Global Municipal Water Treatment Chemicals Market - Segmented by Product Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The municipal water treatment chemicals market is estimated to witness a moderate growth during the forecast period, 2018-2023. Asia-Pacific is expected to have the highest demand for municipal water treatment chemicals. The region is also likely to have the fastest growth. This is majorly owing to the rapid industrialization and increase in population in India and China. This, in turn, is expected to drive the market during the forecast period.
Rising Environmental and Hygiene Concerns
Municipal water treatment chemicals help in elimination of contaminants during the treatment of water for reuse and it helps in the removal of impurities the maximum extent. Additionally, the rise in environmental concerns for discharge of toxic wastes in the environment has led to an increase in demand for such chemicals. This has pushed the government of developing nations, such as India, China, and Brazil, to take stringent actions regarding the disposal of wastewater. For instance, Brazil lacks proper sewage treatment facilities, with even major cities found to be able to treat only a small portion of the produced wastewater. Thus, the Brazilian government is planning to have proper water treatment facilities, which is likely increase the usage of water treatment chemicals, hence, boosting the market for municipal water treatment chemicals during the forecast period.
Asia-Pacific Dominates the Market
Asia-Pacific remains one of the most developing markets in the world. The region is expected to dominate the global municipal water treatment chemicals market during the forecast period. Asia-Pacific is also expected to be the fastest growing region during the forecast period. China, being the largest highly populated country in the world, faces one of the most challenging tasks to address the water scarcity situation; proven by statistics. China accounts for 20% of the world population, but has only 6% of the global fresh water resources. Additionally, the government of developing economies, including China, India, and Thailand have been taking strict measures for water treatment, which, in turn, is expected to boost the demand for municipal water treatment chemicals in the region.
October 2017: SUEZ, announced, together with Caisse de dépôt et placement du Québec completed the acquisition of former GE Water & Process Technologies for 3.2 USD billion
Major Players - Accepta, DowDuPont, Lonza, Solvay and Thermax Limited, among others.
Reasons to Purchase the Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the type of segment that is expected to dominate the municipal water treatment chemicals market
To identify the countries that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (In excel)
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