Water Treatment Chemicals Market Share Revenue Status and Growth Forecast 2023
Water Treatment is a widely used process which has witnessed an increase in demand due to increasing water scarcity issues. Market Research Future’s (MRFR) report on the Global HEDP Market has found that the market is expected to witness consistent growth over the forecast period of 2016 to 2023.
The growing demand for treated water in various end-use industries is a significant driver which is a result of the rapid growth of these industries. Water Treatment Chemicals include a wide variety of physical and chemical methods. There is a high demand for clean water due to the ever-increasing global population. Moreover, stringent environmental regulations with regards to Water Treatment and the high cost of fresh water are driving the demand for effective and regulation compliant water treatment chemicals. Alternative water treatment technologies which avoid the use of chemicals are likely to hamper the growth to some degree. However, at the moment, there is a robust demand for Water Treatment Chemicals from rapidly emerging markets which will offer market growth opportunities.
Latest Industry News
The Evansville Water and Sewer Utility in the US are temporarily changing water disinfectants used in water treatment for close to a month. The temporary change is a standard practice which helps maintain clean water mains.
Market players who lead the market among others have been analyzed extensively in MRFR’s report and include prominent players such as Akzo Nobel N.V., Chembond Chemicals Limited, Bionics Advanced Filtration Systems (P) Ltd., DowDuPont, Inc., Thermax, BASF SE, ChemTreat Inc., Wilh. Wilhelmsen Holding ASA, Culligan, Lenntech B.V., Aries Chemical, Inc., Chemtex Speciality Limited, Accepta Water Treatment, Aquaquest Water Treatment Chemicals, and INDOCHEM.
MRFR’s report offers a segmental analysis of the market based on Type, End-Use Industry, and Region. Based on Type, the market is categorized by scale inhibitors, chelating agents, biocides & disinfectants, corrosion inhibitors, coagulants & flocculants, pH adjusters & stabilizers, oxidants, anti-foaming agents, oxygen scavengers, algaecides, and others.