The global water
treatment chemicals & technology market is expected to reach USD
175.77 billion by 2022, according to a new report by Grand View Research, Inc.
Rising demand for water on account of positive manufacturing sector outlook in
countries of China, India, and Middle East is expected to act as a major driver
for industry growth.
Increasing investment in the oil & gas industry by
Russia and China owing to favorable support for the promotion of FDI along with
deployment of technology is expected to increase waste water treatment
application. However, high operating cost associated with water treatment is
expected to be a major challenge for growth.
Increasing use of pumping systems in utility scale
water treatment is expected to drive market demand. The product category
accounted for over USD 90 billion in 2014 and is expected to grow at a CAGR of
4.9% from 2015 to 2022. Growing utilization of pumping systems in utility and
household water treatment has resulted in a consolidated market with major
players increasing investment to gain competitive advantage.
Browse full research report on Water Treatment Chemicals & Technology Market: https://www.grandviewresearch.com/industry-analysis/water-treatment-chemicals-market
Further
key findings from the report suggest:
- Ultra filtration is expected to witness fastest growth among the
membrane separation segments, growing at a CAGR of over 10% from 2015 to
2022. Emergence of ultra filtration as a replacement to traditional
filters in high purity water systems on account of their ability to remove
high molecular-weight substances, colloidal materials, and organic &
inorganic polymeric molecules is expected to have a positive impact.
- Corrosion and scale inhibitors are expected to witness highest
gains growing at a CAGR of over 5% from 2015 to 2022 on account of
increasing usage in rust protection. They are extensively used in the
manufacturing and oil & gas industry, particularly in North America.
- Rising production of fuel using unconventional sources such as
shale gas and tight oil in the U.S. and Canada on account of deployment of
hydraulic fracturing at domestic level is expected to stimulate the oil
& gas sector. This in turn is expected to increase penetration of
water treatment chemicals and technology over the forecast period.
- Key manufacturers include BASF, Ecolab Inc., Ashland, ITT
Corporation, KSB Pumps, and Dow Chemical. Product innovation and
establishment of strategic partnerships with buyers is expected to remain
a critical success factor for manufacturers.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/water-and-industrial-sludge-treatment
Grand
View Research has segmented the global water treatment chemicals &
technology market on the basis of product and region:
Water
Treatment Chemicals & Technology Product Outlook (Revenue, USD Million,
2012 - 2022)
- Pumping
Systems
- Pumps
- Valves &
controls
- Automation
systems
- Chemicals
- Coagulants
and flocculants
- Anti-foamants
and defoamers
- Corrosion
and scale inhibitors
- Activated
carbon
- Biocides
- Others
- Membrane
Separation
- Reverse
osmosis
- Ultra
filtration
- Microfiltration
- Electrodialysis
- Gas
separation & others
Water
Treatment Chemicals & Technology Regional Outlook (Revenue, USD Million,
2012 - 2022)
- North America
- Europe
- Asia Pacific
- RoW
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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