Water and Wastewater Treatment Chemicals Industry to Grow at 4.5% Through 2018, Says TechSci Research
Burnaby, Canada, March 12, 2014 --(PR.com
)-- Water treatment is carried out to make water usable for water intensive industries and domestic drinking purposes. The process requires use of effective and efficient chemicals such as scale and corrosion inhibitors, coagulants and flocculants, biocides and disinfectants, pH adjusters, softeners, defoamers, oxidants, etc. Corrosion and scale inhibitors are the most extensively used water treatment chemicals due to their applications in cooler and boiler water treatment, municipal pipelines for water supply, etc. Coagulants and flocculants account for the second largest share of the global water and wastewater treatment chemicals market due to their high applicability in municipal waste and drinking water treatment.
According to recently published report by TechSci Research “Global Water& Wastewater Treatment Chemicals Market Forecast & Opportunities, 2018,” the global market for water and wastewater treatment chemicals is projected to grow at a CAGR of about 4.5% during 2013-18, in revenue terms. The global market is highly fragmented, especially in emerging markets such as China and India, with the presence of a large numbers of small players involved in offering few types of water treatment chemicals.
The report highlights that Kemira Oyj is expected to continue its domination in water treatment chemicals market, globally, over the next five years. On the other hand, Ecolab Inc., GE Water, Process Technologies and Kurita Water Industries Ltd. are expected to increase their focus on high performance products like green chemicals, nanotechnology based products, etc.
The major end user sectors for water and wastewater treatment chemicals include power, oil & gas, metals & mining, and paper & pulp. Growth of these allied industries is expected to positively impact water treatment chemicals market over the next five years. The power sector is one of the major application industries for pigment blacks, and is expected to witness healthy growth through 2018, positively impacting the water and wastewater treatment chemicals market. Manufacturers of water and wastewater treatment chemicals are introducing eco-friendly products, which are expected to increase the penetration of these compounds in the power industry worldwide.
“Growth in water and wastewater treatment chemicals market is expected to majorly arise from emerging markets like China, India, etc., due to their expanding industrial and municipal water treatment networks. In developed countries such as the United States and Canada, innovative and high value chemicals are increasingly replacing low-cost, commodity compounds in the end user industries,” said Mr Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Water& Wastewater Treatment Chemicals Market Forecast & Opportunities, 2018” has evaluated the future growth potential of global water and wastewater treatment chemicals market, and provides statistics and information on market structure and industry behavior trends. The report includes water and wastewater treatment chemicals 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 and wastewater treatment chemicals market, globally.