Prognosis: How COVID-19 crisis impact the Specialty Water Treatment Chemical Market

Post COVID-19 Impact on Specialty Water Treatment Chemical Market

With the emergence of the COVID-19 crisis, the world is fighting a health pandemic as well as an economic emergency, almost impacting trillions of dollars of revenues.

Research Dive' group of skilled analysts provide a solution to help the companies to survive and sustain in this economic crisis. We support companies to make informed decisions based on our findings resulting from the comprehensive study by our qualified team of experts.

Our study helps to acquire the following:

• Long-term and short-term impact of Covid-19 on the market

• Cascading impact of Covid-19 on Specialty Water Treatment Chemical Market, due to the impact on its extended ecosystem

• Understanding the market behaviour Pre- and Post-COVID-19 pandemic

• Strategy suggestions to overcome the negative impact or turn the positive impact into an opportunity

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Pre COVID-19 Analysis on Specialty Water Treatment Chemical Market

Specialty water treatment chemicals market is predicted to generate a revenue of $53,465.0 million by 2026 with a CAGR of 6.1% in the estimated period.

Biocides segment is predicted to have the maximum share over the forecast period @ https://www.researchdive.com/purchase-enquiry/141

Specialty water treatment chemicals are the chemicals used to remove waste particles such as solid waste, bacteria, fungi, and other unwanted minerals from wastewater for the purification of water. The treatment involves both, chemical and physical, processes for removing impurities from wastewater. Mostly, chemical treatment involves boiler water treatment, cooling water treatment, purification of water and treatment of wastewater effluent.

Specialty Water Treatment Chemical Market Segmentation by Type

• Anti-Foaming Agents
• Biocides
• Coagulants
• Flocculants
• Corrosion Inhibitors
• Disinfectants
• Others

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The government rules and regulations for conserving water are predicted to be the major driving factor for the specialty water treatment chemical market in the estimated period. The government across the globeis concerned about the growing population and the availability of water for their basic need is thebiggest problem. So, government of various countries are focused on cleaning the wastewater for reuse, which is predicted to boost the sale of the specialty water treatment chemical market over the estimated period.

Specialty Water Treatment Chemical Market Segmentation by End Use Industry

• Chemicals
• Energy & Power
• Industrial
• Metallurgy
• Municipal
• Oil and Gas
• Pulp & Paper
• Others

There are various alternative ways of cleaning wastewater, includingbiological treatment, physical treatment and sludge treatment, which is predicted to hamper the growth of the Specialty Water Treatment Chemical Market in the estimated period.

The ecofriendly way of treating wastewater is predicted to create a huge opportunity for the specialty water treatment chemical market. The ecofriendly wastewater treatment system is developed to provide an efficient method to purify wastewater at lesser cost.

Corrosion inhibitorssegment is predicted to have the highest growth rate over the estimated period, generating a revenue of $7,752.4 million with a CAGR of 6.6% in the estimated period.Corrosion inhibitorsare applied to sewage tanks and pipes forming a surface layer which controls the wastage of water. Corrosion inhibitorsenable oxidation which helps in the further decomposition of the impurities in water. It is predicted that the corrosion inhibitors segment type will boost the overall market in the estimated period.

Energy &power segment is predicted to have the highest growth rate over the estimated period.This segmentis predicted to generate a revenue of $7,164.3 million with a CAGR of 6.6% in the estimated period.Use of these productshelp in saving energy through energy efficiency improvement which can cost less than generating, transmitting and distributing energy from power plant, providing multiple economic and environmental benefits. These factors are predicted upsurge the energy & power segment in the estimated period.

North America is predicted to have the highest growth rate over the estimated period. This region is predicted to generate a revenue of $8,456.3 million with a CAGR of 7.0% in the forecast period. The existence of large numberof major enterprises, increased discretionary income and better living standards is predicted to boost the North America region market in the estimated period. Asia-Pacific market is predicted to have the highest market share in the estimated period. The market in this region is predicted to grow due to the strict government regulation with the rise in the population.

KEY PLAYERS

1 Novozymes A/S
2 Evonik Industries AG
3 Clariant AG
4 Rhodia S.A.
5 Chemtura Corporation
6 Huntsman International LLC.
7 AkzoNobel N.V.
8 Bayer AG
9 The Dow Chemical Co.,
10 BASF SE

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This release was published on openPR.