Global water treatment chemicals market is expected witness significant market growth over the next seven years. Increase in fresh water demand coupled with expanding population is anticipated to have positive impact on the overall market. Depleting fresh water reserves owing to increasing application in end-use industries such as paper & pulp, manufacturing, food & beverages, power plants, petroleum refining, steel and pharmaceutical is touted to increase water treatment chemicals demand and in turn augment market growth. Paper & pulp industry contributed a key share in water treatment chemicals market growth owing to its use in paper production process and residual sludge before disposal. Chemical and pharmaceutical industry is expected to hold considerable market share owing to high quality water need in various production stages. Increasing pressure from regulatory institutions on industries to use water treatment process on waste water is projected to complement water treatment chemicals market growth. Rising environmental concerns and initiatives in order to modernize municipal facilities due to stringent municipal water standards regarding water management is expected to yield opportunities to industry participants over the forecast period.
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Asia Pacific is expected to remain major global water treatment chemicals market owing to rapid urbanization and increasing water quality standards. Improving sanitation standards due to growing infrastructure in emerging economies such as India and Indonesia is expected to propel market growth. Rising water treatment chemicals need in oil & gas industry owing to exploration activities specifically in South China Sea is anticipated to complement market growth over the forecast period. Europe is slated to witness sluggish water treatment chemicals market growth due to recent economic slowdown and declining industrialization as a result of other growing competitive markets. Middle East is anticipated to observe significant market growth over the forecast period due to increasing water treatment chemicals use in water purification & desalination in the region.
Key players operating in water treatment chemicals market include BASF, BWA Water Additives UK Limited, GE Water & Process Technologies, The Dow Chemical Company,AkzoNobel N.V., Air Products and Chemicals Inc., ProChem, Inc., WaterProfessionals, Cannon Water Technology, Inc., AquaPhoenix Scientific. Other players includeWego Chemical & Mineral Corp., Nalco-Ecolab Company, Fluid Metering, Inc., Syntec Corporation, Del Rey Chemical Co, Hydro Dynamics,Seatex Ltd., Continental Chemical, Barium & Chemicals, Inc., Res-Kem LLC, Universal Chemical, Evoqua Water Technologies and Inc. Beltran Technologies, Inc.
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