Global chemicals for water-intensive industries market led by AkzoNobel N.V., Ashland Inc., BASF SE, and Kemira Oyj
Global Chemicals for Water-Intensive Industries 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-11 09:51:02
The Global Chemicals for Water-intensive Industries market is forecast to grow at a CAGR of 3.28 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased demand from the Oil and Mining industry. The Global Chemicals for Water-intensive Industries market has also been witnessing the provision of supporting services by vendors. However, volatile raw material costs could pose a challenge to the growth of this market.
Key vendors dominating this space are AkzoNobel N.V., Ashland Inc., BASF SE, and Kemira Oyj.
Other vendors mentioned in the report are Accepta, AMC Oil and Gas, AMCOL International Corp., Aquatech International Corp., Aries Chemical Inc., Ashahi Chemical Industries Ltd., Cubane Specialty Chemicals Pvt. Ltd., Chemical Products Corp., Cheminova AS, Chevron Phillips Chemical Co., Clariant International AG, Cytec Industries Inc., Dow Chemical Co., Dow Corning Corp., Evonik Industries AG, FMC Corp., Georgia-Pacific Chemicals LLC, Gulf Chemicals and Industrial Oils Co., Hunstman International LLC, Hydrite Chemical Co., Imperial Oilfield Chemicals Pvt. Ltd., K-Tech India Ltd., Lenntech B.V, Nalco Holding Co., Nuplex Industries Ltd., Orica Ltd., Outotech Oyj, Pristine Water Solutions Inc., Raj Chemicals Ltd., REDA Oilfield, Royal Dutch Shell plc, Sasol Ltd., Sivira Organiks Pvt. Ltd., Solvay SA, Taminco Corp., and Troy Paper Chemicals
The following companies represent the key players in Global Chemicals for Water-intensive Industries Market: AkzoNobel N.V., Ashland Inc., BASF SE, and Kemira Oyj.
The Global Chemicals for Water-intensive Industries market is expected to witness increasing demand from the APAC region. Demand from the APAC region is expected to be higher than that of other regions due to the strong growth of various industries such as Pulp and Paper. Also, with thriving economies such as India and China posting high gross domestic product growth rates, the demand from various industries such as Waste water Treatment is also expected to increase substantially during the forecast period. Moreover, several vendors are expected to set up production facilities in this region to cater to the growing demand.
There are many drivers contributing to the growth of the Global Chemicals for Water-intensive Industries market, one of the most important being the increase in demand from the Oil and Mining industry. The revenue contribution to the market from the Oil and Mining industry is expected to grow at CAGR of 4.44 percent during the forecast period, owing to the increase in the pressure on the industry to reduce its negative impact on the environment.
Further, the report states that one of the major challenges is the stringent laws and regulations governing the market, which requires vendors to comply with elaborate procedures before the approval of a new chemical or ingredient can be obtained. Such regulations are particularly onerous in developed regions such as North America and Europe.
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