“North America Water Treatment Chemicals Market Share – Growth, Trends, And Forecast (2019 – 2024)”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
Major Companies Include are:
Kemira, Ecolab (Nalco), GE Corporation, Kurita, Solvay, and BASF SE others.
The demand for North America water treatment chemicals market was valued at USD 6,310.10 million in 2017 and is expected to expand at a CAGR of 4.02% during 2018–2023.
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The market is driven by various factors, such as the rising surface and groundwater pollution, stringent regulations to control produced and wastewater disposal, growing demand from power and industrial applications, and increasing demand from manufacturing and municipal sectors.
Growing Demand from Power and Industrial Applications
The highest use of water is for cooling in the thermal power generation. In terms of energy production, Canada is worlds fifth largest producer of natural gas and crude oil, and as these industries are expected to deal with a certain amount of effluent wastewater, it would require treatment, which, in turn, is driving the demand of the market. Water treatment chemicals are used in cooling and boiler processes in different industries such as chemical, paper, power plants, and food & beverage. This widespread use will promote market growth over the forecast period. However, the market faces certain drawbacks such as hazardous nature of hydrazine, unawareness regarding chemical water treatment technologies, boiler water treatment, and cooling water treatment, which act as roadblocks to the growth of the market.
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Municipal The Fastest Growing Segment
Municipal is the fastest growing segment mainly due to the government focusing on developing municipal wastewater treatment plants mostly in the urban areas, which will augment the use of water treatment chemicals over the forecast period. The United States Environmental Protection Agency (USEPA) emphasizes on the improvement of water and sewage services, especially in the municipal wastewater treatment area, and estimated capital investment of about USD 600 billion toward its improvement over the coming two decades. The USEPA has also been focusing on supplying clean drinking water and runs a fund called Clean Water State Revolving Fund, by which it finances the environmental compliances. Such initiatives, in turn, increase the usage of water treatment chemicals. The use of water treatment chemicals is increasing, owing to a greater demand for purifying drinking water in the country.
United States to Lead the Market
The United States is expected to lead the market for water treatment chemicals market due to the presence of multiple industries in heavy, medium, and small scale categories. Thus, the usage of water treatment chemicals is high in almost all industries. Moreover, due to the presence of a large number of natural gas-fired power plants, coal-fired power plants, nuclear power reactors, and oil-fired power plants in the United States, which constitute 90% of the power produced in the country, these industries also use water treatment chemicals. Few other industries where water treatment chemicals are highly used are food & beverage and chemical manufacturing, where water is treated at many stages of the process. Thus, water treatment chemicals have a high potential for growth over the forecast period.
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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.
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