TechNavio recognizes the following companies as the key players in Global Chemicals for Water-intensive Industries Market: AkzoNobel N.V., Ashland Inc., BASF SE, and Kemira Oyj.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Chemicals for Water-intensive Industries market is expected to witness increasing demand from the APAC region. Demand from the APAC region is expected to be higher than that of other regions due to the strong growth of various industries such as Pulp and Paper. Also, with thriving economies such as India and China posting high gross domestic product growth rates, the demand from various industries such as Waste water Treatment is also expected to increase substantially during the forecast period. Moreover, several vendors are expected to set up production facilities in this region to cater to the growing demand.”
According to the report, there are many drivers contributing to the growth of the Global Chemicals for Water-intensive Industries market, one of the most important being the increase in demand from the Oil and Mining industry. The revenue contribution to the market from the Oil and Mining industry is expected to grow at CAGR of 4.44 percent during the forecast period, owing to the increase in the pressure on the industry to reduce its negative impact on the environment.
Further, the report states that one of the major challenges is the stringent laws and regulations governing the market, which requires vendors to comply with elaborate procedures before the approval of a new chemical or ingredient can be obtained. Such regulations are particularly onerous in developed regions such as North America and Europe.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-chemicals-for-water-intensive-ind…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Chemicals for Water-intensive Industries Market 2014-2018
