Italy Water Treatment Chemicals Market - Segmented by Product Type, and by End-User Industry - Growth, Trends, and Forecasts (2018 - 2023)
Italy water treatment chemicals market is expected to register a moderate growth during the forecasted period, 2018-2023. The market is driven by numerous factors, such as a rising surface and ground water pollution, growing demand from power and industrial applications, and increasing demand from manufacturing and municipal sectors.
Increasing Demand from Municipal and Manufacturing Sector
The demand for municipal water treatment and manufacturing wastewater treatment is growing, rapidly. Municipal water treatment is on the rise, majorly due to the increase in population over the years. The European Investment bank has been planning to invest EUR 200 million to improve the water treatment facilities in the country, as well as to improve the availability of fresh drinking water. With urbanization and industrialization growing at a rapid pace in the country, the demand for clean drinking water expected to increase at a consistent rate. This, in turn, is adding up to the demand for municipal water treatment during the forecast period.
Growing Demand in Chemicals Manufacturing
Wastewater treatment is an important process in chemical industry. There are two main types of wastes found in the chemical industry, namely organic and inorganic matter in varying degrees of concentration, which is removed using different technologies, such as reverse osmosis (RO), ion exchange, membrane technology, etc. Furthermore, the increasing scarcity of fresh water and various government initiatives are anticipated to boost the recycling and water reuse trend in the country to increase the water use efficiency. The chemical manufacturing industry in the country had shown 2.5% growth during the first half of 2017, as compared to 2016. The growing chemical manufacturing and exports in Italy are driving the water treatment chemicals market
Major Players: Akzo Nobel NV, Ashland Water Technologies, BASF SE, Ecolab, and Lanxess, amongst others.
Notable Developments in the Market
April, 2017: LANXESS completed the acquisition of Chemtura Corporation
Reason to purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Application that is expected to dominate the market
Identifying 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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