Water and Wastewater Treatment Chemicals Market to Surpass $ 37 Billion by 2027
Implementation
of stringent environmental norms in response to aggravating water pollution and
scarcity to drive global water and wastewater treatment chemicals market
through 2027
According to
TechSci Research report, “Global
Water and Wastewater Treatment Chemicals Market By Application, By Type, By
Region, Competition Forecast & Opportunities, 2013 – 2027’’, the
global water and wastewater treatment chemicals market is forecast to cross $ 37
billion by 2027 on account of growing focus on water scarcity and degrading
water quality. Moreover, stringent environmental mandates and various
legislative regulations by government agencies across the world are further
driving the sales of water and wastewater treatment chemicals. Increasing
applications of water and wastewater treatment chemicals in municipal,
industrial and power sectors are also anticipated to aid the global water and
wastewater treatment chemicals market through 2027.
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An increasing number of leading companies
operating in the water and wastewater treatment chemicals market are developing
and testing effective wastewater treatment chemical formulations, owing to
widely expanding applications in various end user industries. On account of
higher efficiency in removing phosphorous impurities in overloaded municipal
and industrial wastewater treatment plants, coagulants & flocculants dominated
the global water and wastewater treatment chemicals market in 2017, and the
segment is expected to maintain its dominance through 2027. Declining cost of medium and large sized
desalination projects due to lower energy consumption and extended membrane
lifespan and productivity is boosting the sales of water and wastewater
treatment chemicals, globally. Some of the major manufacturers of water and
wastewater treatment chemicals include Ecolab Inc., BASF SE, Kemira Oyj, Kurita
Water Industries Ltd., Solenis LLC, etc.
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“Asia-Pacific is
anticipated to register the fastest growth in the global water and wastewater
treatment chemicals market during the forecast period as the region is
witnessing escalated adoption of water and wastewater treatment technologies
including Zero-Liquid Discharge, seawater desalination and membrane
technologies. Rapid industrialization coupled with increasing spending on the
improvement of water and sewerage infrastructure is expected to catalyze the
demand for water and wastewater treatment chemicals across the region over the
course of next decade.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Water
and Wastewater Treatment Chemicals Market By Application, By Type, By Region,
Competition Forecast & Opportunities, 2013 – 2027” has evaluated
the future growth potential of the global water and wastewater treatment
chemicals market and provides statistics and information on market size,
structure and trends. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in the global water and
wastewater treatment chemicals market.
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