As per the latest report published by Variant Market Research, Global Water Treatment Chemicals Market is estimated to reach $28.7 billion by 2024; growing at a CAGR of 6.2% from 2016 to 2024. Water treatment chemicals have widespread use in various end use industries for water treatment processes. Some of the types of chemicals used in water treatment processes are coagulants, biocides & disinfectants, flocculants, corrosion inhibitors, scale inhibitors, and pH adjusters & softeners. These chemicals reduce the suspended solids such as sand, clay, and dust those remain undissolved in water. Growing population and industries globally are expected to boost the growth of water treatment chemicals market.
Major factors driving the global water treatment chemicals market are growing investment in industrial sector, growing demand for chemically treated water in numerous end-use sectors, and usage in waste reduction, and scarcity of pure & clean drinking water. However, alternative water treatment technologies may hamper the market growth. Furthermore, rapidly increasing urbanization & growing population in the emerging economies, and increasing adoption for specific formulations would unfold with numerous growth opportunities in the forecasted years.
Major segments in the global water treatment chemicals market are type, application, and geography. The type segment comprises coagulants & flocculants, oxygen scavengers, corrosion inhibitors, scale inhibitors, chelating agents, biocides & disinfectants, pH adjusters & stabilizers, anti-foaming agents, oxidants, and other types. Moreover, by application, the market is categorized as municipal water treatment, power generation, chemical processing, pulp & paper, food & beverages, metal & mining, oil & gas, construction, petroleum refining, and other applications.
Geographically, the global water treatment chemicals market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW) North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, Italy, France, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The major players competing in the market are The Dow Chemical Company, BASF SE, Kemira Oyj, BWA Technology, Inc., Ecolab Inc., Cortec Corporation, AkzoNobel, Buckman Laboratories International, Inc., Solvay SA, and GE Osmonics, Inc., among others.
The key takeaways from the report
- The report will provide detailed analysis of Water Treatment Chemicals Market with respect to major segments such as type, and application
- The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Water Treatment Chemicals Market has been included in the report
- Profile of the key players in the Water Treatment Chemicals Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Water Treatment Chemicals Market
- Coagulants & Flocculants
- Oxygen Scavengers
- Corrosion Inhibitors
- Scale Inhibitors
- Chelating Agents
- Biocides & Disinfectants
- pH Adjusters & Stabilizers
- Anti-Foaming Agents
- Other Types
- Municipal Water Treatment
- Power Generation
- Chemical Processing
- Pulp & Paper
- Food & Beverages
- Metal & Mining
- Oil & Gas
- Petroleum Refining
- Other Applications
- North America
- ·Rest of Europe
- ·South Korea
- ·Rest of Asia-Pacific
- ·South America
- ·Middle East