South America Water Treatment Biocides Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type, and Application

According to a new market research study on “South America Water Treatment Biocides Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by product type, and application, is expected to reach US$ 351.02 million by 2027 from US$ 238.98 million in 2019. The market is estimated to grow at a CAGR of 5.1% from 2020 to 2027. The report provides trends prevailing in the South America water treatment biocides market along with the drivers and restraints pertaining to the market growth. Increasingdemand from various end applications are the major factor driving the growth of the South America water treatment biocides market. However, issues associated with the lengthy and expensive registration process with regard to biocides hinder the growth of SAM water treatment biocides market.

The South America market for water treatment biocides is segmented into product type, application, and country. Based on product type, the market is segmented into oxidizing biocides, and non-oxidizing biocides. In 2019, the non-oxidizing biocides segment held the largest share in South America water treatment biocides market. Similarly, based on application, the market is bifurcated into municipal water treatment, oil and gas, power plants, pulp and paper, mining, swimming pools and others. The oil and gassegment contributed a larger share in 2019.

Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing sectors for at least the next quarter, with a rebound once the epidemic is contained.

Albemarle Corporation, DuPont de Nemours, Inc., Ecolab Inc., KemiraOyj, Nouryon, and Italmatch Chemicals SpAare among the leading companies in the South America water treatment biocides market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in August 18 2020, Ecolab‘s Synergex™ Sanitizer & Disinfectant is the first product to receive U. S. Environmental Protection Agency (EPA) approval for efficacy against biofilms, a complex community of bacteria on food contact surfaces.

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