Non- oxidizing BiocidesSegment to DominateEurope Water Treatment Biocides Market during 2020–2027

According to a new market research study on “Europe Water Treatment Biocides Market to 2027 – COVID-19 Impact and Regional Analysis byproduct type, and application,”is expected to reach US$ 1,680.29million by 2027 from US$ 1,099.21million in 2019. The market is estimated to grow at a CAGR of 5.6% from 2020 to 2027. The report provides trends prevailing in the Europe water treatment biocides market along with the drivers and restraints pertaining to the market growth.Growing demand of water treatment biocidesare the major factor driving the growth of the Europe water treatment biocides market. However, issues associated with thelengthy and expensive registration process related to biocides hinder the growth of Europe water treatment biocides market.

The Europe market for water treatment biocides is segmented intoproducttype, application, and country. Based onproducttype, the market is segmented into oxidizing biocides, and non- oxidizing biocides.In 2019, the non- oxidizing biocidessegment held the largest share Europe water treatment biocides market. Similarly, based on application, the market is bifurcated into municipal water treatment, oil and gas, power plants, pulp and paper, mining, swimming pools and others. The oil and gassegment contributed a larger share in 2019.

In Europe, Russia, Italy, and Spain is the hardest-hit country by the coronavirus outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries, as Russia, Italy, and Spain recorded the highest number of coronavirus cases. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.

Albemarle Corporation,  DuPont de Nemours, Inc., Solenis,  Ecolab Inc., Innovative Water Care, LLC, Kemira Oyj, Nouryon,  Suez,  Veolia, and Italmatch Chemicals SpA are among the leading companies in the Europe water treatment biocides  market.The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2 October 2019, Italmatch Chemicals announced that it has acquired Water Science Technologies (WST), a leading blender and chemical solutions provider.

Europe Water treatment biocides Market, By Country, 2019 and 2027 (%)

The Report Segments the Europe Water Treatment Biocides market as Follows:

Europe Water Treatment Biocides Market – ByProduct Type

• Oxidizing Biocides
• Non-oxidizing Biocides

Europe Water Treatment Biocides Market – ByApplication

• Municipal Water Treatment
• Oil and Gas
• Power Plants
• Pulp and Paper
• Mining
• Swimming Pools
• Others

Europe Water Treatment Biocides Market – By Country

• Germany
• France
• UK
• Italy
• Russia
• Rest of Europe