- The key vendors in the global water treatment chemicals market 2015-2019 are AkzoNobel, Ashland, BASF, Evonik, GE Infrastructure Water and Process Technologies, Kemira and Kurita Water Industries
London, 10 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global water treatment chemicals market 2015-2019. An increase in various governmental initiatives in the global water industry across the globe is one of the significant trends in the global water treatment chemicals market. For instance, the water management action plan (water MAP), in Victoria, is a program launched to monitor, control, and increase water quality and monitor consumption in a particular area. The global water treatment chemicals market 2015-2019 is expected to grow at a CAGR of 7.10% between 2014 and 2019.
The major factor driving the demand for water treatment chemicals is the expansion of industrialization in various developed and developing countries such as Brazil, China, and India in the recent years. Government mandates on purity standards of potable water is are accelerating the market growth and replacing commodity- type chemicals of lower cost by higher value formulations that perform a better job of cleaning with less dosage. Increased adoption and sales of these expensive formulations is are driving the market expansion in terms of revenues.
“Due to the rise in population, the per capita consumption of water in highly industrialized regions like North America and Europe have become very high,” says Faisal Ghaus, Vice President of Technavio Research.
“Water trading is most likely to expand and will become a profitable business in the near future. This may lead to a rise of new business opportunities including sludge management and water recycling.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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