Posted On: 1970-01-01
China would account for the highest growth rate over the coming years in the water & wastewater treatment chemicals market in the Asia Pacific region – 6Wresearch
Government initiatives such as “Hazardous Waste Rule of India” and “Waste Management Act of Japan”coupled with the rising health concerns have propelled the growth of Asia Pacific water & wastewater treatment chemicals market over the coming years. Further, rapid economic development is likely to drive the growth of several industries such as oil & gas, municipal, power generation etc. thereby giving tremendous boost to the water & wastewater treatment chemicals market in the APAC region. Moreover, rising demand for green chemicals is expected to create ample opportunities for the water & wastewater treatment chemicals manufacturers over the coming years in the APAC region.
According to 6Wresearch, Asia Pacific water & wastewater treatment chemicals market is anticipated to grow at a CAGR of 5.7% during 2019-2025. Growing investment in the wastewater treatment plants along increasing awareness regarding hygiene has catalyzed the municipal segment, thereby bolstering water & wastewater treatment chemicals market in the APAC region.
According to Gurbani, Senior Research Analyst, 6Wresearch, “Rising environmental and health concern is considered as one of the key factors leading to significant growth of biocide & disinfectant treatment chemicals segment in the market. Coagulant & Flocculant treatment chemicals held a major market share in 2018 on account of its extensive utilization in various industries particularly oil & gas and power sectors.
“China and Japan are the leading revenue generating countries in the APAC water & wastewater treatment chemicals market in 2018. However, India is expected to grow at a significant rate over the coming years owing to rise in industrial activities which leads to the production of huge quantities of wastewater, thereby augmenting the water & wastewater treatment chemicals market.” Gurbani further added.
According to Swati Acharya, Research Associate, 6Wresearch, “The power segment holds a dominant market in 2018 and is expected to retain the same over the coming years owing to rise in the number of electric generation plants which demands huge quantities of water for various processes. These plants in turn produces industrial wastewater which needs to be treated before being discharged into the water bodies, thereby driving the water & wastewater treatment chemicals market in the power sector. However, stringent environmental regulations along with growing concern for the depleting water resources would propel the water & wastewater treatment chemicals market in the municipal segment over the coming years.”
Some of the major companies in the APAC water & wastewater treatment chemicals market include Dow Chemicals, Veolia Water Technologies, Nalco Chemicals and Kurita Chemicals.
“Asia Pacific Water & Wastewater Treatment Chemicals Market (2019-2025)" report provides an in-depth analysis with 68 figures with 8 tables, covered in 200 pages. The report estimates and forecast the overall Asia Pacific water & wastewater treatment chemicals market by Product types, by verticals and by countries including China, India, Indonesia, Japan and rest of the Asia Pacific region. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.