July 20,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Water Treatment Chemical Market.
Water Treatment is a process that is used to improve the water quality, making it appropriate for various purposes such as drinking and industrial applications. Treating water means removing its contaminations or at least reduce its concentration to make it usable. Numerous varieties of chemicals are used for this purpose.
Water treatment Chemical Market has a wide range of applications in wastewater, industrial water, and portable water. The market for water treatment chemicals is subjected to grow at a healthy CAGR of 6.0% over the next five years to reach US$ 35 billion by 2026.
For ease of analysis, the water treatment market is segmented into types, namely Chemical type, End-user type, and Region type. Based on the chemical type, the water treatment market is segmented as corrosion inhibitors, coagulants, flocculants, PH adjusters, biocides, disinfectants, scale inhibitors, and others. Despite being hit adversely in 2020, the corrosion inhibitor is expected to remain the largest and the fastest-growing chemical type in the market during the forecast period. They are mainly used for industrial water treatment.
Based on the end-user type, the market is segmented as Paper & Pulp, Power Generation, Metals & Mining, Refining, Wastewater, Municipal, and others. Power generation is expected to remain the biggest demand generator for these chemicals during the forecast period. The power generation industry is one of the major sources of industrial wastewater, which contains substantial levels of toxic metal impurities such as lead, mercury, arsenic, and chromium. These impurities can cause harm to the environment, if not treated properly. Thus, the power generation industry needs water treatment chemicals in a significant amount, creating a decent market for the same.
In terms of regions, Europe and North America are well-established markets for water treatment chemicals. However, Asia Pacific is expected to emerge as the largest as well as the fastest-growing market for water treatment chemicals during the forecast period. This was mainly due to the growing population coupled with the increasing demand for clean and fresh water for human and industrial needs.
Key Players:
• SUEZ
• Nalco-Ecolab company
• Solenis
• Nouryon
• Kemira Oyj
• Kurita Water Industries Ltd
• The Dow Chemical Company
• SNF Group
• Veolia Water
• Buckman
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Water Treatment Chemical Market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors