Global Water Treatment Chemicals in Oil & Gas – 2018-23

The Market for Water Treatment Chemicals is expected to witness a robust growth rate during the forecasted period, majorly driven by their increasing usage in the oil & gas industry.

The availability and supply of fresh water for the use in hydraulic fracking is becoming more expensive and difficult to obtain, in turn increasing the operating cost of oil and gas companies. Additionally, the volatility in the oil and gas prices is forcing oil and gas companies to focus their investments on water and wastewater treatment chemical technologies.

With the growing shortage of the fresh water for extraction, companies are shifting their focus towards obtaining sustainable and cost effective water and wastewater management solutions. Furthermore, companies are also adopting modular technologies, which are multifunctional and compact and can be located off-grid.

Rising shale gas extraction in North America will boost the demand for water treatment chemicals, and in turn propel the growth of the market.

Company Profiles

·         Alkema Solutions

·         Avista Technologies Inc.

·         BASF SE

·         Berwind (BWA Water Additives)

·         Chemtex Specialty Ltd.

·         Danaher (ChemTreat Inc.)

·         DowDuPont

·         Ecolab Inc. (Nalco)

·         Genesys International Ltd

·         H2O Innovation Inc.

·         Hydrite Chemical Co.

·         Ion Exchange India Limited

·         Italmatch Chemicals S.p.A

·         Kemira Oyj

·         King Lee Technologies

·         Kurita Water Industries Ltd.

·         Reverse Osmosis Chemicals International

·         Siemens Water Technologies

·         Solenis

·         Suez Environnement (including GE Water & Process Technologies)

·         Thermax Ltd.

·         Veolia Water Solutions and Technologies

·         WEX Technologies Ltd.

https://finance.yahoo.com/news/global-water-treatment-chemicals-oil-090100399.html