Report Name: Global Water Treatment Chemicals Market Analysis and Forecast to 2022 | Growth Opportunity Assessment
Publisher: Research Cosmos
Price Scheme of the Report:
Single User License – USD 4000
Team License – USD 5500
Corporate License – USD 7500
Global Water Treatment Chemicals Market Overview:
The water Treatment Chemicals market is projected to reach USD 56.57 Billion by 2022, at a CAGR of 6.0% from 2017 to 2022. The increasing demand for chemically treated water from various end-use industries is expected to drive the growth of the water treatment chemicals market across the globe during the forecast period. Increasing environmental and climatic concerns, a growing global population, and aging infrastructure are the factors expected to boost the water treatment chemicals market during the forecast period.
Based on the type, the coagulants & flocculants segment is projected to lead the water treatment chemicals market in terms of volume during the forecast period. This segment of the market is also projected to grow at the highest CAGR in terms of volume between 2017 and 2022. The increasing use of water treatment chemicals in the municipal water treatment processes such as coagulation & flocculation is expected to contribute to the growth of the coagulants & flocculants segment of the water treatment chemicals market. Moreover, a growing global population and rapid urbanization in emerging economies are also expected to fuel the growth of this segment of the water treatment chemicals market during the forecast period.
Based on the end user, the municipal segment is projected to lead the water treatment chemicals market in terms of volume during the forecast period. The growth of this segment of the market can be attributed to the rapid urbanization and continuously growing population across the globe. This, in turn, has led to increased demand for quality water. Moreover, the increase in the number of projects being commissioned and tendered in various emerging economies across the globe is also contributing to the demand for water treatment chemicals in the municipal end-user segment.
The North American region is expected to be the largest market for water treatment chemicals during the forecast period. Large industrial base, the high disposable income of masses, and their high living standards are the factors expected to fuel the growth of the North America water treatment chemicals market between 2017 and 2022. The Asia-Pacific water treatment chemicals market is projected to witness the highest growth during the forecast period, in terms of volume, owing to the rising standard of living of masses in the region that has resulted in growing demand for quality drinking water. In addition, various government initiatives and policies to attract investments from various international companies are also expected to boost the growth of the Asia-Pacific water treatment chemicals market during the forecast period.
Growing need for eco-friendly chemical formulations and increasing incidences of patent copying are the major challenges for the growth of the water treatment chemicals market between 2017 and 2022.
BASF SE (Germany), Ecolab Inc. (US), Solenis LLC (US), Akzo Nobel N.V. (Netherlands), and Kemira OYJ (Finland) are the key players operating in the water treatment chemicals market. These market leaders have adopted various organic as well as inorganic growth strategies between January 2013 and August 2017 to strengthen their position in the water treatment chemicals market. The strategy of expansions was among the major growth strategies adopted by the leading market players to enhance their regional presence and meet the growing demand for water treatment chemicals in emerging economies.
For More Information, Get Sample of the report: Request Sample
Got Some Questions? Inquire Here: Inquire Before Buying
For More Details, Contact Provider Directly:
Kevin Stewart
Sales Manager
Research Cosmos
+1 888 709 8757
The post Water Treatment Chemicals Market Predicted to Grow at 6.0% CAGR appeared first on Market Reports Web.
