BURNABY, British Columbia, June 11, 2014 /PRNewswire/ --
Expansion in Oil and Gas refineries and increasing treated water requirement from power, chemicals and F&B sectors continues to drive water treatment chemicals market in India
Water treatment chemicals are used for the treatment of water in boilers, cooling towers, and effluents from industries and sewage treatment plants. Growing demand from municipal and industrial wastewater treatment continues to be the driving factor for increasing consumption of water treatment chemicals in India. PCPIR (Petroleum, Chemical and Petrochemicals Investment Region) and Delhi-Mumbai Corridor are expected to boost investments in the country's industrial sector over the next decade, which would augment the water treatment demand, thereby boosting the water treatment chemicals market.
According to a recently published TechSci Research report, "India Water & Wastewater Treatment Chemicals Market Forecast & Opportunities, 2019", the Indian water & wastewater treatment chemicals market revenues are expected to grow at a CAGR of over 9% during 2014-19.The major producers and suppliers of water treatment chemicals in the country include Nalco-Ecolab, Thermax India Limited, Vasu Chemicals and Ion Exchange India Limited. The western region of the country is expected to continue its dominance in terms of water treatment chemicals consumption on account of existing and upcoming oil and gas, pharmaceutical and chemical manufacturing facilities.
Most of the sewage and industrial effluent remains untreated in the country. Also, various oil and gas major operating in the country are expected to come up with a number of brown field and green field expansions over the next five years. The country's Central Pollution Control Board (CPCB) has been expressing its concerns about the growing water pollution in ground water and major rivers in India. All of these factors culminate in presenting a very positive future for the water treatment industry in India.
"In India's water treatment chemicals market, corrosion and scale inhibitors accounted for significant share in revenue terms due to the huge demand from power utilities and oil refineries. Moreover, the decreasing water availability and rising environmental concerns are expected to increase the municipal water treatment in India over the next five years", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Water & Wastewater Treatment Chemicals Market Forecast & Opportunities, 2019" has analyzed the potential of the water treatment chemicals market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
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SOURCE TechSci Research