Water Treatment Additives Market; In-Depth Analysis and Forecast on Market Dynamics, Emerging Trends, Growth Factors
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On the basis of regional outlook, water treatment additives market is segmented into five different regions: Latin America, North America, Europe, Middle East and Africa and Asia Pacific. In the regional market, Asia Pacific has the biggest market for water treatment additives due to the increasing demand from developing country like India.
A large volume of drinking water, approximately 80% which is used for the residential application is obtained from rivers, ocean, reservoirs, and lakes, which are found as contaminated and polluted by various industrial, residential and agricultural pollutants. Industrial pollutants generally come from chemical plants, pulp mills, steel factories and other manufacturing mills. These industries dump all their waste and billion pounds of toxic chemicals in the nearby water bodies, which affect the marine life adversely and also affects the public health via drinking water channels that are connected to the water bodies. The residential pollution also covers a major segment in the pollution of water bodies as large number of household garbage is being dumped in the water bodies, which contains microbes and various bacteria that infect the water and affect humans through drinking water channels. Agricultural pesticides and insecticides are also one of the factors for water pollution in rural areas. Toxic chemicals wash off from the fields into the water bodies causing infections in the aquatic animals and diseases in humans. Thus all these factors are expected to drive the water treatment additives market during the forecast period. Furthermore, lack of freshwater resources with regard to the increasing population is leading towards the greater demand for water treatment additives in the developing countries. A huge amount of water is consumed by the industrial sector as well as the agriculture sector worldwide, so the water treatment additives will be in huge demand, which is probably going to push the market to a great extent. The only challenge for the market players will be the proper distribution facilities of the treated water.
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Some of the key players in water treatment additives market includes Nalco holding company, GE power & water, Kurita water industries, BASF SE, Kemira OYJ, Akzo Nobel N.V, Kemira Chemicals Inc., Lubrizol Corporation, Numatik Engineers Pvt Ltd., PennarEnviro Limited, Primary Chemicals LLC, RX Marine International, TG Water Additives LLC, Tiarco Chemical and others.
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