Water Treatment Chemicals Market Overview:
The global water treatment chemicals market is predicted to register 6.5% CAGR during the forecast period (2018 - 2025) owing to the increasing demand in the end-use industries, asserts Market Research Future (MRFR). The report also shows that the market will reach a valuation of USD 67.69Bn by the end of 2025.
Water Treatment Chemicals Market Key Players:
The prominent players operating the global water treatment chemicals market are;
• Chembond Chemicals Limited (India)
• Akzo Nobel N.V. (Netherlands)
• DowDuPont Inc. (US)
• Aries Chemical Inc. (US)
• Lenntech B.V. (Netherlands)
• Culligan (US)
• Wilh. Wilhelmsen Holding ASA (Norway)
• Thermax (India)
• BASF SE (Germany)
• ChemTreat Inc. (US)
• Accepta Water Treatment (UK)
• INDOCHEM (India)
• Chemtex Speciality Limited (India)
• Bionics Advanced Filtration Systems (P) Ltd. (India)
• Aquaquest Water Treatment Chemicals (India)
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Water Treatment Chemicals Market Regional Analysis:
Geographically, the water treatment chemicals market span across regions namely, North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa.
Among all the regions, the Asia Pacific region is considered to occupy the largest market share and is anticipated to lead the market in the coming years. Rapid industrialization owing to relaxed investments norms, availability of inexpensive labor, and low production costs are anticipated to trigger the demand for water treatment chemicals in this region.
Meanwhile, the North American and the European markets are mature and are estimated to expand at a steady pace. Strict environmental mandates governing water purity has resulted to a significant demand for water treatment chemicals in these regions.
The Middle East & African region is anticipated to experience a significant growth rate owing to the presence of a strong oil & gas industry in this region. On the other hand, Latin America occupies the least owing to the slow economic development in this region.
Water Treatment Chemicals Market Segmentation:
The global water treatment chemicals market has been segmented on the basis of type, end-user, and region.
By mode of type, the global water treatment chemicals market has been segmented into corrosion inhibitors, coagulants and flocculants, chelating agents, scale inhibitors, pH adjusters and stabilizers, biocides and disinfectants, oxidants, anti-foaming agents, algaecides, oxygen scavengers, and others. The usage of treatment equipment has increased with the technological advancements in the water treatment market. This has augmented the consumption of corrosion inhibitors as they protect the equipment from corrosion.
By mode of end-use industry, the global water treatment chemicals market has been segmented into chemical processing, municipal water treatment plants, food & beverage, paper and pulp, oil & gas, power generation, mining, and others. Among these, the power generation industry is anticipated to hold a considerable market share. With consistent economic growth in the emerging countries, the demand in the power sector, industrial, and manufacturing sectors is increasing, thereby accelerating the demand for water treatment chemicals market.
Water Treatment Chemicals Market Table of Content to be Continue….,
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