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)
The water treatment biocides market in North America is expected to grow from US$ 1,194.74 million in 2019 to US$ 1,864.43 million by 2027; it is estimated to grow at a CAGR of 5.9% from 2020 to 2027. The US is anticipated to account for the largest share of the water treatment biocides market during the forecast period. The presence of major manufacturers, such as DuPont, Ecolab Inc., Solenis, and Albemarle Corporation (US), in the region, has a positive impact on the market. Due to the aging of the existing water and wastewater treatment units in the country, the US Environmental Protection Agency is emphasizing on the improvement of water and sewage services, especially in the municipal wastewater treatment. Growing demand from the water treatment segment and rising demand from the reviving construction industry are driving the water treatment biocides market in North America. Various developed countries in North America have extremely stringent safety norms that must be followed by the citizens. North America is expected to be the largest region for water treatment biocides globally due to the presence of many companies in the region specializing in nearly every industry, including food & beverages, water purification, and painting and coating, all of which are the largest consumers of biocides. The water treatment biocides market in North America is projected to witness significant growth during the forecast period. The country’s strong state-level and national-level municipal regulations are also generating a positive impact on the market. Rising demand from numerous end-applications is among the other factors expected to positively influence the demand for water treatment biocides.
In terms of application, the oil and gas segment led the water treatment biocides market in 2019. Oil and gas production occurs throughout the world. Each oilfield is unique and the construction and development of each new oilfield presents many challenges and opportunities for petroleum engineers. Differences in geology, topography, and climate in and around an oilfield will dictate how the oilfield is developed, maintained and eventually decommissioned. However, one thing that is a constant in an oilfield, regardless of its location, is the need for biocides. Biocides are used in all stages of oilfield development, from the initial drilling of the wells and the day to day production of oil and gas, and in all aspects of the maintenance of the field. They play an important role in the life of an oilfield and are a valuable tool in ensuring that oil and gas are produced safely and reliably. There are different biocides which are used in oil and gas industry. Acrolein is an extremely reactive molecule that is used to perform several different functions in the oil field. It is an effective biocides at low use concentrations and will also reduce hydrogen sulfide concentrations. It is also used in squeeze treatments to aid in the dissolution of iron sulfide. Bronopol is a halogenated diol that also contains an electrophilic carbon atom. It is used primarily in fluid preservation applications, most notable in the preservation of fracturing fluids or other fluids that are neutral to slightly basic in pH, Bronopol is particularly effective against Pseudomonas bacteria. DBNPA is a halogenated amide and is considered a fast kill biocides. This biocides is used primarily to treat the water used to prepare fracturing fluids.
The US has the highest number of confirmed cases of COVID-19, compared to Canada and Mexico. This is likely to impact the market in the region. Due to the COVID-19 outbreak, the supply and distribution chain is likely to get affected. In addition, the overall manufacturing processes and research and development activities are expected to impact the market growth.
The overall North America 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 North America 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 North America 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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