Water Treatment Chemicals And Technology Market will Register a CAGR of 3.8% through 2018
Transparency Market Research (TMR) has published a new market study based on the global water treatment chemicals and technology market. According to the research report, the global market for water treatment chemicals and technology had reached a value of US$115,809.7 million in 2012. The study forecasts that this market will increase at a CAGR of 3.8% during the period of 2013 to 2018, to attain an anticipated value of US$149,895.6 million by the end of the forecast period.The research report titled “Water Treatment Chemicals And Technology Market – Global Scenario, Trends, Industry Analysis, Size, Share And Forecast, 2011 – 2018” provides a complete picture of the market for water treatment chemicals and technology across the globe, taking all the key factors such as driving forces behind the market growth, major challenges faced by the industry, and development opportunities for the water treatment chemicals and technology industry, into consideration. In addition to this, the future prospects coupled with other statistical data is also covered in this report.
Water treatment is the process of eradicating various contaminating substances that naturally exist in water in order to make it more utilizable for humans. The type of chemicals and the quantity of the chemical utilized for water treatment differs according to location. It also depends on the quality of the water, which relies on factors such as alkalinity, hardness, pH balance, and total dissolved solids (TDS) in the water. The market for water treatment chemicals and technology include the technologies and equipment required for the treatment of water.Rising global population, strict government policies, increasing demand for clean water, and growing industrialization are the main factors driving the growth of the global market for water treatment chemicals and technology. In developed economies, equipment replacements, technological progression, and introduction of innovative products are the major features propelling development in the water treatment chemicals and technology market.
The market for membrane systems in the water treatment chemicals and technology industry is likely to rise at a 9.6% CAGR during the period of 2013 to 2018. Corrosion and scale inhibitors in the chemical industry formed the biggest market segment of the water treatment chemicals and technology across the globe.The major regional markets for water treatment chemicals and technology are North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is estimated to rise at a 5.1% CAGR during the forecast period, exhibiting the highest growth rate. This is expected to result in the emergence of Asia Pacific as the dominant geographical segment in the global market for water treatment chemicals and technology by the end of the forecast period.