Water Treatment Chemicals Market
Water Treatment Chemicals Market Overview:
Water Treatment Chemicals Market where it has revealed that the market will grow at a CAGR of 5% for the next five years. The report also shows that the market will reach a valuation of USD 26 Billion by the end of 2023. The key drivers of the market growth are population explosion and dearth of clean drinking water. The estimated average increase in human population every year is around 83 Million.
Water Treatment Chemicals Market is growing pervasively, mainly due to the increasing scarcity of the water. These chemicals are used in various water treatment processes to extrude unwanted chemicals, solids, gases, and biological contaminants from the contaminated water. The primary objective of these processes is to generate water fit for a specific purpose.
For instance; in industries, a proper water treatment program is essential to protect the boiler and steam system from corrosion and thereby to save the high maintenance costs, improve energy efficiency, reduce carbon emissions and to minimize the consecutive use of treatment chemicals and the total cost of plant ownership and thus to maximize the productivity.
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Water Treatment Chemicals Market Key Players:
Water Treatment Chemicals Market report include: BASF SE, GE Water & Process Technologies, Ashland Inc., Kemira Oyj's, Ecolab USA Inc., The Dow Chemical Company, Akzo Nobel N.V., Buckman Laboratories International Inc, Solvay S.A and Cortec Corporation.
Water Treatment Chemicals Market Segmentation:
Water Treatment Chemicals Market has been segmented by type, end-use industry, and region.
On the basis of type, the global water treatment chemicals market has been segmented into coagulants and flocculants, corrosion inhibitors, scale inhibitors, chelating agents, biocides and disinfectants, pH adjusters and stabilizers, anti-foaming agents, oxidants, oxygen scavengers, algaecides, and others.
On the basis of end-use industry, the global water treatment chemicals market has been segmented into municipal water treatment plants, chemical processing, paper and pulp, food & beverage, power generation, oil & gas, mining, and others.
Water Treatment Chemicals Market Opportunities:
Water Treatment involves both physical and chemical methods. Water treatment chemicals are used as coagulants and flocculants, corrosion inhibitors, scale inhibitors, chelating agents, biocides and disinfectants, pH adjusters and stabilizers, anti-foaming agents, oxidants, oxygen scavengers, and algaecides to improve the quality of water. Water treatment chemicals find application in boiler water treatment, cooling tower water treatment, water purification, and treatment of wastewater effluent. The major end-use industries of water treatment chemicals are municipal water treatment plants, chemical processing, pulp and paper, food & beverage, power generation, oil & gas, and mining.
Water Treatment Chemicals Market Regional Analysis:
Asia-Pacific is the fastest growing region, increasing awareness about water borne diseases and scarcity in the pure and clean drinking water. Asian countries, especially India and China accounting for the largest market share in the overall water treatment chemicals market.
Water treatment chemicals market in India, corrosion and scale inhibitors accounted for significant share in revenue terms due to the huge demand from power utilities and oil refineries. Moreover, the decreasing water availability and rising environmental concerns are expected to increase the municipal water treatment in India during 2018 – 2023.
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Water Treatment Chemicals Market Application:
Water Treatment Chemicals Market are increasing consumption of water across the globe, increasing industrial activities and growth in world population. Water treatment chemicals are used for the treatment of water in boilers, cooling towers, and effluents from industries and sewage treatment plants. The restraining factors towards the growth of the market are increasing water treatment chemicals prices and presence of alternate treatment technologies. Municipal water treatment contributes highest to the overall growth. The increasing per capita consumption of power has increased the demand for the electricity across the globe, which in-turn increases the demand for the water treatment chemicals in the power industry.
During the development of the 1993 WHO Guidelines for Drinking-water Quality, the subject of potentially hazardous chemicals in drinking-water derived directly from treatment chemicals or construction materials used in water supply systems was discussed. The conclusion reached by the experts was that such chemicals are best controlled by the application of national regulations governing the quality of the products themselves rather than the quality of the water.
Water Treatment Chemicals Market Competitive Landscape:
The competitive market of water treatment chemicals appears to be fragmented owing to a huge number of companies operating in the market, churning the market competition. Increasing innovations and technologies will generate strong investment opportunities for the players. They strive to continue to commercialize other techniques that can lower the production.
To gain the competitive advantage, these players try to attain expertise in developing techniques, managing supply chains and in-depth domain knowledge in a number of advanced materials in addition to the prevailing strategies such as acquisition, partnership, and expansion of manufacturing facilities.
The competitive landscape of the market is determined by evaluating numerous market participants along with their production chain, production capacities, and the revenue generated by each manufacturer.
Water Treatment Chemicals Market Table of Content to be Continue….,
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