Water treatment additives market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2019 to 2025.
Market Outline: Water Treatment Additive Market
Water is essential for life. Hence it is important to treat water before its use. Water treatment is a process of removing contaminants such as suspended solids, microorganisms and hazardous chemicals. A large number of chemical treatment products and specialty additives are used successfully around the world in many of the commercial, municipal and industrial process environments where they help to improve productivity and optimize the treatment method. The scientifically formulated water additives include wastewater and effluent treatment chemicals, high performance industrial chemicals, reverse osmosis membrane products, eco-friendly biological formulations, advanced polymers and much more. Water treatment additives are widely used in various industries such as water, chemicals, food, paper, power, oil and gas. These additives improve the quality of water and makes it available for a specific use.
Market Dynamics: Water Treatment Additive Market
The major factors driving the growth of water treatment additives are depleting water resources demand for clean water, government policies, increasing population, environmental conditions, rapid industrialization and others. However, requirement of huge area and its time consuming nature will hamper the growth of the water additives market.
Market Scope: Water Treatment Additive Market
Water treatment additive market is segmented based on product type, application, and end user
Based on type of water treatment, market is segmented into the following:
- Water Treatment
- Waste Water Treatment
Based on the application, market is segmented into the following:
- Water Industry
- Oil and Gas
Based on the type of additive, the market is segmented into the following:
- Scale Inhibitor
- Corrosion Inhibitors
- Organic Polymers
Regional Analysis: Water Treatment Additive Market
Geographically, water treatment additives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. APAC is the leading market for water additives treatment market with china and India as prominent market due to the increase in demand for water treatment resulting from water shortage, large population, water pollution and rapid economic growth. . Demand for Europe and Americas is moderate due to countries in these regions are having the largest area wherein, biological treatment facilities are used as it is less expensive but it needs huge area and consumes more time. Middle East regions have also shown poor to moderate demand for water treatment additives.
Competition Assessment: Water Treatment Additive Market
Some of the players in the global pain management devices market include:
- Nalco Holding Company (the U.S)
- GE power &water (the U.S)
- BASF SE (Germany)
- Kurita Water Industries Ltd (Japan)
- AkzoNobel N.V(Netherlands)
- Kemira OYj (Finland)
Notable Market Developments: Water Treatment Additives Market
- In June 21, 2018 – BASF and Citrine Informatics are collaborating to use artificial intelligence (AI) to accelerate the development of new environmental catalyst technologies.