Water Treatment Chemicals Market Growing Well
Water treatment chemicals are used to remove the contamination present in the water which is used for various purpose such as municipal, power, oil & gas, mining, and other. There are many chemicals that are used for the treatment of water namely: coagulants & flocculants, corrosion inhibitors, scale inhibitors, PH-adjusters, biocides & disinfectants, and others. Some of the primary drivers of the water treatment chemicals market are stringent regulatory and sustainability mandates concerning the environment and growing demand for chemically treated water from various applications.
The alternative water treatment technologies and the requirement for eco-friendly formulations and the vulnerability concerning copying of patents are the factors that may hamper the water treatment chemicals market. However, the mounting demand for Specific Formulations and growing population, as well as rapid urbanization in the emerging economies, are creating opportunities that will increase the demand for water treatment chemicals market in the forecast period.
Some of the key players influencing the water treatment chemicals market are The DOW Chemical Company, BASF SE, Ecolab Inc., Baker Hughes Incorporated, Kemira Oyj, Solenis LLC, Suez S.A., AKZO NOBEL N.V., GE Water Technologies Inc., and Cortec Corporation among others.