The China antiscalant market is expected to reach USD 555.6 million by 2024, according to a new report by Grand View Research, Inc. Antiscalants are used in applications where water with heavy metals comes in contact with surfaces causing scales, thereby, reducing the overall efficiency of the equipment and damaging the manufactured goods.
The increasing use of antiscalants in coal gasification, power generation, and chemical plants to maintain efficient functioning of machinery will fuel industry expansion. Moreover, development of these end-use sectors on account of rapid industrialization and urbanization is expected to contribute tremendously to the growth of the market over the forecast period.
Demand for antiscalants was highest in chemicals and contributed to 48.5% of the revenues generated in 2015. Increasing demand for pure and clean water in numerous chemical manufacturing processes to obtain products of high quality is expected to augment the requirement of antiscalants over the projected period.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/china-antiscalant-market
Further key findings from the report suggest:
·
Increasing need for desalination of seawater,
particularly from offshore oil & gas facilities, is projected to result in
high demand for sulfonates owing to its high hardness and ability to dissolve
calcium. The segment is expected to witness the fastest volume growth at a CAGR
of 8.2% from 2016 to 2024.
·
Demand for antiscalants in power was 40 kilo
tons in 2015 and is anticipated to witness significant growth over the forecast
period. Increasing demand for electricity on account of rapid industrialization
and urbanization is expected to result in high demand for these products.
·
Government initiatives to promote the growth of
the manufacturing sector in the country to develop an export-oriented economy
is supposed to result in drastically increasing the consumption of
antiscalants. Moreover, growing usage of antiscalants in coal gasification and
power sector applications is expected to propel industry expansion.
·
Rising demand for electricity in China will fuel
growth over the forecast period. Continuous government support for eco-friendly
and economical antiscalants products will stimulate market growth from 2016 to
2024.
·
Key participants in this market include Kemira,
Henan Yuguan Chemical Technology, Zaozhuang Kerui Chemicals Co., Ltd, BASF SE,
Shandong Great Lake New Material Co. Ltd., Nalco Water, and Avista
Technologies. Companies have been focusing on increasing their footprint within
the Chinese antiscalants industry through constant product innovation.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/disinfectants-and-preservatives
Grand View Research has segmented the China antiscalant market on the basis
of type, application and region:Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
Carboxylates
·
Phosphonates
·
Sulfonates
·
Fluorides
·
Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 -
2024)
·
Coal Gasification
·
Power
·
Chemical
For press release of this report - http://www.grandviewresearch.com/press-release/china-antiscalant-market-analysis
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company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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