Global water treatment chemicals market is projected to reach $58,747.7 million by 2023. The market growth is mainly driven by increasing water pollution and the growing need of clean as well as hygienic water worldwide.
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Based on type, the water treatment chemicals market is categorized into coagulants and flocculants, corrosion inhibitors, scale inhibitors, chelating agents, biocides and disinfectants, PH adjusters and stabilizers, anti-foaming agents, oxygen scavengers, oxidants, and others. Of these, coagulants and flocculants was the largest type in the market, contributing a revenue share of more than 30.0% in 2017.
On the basis of application, the water treatment chemicals market is categorized into power generation, municipal water treatment, chemical processing, pulp and paper, food and beverages, metal and mining, oil and gas, construction, and others. Others include medical and agriculture applications.
During the forecast period, the fastest growth in volume sales of these chemicals, is expected in Asia-Pacific (APAC), with a CAGR of 6.3%. The APAC water treatment chemicals market is driven by the rising need for treating the used and contaminated water released from industries, power plants, and construction projects.
In recent years, countries such as India, China, and Thailand have witnessed rapid economic growth which is characterized by large-scale industrialization, development of new power projects, and expansion of housing projects.
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Some of the major players operating in the global water treatment chemicals market are BASF SE, Solenis LLC, Ecolab Inc., Kemira Oyj, SUEZ, SNF s.a.s., Akzo Nobel N. V., Lonza Group Ltd., Buckman Laboratories International Inc., and DowDuPont Inc.
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