Global Water Treatment Chemicals Market to Reach US$ 62 Billion by 2024
On account of the rising global population and rapid industrialization, freshwater resources are constantly depleting. In order to meet the ever-increasing demand, water recycling and treatment techniques are being adopted by the oil and gas, power, and mining sectors, which is providing a boost to the market growth.
Global Water Treatment Chemicals Market Summary:
On the basis of types, the market has been categorized into coagulants and flocculants; scale and corrosion inhibitors; pH adjusters and softeners; biocides and disinfectants; defoaming agents; and others. Amongst these, coagulants and flocculants are the most popular products, accounting for the majority of the total market share.
Based on end-users, the market has been divided into municipal, power, oil and gas, chemical, mining, food and beverage, pulp and paper, and others. At present, the municipal sector holds the biggest market share.
On a geographical front, the market has been segregated into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Currently, Asia Pacific exhibits a clear dominance, holding the leading position in the market.
The competitive landscape of the global market has been analyzed with some of the key players being BASF SE, Ecolab Inc., Kemira OYJ, Solenis LLC, Akzo Nobel N.V., Baker Hughes Incorporated, Lonza, The DOW Chemical Company, SNF Floerger and Suez S.A.