Europe 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)
The water treatment biocides market in Europe is expected to grow from US$ 1,099.21 million in 2019 to US$ 1,680.29 million by 2027; it is estimated to grow at a CAGR of 5.6% from 2020 to 2027. Industrialization and increasing population in the emerging economies is expected to boost the demand for water treatment biocides. The water treatment biocides market is growing at a significant pace owing to increasing demand from municipal water treatment plants. Rapid urbanization, migration of people from villages and small town to metropolitan cities, and surge in population in tier 1 and tier 2 cities have created a need for effective water treatment processing plants. As cities and towns grow larger, the need for efficient water treatment biocides increases. Growing expenditure on water treatment facilities by governments and private institutions is expected to propel the market for water treatment chemicals, such as water treatment biocides. Over the forecast period, non-oxidizing biocides are expected to account for a larger share of the water treatment biocides market owing to increasing use of these biocides in the oil & gas industry and power plants. Clean water is also required in various processes in food & 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.
In terms of product type, the non-oxidizing biocides segment led the water treatment biocides market in 2019. Non-oxidizing biocides work through various exterminating processes such as interfering with reproduction, stopping respiration, or lysing the cell walls. Non-oxidizing biocides can be fed continuously to achieve a high enough concentration for a long enough period of time to kill the bacteria. A continuous feed of non-oxidizing biocides is recommended for small to medium size systems that are not experiencing severe microbiological contamination. Kill time can require several hours up to a day for systems with existing contamination. Selection of a non-oxidizing biocide depends upon water pH; available retention time; efficacy against various bacteria, fungus, and algae; biodegradability; toxicity; and compatibility with the other chemistry. Growing demand for non-oxidizing biocides, such as glutaraldehyde, isothiazolinones, and quaternary ammonium compounds in applications, such as oil & gas, pulp & paper, and power plants is driving the market. The most common types of non-oxidized biocides are glutaraldehyde, isothiazolinones, and quaternary ammonium and DBNPA.
In Europe, Italy, Spain, and Russia are the hardest-hit countries by the COVID-19 outbreak. The region is expected to suffer an economic hit due to the 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 the market growth in Europe.
The overall Europe water treatment biocides market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Europe water treatment biocides market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the Europe water treatment biocides market. Key players operating in the market include Albemarle Corporation; DuPont de Nemours, Inc.; Solenis; Ecolab Inc.; Innovative Water Care LLC; Kemira Oyj; Nouryon; Suez; Veolia; and Italmatch Chemicals SpA.
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