Water Treatment Chemicals Market To Report Impressive Growth
With the presence of a large pool of participants, the global PBTCA market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). BASF SE, AkzoNobel N.V., Kemira OYJ, Danaher Corporation, and The Dow Chemical Company are some of the key vendors of water treatment chemicals across the world. These players across water treatment chemicals market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the water treatment chemicals market study.
Citing an instance, in August 2018, Hydrus Technology, a key Australian-based player across wastewater treatment industry, introduced HTX solutions for effectively treating wastewater streams. The CEO of the firm stated that its HTX electrochemical wastewater treatment technology will provide effective wastewater treatment results at reasonable costs.
In a major development witnessed across ballast water treatment industry, in December 2017, Kurita Water Industries Ltd proclaimed that it created S.sensing?WS, an innovative TRO meter system for ballast water treatment. Experts believe that that strategic move is anticipated to spur the growth of water treatment chemicals market in the near future.
As estimated in this report, the global water treatment chemicals market stood at US$ 28.5 billion in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in water treatment chemicals market is expected to reach US$ 56.57 billion by the end of the forecast period. The main types available in water treatment chemicals market are anti-foaming agents, pH adjusters, chelating agents, corrosion and scale inhibitors, biocides, and coagulants and flocculants. Among them, the demand for corrosion and scale inhibitors is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
“Paramount requirement of clean water along with strict laws governing pollutant treatment before its discharge in water is expected to haul up the growth graph of water treatment chemicals market in the coming years,” says the author of this study. Apart from this, inflating population and large-scale industrialization witnessed across the globe will steer the water treatment chemicals market trends over the ensuing years.