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Increasing use of non-oxidizing biocides in pulp & paper industry and power plants is expected to create lucrative opportunities for the market players
radoffMay 5, 2021
Stratview Research’s report on Water Treatment Biocides Market aims to deliver inclusive information on the market by taking into account several aspects of market research and analysis such as market size valuations, market dynamics, positioning and segmentation, competitive landscaping, and, opportunity analysis. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact books, etc.
For a more detailed breakdown of the COVID-19 impact on the Water Treatment Biocides Market,
The COVID-19 impact on the market
The unexpected changes in the global markets caused by the sudden outbreak of the COVID-19 virus have caused massive and significant tremors in industries of all sizes, including the Water Treatment Biocides Market.
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Amid the COVID-19 crisis, the global market for Water Treatment Biocides estimated at US$3.6 Billion in the year 2020, is projected to reach a revised size of US$5.1 Billion by 2027, growing at a CAGR of 5.1% over the period 2020-2027.
Non-Oxidizing, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$3.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Oxidizing segment is readjusted to a revised 4.5% CAGR for the next 7-year period.