Posted On: 2020-02-06
North America holds a dominant market share in the water & wastewater treatment chemicals market globally - 6Wresearch.
Depleting freshwater resources along with increasing industrial activities are expected to drive the growth of water & wastewater treatment chemicals market globally. The government has initiated various initiatives worldwide such as “Effluent Charges Act”, “Wastewater Treatment Policy” etc. for the treatment and the reuse of wastewater which would positively influence the growth of the market. Further, rising demand for green chemicals would also spur the growth of water & wastewater treatment chemicals.
According to 6Wresearch, Global water & wastewater treatment chemicals market is expected to grow at a CAGR of 4.3% during 2019-2025, due to rising water contamination and increasing awareness regarding human health. Moreover, wastewater treatment is employed in a number of industries such as oil & gas, food & beverages, municipal segments etc. in order to meet the required water quality standards.
According to Gurbani, Senior Research Analyst, 6Wresearch, “Coagulant & flocculant treatment chemicals segment is anticipated to grow at a significant rate on account of its cost-effective nature and its utility in various industries during the forecast period.”
“Based on product types, biocide & disinfectant treatment chemicals segment is projected to witness substantial growth due to the rising awareness regarding health and growth in the municipal segment.” – Gurbani further added.
According to Swati Acharya, Research Associate, 6Wresearch, “The water & wastewater treatment chemicals market in North America holds a prominent market share owing to growth in the municipal segment and favorable government policies. However, treatment chemicals market is expected to grow at a fast pace over the coming years on account of rising urbanization, growth in the industrial sectors and stringent environmental regulations.”
Some of the major companies in the Global water & wastewater treatment chemicals market include Dow Chemicals, Veolia Water Technologies, Buckman, Kurita and Others.
“Global Water & Wastewater Treatment Chemicals Market (2019-2025)" report provides an in-depth analysis with 53 figures with 32 tables, covered in 300 pages. The report estimates and forecast the overall Global water & wastewater treatment chemicals market by product types, by v, by regions including North America, Latin America, Europe, Asia Pacific, Middle East, Africa and key countries. 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.