November 02, 2018
WELLESLEY, Mass., Nov. 02, 2018–Population growth, concerns over water cleanliness and increasingly strict government regulations are all helping to sustain growth in the specialty water treatment chemicals market, according to a report by BCC Research.
The industry expects to see a compound annual growth rate (CAGR) of 6.2% through 2023, when it could be worth nearly $46.5 billion, according to the report Specialty Water Treatment Chemicals: Technologies and Global Markets.
Major players in the market include Acciona Agua, BASF (BFFAF), Chemfax Products, Dow Water & Process Solutions, Ecolab (ECL), Feedwater, Golder Associates, Hawkins, Innospec (IOSP), Italmatch Chemicals, Kurita Water Industries (KTWIF), Layne Christensen, Midwest Custom Chemicals, Nalco Holding, Occidental Chemical, Pall and SNF Floerger.
“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,” noted report author Srinivasa Rajaram. “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.”
Market Challenges Include Aversion to Chemical Treatments, Alternative Technologies
A number of factors are challenging the market, the report adds. Chief among them is a general aversion to chemical treatment technologies; alternative technologies that minimize chemical use will enhance expansion of the market in the future. Other challenges include alternative technologies substituting for chemicals, patent expiration and consolidation of the market by major players.
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Specialty Water Treatment Chemicals: Technologies and Global Markets( CHM013J )
Publish Date: Oct 2018
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