Treatment Chemical Sales May Reach $24.7 B in 2012
The McIlvaine Company is forecasting that water and wastewater chemical sales worldwide will reach $24.7 billion in 2012. Based on forecasted 2008 revenues of $20.5 billion, world sales are expected to grow by an average of 5 percent annually into the next decade.
In its online Waste and Wastewater Treatment Chemicals: World Markets report, McIlvaine figures point to Asia as the continent that will see the greatest growth potential. From 2008 to 2012, water and wastewater treatment chemicals in Asia are expected to increase by about 29 percent. For the same time period, the company forecasts that sales in the United States and Europe will grow by 12 percent and 17 percent, respectively.
"Over the next several years, China will be building a number of new water and wastewater treatment facilities," stated Bob McIlvaine, company president. "As China and other Asian countries undergo continued industrialization and urbanization, the need for water treatment chemicals is growing at a much faster pace than the rest of the world."
The McIlvaine report breaks down sales forecasts by chemical classification, country, industry, and year.
2012 Revenue Forecast for Chemicals
2012 Sales Forecasts by Industry (in $ millions)
Corrosion inhibitors 5305
|
5305 |
Organic flocculants |
4436 |
Inorganic flocculants |
3371 |
Scale inhibitors |
3295
Oxidizers and biocides |
2388 |
pH adjusters |
1381 |
Odor control |
838 |
Ion exchangers |
743 |
Activated carbon |
628 |
Defoamers |
602 |
Chelating agents |
558 |
OtherOther
1171 |
For more information, visit
www.mcilvainecompany.com/brochures/waterwastewaterbrochure/waterwastewcharts/waterbrochure.htm .