Jul 27, 2021 (The Expresswire) -- Global " Water Treatment Chemicals Market " (2021-2023) Research Report is a professional and in-depth study on the current state of the Global Water Treatment Chemicals industry. Moreover, research report categorizes the global Water Treatment Chemicals market by top players/brands, region, type and end user. This report also studies the global Water Treatment Chemicals market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors. Regionally, this report categorizes the production, apparent consumption, export and import of Water Treatment Chemicals in North America, Europe, China, Japan, Southeast Asia and India.
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List of TOP KEY PLAYERS in Water Treatment Chemicals Market Report are -
● Accepta ● Akzo Nobel NV ● Albemarle Corp. ● Arch Chemicals Inc. ● Ashland Water Technologies ● BASF Se ● Buckman Laboratories ● BWA Water Additives ● Chemtreat Inc. ● Chemtura Corp. ● Dow Water and Process Solutions ● Ecolab Inc. ● DowDuPont ● General Chemical Performance Products LLC ● GE Water and Process Technologies ● Israel Chemicals ● Kemira Oyj ● Kurita Water Industries Ltd. ● Nalco Co. ● Norit NV ● Occidental Chemical Corp. ● Olin Corp. ● Organo Corp. ● PQ Corp. ● Qemi International Inc. ● Siemens Water Technologies Corp. ● SNF Floerger Zac ● Solvay SA ● Wex Technologies Pvt. Ltd.
"Final Report will add the analysis of the impact of COVID-19 on the In Memory Computing industry."
COVID-19 Impact on Market:
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub, with the presence of and the largest raw material suppliers. The overall market break down due to COVID-19 is also affecting the growth of the bacon market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
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The demand for North America water treatment chemicals market was valued at USD 6,310.10 million in 2017 and is expected to expand at a CAGR of 4.02% during 2018â2023. The market is driven by various factors, such as the rising surface and groundwater pollution, stringent regulations to control produced and wastewater disposal, growing demand from power and industrial applications, and increasing demand from manufacturing and municipal sectors.
Growing Demand from Power and Industrial Applications
The highest use of water is for cooling in the thermal power generation. In terms of energy production, Canada is worldâs fifth largest producer of natural gas and crude oil, and as these industries are expected to deal with a certain amount of effluent wastewater, it would require treatment, which, in turn, is driving the demand of the market. Water treatment chemicals are used in cooling and boiler processes in different industries such as chemical, paper, power plants, and food and beverage. This widespread use will promote market growth over the forecast period. However, the market faces certain drawbacks such as hazardous nature of hydrazine, unawareness regarding chemical water treatment technologies, boiler water treatment, and cooling water treatment, which act as roadblocks to the growth of the market.
Municipal â The Fastest Growing Segment
Municipal is the fastest growing segment mainly due to the government focusing on developing municipal wastewater treatment plants mostly in the urban areas, which will augment the use of water treatment chemicals over the forecast period. The United States Environmental Protection Agency (USEPA) emphasizes on the improvement of water and sewage services, especially in the municipal wastewater treatment area, and estimated capital investment of about USD 600 billion toward its improvement over the coming two decades. The USEPA has also been focusing on supplying clean drinking water and runs a fund called âClean Water State Revolving Fundâ, by which it finances the environmental compliances. Such initiatives, in turn, increase the usage of water treatment chemicals. The use of water treatment chemicals is increasing, owing to a greater demand for purifying drinking water in the country.
United States to Lead the Market
The United States is expected to lead the market for water treatment chemicals market due to the presence of multiple industries in heavy, medium, and small scale categories. Thus, the usage of water treatment chemicals is high in almost all industries. Moreover, due to the presence of a large number of natural gas-fired power plants, coal-fired power plants, nuclear power reactors, and oil-fired power plants in the United States, which constitute 90% of the power produced in the country, these industries also use water treatment chemicals. Few other industries where water treatment chemicals are highly used are food and beverage and chemical manufacturing, where water is treated at many stages of the process. Thus, water treatment chemicals have a high potential for growth over the forecast period.
Notable Developments in Market
January 2018: Ecolab acquired Cascade Water Services, a privately held company based in New York.
Major players: Kemira, Ecolab (Nalco), GE Corporation, Kurita, Solvay, and BASF SE, among others.
Global Water Treatment Chemicals Market Segmentation by Types, By Applications and by Region:
Global Water Treatment Chemicals market is analyses and market size information is provided by regions (countries). Segment by Application, the Water Treatment Chemicals market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report includes region-wise market size for the period 2021-2023. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2021-2023.