Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Industrial Water Treatment Chemicals Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.
The industrial sector is witnessing a pivotal shift in water treatment practices, a transformation underpinned by evolving environmental regulations, technological advancements, and the rising imperative for water conservation. A comprehensive market research report, highlights the vigorous expansion of the industrial water treatment chemicals market and delves into the emergent trends and market dynamics expected to shape its trajectory in the coming years.
This pivotal report encapsulates a wealth of information outlining the competitive landscape, product innovations, and the role of end-user industries in fueling market growth.
It presents an in-depth analysis of the market size, projected from a strong base of $29.53 billion in 2023 to an impressive $31.94 billion in 2024, marking a notable compound annual growth rate (CAGR) of 8.2%. The study also casts light on the market’s predicted progression to $39.48 billion by 2028, with an enduring CAGR of 5.4%.
The document articulates the influential role of the Asia-Pacific region, which stood at the forefront of market share in 2023 and is anticipated to maintain notable growth momentum.
This regional market upsurge is attributed to rapid industrialization and the significant growth of the automotive sector in countries such as China and India.
- The analysis emphasizes the product portfolio within the market, distinguishing essential categories like antifoams, corrosion inhibitors, oxidants, and pH conditioners, elucidating their use across industry verticals.
- It identifies key market drivers, including the rise in initiatives for water reuse and pollution control measures.
- Technology advancements in water treatment, such as Advanced Oxidation Technology (TADOX), are underlined as key trends shaping the market.
- The report also reflects on strategic acquisitions, like Ecolab Inc.'s purchase of Purolite, and their implications on market dynamics.
Given the escalating need for water recycling and sustainable practices, this study predicts a steadfast focus on environmental stewardship within the market. Emerging markets are deploying innovative technologies to tackle water scarcity and implement intelligent water management systems.
Some of the world’s major industrial players are pivoting towards eco-friendly solutions, underscoring a trend towards sustainability in industrial water treatment.
The extensive report spans a global perspective, including detailed analyses of principal countries that play a crucial role in the market. It also ventures into discussing the market structure, exploring factory gate values, consumption patterns, and the geographic production of industrial water treatment chemicals.
Overall, the new research publication sheds light on the evolving industrial water treatment chemicals space, highlighting opportunities, challenges, and strategic initiatives shaping the future of global industries.
A selection of companies mentioned in this report includes
- BWA Water Additives UK Ltd.
- Dow Chemical Company
- Ecolab Inc.
- Ashland Water Technologies
- Kemira Oyj
- Solenis LLC
- Suez S.A
- BASF SE
- DuPont de Nemours Inc.
- Lonza Group Ltd.
- Buckman Laboratories International Inc.
- SNF Pvt. Ltd.
- The Lubrizol Corporation
- Chemtrade Co. Ltd.
- Solvay SA
- Advanced Water Solutions
- Kurita Water Industries Ltd.
- Shandong Taihe Water Treatment Technology Co. Ltd.
- Henan Qingshuiyuan Technology Co. Ltd.
- Feralco Deutschland GmbH
- Aditya Birla Chemicals Ltd.
- Veolia Environnement SA
- Danaher Corporation
- Xylem Water Solutions India Private Limited
- United Utilities Group plc
- Evoqua Water Technologies Corp.
- Aquatech Water Treatment Products and Services Ltd.
- Aqseptence Group Pvt. Ltd.
- Ovivo Inc.
- Chemifloc Ltd.
- Lenntech B.V.
- Nouryon Chemicals Co. Ltd.
- USALCO LLC
- WesTech Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/ri2can
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