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Growth in global water treatment chemicals market

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Hydrocarbon Engineering,


According P&S Market Research’s ‘Global Water Treatment Chemicals Market’ report, the global water treatment chemicals market was valued at US$16 853.5 million in 2015, and it is expected to grow at a CAGR of 5.6% during 2016 - 2022.

The major factors driving the growth of the market globally include increasing demand for water and its treatment, and stringent environmental regulations. In addition, the increasing concern of governments in developing countries for providing safe drinking water to their citizens is expected to drive the growth of the water treatment chemicals market.

Among the various types of water treatment chemicals, the coagulants and flocculants segment held the largest share in the global water treatment chemicals market in 2015. The scale inhibitors type segment is expected to witness fastest growth during 2016 – 2022. In the global water treatment chemicals market among the various applications, the municipal water treatment segment held the largest share in the global market in 2015.

In 2015, North America held the largest share in the global water treatment chemicals market with 31.8% share. In 2015, Asia Pacific was the second largest market in the global water treatment chemicals market, accounting for an approximately 29.2% share, which is expected to account for the largest share in the global market by 2022, at 33.0%. The increasing level of urbanisation and rapid industrialisation are some of the major growth driving forces in the Asia Pacific water treatment chemicals market, particularly in countries, such as India and China. China is the largest market for water treatment chemicals in the region; however, India is expected to witness the highest growth in the near future. The rapid growth of the urban population is creating pressure on the existing water infrastructure, which includes the delivery of utility water and the removal and treatment of wastewater. To overcome this situation, various governments in Asia are expected to increase their spending on irrigation and drinking water schemes. Moreover, the economic growth along with industrialisation has increased the demand for water treatment chemicals.


Adapted from press release by Rosalie Starling

Read the article online at: https://www.hydrocarbonengineering.com/refining/03062016/growth-in-global-water-treatment-chemicals-market-3451/


 

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