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Water and wastewater treatment industry to grow at 4.5%

Staff writer ▼ | March 11, 2014
According to a report by TechSci Research "Global Water& Wastewater Treatment Chemicals Market Forecast & Opportunities, 2018", the global market for water and wastewater treatment chemicals is projected to grow at a CAGR of about 4.5% in revenue during 2013-20818.
Water treatment
Water treatmentAccording to a report by TechSci Research "Global Water& Wastewater Treatment Chemicals Market Forecast & Opportunities, 2018", the global market for water and wastewater treatment chemicals is projected to grow at a CAGR of about 4.5% in revenue during 2013-20818.


The global market is highly fragmented, especially in emerging markets such as China and India, with the presence of a large numbers of small players involved in offering few types of water treatment chemicals.

The report highlights that Kemira Oyj is expected to continue its domination in water treatment chemicals market, globally, over the next five years. On the other hand, Ecolab Inc., GE Water, Process Technologies and Kurita Water Industries Ltd. are expected to increase their focus on high performance products like green chemicals, nanotechnology based products, etc.

The major end user sectors for water and wastewater treatment chemicals include power, oil & gas, metals & mining, and paper & pulp. Growth of these allied industries is expected to positively impact water treatment chemicals market over the next five years.

The power sectoris one of the major application industries for pigment blacks, and is expected to witness healthy growth through 2018, positively impacting the water and wastewater treatment chemicals market. Manufacturers of water and wastewater treatment chemicals are introducing eco-friendly products, which are expected to increase the penetration of these compounds in the power industry worldwide.

"Growth in water and wastewater treatment chemicals market is expected to majorly arise from emerging markets like China, India, etc., due to their expanding industrial and municipal water treatment networks. In developed countries such as the United States and Canada, innovative and high value chemicals are increasingly replacing low-cost, commodity compounds in the end user industries," said Karan Chechi, research director with TechSci Research.


 

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