Press release
By 2026, Halogen Biocides Market size to grow at over 5% CAGR | DuPont, SUEZ, Dow Chemical Company, Lubrizol Corporation, Clariant AG, Lonza, Solenis, Nouryon
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Companies covered:
Lenntech, Thor Group, Iofina Chemical, Accepta, CAPCO Water Solutions, Solaris ChemTech, Jordan Bromine Company, Albemarle, Aditya Birla Chemicals, DuPont, SUEZ, Dow Chemical Company, Lubrizol Corporation, Clariant AG, Lonza, Solenis, Nouryon
As per a report published by Global Market Insights, Inc., the halogen biocides market for water treatment applications could cross USD 1.8 billion by the year 2026.
Key elements driving halogen biocides market size:
Rapid expansion in urban sectors could accelerate the adoption of halogen biocides across water treatment plants. People nowadays demand clean and safe drinking water as they become aware about the benefits associated with it.
Treating contaminated water could help prevent a line of chronic diseases like diarrhea and cholera. Increasing focus on treating hazardous industrial wastewater before dumping it into water bodies could strengthen the business outlook of halogen biocides market over the predicted timeframe.
Mentioned below are some of the major trends influencing halogen biocides industry share:
Chloramination across water treatment plants-
Increasing efforts to minimize the number of water-borne illnesses could proliferate the demand for chloramine across water treatment plants. Chloramination is a simple process of killing water-bred germs by adding chloramine into drinking water for disinfecting it. These chemicals provide long-lasting disinfection, preserving water quality while flowing through unhygienic pipes into consumer outlets.
As per a report, The U.S. food industry accounts for the highest water release share, recording nearly 36%, followed by petroleum and chemical sector. Halogen biocides usually helps in eradicating microorganisms from water by limiting their growth. This ability makes it ideal for treating wastewater produced by large-scale industries.
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Promising growth in the residential sector-
The residential sector has witnessed rampant growth in the last few years, especially across emerging economies that are currently investing in a number of residential construction activities in order to house their ever-increasing population base.
In a bid to provide clean water for all occupants, local authorities prefer to use chlorine gas in municipal water purification installations. Halogen biocides are marked as one of the most efficient chemicals to accurately disinfect contaminated water and is renowned for their ability to efficiently eradicate pathogenic organisms.
Strategic developments by industry players-
As the market for halogen biocides proliferates, various manufacturers and suppliers have started to expand their operational and technical resources to maximize their profit margins. In order to attain improved operational and technological efficiencies, companies have started to implement numerous organic and inorganic growth strategies as well, such as strategic acquisitions or collaborations, to enhance productivity and efficiency.
Taking October 2019 for instance, key specialty chemical manufacturer The Carlyle Group acquired AkzoNobel Specialty Chemicals and relaunched it as Nouryon.
Related News:
https://www.openpr.com/news/2137258/phosphate-esters-market-will-exhibit-growth-of-8-up-to-2025-basf
https://www.openpr.com/news/2137263/liquid-nitrogen-market-will-witness-5-8-cagr-during
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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