The power industry has the largest application in this market. The shift in the power industry to more cost-effective methods,HEDP phosphonate especially in developed countries, is expected to drive the demand for these chemicals. In Asia-Pacific and South East Asia, the maximum growth of thermal power plants is expected.
In 2017, the scale inhibitors segment accounted for the largest share of about 19% of the total market. It is also expected to be the fastest growing segment. Scale inhibitors are widely used in various industries, such as oil & gas, power generation, textile, and food processing. Globally, around 1,500 coal plants are under construction or are under various stages of planning.
Asia-Pacific has the largest market share of approximately 33% of the global market. This is due to the consistent economic growth in the emerging economies, such as India, China, Indonesia, Japan, South Korea, and Malaysia. The demand and market growth in the power, manufacturing, and industrial sectors is increasing.
Companies Mentioned
Akzo Nobel N.V. BASF SE DowDuPont Ecolab Inc. Kemira Oyj Suez Environment Veolia International Alkema Solutions Avista Technologies Inc. Berwind Genesys International Ltd. Solenis International LP H2O Innovation Inc. Ion Exchange India Limited Italmatch Chemicals S.p.A King Lee Technologies Reverse Osmosis Chemicals International Kurita Water Industries Ltd. Thermax Ltd. Veolia Water Solutions and Technologies
| By | buzai232 |
| Added | Dec 3 '18, 10:42PM |
The Wall