SAN FRANCISCO, January 21, 2019
SAN FRANCISCO, January 21, 2019 /PRNewswire/ --
The global industrial water treatment chemicals market size is expected to reach USD 18.3 billion by 2025 at a 4.2% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rising demand for water desalination systems owing to scarcity of fresh water is a key factor driving industry growth.
In desalination plants, excess salts and other minerals are removed from water through membrane-based or thermal-based technologies, there by rendering it fit for industrial consumption. Reverse osmosis (RO) and distillation are methods used for seawater desalination, while electrodialysis and RO are used to desalt brackish water.
The industrial water treatment chemical industry is anticipated to benefit from high number of regulations established by regulatory authorities across Europe and North America. As consumers are highly price-sensitive regarding installation cost of wastewater treatment plants, companies are involved in offering discounts and price reductions in a bid to attract more consumers.
Furthermore, development of advanced technology products and solutions by major companies in the market is expected to boost market growth over the forecast period. Rising investments in R&D of new products in the region is also expected to drive the market over the next few years.
Demand for water desalination in Asia Pacific, especially in countries such as India and Australia, is anticipated to witness high growth over the forecast period owing to increasing population, rising water scarcity, and reduced RO plant prices as compared to prices 10 years ago.
In India, rising groundwater contamination by industries is prompting state governments to impose restrictions on groundwater utilization. This factor, coupled with reduced prices of setting up plants, is anticipated to provide incentives for building new water desalination units over the forecast years.
Several countries in the Middle East are focusing on developing scalable infrastructure and efficient technologies to meet demand for potable water from the Gulf Sea and the Arabian Sea. Countries such as Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, and Oman use thermal-based technologies to desalinate water and manage water scarcity issues.
Browse full research report with TOC on "Industrial Water Treatment Chemicals Market Size, Share & Trends Analysis Report By Application (Cooling & Boilers, Raw Water Treatment, Desalination), By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/industrial-water-treatment-chemicals-market
Further Key Findings From the Report Suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global industrial water treatment chemicals market on the basis of application and region:
Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Corporate Sales Specialist, USA
Grand View Research, Inc.
Toll Free: 1-888-202-9519