Market Trends of Municipal Water Treatment Chemicals Industry
This section covers the major market trends shaping the Municipal Water Treatment Chemicals Market according to our research experts:
Corrosion and Scale Inhibitors to Dominate the Market
- The Corrosion and Scale inhibitors accounted for the major market share.
- Corrosion inhibitors are general purpose chemicals applied to deal with corrosion caused in boilers. Corrosion occurrence is because of the reaction of oxygen with metallic parts in a boiler to form oxides.
- Scale inhibitorsare used to slow or prevent scaling in water systems. Theysafeguard open and closed cooling systems and maintain the efficiency and accurate water conditions of the boiler.
- The oil & gas and petrochemical industry isone of the largest users of scale inhibitors with the majority of demand coming from the Middle East & Africa. The demand in the Asia-Pacific region is due to the presence of power, textile and paper, and sugar mills industry.
- Moreover, the food and beverage processing in the ASEAN countries are also expected to add up to the demand.
- Hence, corrosion and scale inhibitors are expected to dominate the market, during the forecast period.
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Asia-Pacific to Dominate the Market
- Asia-Pacific accounted for the major market share, owing to the high demand from countries, like China and India.
- China, being the most populated country in the world, faces one of the most challenging tasks to address, the water scarcity situation.
- Additionally, the governments of developing economies, including China, India, and Thailand, have been taking strict measures for water treatment, which, in turn, is expected to boost the demand for municipal water treatment chemicals in the region.
- Hence, Asia-Pacific is likely to dominate the market, owing to the aforementioned reasons.
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