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Water Treatment Chemicals and Technology Market Shows Highest Growth Potential

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. 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.


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.

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.

To Know More About Water Treatment Chemicals & Technology Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/water-treatment-chemicals-market

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.

Top Players of Water Treatment Chemicals and Technology Market:

Key manufacturers include BASF, Ecolab Inc., Ashland, ITT Corporation, KSB Pumps, and Dow Chemical.

Market Segmentation of Water Treatment Chemicals and Technology Market:

The Global Water Treatment Chemicals & Technology Market segmented on the basis of Product and Region.

By Product:

    Pumping Systems
        Pumps
        Valves & controls
        Automation systems
    Chemicals
        Coagulants and flocculants
        Anti-foamants and defoamers
        Corrosion and scale inhibitors
        Activated carbon
        Biocides
    Membrane Separation
        Reverse osmosis
        Ultra filtration
        Microfiltration
        Electrodialysis
        Gas separation

By Region:

    North America
    Europe
    Asia Pacific
    RoW

Inquire about Water Treatment Chemicals & Technology Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1917
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