Water Treatment Chemicals Market Predicted To Experience Massive Surge In Demand & Yield |Ecolab Inc., BASF SE, SUEZ S.A
According to a recent analysis by Emergen Research, the market for water treatment chemicals worldwide is anticipated to reach USD 71.48 billion by 2027. The expanding demands from the petrochemical and refining sectors in developing economies are responsible for this market’s expansion. The demand for the sector is anticipated to be driven by rising investments in research & development to produce more effective chemical-based water treatment technology.
The pandemic has had a significant impact on raw material suppliers and the supply chain since firms have stopped producing as a result of the lockdown. However, because of the increased water use for maintaining hygiene, it has a favourable impact on the market for water treatment chemicals. Sanitation, hygienic conditions, and access to clean water must be provided.
Chemicals used in water treatment are used to change the physical and chemical characteristics of water for usage in municipal and industrial settings. The demand for water treatment chemicals has increased as people are becoming more aware of the need of clean, safe water and of government rules governing the treatment of waste water. The market for chemicals used in water treatment is already well established in North America and Europe. The improvement in water quality and strict adherence to environmental rules are primarily responsible for the market expansion in these areas.
Key participants include Ecolab Inc., BASF SE, SUEZ S.A., Solenis LLC, Kurita Europe GmbH, The DOW Chemical Company, Baker Hughes Incorporated, Kemira OYJ, Snf Floerger, and Akzo Nobel N.V., among others.
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Some Key Highlights from the Report
With a market share of 39.5%, coagulants & flocculants dominated the market in 2019 due to the widespread usage of the sedimentation process in water treatment facilities. As it lessens pollution and biofouling, biocides & disinfectants are anticipated to be the second-largest product segment.
Due to the rising demand for freshwater in developed North America and Europe, municipal corporations are anticipated to experience the largest growth in the market during the forecast period.
Due to its increasing use in product formulations for industrial settings, raw water treatment is the application category with the biggest market share in 2019.
Because of its rapidly expanding urbanisation and expanding population, Asia-Pacific is anticipated to see the highest CAGR during the projected period. This is particularly true of China, Malaysia, India, and Indonesia. In addition, it is anticipated that the expansion of the region’s manufacturing, power, and industrial sectors will accelerate market expansion
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Emergen Research has segmented the global Water Treatment Chemicals Market on the basis of Product, End User, Application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Biocide & Disinfectant
- Coagulants & Flocculants
- pH & Adjuster & Softener
- Scale & Corrosion Inhibitors
- Anti-foaming Agents
End User Outlook (Revenue, USD Billion; 2017-2027)
- Oil & Gas
- Mining & Mineral Processing
- Food & Beverage
- Chemical Manufacturing
- Pulp & Paper
Application Outlook (Revenue, USD Billion; 2017-2027)
- Raw Water Treatment
- Water Desalination
- Effluent Water Treatment
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
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