Water Treatment Chemicals Market Overview:
Market Research Future (MRFR) has recently published a report on global 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 Bn by the end of 2022.
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. The growing population has caused certain concerns, and, paucity of potable water is one of them. The supply of safe and clean water has not been able to match the rise in population which is fueling the demand for water treatment chemicals.
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Water Treatment Chemicals Market Key Players:
The market is led by some of the fervent players including Ashland Inc., GE Water & Process Technologies, Kemira Oyj’s, The Dow Chemical Company, Ecolab USA Inc., Akzo Nobel N.V., Buckman Laboratories International Inc., BASF SE, Cortec Corporation and Solvay S.A. Profiling them in its analysis, MRFR finds out their strategies keeping them at the forefront of competition.
Water Treatment Chemicals Market Regional Analysis:
By region, the market has been segmented into Asia Pacific, Europe, North America, and, Rest of the World (RoW). Asia Pacific market accounts for a significant share of the market and will grow at the fastest pace during the projection period. The expansion of market in this region can be attributed to population explosion and scarcity of potable water. Asia Pacific borders the two most populated countries of the world, i.e., India and China, which are also the major revenue contributors in this regional market.
The market in North America is expected to show moderate growth owing to factors such as escalating industrialization in the region, elevated standard of living, growing demand for potable water, etc. The market in Europe will also exhibit growth due to increasing awareness about water-borne diseases, improved living standards, government initiatives, etc. The global market will fuel the growth in Rest of the World region which includes Middle East, Africa and etc.
Water Treatment Chemicals Market Segmentation:
MRFR’s report offers a segmental analysis of the market based on type, end-use industry, and region. Based on type, the market is categorized by scale inhibitors, chelating agents, biocides & disinfectants, corrosion inhibitors, coagulants & flocculants, pH adjusters & stabilizers, oxidants, anti-foaming agents, oxygen scavengers, algaecides, and others.
By end-use industry, the market is divided into chemical processing, paper & pulp, municipal water treatment plants, power generation oil & gas, mining, food & beverage, and others. Among these, the market is led by the municipal water treatment plant segment which captures a market share of around 32%. Municipal water treatment plants are the largest consumers of water treatment chemicals as they supply clean water to millions of households on a daily basis and face high demand from the same.
Globally, the market is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Water Treatment Chemicals Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Market Dynamics of Global Water Treatment Chemicals Market
Water Treatment Chemicals Market Table of Content to be Continue….,
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Water Treatment Chemicals Market Overview: