Water Treatment Chemicals Market worth 24.94 Billion USD by 2020

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The market for water treatment chemicals is growing progressively and the trend is projected to continue in the next five years. The demand for water treatment chemicals is high, as it is a low-cost procedure for the treatment of supply and drinking water and wastewater. Wide-scale developments in the municipal water treatment, oil & gas, power generation, metal & mining, and desalination industries in emerging countries such as China, India, Brazil, Saudi Arabia, Qatar, and even in the African countries have led to the high demand for water treatment chemicals. The base year considered for the study is 2014, while the forecast period is between 2015 and 2020 for estimating market size of water treatment chemicals.

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Municipal water treatment - Major market for water treatment chemicals

As the population rises globally, the demand for treated water also increases. The consumption for both municipal and industrial purposes is increasing rapidly, as there is a shortage of water resources. Municipalities treat water to meet stringent government regulations. The main function performed by WTCs in municipal water treatment are coagulation and flocculation, anti-foaming, chelation, and disinfection processes. WTCs with a wide variety of properties are used at different stages and operating conditions in the municipal water treatment to mitigate impurities in the water. Increased use in the municipal water treatment in the next five years is expected to further drive the WTCs market.

In terms of value, the U.S. and China together accounted for more than 70% of the global WTCs market, in 2014

The U.S. is the largest market of WTCs globally. China is the largest market and manufacturer in the Asia-Pacific region. The U.S. and China together accounted for a significant share of the global water treatment chemicals market size, in terms of value, in 2014. They are the largest markets in their respective regions and are expected to compete with each other to dominate the market by 2020.

In 2014, North America was the largest market for water treatment chemicals globally, accounting for a large share of the overall water treatment chemicals market, in terms of value. North America and Asia-Pacific together accounted for more than 50% of the global water treatment chemicals market, in terms of value, in 2014. The water treatment chemicals market in these regions is expected to grow substantially between 2015 and 2020, as the acceptance for water treatment chemicals is increasing in these regions.

Companies such as GE Water & Process Technologies (U.S.), Ashland Inc. (U.S.), Kemira Oyj (Finland), Ecolab (U.S.), The Dow Chemical Company (U.S.), Akzonobel N.V. (Netherlands), and BASF SE (Germany) are the dominant market players in the global water treatment chemicals market.

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