The Global Water Treatment Chemicals Industry grew more than 6.40% over the period 2017-2025
The Global Water Treatment Chemicals Industry valued approximately 39.70 billion in 2016 in the U.S. and is anticipated to grow with a growth rate of more than 6.40% over the forecast period 2017-2025.
According to Market Journal, major factors driving the growth are growing usage of water treatment chemicals in various industries to satisfy the escalating demand for chemically treated quality water at a reduced price. The other factors affecting the growth of the industry are increasing GDP, awareness about reuse of wastewater, global population, upgrading of economic conditions and rising number of new oil and gas sector discoveries.
The study’s objective is to define industry sizes of different segments and countries and countries of previous years and to forecast the values to the next eight years. According to Market Journal, the report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study.
The reports also details the information about the crucial aspects such as drivers and restraining factors which will define the future growth of the industry. According to Market Journal, it will incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players.
Key manufacturers involved in the industry are Ecolab Inc., The Dow Chemical Co., Solenis LLC and more. According to Market Journal, companies are also trying to dominate the industry by investing in research and development.