Report : Asia Pacific Water Treatment Biocides Market Forecast to 2027 - COVID-19 Impact and Regional 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 Pools, and Others)
Oil and GasSegment to DominateAsia Pacific Water Treatment Biocides Market during 2020–2027
According to The Insight Partners market research study on “Asia Pacific Water Treatment Biocides Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast byproduct type, and application,”is expected to reach US$ 1,438.61million by 2027 from US$ 910.01million in 2019. The market is estimated to grow at a CAGR of 6.0% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific water treatment biocides market along with the drivers and restraints pertaining to the market growth.Rise in demand of water treatment biocidesare the major factor driving the growth of the Asia Pacific water treatment biocides market. However, issues associated with thelengthy and costly registration procedure related to biocides hinder the growth of Asia Pacific water treatment biocides market.
The Asia Pacific 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 in Asia Pacific 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.
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.
Albemarle Corporation, DuPont de Nemours, Inc., Solenis, Ecolab Inc., Innovative Water Care, LLC,KemiraOyj, Nouryon, Suez, Veolia, and Italmatch Chemicals SpAare among the leading companies in the Asia Pacific 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 August 18 2020,Ecolab‘s Synergex™ Sanitizer & Disinfectant is the first product to receive U.S. Environmental Protection Agency (EPA) approval for efficacy against biofilms, a complex community of bacteria on food contact surfaces.
Asia Pacific Water Treatment Biocides Market – ByProduct Type
Asia Pacific Water Treatment Biocides Market – ByApplication
Asia Pacific Water Treatment Biocides Market – By Country