According to the report published by
Allied Market Research, the global water treatment chemicals market garnered $33.3 billion in 2019, and is projected to generate $46.5
billion by 2027, witnessing a CAGR of 5.1% from 2020 to 2027. The report
provides a comprehensive analysis of changing market trends, key investment
pockets, top winning strategies, major segments, and competitive landscape.
Rise in demand for clean water for
municipal & industrial applications, strict regulations regarding
wastewater discharge, and increase in investments in the industrial sector
drive the growth of the global water treatment chemicals market. However,
availability of alternative water treatment methods and ill-effects of
chemicals during the water treatment hinder the market growth. On the other
hand, utilization of silver-based biocides in water treatment and rise in
demand from emerging countries create new opportunities in the coming years.
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Covid-19
Scenario:
- Ban on manufacturing activities due to
lockdown enforced by governments to curb the spread of coronavirus would
impact the production volume. In addition, there have been delays in raw
material supply, which in turn, would affect manufacturing activities.
- Industrial activities have been either slowed
down or stopped during the first few months of the pandemic. This would
impact the demand at the initial stages. However, the demand would
increase as industrial activities resume post-lockdown.
- Ban on import-export activities and
international trade restrictions would create a supply-demand gap at
end-use industries.
The report provides a detailed
segmentation of the global water treatment chemicals market based on type,
end-use industry, and region.
Based on type, the corrosion
inhibitors segment contributed to the largest market share in 2019, accounting
for more than one-fifth of the total share, and is projected to maintain its
lead status during the forecast period. However, the scale inhibitors &
dispersants segment is estimated to manifest the highest CAGR of 6.1% from 2020
to 2027.
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Detailed COVID-19 Impact Analysis on the Water Treatment Chemicals Market
@ https://www.alliedmarketresearch.com/request-for-customization/1038?reqfor=covid
Based on end-use industry, the
industrial segment accounted for the highest market share, contributing to more
than three-fifths of the total share in 2019, and is expected to maintain its
dominant share by 2027. However, the municipal & others segment is
anticipated to grow at the highest CAGR of 5.2% during the forecast period.
Geographically, Asia-Pacific
accounted for the largest share of the global water treatment chemicals market,
holding nearly two-fifths of the total share in 2019, and will continue its
leadership position during the forecast period. Moreover, the region would
portray the fastest CAGR of
5.4% from 2020 to 2027. The report also discusses regions including North
America, Europe, and LAMEA.
Leading players of the global water
treatment chemicals market are Akzo Nobel N.V., BASF SE, Baker Hughes Company,
Kemira OYJ, Ecolab Inc., SNF Floerger, Lonza Group AG, Suez SA, Solenis LLC,
and the Dow Chemical Company.
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