Oil and GasSegment to DominateNorth America Water Treatment Biocides Market during 2020–2027
According to The Insight Partners market research study on “North America Water Treatment Biocides Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast byproduct type, and application,”is expected to reach US$ 1,864.43million by 2027 from US$ 1,194.74million in 2019. The market is estimated to grow at a CAGR of 5.9% from 2020 to 2027. The report provides trends prevailing in the North America water treatment biocides market along with the drivers and restraints pertaining to the market growth.Rising demand from numerous end-applicationsare the major factor driving the growth of the North America water treatment biocides market. However, issues associated with thelengthy and expensive registration process related to biocides hinder the growth of North America water treatment biocides market.
The North America 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 North America 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 U.S has the highest number of confirmed cases of COVID-19, as, compared to Canada and Mexico. This is likely to impact the transport in the region as, due to the COVID-19 outbreak, the supply and distribution chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
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 North America 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 September 2, 2020 Albemarle Corporation a leader in the global specialty chemicals industry, announced today the company has been selected by the U.S. Department of Energy (DOE) as a critical partner for two lithium research projects over three years through a Battery Manufacturing Lab Call. Albemarle will work in conjunction with two DOE labs on the company's approved projects.
North America Water treatment biocides Market, By Country, 2019 and 2027 (%) North America 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)
North America Water Treatment Biocides Market to Grow at a CAGR of 5.9% to reach US$ 1,864.43 Million from 2020 to 2027
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The Report Segments the North America Water Treatment Biocides marketas Follows:
North America Water Treatment Biocides Market – ByProduct Type
- Oxidizing Biocides
- Non-oxidizing Biocides
North America Water Treatment Biocides Market – ByApplication
- Municipal Water Treatment
- Oil and Gas
- Power Plants
- Pulp and Paper
- Mining
- Swimming Pools
- Others
North America Water Treatment Biocides Market – By Country
- US
- Canada
- Mexico