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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 resu