- The key vendors in the Global Water Treatment Products Market are Ashland Inc., GE Water & Process Technologies Inc., Kurita Water Industries Ltd. and Nalco Holding Co.
London, 12 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Water Treatment Products Market 2014-2018. The Global Water Treatment Products market is expected to grow at a CAGR of 8.5 percent during the forecast period of 2013-2018.
Water treatment technologies are used to remove or destroy pesticide active ingredients and other pollutants in water, making it suitable for industrial and domestic use. Water treatment products are classified based on the type of technologies used for water treatment. One of the major trends observed in the market is the depletion of fresh water resources. The increase in the extraction of water from aquifers is one of the major reasons for the increased depletion of these resources. The exhaustion of natural fresh water resources increases the need to recycle and reuse water through the adoption of various water treatment techniques, which will result in increased demand for water treatment products.
“The need for clean water is one of the major reasons for the growth of the Global Water Treatment Products market. The lack of clean water in certain parts of the world is having a positive impact on the growth of the Global Water Treatment Products market,” says Faisal Ghaus, Vice President of TechNavio Research.
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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