Demand for water treatment chemicals in the United States will rise 3.2 percent per year to $6.7 billion in 2017, according to a report by Freedonia Group.
The study, titled Water Treatment Chemicals, shows gains will reflect not only healthy growth in the oil, gas, and mining industries and a rebound in manufacturing output, but also the increased use of scale control and other water treatment chemical products that help protect companies’ investments in water treatment equipment.
A shift in product mix favoring more efficient and less hazardous chemicals that have higher prices is also expected to increase market value. Additionally, chemical demand is expected to benefit from efforts to recycle water, as water treated for reuse usually needs greater conditioning than fresh supply water.
The energy and mining markets are projected to show the fastest growth through 2017.