Water is essential for life. More specifically, clean water is essential for life. 25 years ago, the idea of a ”water crisis” was thought to be an exclusively third world problem, but this is no longer the case. North America has been hit particularly hard with water shortage problems, and currently accounts for 36.56 percent of the Global Water Treatment Products market.
The rapid consumption of water in North America is due to industrialization, agriculture, and high standard of living. This creates enormous pressure for products used in water recycling-primarily, water treatment chemicals and filtration devices. The former has the largest share of the Water Treatment Chemicals market in North America because of its efficiency for agricultural and industrial use.
Presently, TechNavio estimates the number of vendors in the chemical sector of the Global Water Treatment Products Market to be higher than twenty. This densely competitive margin is due to the wide availability of the three most frequently used treatment compounds:
• Activated carbon
• Aluminum sulfate
• Calcium hydroxide
The fact that two key players (Nalco and GE Water) dominated almost 40 percent of the Global Water Treatment Chemicals market in 2012 makes it difficult for other vendors to increase their market shares in the Chemical Treatment sector.
On the other hand, the forecast for vendor growth in filtration device sector is more optimistic. Increasing numbers of cities in North America are declaring tap water as unsafe to drink, which leads to a demand for large-scale water filtration systems and home-use devices.
Overall, TechNavio predicts upward trends for the Global Water Treatment Products Market in North America and across the world. Unlike niche markets that only appeal to specific groups, every one of the 7 billion people on Earth is a stakeholder when it comes to water treatment. Population, industrialization, and consumption rates will continue to rise over the years, and the Global Water Treatment Products Market will inevitably follow.
For more information, view our 2012-2016 Global Water Treatment Products Market Report.
Other Related Reports:
Global Water Treatment Chemicals Market 2011-2015
Global Water Desalination Market 2012-2016
Global Water IT Market 2012-2016
