Global Water Treatment Chemicals Market to Reach $27 Bil. By 2016
The global water treatment chemicals market is expected to grow from $22.4 bil in 2011 to $27 bil. by 2016 at a compound annual growth rate (CAGR) of 3.8 percent, according to the report, “Water Treatment Chemicals Market By Types, Applications, Trends & Global Forecasts (2011-2016),” by marketsandmarkets.com.
The forecast is based on an upswing in the consumption of water treatment chemicals across the globe in municipal and industrial applications such as power plants, food & beverage, metal & mining, pulp & paper, oil & gas, and chemical processing. The report attributes the growth largely to the increased demand for high-quality water and a boost in the intake of applications.
The report categorizes the global market of water treatment chemicals on the basis of types, applications, and geography. Asia-Pacific held the largest share, 35.9 percent, in the global water treatment chemicals market in 2011 and is expected to grow at the highest CAGR of 4.3 percent to reach $9.9 bil. by 2016. Germany has the second largest market share in the water treatment chemicals market in Europe. China held the largest share of 54 percent in the water treatment chemicals market in Asia-Pacific.
As of 2011, a majority of water treatment chemicals was used by the industrial water treatment segment (62.9 percent). Power generation held the largest share (23.3 percent) of the global industrial water chemicals market and is expected to grow at a CAGR of 5.6 percent up to 2016. The food and beverage industry sector held the second largest share (18 percent) of the global industrial water chemicals” market and is expected to grow at a CAGR of 4.3 percent to reach 1.7 bil. pounds by 2016.
To read more about the Water Treatment Chemicals Market research report, click here.
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