected to boost the market demand. Growing construction industry and expansion of urban cities in developed and developing nations is propelling the market growth.
Water Treatment Biocides Market: By Region
On the basis of region, the market for water treatment biocides is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. North America is expected to witness considerable growth in the water treatment biocides market during the forecast period. Growing mining activities in the region is propelling the market growth. The presence of leading mining companies including Goldcrop, Barrick Gold and Anglo America among others are driving the market in the U.S. The Asia Pacific region is expected to grow at a high CAGR during the forecast period. Growing construction industry in emerging countries including China, India, Japan, South Korea and Singapore among others is propelling the market growth in the region.
Water Treatment Biocides Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are Indian Oil Corporation, China National Petroleum Corporation, and Philips 66 among others.
Water Treatment Biocides Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Water Treatment Biocides Market Share & Competitor Analysis
Some of the key players operating in the market are AkzoNobel, Valtris Specialty Chemicals, Albemarle Corporation, Lonza, Business Segment, Nalco Champion, The Lubrizol Corporation, Baker Hughes Incorporated, BASF SE, Business Segment, BWA Water Additives, GE Water and Process Technologies, Solvay SA, Sigma-Aldrich Corporation, Thor Group Limited, Buckman Laboratories International Inc., Cortec Corporation, Clariant AG, Troy Corporation, Dow Chemical Company, Lanxess AG, Kemira OYJ, and DuPont among others.