How Stringent Government Regulations are Driving the Water Treatment Chemicals Market | Top Key Players Are BASF, Solenis, Ecolab, Kemira, SUEZ, SNF, AkzoNobel, Dow

Across the world, rapid industrialization is resulting in heavy discharge of pollutants in water sources. To control water pollution, stringent government regulation have been implemented, which are one of the key drivers for the growth of the water treatment chemicals market. Increasing concern for waterborne diseases and growing adoption of the desalination process are also helping the domain grow. In 2017, the global market was valued at $44,718.3 million by P&S Intelligence, and it is predicted to reach $58,747.7 million by 2023, witnessing a CAGR of 4.7% during the forecast period (2018–2023).

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the water treatment chemicals market is categorized into power generation, municipal water treatment, chemical processing, pulp and paper, food and beverages, metal and mining, oil and gas, construction, and others. Others include medical and agriculture applications. Of these, municipal water treatment has been accounting for the highest consumption of water treatment chemicals till now, with more than 30.0% contribution in 2017. Increasing need of meeting the ever-increasing demand of clean water is driving growth of these chemicals in the municipal use.

the fastest growth in volume sales of these chemicals, is expected in Asia-Pacific (APAC), with a CAGR of 6.3%. The APAC water treatment chemicals market is driven by the rising need for treating the used and contaminated water released from industries, power plants, and construction projects. China and Japan are among the leading countries which account for high consumption of chemicals for treating the waste water. Japan is another leading nation in the market, which has strict environment protection laws which mandate the proper treatment of waste water from housing and industrial processes.

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In recent years, countries such as India, China, and Thailand have witnessed rapid economic growth which is characterized by large-scale industrialization, development of new power projects, and expansion of housing projects. Though the economic growth in these countries have helped in the improvement of lifestyle in these nations, the economic growth in these countries has also resulted in large-scale emission of pollutants in water bodies.

Some of the major players operating in the global water treatment chemicals market are BASF SE, Solenis LLC, Ecolab Inc., Kemira Oyj, SUEZ, SNF s.a.s., Akzo Nobel N. V., Lonza Group Ltd., Buckman Laboratories International Inc., and DowDuPont Inc.

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This release was published on openPR.