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% between 2019 and 2024. Water treatment biocides are active substances or chemicals used to destroy or prevent the growth of any microorganisms, such as bacteria and fungi.
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Based on application, the water treatment biocides market is segmented into municipal water treatment, oil & gas, power plants, mining, pulp & paper, swimming pools, and others. The others segment comprises reverse osmosis membranes, poultry, and food & beverage.
The oil & gas application accounted for the largest share of the market in 2018, in terms of value. This is because of the growing oil & gas exploration, globally where water treatment biocides are used for proper control of bacteria and other microorganisms in various applications, such as hydraulic fracturing and produced water systems, among others.
North America is estimated to be the largest water treatment biocides market by 2024, in terms of value. This is due to the presence of the major manufacturers of water treatment biocides in the region, including DuPont (US), Ecolab Inc. (US), Solenis (US), Innovative Water Care (US), and Albemarle Corporation (US), among others. In addition, the increasing awareness regarding the need to recycle and reuse water are the other factors driving the demand for water treatment biocides in the region.
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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Solenis (US) is another important player in the water treatment biocides market, which focuses on merger, expansion, and acquisition to earn a competitive edge. In January 2019, Solenis and BASF SE (Germany) combined their paper and water chemical businesses to offer cost-effective solutions to the customers in the pulp & paper, oil & gas, mining, biorefining, power, municipal, and other industrial markets. In July 2017, the company acquired Nopco Colombiana S.A. (Colombia). This acquisition helped the company strengthen its portfolio for the water treatment segment and expand its production facilities in the growing Central & South American market.
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