The report "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 - Global Forecast to 2024", size is projected to reach USD 4.7 billion by 2024, at a CAGR of 6.2% during the forecast period.
Browse 113 market data Tables and 40 Figures spread through 161 Pages and in-depth TOC on "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 - Global Forecast to 2024"
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Water treatment biocides are active substances or chemicals used to destroy or prevent the growth of any microorganisms, such as bacteria and fungi. Water treatment biocides are used in water-intensive applications, where the growth of microorganisms can create problems, such as microbially influenced corrosion (MIC) and anti-fouling, among others.
The non-oxidizing biocides segment is estimated to witness a higher CAGR in terms of value during the forecast period.
This is owing to their increasing usage in municipal water treatment, pulp & paper, and swimming pool applications. With the increase in population, rapid urbanization, growing scarcity of water, and decline in groundwater levels and growing need to recycle water, the demand for water treatment biocides is increasing.
Oil & gas was the largest application of water treatment biocides in 2018.
Oil & gas was the largest application of water treatment biocides, in terms of value, in 2018. This is owing to the higher price of water treatment biocides used in the oil & gas application when compared to that of the same used in the municipal water treatment application (which is a volumetric market). Various types of biocides that are used in all these areas are Glutaraldehyde, Tetrakis (hydroxymethyl) phosphonium sulfate (THPS), and 2, 2-dibromo-3-nitrilopropionamide (DBNPA), among others.
Europe led the water treatment biocides market in 2018.
Asia Pacific is the largest market for water treatment biocides, in terms of volume globally, with China being the dominant market in the region. The industrial sector of Asia Pacific is huge, and this is driving the demand for water treatment biocides in the region. Sectors such as paper & pulp, mining, and power generation, among others, are growing in the region due to the increasing population and rapid urbanization. Asia Pacific is one of the fastest-developing markets, mainly due to the population growth and gradual rise in awareness regarding the reuse of wastewater.
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.
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