Global Water Treatment Chemicals Market will reach 56.57 Billion from venynx's blog

Zion Market Research has published a new report titled “Water Treatment Chemicals Market by Type and End-User: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022”. According to the report, global demand for water treatment chemicals market was valued at approximately USD 28.5 billion in 2016, and is expected to generate revenue of around USD 56.57 billion by end of 2022, growing at a PBTCA of around 6.1% between 2017 and 2022.

Water treatment is defined as the process employed to eliminate contaminants present in water, which can be done by various techniques. In this process, the contaminated or waste water is treated with chemicals so it can be used for human consumption. The escalating cases of water borne epidemics have increased the awareness of water purification and the use of water treatment chemicals for the purpose of purification of drinking water. Water is used in various industries, especially in the emerging economies where there are several industries being constructed. The standards for water quality have increased, leading to a stronger demand to improve the purification methods. However, the water purification equipment is not adequate to advance towards these high standards, as it requires additional water purification chemicals.
Asia Pacific is expected to witness fastest growing market in the near future. With consistent economic growth in the emerging economies such as India and China, the demand and market growth in the power, manufacturing, and industrial sectors has been increasing, which in turn, is expected to boost the demand for water treatment systems and chemicals. China has the largest market of water treatment chemicals.

North America is the second largest regional market and is expected to show significant growth during the forecast years. The rising water quality standards in industrial applications and the stringent environmental laws on water treatment and contaminated water management are responsible for the rapid growth of this market in this region.
Europe ranks as the third largest market for water treatment chemicals, after Asia-Pacific and North America. Germany is the largest market for water treatment chemicals in Europe. The soaring water quality standards in industrial applications and waste water management support the growth of water treatment chemicals in this region.

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By venynx
Added Nov 27 '18

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