Halogen Biocides market for water treatment applications is expected to exceed USD 1.8 billion by 2026. Rising industrialization globally will foster the demand for water treatment chemicals thus fostering market growth.
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As per market analysis, some major findings of the halogen biocides market for water treatment applications report include:
- Increasing concerns towards environment along with rising urbanization has boosted the demand for safe drinking water. This will support halogen biocides market for water treatment applications over the forecast period
- Growing awareness for consuming clean water in order to prevent several diseases including cholera and diarrhea will stimulate halogen biocides for water treatment applications demand.
- Some of the key market players manufacturing halogen biocides for water treatment applications are Nouryon, Solenis, Lonza, Clariant AG, Lubrizol Corporation, and Aditya Birla Chemicals.
- Market statistics for halogen biocides for water treatment applications for municipal sector was the highest and the segment is further anticipated to grow owing to growing product demand for water treatment purposes.
- Asia Pacific market statistics acquired an important share in the global Halogen Biocides market for water treatment applications.
As per market analysis, rising awareness to reduce the number of water borne diseases will foster halogen biocides for water treatment applications demand. Chloramination is the method of adding chloramine to drinking water in order to kill germs and disinfect it. These products also offer long lasting disinfection, thus maintaining water quality through the pipes leading to consumer outlets.
U.S. food industry accounted for highest water release share of about 36% in water release followed by petroleum and chemical industries. Halogen biocides for water treatment applications helps to destroy the microorganisms by restricting their growth thus helps in treating wastewater coming out of the industries. These factors will have a positive impact on market growth prospects for halogen biocides for water treatment applications.
As per market trends & analysis, Halogen Biocides market for water treatment applications may propel owing to increasing residential construction due to growing population. Chlorine gas owing to its disinfecting properties is used in municipal water purification installations. Halogen biocides for water treatment applications helps in effective eradication of pathogenic organisms. Rising inclination towards treating water before discharging it into water bodies for preventing water pollution will positively impact Halogen Biocides market for water treatment applications.
According to market analysis, Halogen biocides industry for water treatment applications manufacturers are engaged in strategic expansion initiatives including acquisitions to improve efficiency and productivity thus contributing to market growth. For instance, In October 2019, AkzoNobel Specialty Chemicals was relaunched as Nouryon. Acquisition of the business by The Carlyle Group has made the company an independent key specialty chemicals manufacturer in the world market. These factors will have a positive impact on halogen biocides for water treatment applications demand.
According to industry analysis, North America Chlorine based Halogen Biocides Market for oil & gas is anticipated to witness growth over 3% by the end of 2026. This shows significant market opportunities. According to market analysis, rising oil & gas industry in North America resulted by shale oil revolution has made shale oil extraction economical. Also, U.S. move towards energy independence should increase the need for wastewater management system. These factors will have a positive impact on market growth.
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As per industry trends, China invested USD 100 Billion for water cleanup projects which include launch of 8,000 projects in first half of 2017 in order to tackle water pollution problems. Similar government initiatives in other regions to reduce water pollutant levels will foster the demand of halogen biocides thus stimulating market growth.