Global Water Treatment Chemicals Market
The global water treatment chemicals market was valued at USD 42.20 billion in 2017 and is projected to reach USD 67.77 billion by 2025, growing at a CAGR of 6.1% from 2018 to 2025.
Water treatment chemicals demand is expected to grow rapidly over the forecast period owing to rising population and growing awareness regarding water quality. Rise in industrial activities is expected to result in high amount of waste that needs to be treated. Growing chemical industry is expected to result in rise of effluent treatment plants which is expected to boost consumption of water treatment chemicals.
1. Market Drivers
1.1 Growing demand for chemically treated water
1.2 Sustainability mandates regarding water quality
2. Market Restraints
2.1 Alternative water treatment technologies
The global water treatment chemicals market is segmented on the basis of product, end-user, and region.
1. Global Water Treatment Chemicals Market, by Product:
1.1 Corrosion Inhibitors
1.2 Coagulants & Flocculants
1.3 Biocides & Disinfectants
1.4 Scale Inhibitors
2. Global Water Treatment Chemicals Market, by End-User:
2.1 Oil & Gas
3. Global Water Treatment Chemicals Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. Ecolab Inc.
3. Kemira OYJ
4. Akzo Nobel N.V.
5. Solenis LLC
6. Baker Hughes Incorporated
8. Suez S.A.
9. Snf Floerger
10. The DOW Chemical Company
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Water Treatment Chemicals Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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