Water Treatment Chemicals Market Consumption Expected to Grow 15.3 Million Lbs by 2018 – Report by MarketsandMarkets
(PRWEB) May 24, 2014 -- The report "Water Treatment Chemicals Market By Type (Coagulants & Flocculants, Corrosion Inhibitor, Scale Inhibitors, Biocides, Chelating Agents, Anti-foaming Agents, pH Adjusters & Others) & Application (Industrial & Municipal) - Global Trends & Forecasts to 2018" defines and segments the global water treatment chemicals market with analysis and forecasting of the global revenue and consumption. The water treatment chemicals market consumption will grow from an estimated 12.8 billion lbs in 2013 to 15.3 billion lbs by 2018, with a CAGR of 3.5% from 2013 to 2018.
Browse more than 87 market data tables with 59 figures spread through 280 pages and in-depth TOC on "Water Treatment Chemicals Market". http://www.marketsandmarkets.com/Market-Reports/water-treatment-342.html
The increasing demand for clean water in Asia-Pacific and Africa, and stringent environmental regulations across the world are driving the market for water treatment chemicals, globally. With rising scarcity of water resources, treatment of industrial and municipal water and wastewater has become extremely important across the world. Water treatment chemicals are primarily used to treat harmful impurities in industrial and municipal water and wastewater.
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The global water treatment chemicals market is fragmented and regions such as North America and Europe are in the matured stage. However, the Asia-Pacific market shows huge growth potential in this market. The rising industrial growth and high demand for clean water are the key drivers in this region. The top companies in the water treatment chemicals business include Ecolab-Nalco Company (U.S.); Ashland Inc. (U.S.); Kurita Water Industries (Japan); Lonza Group (Switzerland); AkzoNobel N.V. (The Netherlands), and BASF SE (Germany). The water treatment chemicals industry is going through consolidation activities and inorganic expansion was the preferred growth strategy adopted by the leading players.
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The report identifies various types of water treatment chemicals consumption along with their respective market shares. Coagulants & flocculants are identified as the key chemicals in terms of consumption. However, corrosion and scale inhibitors together represent the highest value share of the market. Biocides and disinfectants are gaining importance in developed nations specifically as a reverse osmosis chemical.
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