Posted On: 2020-02-12
Brazil would witness the highest growth rate over the coming years in the water & wastewater treatment chemicals market in Latin America – 6Wresearch
Huge demand for pure water in various industries such as oil & gas and power segments are expected to fuel the demand for water & wastewater treatment chemicals market in the Latin America. Moreover, rising urbanization has resulted in the growth of petrochemical industries which have positively influenced the market. Further, government has come up with a number of acts and regulating bodies such as “Water Management Act”, “National Water Quality Monitoring Network” etc regarding the discharge of wastewater into the water bodies, thereby boosting the water & wastewater treatment chemicals market in Latin America.
According to 6Wresearch, Latin America water & wastewater treatment chemicals market is expected to grow at a CAGR of 3.1% during 2019-2025 on account of the rising environmental degradation and increasing health concerns. Additionally, growing investment for the sludge treatment plants have boosted the market in the Middle East region.
According to Gurbani, Senior Research Analyst, 6Wresearch, “Coagulants & Flocculants treatment chemicals are anticipated to grow at a substantial rate over the coming years owing to its low cost and extensive use in various industries such as municipal segments.”
“Brazil is the leading revenue generating country in the Latin America water & wastewater treatment chemicals market due to favorable government policies and programs such as “National Solid Waste Policy” for the wastewater recycle and reuse.” – Gurbani further added.
According to Swati Acharya, Research Associate, 6Wresearch, “Power sector is anticipated to grow at a decent rate in the Latin America water & wastewater treatment chemicals market as electric power generation systems consumes huge quantity of water for various processes, which needs to be treated properly before being discharged into water bodies.”
Some of the major companies in the Latin America water & wastewater treatment chemicals market include Dow Chemicals, Veolia Water Technologies, Ecolab and Kurita Chemicals.
“Latin America Water & Wastewater Treatment Chemicals Market (2019-2025)" report provides an in-depth analysis with 36 figures with 04 tables, covered in 200 pages. The report estimates and forecast the overall Latin America water & wastewater treatment chemicals market by product types, by v and by countries including Brazil, Mexico and rest of Latin America. 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.