PUNE, India, September 20, 2017 /PRNewswire/ --
The report"Water Treatment Chemicals Marketby Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, and Biocides & Disinfectants), End User (Municipal, Power, Oil & Gas, and Mining), Region - Global Forecast to 2022", published by MarketsandMarkets', the market is projected to grow from USD 42.23 Billion in 2017 to USD 56.57 Billion by 2022, at a CAGR of 6.0% from 2017 to 2022.
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Browse81 Market Data Tables and30 Figures spread through147Pages and in-depth TOC on"Water Treatment Chemicals Market"
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The growth of the Water Treatment Chemicals Market across the globe is fueled by the increasing use of water treatment chemicals in various end-use industries to cater to the growing demand for chemically treated quality water at low costs. Moreover, rising Gross Domestic Product (GDP), growing global population, increasing public awareness about reuse of wastewater, improving economic conditions, and increasing number of new discoveries in the oil & gas sector are other factors expected to fuel the growth of the Water Treatment Chemicals Market across the globe. Besides, growing contributions of various water quality associations and companies to carry out R&D activities to enhance properties such as biodegradability and efficiency of water treatment chemicals are also leading to the growth of the Water Treatment Chemicals Market.
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Based on type, the coagulants & flocculants segment is projected to lead the Water Treatment Chemicals Market in terms of volume during the forecast period.
Based on type, the coagulants & flocculants segment is projected to lead the Water Treatment Chemicals Market in terms of volume during the forecast period. Coagulants & flocculants are widely used as water treatment chemicals in municipal and power applications. The increasing demand for coagulants & flocculants in these applications is due to the stringent implementation of various government regulations to ensure quality water for public health.
Based on end user, the municipal segment is projected to lead the Water Treatment Chemicals Market in terms of volume from 2017 to 2022.
The municipal end user segment is projected to lead the Water Treatment Chemicals Market in terms of volume during the forecast period. As the global population is increasing continuously, the demand for treated quality water is also increasing. Thus, the consumption of water treatment chemicals in both, municipal and industrial sectors is increasing as there is a shortage of water resources. Municipalities treat water to meet stringent government regulations formulated to ensure public health. The water treatment chemicals in municipal water treatment plants are used for coagulation & flocculation, anti-foaming, chelation, and disinfection processes. Water treatment chemicals with a wide variety of properties are used at different stages and operating conditions in the municipal water treatment plants to remove impurities in water. Increased use of water treatment chemicals in the municipal water treatment plants is expected to drive the growth of the municipal end user segment of the Water Treatment Chemicals Market during the forecast period.
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The North American region is projected to lead the Water Treatment Chemicals Market in terms of volume between 2017 and 2022.
The North American region is projected to be the largest market for water treatment chemicals in terms of volume during the forecast period. The growth of the North America Water Treatment Chemicals Market can be attributed to the large industrial base and high living standards of the population in the region that require high-quality water. In addition to this, the stringent implementation of various regulatory and sustainable mandates in the region concerning environment is also driving the growth of the North America Water Treatment Chemicals Market.
Some of the key players operating in the Water Treatment Chemicals Market are BASF SE (Germany), Ecolab Inc. (US), Solenis LLC (US), Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (US), and Kemira OYJ (Finland). Expansions are among the major growth strategies adopted by the leading market players between January 2013 and August 2017 to enhance their position in the Water Treatment Chemicals Market.
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