Water Treatment Chemicals Market Sales Revenue to Touch $46.5 Billion By 2027 | Major Companies, Strategies and New Trends

According to the report published by Allied Market Research, the global water treatment chemicals market garnered $33.3 billion in 2019, and is projected to generate $46.5 billion by 2027, witnessing a CAGR of 5.1% from 2020 to 2027.

Prime determinants of the market-

Increase in demand for clean water for municipal & industrial applications, strict regulations regarding wastewater discharge, and rise in investments in the industrial sector propel the growth of the global water treatment chemicals market. Nevertheless, accessibility of alternative water treatment methods and ill-effects of chemicals during the water treatment impede the market growth. However, utilization of silver-based biocides in water treatment and increase in demand from emerging countries are anticipated to usher new opportunities in the near future

Download Sample PDF @ https://www.alliedmarketresearch.com/request-sample/1038

Covid-19 Scenario:

► Due to the lockdown and stringent regulation issued by the governments the manufacturing activities have been stopped. This has impacted the production volume. On the other hand, the supply chain disruptions have caused shortage of raw material which further affected the manufacturing activities.

► The halt in industrial activities impacted the demand at the initial stages. However, the relaxation of restrictions are further anticipated to assist the market to recoup soon.

The corrosion inhibitors segment is anticipated to dominate the market by 2027-

Based on type, the corrosion inhibitors segment contributed to the largest market share in 2019, accounting for more than one-fifth of the global water treatment chemicals market, and is projected to maintain its lead status during the forecast period. This is attributed to the increase in demand to prevent corrosion in various equipment from the oil & gas sector, chemical, pulp & paper, and other industries. However, the scale inhibitors & dispersants segment is estimated to manifest the highest CAGR of 6.1% from 2020 to 2027. This is owing to the rise in demand for scale inhibitors to decrease the concentration of scale-forming compounds that accumulate in water and disposal wells, surface equipment, and flow lines.

Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/1038

The industrial segment held the lion's share in 2019-

Based on end-use industry, the industrial segment accounted for the highest market share, contributing to more than three-fifths of the global water treatment chemicals market in 2019, and is expected to maintain its dominant share by 2027. This is attributed to the increase in number of industries that utilize large amount of water in manufacturing processes and rise in water usage. However, the municipal & others segment is anticipated to grow at the highest CAGR of 5.2% during the forecast period. This is owing to growing demand for safe drinking water from the residential and other municipal sector applications.

Asia-Pacific, followed by North America, to lead the trail by 2027-

Based on region, the Asia-Pacific, followed by North America, held the largest share of the global water treatment chemicals market, contributing to nearly two-fifths of the total share in 2019, and will continue its leadership position during the forecast period. In addition, the same region is anticipated to manifest the fastest CAGR of 5.4% from 2020 to 2027. Rise in standards of water quality, strong economic growth, environmental concerns, and infrastructure development of water treatment facilities in the region drive the growth of market in this region.

Key Benefits for Stakeholders

► The report includes in-depth global water treatment chemicals market analysis of different segments and provides market estimations between 2020 and 2027.

► A comprehensive analysis of the factors that drive and restrict the growth of the global water treatment chemicals market is provided.

► Porter's five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.

► Estimations and water treatment chemicals market forecast are based on factors impacting the global water treatment chemicals market growth, in terms of value.

► The key market players are profiled to gain an understanding of the strategies adopted by them.

► This report provides a detailed analysis of the current global water treatment chemicals market trends and future estimations from 2020 to 2027, which helps identify the prevailing market opportunities.

Interested in Procuring this Report? Visit @ https://www.alliedmarketresearch.com/water-treatment-chemicals-market/purchase-options

Leading players of the market-

► Akzo Nobel N.V
► BASF SE
► Baker Hughes Company
► Kemira OYJ
► Ecolab Inc
► SNF Floerger
► Lonza Group AG
► Suez SA
► Solenis LLC
► Dow Chemical Company

Similar Reports:

Sludge Treatment Chemicals Market: https://www.alliedmarketresearch.com/sludge-treatment-chemicals-market

Construction Chemicals Market: https://www.alliedmarketresearch.com/construction-chemicals-market

Rubber Chemicals Market: https://www.alliedmarketresearch.com/rubber-chemicals-market

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow us on LinkedIn and Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.