CLEVELAND, Ohio — A new study from the Freedonia Group has found that the water treatment chemicals market is expected to rise 5.8 percent per year to $30.6 billion in 2017, according to an article by Environmental Leader.
Rising water quality standards in manufacturing, expanding access to safe drinking water in underserved areas and a shift toward higher value chemicals with improved performance and environmental profiles will drive demand in the market, the article reported.
While growth in demand is expected to be moderate in developed areas such as the U.S., Western Europe and Japan, the market is expected to shift to accommodate higher industrial water quality standards and environmental regulations, noted the article.
Many companies may partially replace chemicals such as biocides with water treatment equipment to meet quality standards and regulations, but this equipment can also support the use of chemicals such as corrosion and scale inhibitors, coagulants and flocculants, according to the article.
Read the full article here.