6% CAGR for Water Treatment Chemicals Market to Reach $US 56.57 Billion by 2022
The report profiles the leading players in the water treatment chemicals market that include BASF SE (Germany), Ecolab Inc. (US), Akzo Nobel N.V. (Netherlands), and Kemira OYJ (Finland).
Pune, India – April 26, 2018 /MarketersMedia/ —
The water treatment chemicals market is forecast to reach $56.57 billion by 2022 from $42.23 billion in 2017 at a CAGR of 6.0% during (2017-2022) driven by the increasing use of water treatment chemicals in various end-use industries to cater to the growing demand for chemically treated quality water at low costs, rising Gross Domestic Product (GDP), growing global population, increasing public awareness about reuse of wastewater, improving economic conditions, and increasing number of new discoveries in the oil & gas sector.
Browse 81 Market Data Tables and 30 Figures spread through 147 Pages and in-depth TOC on “Water Treatment Chemicals Market by Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, and Biocides & Disinfectants), End User (Municipal, Power, Oil & Gas, and Mining), Region – Global Forecast to 2022” http://www.rnrmarketresearch.com/contacts/request-sample?rname=153232 .
The Asia-Pacific water treatment chemicals market is projected to grow at the highest CAGR in terms of both value as well as volume. Growing number of automotive worldwide, increasing global population, rapid urbanization, increasing scope of exploration of oil & gas and their production, easy availability of low-cost labor, and affordable raw material prices in the Asia-Pacific region are the factors fueling the growth of the water treatment chemicals market during the forecast period.
China led the Asia-Pacific water treatment chemicals market in terms of volume in 2016. The growth of the China water treatment chemicals market can be attributed to the significant increase in the consumption of water treatment chemicals in the country. This increased consumption of water treatment chemicals in China is a result of the rising population, increasing oil & gas exploration and production activities, increasing power generation, and growing mining industry in the country.
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The report profiles the leading players in the water treatment chemicals market that include BASF SE (Germany), Ecolab Inc. (US), Akzo Nobel N.V. (Netherlands), and Kemira OYJ (Finland). The report also includes the competitive strategies adopted by these key players to strengthen their position in the water treatment chemicals market.
Based on type, the biocides & disinfectants segment of the water treatment chemicals market is projected to grow at the highest CAGR during the forecast period in terms of value. Biocides & disinfectants are used in cooling water systems such as cooling towers, condensers, and compressor systems as these systems usually provide optimum conditions for microbial growth due to wide temperature and pH ranges, continuous aeration, and presence of various organic and inorganic nutrients and sunlight. In addition, biocides &disinfectants are also used in pulp & paper and oil & gas industries to inhibit the microbial growth as the uncontrolled bio fouling affects the production processes as well as the quality of finished products.
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The market sizes estimated in this study have been validated through primary interviews conducted with various industry experts, globally. These primary sources have been divided into three categories:
• By Company Type: Tier 1 – 25%, Tier 2 – 50%, and Tier 3 – 25%
• By Designation: C Level – 20%, Director Level – 30%, and Others – 50%
• By Region: North America – 20%, Europe – 30%, Asia-Pacific – 25%, Central & South America – 15%, and the Middle East & Africa – 10%
The objective of this study is to define, describe, and forecast the water treatment chemicals market based on various segmentations and strategically analyze the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. In this report, the water treatment chemicals market has been segmented based on type, end user, and region.
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