Market Insights

Water Treatment Biocides Market is likely to witness an impressive CAGR of 5.8% during the forecast period. Mounting demand from various end-use industries, increasing water treatment plants, and growing demand for reduction of microbial organisms in drinking as well as industrial water are the major factors bolstering the growth of the water treatment biocides market.

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Water Treatment Biocides Market Share: By Product Type

Based on the product type, the market is segmented as oxidized biocides and non-oxidized biocides.  The non-oxidized biocides segment is likely to remain the larger product type segment of the global water treatment biocides market during the forecast period. On the other hand, the oxidized biocides segment is also likely to offer sizeable growth opportunities in the market during the same period.

Water Treatment Biocides Market Share: By Application Type

Based on the application type, the water treatment biocides market is segmented as municipal water treatment, oil & gas, power plants, mining, pulp & paper, swimming pools, and others. Oil & gas is likely to remain the dominant application segment of the market during the forecast period. Biocides are widely used in various oil & gas application areas, such as drilling, completion, workover fluids, pipeline pressurization, and storage tanks. Increasing well drilling activities, careen recovery in worldwide rig counts, and focus on increasing efficiency of operations in oilfields along with decrease in operating cost are some of the key growth propellers driving the demand for biocides in the oil & gas application segment. 

Water Treatment Biocides Market Share: By Region

In terms of regions, North America is expected to remain the dominant market for water treatment biocides during the forecast period. The region is the largest market for hydraulic fracturing and natural gas-based power plants and is also the most advanced in the adoption of water treatment chemicals for various applications. The USA is the growth engine of the North American market.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.