The water and wastewater treatment chemicals market, in terms of application, is mainly categorized into municipal, power generation, oil & gas, paper & pulp, food & beverage, chemicals, and others. The municipal application in water & wastewater treatment chemicals market was the largest end-user segment in 2018. The demand for water and wastewater treatment chemicals is increasing in municipal sector due to the growing urbanization and technological advancements. Many municipalities are facing the issue of growing population, which is why they are opting for smart water management solutions.
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The demand for water and wastewater treatment chemicals varies according to various geographical regions. The water and wastewater treatment chemicals market currently holds a prominent share in various countries of North America, Asia-Pacific (APAC), Europe, and RoW. The competitive landscape of the water and wastewater treatment chemicals market consists of different strategies undertaken by major water and wastewater treatment chemicals manufacturers such as Kemira, Kurita Water Industries Ltd, SUEZ, SOLENIS, and Ecolab. Some of the strategies adopted by water and wastewater treatment chemicals manufacturers are product launches, business expansion, mergers and acquisitions, partnerships, and collaborations.
To increase their overall global footprint, water and wastewater treatment chemicals manufacturers are launching new range of products, expanding their businesses, and entering into strategic partnerships with different distributor networks and e-commerce portals to target a greater customer base.
The global water and wastewater treatment chemicals market is expected to grow at a significant rate during the forecast period (2019-2029). The increase in the number of end-user industries, including paper & pulp, municipal, power, is mainly increasing the demand for treated water. Moreover, with the increasing urbanization and economic development, the current water supply is unlikely to satisfy the ever-growing demands. Therefore, the aforementioned industries need to minimize the wastage of water and use water more efficiently by reusing. Hence, the chemical industry is using innovative ways for water management. The growing usage of water and wastewater treatment chemicals in pharmaceuticals, textiles, and mining is also fueling the market of water and wastewater treatment chemicals.
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Before venturing into an emerging market, it is important for a firm to consider certain factors that ultimately go a long way in ensuring the fulfillment of the company’s endeavor to establish itself as a strong player in the market. Henceforth, this chapter of the report provides an in-depth understanding of the direction in which the market is heading and the impact of various factors on it. This segment of the report considers factors such as market drivers, market restraints, and market opportunities, listing and analyzing several factors that positively and negatively affect the same.
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