SAN FRANCISCO, September 24, 2015 /PRNewswire/ --
The global water treatment chemicals & technology market is expected to reach USD 175.77 billion by 2022, according to a new report by Grand View Research, Inc. Rising demand for water on account of positive manufacturing sector outlook in countries of China, India, and Middle East is expected to act as a major driver for industry growth.
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Increasing investment in the oil & gas industry by Russia and China owing to favorable support for the promotion of FDI along with deployment of technology is expected to increase waste water treatment application. However, high operating cost associated with water treatment is expected to be a major challenge for growth.
Browse full research report with TOC on "Water Treatment Chemicals And Technology Market Analysis By Product (Pumping Systems, Membrane Separation, Chemicals) And Forecasts, 2015 To 2022" at: http://www.grandviewresearch.com/industry-analysis/water-treatment-chemicals-market
Increasing use of pumping systems in utility scale water treatment is expected to drive market demand. The product category accounted for over USD 90 billion in 2014 and is expected to grow at a CAGR of 4.9% from 2015 to 2022. Growing utilization of pumping systems in utility and household water treatment has resulted in a consolidated market with major players increasing investment to gain competitive advantage.
Further key findings from the report suggest:
Grand View Research has segmented the global water treatment chemicals & technology market on the basis of product and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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