Deerfield Beach, FL -- (SBWIRE) -- 08/10/2017 -- Zion Market Research has published a new report titled "Water Treatment Chemicals Market (Corrosion Inhibitor, Scale Inhibitor, Coagulants and Flocculants, Biocides & Disinfectants, Chelating Agents, pH Adjusters and Stabilizers, Others) For Industrial and Municipal Applications – Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020." According to the report, global demand for water treatment chemicals market was valued at around USD 23.50 billion in 2014 and is expected to generate revenue of USD 32.50 billion by end of 2020, growing at a CAGR of around 5% between 2015 and 2020.

Water treatment chemicals are chemical compounds used to remove impurities from water. Water treatment chemicals are mostly used to treat municipal water. At present, water treatment chemicals are used in the treatment of agricultural wastewater. Water is generally treated to balance TDS (Total Dissolved Solids), hardness, pH, and alkalinity of water to be used for different purposes. Water treatment is, collectively, the industrial-scale processes that make water more appropriate for an end-user, which may be drinking, or medicine.

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Water treatment chemicals market is mainly driven by strong demand for corrosion inhibitor and scale inhibitors. Rapidly growing population and government regulations are the key factors expected to fuel the demand for water treatment chemicals. Increasing raw material prices is expected to be one of the major restraining factors for water treatment chemicals market.

On the basis of product segment, water treatment chemical market can be segmented as a corrosion inhibitor, scale inhibitor, coagulants and flocculants, biocides & disinfectants, chelating agents, pH adjusters and stabilizers, others. Water treatment chemicals market is dominated by corrosion inhibitor and scale inhibitor segment. Coagulants and flocculants are major markets for water treatment chemical. Coagulants and flocculants both accounted for the largest share over 25 % of the global water treatment chemicals market in 2014. It is also expected to grow at CAGR of 5.9% during the forecast period. The pH adjusters and stabilizers, coagulants and flocculants, biocides & disinfectants and chelating agents are also expected to grow in the years to come.

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Industrial and municipal are the key application segments of water treatment chemicals market. Industrial segment is included in sub-segment such as power generation, food & beverage, chemical processing, pulp & paper, oil & gas. Industrial segment dominated the water treatment chemical market. Municipal water treatment facilities will also support demand for water treatment chemicals in developing areas. The industrial segment requires water for cooling, and tolerance in the application including Power generation, food & beverage, chemical processing, pulp & paper, oil & gas.

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Asia Pacific was the leading regional market for water treatment chemicals market with highest volume consumption in 2014. Asia Pacific was followed by the North America and Europe. Growing demand for Industrial growth and clean or fresh water in Asia Pacific is expected to fuel the growth of water treatment chemicals market in the region. North America is the second leading market in water treatment chemicals market. Europe and North America both accounted for over 45% share of the water treatment chemicals market in 2014.

Some of the key players in global water treatment chemicals market include 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).

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