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
Asia Pacific Water Treatment Biocides Market Segmentation
Asia Pacific Water Treatment Biocides Market - by Product Type
Asia Pacific Water treatment biocides Market - by Application
Asia Pacific Water Treatment Biocides Market - By Country
Asia Pacific Water Treatment Biocides - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 910.01 Million |
| Market Size by 2027 | US$ 1,438.61 Million |
| CAGR (2020 - 2027) | 6.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Water Treatment Biocides Market is valued at US$ 910.01 Million in 2019, it is projected to reach US$ 1,438.61 Million by 2027.
As per our report Asia Pacific Water Treatment Biocides Market, the market size is valued at US$ 910.01 Million in 2019, projecting it to reach US$ 1,438.61 Million by 2027. This translates to a CAGR of approximately 6.0% during the forecast period.
The Asia Pacific Water Treatment Biocides Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Water Treatment Biocides Market report:
The Asia Pacific Water Treatment Biocides Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Water Treatment Biocides Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Water Treatment Biocides Market value chain can benefit from the information contained in a comprehensive market report.
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