Fast Market Research recommends "Water Treatment Chemicals Market - Global Trends & Forecasts to 2019" from Markets and Markets, now available
Boston, MA -- (SBWIRE) -- 01/27/2015 -- Water Treatment Chemicals Market By Type (Corrosion Inhibitor, Scale Inhibitor, Coagulants and Flocculants, Biocides & Disinfectants, Chelating Agents, Anti-foaming Agents, pH Adjusters and Stabilizers, and Others), By Application (Industrial & Municipal) - Global Trends & Forecasts to 2019
The water treatment chemicals market size in terms of value is projected to witness a CAGR of 5.8% between 2014 and 2019 to reach $33,289 million by 2019. Asia-Pacific accounted for the largest share in water treatment chemicals market in 2013. Major growth in the Asia-Pacific region is expected from the power generation and oil & gas applications.
The growth of the water treatment chemicals market is primarily triggered by the huge demand from the Asia-Pacific region and the growing end-use industries. The demand for water treatment chemicals have increased substantially from emerging economies such as Brazil, China, and India. The increasing stringency of the environmental norms is forcing municipal corporations and industries to explore water treatment solutions which in-turn are boosting the demand for water treatment chemicals.
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New product launch was the most preferred strategy among the major players in the water treatment chemicals market, globally. Many companies, offering water treatment chemicals, are actively trying to increase their product portfolio and regional presence to expand their market reach. These companies are trying to enter the low-penetrated markets in the developing regions.
The major players in the water treatment chemicals market are. Nalco-Ecolab Company (U.S.), Kemira (Finland), Ashland Inc. (U.S.), Kurita (Japan), BASF SE (Germany), Air Products and Chemicals Inc. (U.S.), AkzoNobel N.V. (The Netherlands), The Dow Chemical Company (U.S.), BWA Water Additives UK Limited (U.K.), GE Water & Process Technologies (U.S.), Lonza Group Ltd. (Switzerland). These companies registered significant presence among other players in the global water treatment chemicals.
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