Water Treatment Chemicals Market is Forecasted to Reach $58,747.7 Million by 2023: P&S Market Research

NEW YORK, May 24, 2018 (GLOBE NEWSWIRE) — Global water treatment chemicals market is projected to reach $58,747.7 million by 2023, the market growth is mainly driven by increasing water pollution and the growing need of clean as well as hygienic water worldwide.

Based on type, the water treatment chemicals market is categorized into coagulants and flocculants, corrosion inhibitors, scale inhibitors, chelating agents, biocides and disinfectants, PH adjusters and stabilizers, anti-foaming agents, oxygen scavengers, oxidants, and others. Of these, coagulants and flocculants was the largest type in the market, contributing a revenue share of more than 30.0% in 2017. The largest share of the type is attributable to their wide usability in textiles, food, slaughterhouses, and power generation applications, over other types.

On the basis of application, the water treatment chemicals market is categorized into power generation, municipal water treatment, chemical processing, pulp and paper, food and beverages, metal and mining, oil and gas, construction, and others. Others include medical and agriculture applications. Of these, municipal water treatment has been accounting for the highest consumption of water treatment chemicals till now, with more than 30.0% contribution in 2017. Increasing need of meeting the ever-increasing demand of clean water is driving growth of these chemicals in the municipal use.

Request to get the sample pages: https://www.psmarketresearch.com/market-analysis/water-treatment-chemicals-market/report-sample

During the forecast period, the fastest growth in volume sales of these chemicals, is expected in Asia-Pacific (APAC), with a CAGR of 6.3%. The APAC water treatment chemicals market is driven by the rising need for treating the used and contaminated water released from industries, power plants, and construction projects. China and Japan are among the leading countries which account for high consumption of chemicals for treating the waste water. Japan is another leading nation in the market, which has strict environment protection laws which mandate the proper treatment of waste water from housing and industrial processes. With the growing consciousness and need to preserve the fresh water, the water treatment chemicals market is expected to grow during the forecast period in the region.

In recent years, countries such as India, China, and Thailand have witnessed rapid economic growth which is characterized by large-scale industrialization, development of new power projects, and expansion of housing projects. Though the economic growth in these countries have helped in the improvement of lifestyle in these nations, the economic growth in these countries has also resulted in large-scale emission of pollutants in water bodies. Due to the growing concern of water pollution in these countries, the need for water treatment is also mushrooming, thus providing lucrative growth opportunities for the water treatment chemicals market in the coming years.

Browse report overview with detailed TOC on “Water Treatment Chemicals Market” at:https://www.psmarketresearch.com/market-analysis/water-treatment-chemicals-market

Some of the major players operating in the global water treatment chemicals market are BASF SE, Solenis LLC, Ecolab Inc., Kemira Oyj, SUEZ, SNF s.a.s., Akzo Nobel N. V., Lonza Group Ltd., Buckman Laboratories International Inc., and DowDuPont Inc.

More Reports by P&S Market Research

Bio-Based PET Market

In terms of volume, North America is estimated to hold the second-largest share, of 15.3%, in the bio-based PET market, in 2017. The market is primarily driven by the presence of a large number of bio-derived PET bottle manufacturers, such as The Coca-Cola Company, Origin, PepsiCo Inc., and M&G Chemicals SA.

https://www.psmarketresearch.com/market-analysis/bio-based-pet-market

Waste Heat Recovery Market

The economic development of any country across the world is vastly dependent on its industrial growth. Energy and electricity are the crucial factors in determining the operational cost of an industry; therefore, all industries require energy and electricity at reasonable prices.

https://www.psmarketresearch.com/market-analysis/waste-heat-recovery-market

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research-based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:
P&S Market Research

347, 5th Ave. #1402

New York City, NY – 10016

Toll-free: +1-888-778-7886 (USA/Canada)

Email: enquiry@psmarketresearch.com

Web: https://www.psmarketresearch.com

Connect with us: LinkedIn | Twitter | Google + | Facebook