Market Introduction
Water treatment biocides are used to control the microbial growth in water bodies. Biocides have found a wide range of applications ranging from swimming pools and municipality water treatment to industrial water treatment such as oil & gas, power plants, mining, paper, and pulp. The water treatment biocides have been gaining increasing importance all over the Asia Pacific region, owing to its wide range of applications. Complications that occurred due to uncontrolled microbial growth can range from the breakdown of chemicals, health hazards, heat transfer losses, the development of biofilms, restriction of flow, and under deposit corrosion. Therefore, the increasing awareness of water treatment bodies' applications has created an upsurge in the Asia Pacific market. Thus, industrialization and increasing population in the emerging economies is expected to create a significant demand for biocides in the coming years, which is further anticipated to drive the Asia Pacific water treatment biocides market.
Market Overview and Dynamics
The water treatment biocides market in Asia Pacific is expected to grow from US$ 910.01 million in 2019 to US$ 1,438.61 million by 2027; it is estimated to grow at a CAGR of 6.0% from 2020 to 2027. The water treatment biocides market is proliferating due to increasing demand from municipal water treatment plants. Rapid urbanization, migration of people from villages and small towns to metropolitan cities, and surge in population in tier 1 and tier 2 cities have created a need for useful water treatment processing plants. As cities and towns grow larger, the demand for efficient water treatment biocides is expected to grow considerably. The growing expenditure on water treatment facilities by government and private institutions is expected to propel the market for water treatment chemicals such as water treatment biocides. The non-oxidizing biocides are expected to account for a significant share of the water treatment biocides market due to its increasing use in oil and gas and power plants. Clean water is also required in various food and beverage processing plants, pharmaceutical plants, agriculture, paper and pulp industries, and many other industries. These industries are anticipated to be significant consumers of water treatment biocides in the years to come.
The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the coronavirus (COVID-19) outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, India has the highest number of COVID -19 confirmed cases.
Key Market Segments
In terms of product type, the Non- oxidizing Biocides segment accounted for the largest share of the Asia Pacific water treatment biocides market in 2019. Further, the Oil and Gas segment held a larger share of the market based on application in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Water treatment biocides market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report 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.
Reasons to buy report
- Understand the Asia Pacific Water treatment biocides market landscape and identify market segments that are likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various market segments
- Obtain revenue forecast for market based on various segments for the period 2019-2027
Asia Pacific Water Treatment Biocides Market Segmentation
Asia Pacific Water Treatment Biocides Market - by Product Type
- Oxidizing Biocides
- Non- oxidizing Biocides
Asia Pacific Water treatment biocides Market - by Application
- Municipal Water Treatment
- Oil and Gas
- Power Plants
- Pulp and Paper
- Mining
- Swimming Pools
- Others
Asia Pacific Water Treatment Biocides Market - By Country
- China
- India
- Japan
- South Korea
- Australia
- Rest of ASIA PACIFIC
Asia Pacific Water Treatment Biocides - Company Profiles
- Albemarle Corporation
- DuPont de Nemours, Inc.
- Solenis
- Ecolab Inc.
- Innovative Water Care LLC
- Kemira Oyj
- Nouryon
- Suez
- Veolia
- Italmatch Chemicals SpA