Report Code: A08222 | Pages: NA | Mar 2023 | 1960 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Specialty Water Treatment Chemicals Market
Request Now !Specialty water treatment chemical is a group of chemicals and compounds used in various industries for the treatment water and water-based liquids. Water treatment processes are needed due to lack of water supplies and water bodies, which contributes to the recycling and treatment of water resources in precise industrial operations.
Physical methods and facilities for the treatment of water such as settlements, filtration bioremediation, and microorganisms to handle/break down water pollutants and contaminants, water disinfection, and flocculation of water pollutants and contaminants are widely used.
In terms of growth, the market for specialty water treatment chemicals is not much affected. This is attributed to the fact that government is allowing only essential goods and services to keep up the pace of daily livelihood. Since water is essential, the chemical required to treat water whether it is potable or industrial is required on daily basis. Hence, the specialty water treatment chemicals market is witnessing gradual growth during the COVID-19 pandemic. Â Â Â Â
Increase in use of water treatment chemicals across end-user industries such as energy & power, chemicals, and oil& gas is one of the main driving factors boosting the specialty water treatment chemicals market growth.
Strict government policies on use of water with low total suspended solids (TSS) are boosting the demand for specialty water treatment chemicals. Moreover, surge in population all around the world fosters the demand for clean water, which further augments the market growth.
The market is expected to grow at a considerable rate during the forecast period on account of growing mergers and acquisition undertaken by the by key players to expand their base in developing countries with aim to enhance their wastewater treatment capabilities. Increase in investments in wastewater treatment plants contributes toward the market growth. For example, in February 2019, Kurita Water Industries Ltd. acquired the U.S. Water Services, Inc. to strengthen its business in North America. In January 2019, Valmet and Kemira collaborated in the water and sludge treatment customer applications to enhance the water treatment processes in Europe.
One of the potential risks which specialty water treatment chemicals have is the development of alternatives for water treatment.
Key benefits of the report
Questions answered in the global specialty water treatment chemicals market research report:
Specialty Water Treatment Chemicals Market Report Highlights
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Key Market Players | BWA WATER ADDITIVES, BASF SE, Chembond Chemicals Limited, The Dow Chemical Company, ECOLAB INC., Kemira Oyj, Kurita Water Industries Ltd., LANXESS AG, Solenis, Akzo Nobel N.V., Albermarle Corporation, Solvay SA, Accepta Water Treatment, SUEZ, Buckman |
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