WASHINGTON (GLOBE NEWSWIRE) — Vantage Market Research’s recent analysis of the global Water Treatment Chemicals Market finds that growing demand from various end-use segments is expediting market growth. Primarily driven by stringent regulatory and sustainability mandates concerning the environment, the total global Water Treatment Chemicals Market is estimated to reach USD 72.93 Billion by 2028, up from USD 36.2 Billion in 2021, at a compound annual growth rate (CAGR) of 9.3%.
Furthermore, the rising population and rapid urbanization in emerging economies is also anticipated to augment the growth of the global Water Treatment Chemicals Market, states Vantage Market Research, in a report, titled “Water Treatment Chemicals Market by Type (Corrosion inhibitors, Scale Inhibitors, Biocides & Disinfectants, Coagulants & Flocculants), by End-Use (Residential, Commercial, Industrial), by Regions (North America, Europe, Asia Pacific, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.
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Increased Demand from Various End-Use Segments to Fuel the Global Water Treatment Chemicals Market
The increasing demand from various end-use segments is anticipated to augment the growth of the water treatment chemicals market during the forecast period. The various end-use segments that is driving the demand for water treatment chemicals include power, oil & gas, chemical manufacturing, mining & mineral processing, municipal, food & beverage, and pulp & paper, among others. In case of oil & gas industry, water treatment chemicals are mostly used to treat by-products produced during the exploration and downstream petroleum refining processes of oil and natural gas. Various methods that are applied to remove the oil from the contaminated water include changing the specific gravity of oil droplets, increasing overall droplet size, and use of hydro cyclones and centrifuges. Similarly, almost every industry consumes water for numerous applications that require water treatment chemicals to treat the usage of essential water thus augmenting the growth of the market in the years to come.
Rising Population and Rapid Urbanization to Stimulate Market Growth
The increasing population and urbanization in emerging economies like India and China is expected to fuel the growth of the Water Treatment Chemicals Market in the estimated timeframe. The natural environments become degraded with increase in population. With this it is becoming important to ensure that there are sufficient and safe water supplies for everyone. The limited availability of drinkable and clean water in these economies has also led to the recycling of wastewater which is further expected to support the growth of the market. One major solution to this problem is to produce less pollution with improving the way to manage wastewater and treating the water effectively. Furthermore, the rising environmental concerns in these economies are also expected to increase the demand for wastewater treatment chemicals while treating water.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the chemical industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
The report on Water Treatment Chemicals Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Advantages of this Research:
- Evaluate market share for commercial Water Treatment Chemicals market opportunities, track market size, competitive drug sales, synthesis insights for commercial development and licensing.
- Develop tactics and strategies to take advantage of opportunities in the Water Treatment Chemicals market.
- Latest Trends and Market Events and analyze essential events in Water Treatment Chemicals market.
- Develop an in-depth knowledge of competition and analyze sales data to update your brand planning trackers.
- Answer vital business questions; supports decision making in R&D to long term marketing strategies.
- Develop economic models, forecast models, and healthcare frameworks.
Asia Pacific Dominates the Global Water Treatment Chemicals Market
Asia Pacific has dominated the global Water Treatment Chemicals Market in 2021 and is likely to continue the same trend during the forecast period. This is attributable to the increased demand for pre-treated water in emerging economies like India, and China, in the region. Furthermore, the increase in population and accelerated rate of urbanization are also expected to support the regional growth of the market.
North America is likely to witness substantial growth in the Water Treatment Chemicals Market during the forecast period. This is attributable to the increased penetration of water treatment facilities due to the increase in oil and gas sector in the region. Additionally, the increasing stringent government regulations and growth in production, consumption, and supply of energy are also expected to support the growth of the Water Treatment Chemicals Market in near future.
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List of Prominent Players in the Water Treatment Chemicals Market:
- BASF SE (Germany)
- Ecolab Inc. (US)
- Solenis LLC (US)
- Akzo Nobel N.V. (Netherlands)
- Kemira OYJ (Finland)
- Baker Hughes (US)
- Lonza (Switzerland)
- The Dow Chemical Company (US)
- Snf Floerger (France)
- Suez S.A. (France)
Important questions answered in this report:
- What is the estimated market size and growth rate of the Water Treatment Chemicals Market?
- Which segments are included in the Water Treatment Chemicals Market?
- Which top companies are active in the Water Treatment Chemicals Market?
- What are the major driving factors for the growth of the Water Treatment Chemicals Market?
- How can I get free sample reports or study of Water Treatment Chemicals Market?
March, 2021: SUEZ announced to sign a contract for a large wastewater treatment project and has been awarded an associated 10-year service agreement with Irkutsk Polymer Plant of Irkutsk Oil Company. Through its Water Technologies & Solutions business, SUEZ will supply critical water technology for the new plant and will guarantee performance and membrane replacements for the duration of the service agreement.
January, 2019: BASF announced its complete merge with Solenis. The combined entity aims to deliver additional value for paper and water treatment customers.
This market titled “Water Treatment Chemicals Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
|Market Size in 2021||USD 36.2 Billion|
|Projected Market Size in 2028||USD 72.93 Billion|
|CAGR Growth Rate||CAGR of 9.3% form 2022–2028|
|Historic Years||2016 – 2020|
|Forecast Years||2022 – 2028|
|Segments Covered||Type:- Corrosion inhibitors, Scale Inhibitors, Biocides & Disinfectants
End-Use:- Residential, Commercial, Industrial
Regions:- North America, Europe, Asia Pacific
|Quantitative Data – Units||Revenue in USD Million/Billion and CAGR from 2022 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Purchase Options||Request customized purchase options to meet your research needs. Explore purchase options|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
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