As cited by the research report titled ‘Halogen Biocides Market Size for Water Treatment Applications by Product, By End-Use [Municipal (Drinking Water, Sewage Treatment), Industrial (Food & Beverage, Pulp & Paper, Oil & Gas, Power Plants, Chemical Industry)]}, Bromine {By Application [Wastewater Treatment, Cooling Towers], , By End-Use [Municipal Drinking Water Treatment, Industrial (Food & Beverage, Pulp & Paper, Oil & Gas, Power Plants, Chemical Industry)]}), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report, global halogen biocides for water treatment applications is projected to grow with a strong CAGR to accumulate USD 1.8 billion over 2019-2026.
 

Rapid industrialization is propelling the demand for water treatment chemicals, thus driving the growth of global halogen biocides market for water treatment applications. Additionally, growing concerns towards environment, coupled with swift urbanization is boosting the demand for safe drinking water, thereby augmenting the market outlook.
 

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Moreover, rising awareness regarding consumption of clean water to prevent water borne diseases like diarrhea and cholera, is positively swaying the market dynamics. In addition to that, increasing residential construction due to rising population is propelling the product demand. Furthermore, growing inclination towards treating water before discharging it into water bodies to prevent water pollution is enhancing the market scope.
 

For the record, halogen biocides for water treatment applications helps in destroying microorganisms by limiting their growth and thus assist in treating wastewater coming out of industries.
 

As cited in the report, municipal end-use segment held a significant market share and is anticipated to expand lucratively through 2026, due to increasing product demand for water treatment purposes.
 

The geographical analysis of worldwide halogen biocides industry for water treatment applications extends to North America, Middle East & Africa, Asia Pacific, Europe, and Latin America. Asia Pacific market acquired a considerable share in the recent past. China made an investment of around USD 100 billion for water cleanup projects which involved launch of 8000 projects in first half year of 2017 to combat water pollution problems. Similar government initiatives in other regions to reduce water pollution, are promoting the industry growth.
 

As per the industry analysis, North America chlorine based halogen biocides market for oil & gas industrial end-use is likely to record 3% growth by 2026, indicating significant opportunities. Also, shift across the U.S. towards energy independence indicates a rise for wastewater management systems.
 

Prominent players influencing the industry trends are Lenntech Water Treatment Solutions, Thor Group Limited, Iofina Chemical Inc., Accepta Ltd., Capco Water Solutions Pvt. Ltd., Solaris ChemTech Ltd., Jordan Bromine Company Ltd., Albemarle Corporation, Aditya Birla Chemicals (India) Ltd., DuPont de Nemours Inc., Suez Water Technologies & Solutions, Dow Chemical Company, Lubrizol Corporation, Clariant AG, Lonza Group AG, Solenis LLC, and Nouryon.