Water Treatment Chemicals Market Worth 24.94 Billion USD by 2020
PUNE, India, September 30, 2016 /PRNewswire/ --
The report "Water Treatment Chemicals Market by Type (Corrosion Inhibitors, Scale Inhibitors, Coagulants & Flocculants, Biocides & Disinfectants), Application (Municipal Water Treatment, Power Generation, Chemical, Oil & Gas, Metal & Mining) - Global Forecast to 2020", published by MarketsandMarkets, the global market is projected to reach USD 24.94 Billion by 2020, growing at a CAGR of 4.53% between 2015 and 2020.
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Browse 132 market data Tables and 49 Figures spread through 194 Pages and in-depth TOC on "Water Treatment Chemicals Market"
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This high growth is fueled by the increasing demand of WTCs from end-use industries due to the huge requirement of chemically treated quality water at low cost from these industries.
Municipal water treatment - Major market for water treatment chemicals
As the population rises globally, the demand for treated water also increases. The consumption for both municipal and industrial purposes is increasing rapidly, as there is a shortage of water resources. Municipalities treat water to meet stringent government regulations. The main function performed by WTCs in municipal water treatment is coagulation and flocculation, anti-foaming, chelation, and disinfection processes. WTCs with a wide variety of properties are used at different stages and operating conditions in the municipal water treatment to mitigate impurities in the water. Increased use in the municipal water treatment in the next five years is expected to further drive the WTCs market.
In terms of value, the U.S. and China together accounted for more than 70% of the global WTCs market, in 2014
The U.S. is the largest market of WTCs globally. China is the largest market and manufacturer in the Asia-Pacific region. The U.S. and China together accounted for a significant share of the global water treatment chemicals market size, in terms of value, in 2014. They are the largest markets in their respective regions and are expected to compete with each other to dominate the market by 2020.
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In 2014, North America was the largest market for water treatment chemicals globally, accounting for a large share of the overall water treatment chemicals market, in terms of value. North America and Asia-Pacific together accounted for more than 50% of the global water treatment chemicals market, in terms of value, in 2014. The water treatment chemicals market in these regions is expected to grow substantially between 2015 and 2020, as the acceptance for water treatment chemicals is increasing in these regions.
Companies such as GE Water & Process Technologies (U.S.), Ashland Inc. (U.S.), Kemira Oyj (Finland), Ecolab (U.S.), The Dow Chemical Company (U.S.), Akzonobel N.V. (Netherlands), and BASF SE (Germany) are the dominant market players in the global water treatment chemicals market.
This report covers the market by value and volume for water treatment chemicals and forecasts the market size till 2020. The report includes the market segmentation by type, by application, and by region. It also provides company profiles and competitive strategies adopted by the major market players in the global WTCs market.
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