Water Treatment Chemicals Market Size is projected to reach 75.8 Billion USD By 2027
The [147 Pages] report "Water Treatment Chemicals Market by Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants), End user (Municipal, Power ,Oil & Gas, Mining), and Region - Global Forecast to 2027", is projected to reach USD 75.8 billion by 2027, at a CAGR of 6.0% during the forecast period
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Growth of WTCs is mainly due to rising GDP, growing population, public awareness, wastewater reuse, improved economic conditions, new discoveries in oil & gas industry, and increasing expansions & other development strategies in the region. Contributions of various water quality associations and companies toward research & development and enhancement of properties of water treatment chemicals such as biodegradability, efficiency, are also some of the drivers for water treatment chemicals.
The municipal segment is expected to be the largest segment of the water treatment chemicals market during the forecast period. As the population rises globally, the demand for treated water also increases. The consumption for both municipal and industrial purposes is increasing rapidly, as there is a shortage of water resources. Municipalities treat water to meet stringent government regulations. The main function performed by water treatment chemicals in municipal water treatment are coagulation and 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 to mitigate impurities in the water. Increased use in the municipal water treatment in the next five years is expected to further drive the water treatment chemicals market.
Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Water Treatment Chemicals Market, By Type
7 Water Treatment Chemicals Market, By End User
8 Water Treatment Chemicals Market, By Region
9 Competitive Landscape
10 Company Profiles
11 Appendix
The North America water treatment chemicals market is the largest market for water treatment chemicals during forecast period. Owing to the large industrial base and high living standard of population which requires high quality of drinking water. In addition to this, stringent regulatory and sustainable mandates concerning the environment also drives the water treatment chemicals market in the region.
Some of the key players in the water treatment chemicals market are BASF SE (Germany), Ecolab Inc. (US), Solenis LLC (U.S.), Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (U.S), and Kemira OYJ (Finland). Expansion was the major growth strategies adopted by the market players to cater to the demand for water treatment chemicals in emerging economies.
Read our blog for more details: https://chemabd007.blogspot.com/2019/03/water-treatment-chemicals-market-is.html
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