Biocides and H2S Scavangers in North America

Part
01
of two
Part
01

Biocides Market Size - US and Canada

Our research team estimated the size of the United States & Canada biocides market to be $3.52 billion.

OVERVIEW

  • In the last decade, the growth in the United States biocide market has been driven by the energy sector; however, the biocide market growth is expected to decelerate owing to a slowdown in oil & gas drilling.
  • The food & beverages, toiletries, and cosmetics market will drive the consumption of biocides as consumer preferences tilt towards "clean label" goods in the United States.
  • The global biocide market growth is driven primarily by the increase in construction activity in developing countries and the rising need for water treatment.
  • The growth in infrastructure, developments in municipal water treatment, and healthcare will also contribute to the growth of the market in US & Canada.
  • Lonza Group Ltd. (Switzerland), Dow Chemical Company (U.S.), and Troy Corporation (U.S.) are some key companies that operate in the North American biocide market.

FINDINGS

  • The size of the United States biocide market is $3.25 billion.
  • The size of Canada's biocide market is $271 million.
  • The collective size of US & Canada's biocide market is $3.52 billion
  • The size of North America's biocide market is $3.71 billion.

RESEARCH STRATEGY

In order to fulfill this request, we browsed through research reports published by agencies such as Adroit Market Research, Gos Reports, Data Bridge, and IHS Markit; industry portals such as Chemical Watch, International Association for Soaps,
Detergents and Maintenance Products, and American Chemistry, and websites of biocide manufacturing companies like Ecolab, Hexion, Troy Corporation, Dow Chemical Company, and ChemTreat. While we were able to find the global and North America market sizes, we did not find anything specific to the United States and Canada. On expanding the research time frame beyond two years, we found relevant data for the United States; however, the required information was not found for Canada. Given this limitation, we triangulated an estimate using the data points we had gathered.

The size of the North America biocides market:
— Adroit Market Research: $3.71 billion (2017)
— Gos Reports: $3.33 billion (2014)

According to Gos, the North American biocides market was expected to grow at 4.8% CAGR. This would put the 2017 market size at $3.83 billion (calculated using Omni Calculator).

Estimates for the size of the global biocides market:
— Data Bridge Market Research: $9.1 billion (2017)
— ReportsnReports: $8.61 billion (2019)
Estimates for North America's market share:
— Ceresana: 41% (2016)
— Adroit Market Research: 40.5% (2017)
— IHS Markit: 39% (2016)

Using the above data, we determined a range for the size of the North American biocides market.

Lower limit of range = ReportsnReports global market size (the lowest global estimate) * IHS Markit's estimated market share for North America (the lowest market share estimate) = 8.61 billion * 39% = $3.36 billion
Upper limit of range = $3.83 billion

All the data we came across sources suggest that the value of North America's biocides market is worth between $3.36 billion and $3.83 billion. This is a reasonably narrow range. We have stuck to the Adroit Research ($3.71 billion) figure for further triangulation as it is only recent precompiled estimate we found and it concurs with data derived from other sources.

The North American market comprises three countries: United States, Canada, and Mexico. Assuming that the size of the biocides market of each country is in the proportion of their GDPs, US' share of the North American biocides market will be 87.48% and Canada's share will be 7.30%. Calculations for the same have been shown in the attached spreadsheet.

Therefore, the size of the United States biocide market = 87.48%* $3.71 billion = $3.25 billion
And, the size of Canada's biocide market = 7.30% *$3.71 billion = $271 million
Collectively, the size of the US & Canada market = $3.52 billion

Freedonia estimates the value of the United States biocides market to be $3.4 billion (2016). This is close to the estimated value, giving credence to the triangulation method.


Part
02
of two
Part
02

H2S scavenger Market Size- US and Canda

In 1995, the market size of H2S scavengers in the North American market was estimated to be $172 million. While your research team was unable to provide the total market size of H2S scavengers in recent years in the US and Canada due to lack of publicly available information, we have provided a number of insights below that may be helpful to you. Read below for a deep dive into our findings.

Key Findings

  • Hydrogen sulfide H2S is a colorless, flammable, and toxic gas that is used in the hydrocarbon processing industry.
  • It helps to maintain plant workers' safety and productivity and eliminate their odor emissions.
  • Hydrogen sulfide (H2S) scavengers are chemical compounds specially designed to remove H2S gas. Hydrogen sulfide is commonly used in chemical processing facilities.
  • Hydrogen sulfide scavengers are considered to be the cost-effective method that prevents H2S corrosion in traditional gas/liquid sweetening process.
  • Major players in hydrogen sulfide scavengers in the US and Canada market are: Halliburton, ChemTreat, NuGeneration Technologies, Stepan, Schlumberger, and Baker Hughes.
  • North America, Europe, China, Japan, Middle East & Africa, India, and South America are the major regions where hydrogen sulfide scavengers are used.
  • In 1995, the market size of H2S scavengers in the North American market was estimated to be $172 million.

Research Strategy

This has been presented as a client update because NO direct information regarding the market size for H2S scavenger could be found either for US or Canada. All of the information found was apropos of the application of H2S scavenger as a whole which is used in hydrocarbon processing facilities to maintain plant worker's safety and productivity and eliminate their odor emissions. The primary reason for the same can be the niche nature of the information due to which NO research agency has covered the same in such detail. Below is the deep dive into the various strategies deployed to find the information.
Our first strategy was to scour through the various research reports from Grandview Research, Transparency Market Research, Research N Reports, Reuters, Market Research Store, Global News Wire, etc., apropos of the market size of the ‘H2S scavenger’ used in hydrocarbon processing sector. Since, such information is BEST covered in research reports, your research team checked them as prima facie. The reports enumerated the Information that hydrogen sulfide (H2S) scavengers are chemical compounds that helps to remove the H2S gas. The hydrogen sulfide scavengers market can be segmented into regenerative H2S scavengers and non-regenerative hydrogen sulfide scavengers. None of the reports had any mention of market size of H2S scavengers in US and Canada; all the Reports were behind a pay wall. The reports listed out the major players operating in the industry.
Our second strategy was to hunt through specific media websites such as Forbes, WSJ, Business Insider, Bloomberg, Reuters, Live Mint, blyk, etc., and other industry blogs such as Q2Technologies, science blogs, and hydrocarbon processing blogs. All these are potential sources where market size, growth rate and annual revenue numbers apropos of any industry are quoted (mostly from paid reports) and hence the idea was to garner any such information from these sources. However, again All the information catered around the key players in the market and uses of H2S scavenger and NO information specific to the market size of the H2S scavenger could be found.
Our third strategy was to visit and scour through company filings such as annual reports, supplemental information etc; company blogs and press releases of some major players in the hydrogen sulfide scavengers market such as Halliburton, ChemTreat, and NuGeneration Technologies, that is involved in providing the H2S scavenger for the hydrocarbon processing industry. Normally companies do disclose some information regarding the industry they operate in through their filings, especially annual reports, and hence our idea was to check if any of them has provided any market sizing and growth related information apropos of the H2S scavenger. However, ALL of the information found catered around the services and capabilities of the individual companies with NO specific market sizing or growth information available.
Your research team also tried to triangulate the industry level market size by looking for the market share of these key players operating in the industry and then to check for the individual revenue which can be use as an industry proxy, but since all of the key companies were private or the filings do not provide such numbers, the market share could not be found.
Our fourth strategy was to try to triangulate the information. The idea was to triangulate the data through the industry which uses this the most. We checked the amount spent by these industries on H2S scavengers and then tried to find the total market. We first looked for the applications of H2S which is used in hydrocarbon processing facilities to maintain plant workers' safety and productivity and eliminate their odor emissions. But ONLY features, benefits, and case studies of hydrocarbon processing industries are mentioned with NO data on the amount this industry spent on H2S scavenger.s
For our fifth strategy, we tried to broaden the scope and tried to find the Information for the North American market. The idea was to find the share of US and Canada separately. We looked for the statistical data such as IBIS World and Statistia specific to the North American region, but there was NO information available for neither the North American region nor any bifurcation available for Canada and US. Thus, this strategy also failed.
Later, we tried to check if any old reports were available that could help to give any information on the growth rate figures. The idea was to expand our search by going beyond the standard of using the most recent two-year's data. With this approach, we hoped to look for slightly outdated but useful information. Thus, we came across 1 source which mentions that the total North American market is estimated to be worth $172 million in 1995. But there was No Information on the growth Rate and since the figure was too old, further calculation could not be concluded. Thus, this strategy also failed.
Thus, we are presenting our remaining findings with relevant insights that are publicly available for the same.

Sources
Sources

From Part 01
Quotes
  • "US biocides demand will rise 3.7 percent per year to $4.1 billion in 2020. "
  • "This study analyzes the $3.4 billion US biocide industry, with forecasts for 2018 and 2023 by product (halogen compounds, metal-based compounds, organosulfurs, nitrogen compounds, phenolic compounds, organic acids, glutaraldehyde, other), application (preservative and additive, water treatment, processing) and market (industrial, consumer and commercial, energy). "
Quotes
  • "With share of about 41% of global consumption, North America is the major sales market for biocides."
Quotes
  • "In 2016, North American consumption of specialty biocides accounted for 34% of the global volume and 39% of the global value."
Quotes
  • "North America accounted for 40.5 % of the total revenue share in 2017."
Quotes
  • "The Global Biocides Market is expected to reach USD 13.9 billion by 2025, from USD 9.1 billion in 2017 growing at a CAGR of 7.0 % during the forecast period of 2018 to 2025."
Quotes
  • "According to this study, over the next five years the Biocides Market will register a 4.1% CAGR in terms of revenue, the global market size will reach US$ 10500 million by 2024, from US$ 8610 million in 2019. "
From Part 02
Quotes
  • "Hydrogen sulfide H2S is a colorless, flammable, and toxic gas prevalent in the hydrocarbon processing industry. "
  • "H2S scavengers are widely used in hydrocarbon processing facilities to maintain plant worker's safety and productivity and eliminate their odor emissions. "
Quotes
  • "Hydrogen sulfide (H2S) gas is one of the most dangerous hazards in the oil and gas industry. Formed by the decay of organic matter containing sulfur, H2S gas is both highly toxic and flammable."
  • "Not only is H2S deadly, but it can also cause sulfide stress corrosion cracking in metals, such as casing. Luckily with proper monitoring and control procedures in place, H2S can be precipitated from both water-based and oil-based fluids by treatment with an H2S scavenger."
  • "BYK has developed two zinc-based liquid H2S scavengers that can quickly and thoroughly eliminate the threat of H2S through the precipitation of zinc sulfide."
  • "The liquid form allows for a more rapid precipitation rate than those exhibited by powdered zinc-containing H2S scavengers."