Global Water Treatment Chemicals Market to Cross US$ 31 Billion by 2017
Increasing fresh water demand from industries & consumers along with increasing environmental norms is thriving water treatment chemicals market worldwide.
The continuous depleting fresh water resources around the world have forced the governments of many countries to put stringent laws for purifying waste water. With the growing industrialization in the developing nations the demand for fresh water has also increased many folds which is further boosting the demand of water treatment chemicals as they are considered one of the best ways to purify waste water economically. There are many players in water treatment chemicals industry which are profiting from this hugely growing business opportunity such as Dow Chemicals, GE, BASF, Kemira, Arch Chemicals, Ashland Inc., etc. However, with constantly increasing demand these players have not been able to meet the market demand which have opened up gates for other players to enter the fray.
According to recently published report by TechSci Research ‘Global Water Treatment Chemicals Market Forecast and Opportunities, 2017’, the market for water treatment chemicals is expected to grow enormously in the coming years. In 2011, water treatment chemicals market reached US$ 24 Billion revenues making it one of the most lucrative markets in the chemicals industry. The industrialization in emerging economies such as China, India and Brazil has fuelled the growth in the industrial segment of water treatment chemicals market. Growing fresh water requirements from every section of the society is ringing the alarm bells in water departments of many countries to start looking for alternative sources.
The water treatment chemicals market can be divided in 6 segments – Coagulants and Flocculants which accounts for maximum demand globally followed by Biocides and Disinfectant. These two segments alone accounts for more than 60% revenues from water treatment chemicals business. The other segments in water treatment chemicals market are Inhibitors, Defoamers & Defoaming agents, pH adjusters & softeners. By 2017, it is anticipated that highest growth will be witnessed in pH adjusters and softeners market which will growth with compounded annual growth rate (CAGR) of more than 4%.
‘Global Water Treatment Chemicals Market Forecast and Opportunities, 2017’ has evaluated the future growth potential of water treatments chemicals market and provides statistics and information on market structure, trends and opportunities. The report includes segmental market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in water treatment chemicals market worldwide.