North America Water Treatment Biocides Market to 2027 –COVID-19 Impact and Analysis by Product Type (Oxidizing Biocides, and Non- oxidizing Biocides), and Application (Municipal Water Treatment, Oil and Gas, Power Plants, Pulp and Paper, Mining, Swimming, and Others)
Number of Pages: 74
Market Introduction
Water treatment biocides are used to control the microbial growth in water bodies. The water treatment biocides have been gaining increasing importance all over the North American region owing to its wide range of applications. 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, and paper and pulp amongst others. Complications occurred due to un-controlled 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 the applications of water treatment bodies have created an upsurge in the North America 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 North America water treatment biocides market.
Market Overview and Dynamics
The water treatment biocides market in North America is expected to grow from US$ 1,194.74 million in 2019 to US$ 1,864.43 million by 2027; it is estimated to grow at a CAGR of 5.9% from 2020 to 2027. The water treatment biocides market is growing at a significant pace owing to increasing demand from municipal water treatment plants. Rapid urbanization, migration of people from villages and small town to metropolitan cities, and surge in population in tier 1 and tier 2 cities has created a need for effective water treatment processing plants. As cities and towns grow larger, the need for efficient water treatment biocides is expected to considerably grow. 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 larger share of the water treatment biocides market owing to its increasing uses in the oil and gas and power plants. Clean water is also required in various processes in 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 U.S has the highest number of confirmed cases of COVID-19, as, compared to Canada and Mexico. This is likely to impact the rail transport in the region as, due to the COVID-19 outbreak, the supply and distribution chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
Key Market Segments
In terms of product type, the Non- oxidizing Biocides segment accounted for the largest share of the North America 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 North America 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 North America Water treatment biocides market landscape and identify market segments that are likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive market landscape in the North America
- Efficiently plan mergers and acquisitions and partnership deals in North America Water treatment biocides market by identifying market segments with the most promising probable sales
- 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 2020-2027
North America Water Treatment Biocides Market Segmentation
North America Water Treatment Biocides Market - by Product Type
- Oxidizing Biocides
- Non- oxidizing Biocides
North America Water treatment biocides Market - By Application
- Municipal Water Treatment
- Oil and Gas
- Power Plants
- Pulp and Paper
- Mining
- Swimming Pools
- Others
North America Water Treatment Biocides Market - By Country
- US
- Canada
- Mexico
North America 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