Specialty Water Treatment Chemicals: Technologies and Global Markets
LONDON, Oct. 29, 2018 /PRNewswire/ -- Report Scope
This report is a detailed review of the global specialty chemicals industry used in water treatment.It examines product categories, key drivers, emerging trends and major players in each of the categories and provides market estimates.
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The report also analyzes the companies and regions that are key players and highlights and elaborates on the influence of government regulations, current technology and economic factors in this marketplace. It also provides the facts, figures and statistics required to evaluate stable aspects of the market, as well as the current trends and future projections of the industry.
Report Includes:
- 62 additional tables
- An overview of the global market for specialty chemicals used in water treatment et al
- Analyses of global market trends, with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Elaboration on the influence of government regulations, current technology, and the economic factors that are and will shape the marketplace
- A look at the regulatory environment which has been a driving force in the specialty water treatment chemicals industry
- Analysis of the product life cycle and technology life cycle of various types of specialty chemicals used in water treatment
- Information on competitor initiatives, and information with regard to demand for specialty chemicals used to develop new products and for new applications
- Profiles of leading companies in the industry, including Akzo Nobel N.V., Albemarle Corp., Arch Chemicals, Inc., Basf Corp., Clariant AG and PPG Industries, Inc.
Summary
Water treatment has changed considerably over the last few decades and new advances and developments continue to shape the market.With the increasing population and industrial proliferation, the need for clean water is rising.
However, providing clean water has become increasingly difficult. Although the water treatment chemicals industry is considered to be a mature market, it is also one that needs to adapt and expand and is likely to increase in importance as the availability of clean water decreases. When considering the rapidly expanding populations in Africa, South America and Asia, as well as the increase in pollution, knowledge of potential solutions for water pollution becomes very
important.
Because of the growing concerns over the global water supply, chemical suppliers are increasingly interested in the water treatment market.The market for water treatment chemicals is expected to grow at an estimated REDACTED compound annual growth rate (CAGR) globally from 2018 through 2023, fueled by new opportunities in both developing and developed regions.
Growth is expected to be strongest in the developing world, with countries such as China and India undergoing growth that will more than double the global average.
Although developing countries such as China and India will be the chief contributors to overall market growth, increased demand will also be seen in developed countries due to stricter regulations and the consequent increase in the usage of specialty chemicals for water treatment. In these established markets, gains are also likely to be due to the continuing introduction of more sophisticated water treatment technologies, including the wider use of higher–end membranes in desalination and other applications, specialty chemicals in industrial water treatment and easier–to–use products for recreational water treatment.
World demand for specialty chemicals used for water treatment is likely to be an estimated REACTED in the year 2023.The Asia–Pacific region currently is and will remain the single largest market for specialty chemicals for water treatment through 2023.
Its current market share is almost REDACTED, followed by the European region at REDACTED and the North American region at REDACTED. The same trend is expected to continue into the year 2021, with some minor changes in the percentage of distribution among the different regions.
In terms of end users, the power industry is the single largest user of specialty chemicals for water treatment, comprising REDACTED of the market, followed by the municipalities.The major segments of water treatment chemicals are discussed in detail in this report.
Corrosion and scale inhibitors together form the largest segment in the industry, having almost a REDACTED market share in 2017. This is followed by biocides, pH adjusters and softeners, which together accounted for REDACTED of the market in 2017, and finally coagulants, flocculants and defoamers, which together accounted for REDACTED of the market in 2017.Although these three segments continue to show good growth rates in the medium term, the fastest–growing segments will be scale inhibitors and activated carbon.
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