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Water Treatment Biocides Market worth $4.7 billion by 2024, at a CAGR of 6.2%

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Water Treatment Biocides Market worth $4.7 billion by 2024, at a CAGR of 6.2%

September 11
21:59 2020
Water Treatment Biocides Market worth $4.7 billion by 2024, at a CAGR of 6.2%

Browse 113 market data Tables and 40 Figures spread through 161 Pages and in-depth TOC on “Water Treatment Biocides Market”
Water Treatment Biocides Market by Product Type (Oxidizing Biocides, Non-Oxidizing Biocides), Application (Oil & Gas, Municipal Water Treatment, Power Plants, Mining, Pulp & Paper, Swimming Pools), and Region

The global water treatment biocides market size is projected to reach USD 4.7 billion by 2024 from the estimated USD 3.5 billion in 2019, at a CAGR of 6.2%. 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 urbanization are driving the demand for potable water, which in turn is estimated to boost the water treatment biocides industry.

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The non-oxidizing biocides segment led the water treatment biocides market

Non-oxidizing biocides led the product type segment of water treatment biocides industry, in 2018, in terms of value. The growing demand for non-oxidizing biocides, such as glutaraldehyde, isothiazolinones, and quaternary ammonium compounds in applications, such as oil & gas, pulp & paper, and power plants are driving the market in this segment.

Oil & gas was the largest application of water treatment biocides 

Oil & gas was the largest application of water treatment biocides, in terms of value, in 2018. Oil & gas is a water-intensive industry, and the need for microbial control for operational efficiency is driving the demand for water treatment biocides in this industry. In addition, increasing oil & gas production in North America and the Middle East is another factor driving the market in this application segment.

Europe was the largest market for water treatment biocides in terms of value in 2018. This is owing to the higher price of water treatment biocides backed by stringent regulations by Biocidal Products Regulations (BPR). In addition, the presence of major manufacturers in the region, such as SUEZ (France), BWA Water Additives (UK), Kemira Oyj (Finland), Veolia (France), Nouryon (Netherlands), and LANXESS Group (Germany), is another factor driving the demand for water treatment biocides in the region.

The key market players profiled in the report include DuPont (US), Solenis (US), Ecolab Inc. (US), SUEZ (France), BWA Water Additives (UK), Kemira Oyj (Finland), Veolia (France), Innovative Water Care (US), Nouryon (Netherlands), LANXESS Group (Germany), Albemarle Corporation (US), and ICL Group (Israel), among others.

DuPont (US) is one of the largest manufacturers of water treatment biocides for the oil & gas application. The company focuses on the strategy of new product launch in order to strengthen its product portfolio and position in the water treatment biocides market. For instance, in October 2018, the company launched two new biocides, i.e., AQUCAR TN 250 LT Water Treatment Microbiocide and AQUCAR 7140 LT Water Treatment Microbiocide, to provide microbial control below minus 40°F. In addition, in August 2017, the company launched AQUCAR GA 50 Water Treatment Microbiocide for use in offshore oil & gas operations.

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