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The global Water Treatment Biocides Market size is projected to reach USD 4.7 billion by 2024 from USD 3.5 billion in 2019, at a CAGR of 6.2%.
The increasing use of water treatment biocides in various applications such as oil & gas, municipal water treatment, power plants, mining, pulp & paper, and swimming pools, among others, is expected to drive the market growth. Europe was the largest market for water treatment biocides in 2018, followed by APAC, North America, the Middle East & Africa, and South America.
Solenis (US) is another important player in the water treatment biocides market, which focuses on merger, expansion, and acquisition to earn a competitive edge.
In January 2019, Solenis and BASF SE (Germany) combined their paper and water chemical businesses to offer cost-effective solutions to the customers in the pulp & paper, oil & gas, mining, biorefining, power, municipal, and other industrial markets. In July 2017, the company acquired Nopco Colombiana S.A. (Colombia). This acquisition helped the company strengthen its portfolio for the water treatment segment and expand its production facilities in the growing Central & South American market.
DuPont (US) is one of the largest manufacturers of water treatment biocides for the oil & gas application. The company focuses on the strategy of new product launch in order to strengthen its product portfolio and position in the water treatment biocides market.