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China's water treatment market to expand 10% a year
By Richard Fu |
October 12, 2012, Friday
|
Online Edition
Online Edition
CHINA'S demand for water treatment chemicals is set to grow 10 percent annually to reach a total volume of about 13.7 billion yuan (US$2.2 billion) in 2015, driven by tougher regulations and technology improvement, according to a report by Deloitte.
The market size could be even larger if taking into account water treatment equipment, chemical solutions and services, and other supplies, according to the multinational auditing and consulting firm.
"Backed by government policies that encourage the industrialization of new equipment and the development of new solutions and related services, China's water treatment chemical sector will evolve towards specialty products, solutions and onsite services," said Yann Cohen, national leader for Chemical Industry of Deloitte China.
Consolidation is expected in the sector, which is now fragmented and dominated by domestic private enterprises due to the sector's relatively low threshold.
The sector is still in an infant stage and "the landscape will change dramatically in the coming years," Cohen said in an interview today.
There could be foreign chemical companies buying smaller Chinese players or Chinese state-owned giants acquiring overseas companies, he said.
The market size could be even larger if taking into account water treatment equipment, chemical solutions and services, and other supplies, according to the multinational auditing and consulting firm.
"Backed by government policies that encourage the industrialization of new equipment and the development of new solutions and related services, China's water treatment chemical sector will evolve towards specialty products, solutions and onsite services," said Yann Cohen, national leader for Chemical Industry of Deloitte China.
Consolidation is expected in the sector, which is now fragmented and dominated by domestic private enterprises due to the sector's relatively low threshold.
The sector is still in an infant stage and "the landscape will change dramatically in the coming years," Cohen said in an interview today.
There could be foreign chemical companies buying smaller Chinese players or Chinese state-owned giants acquiring overseas companies, he said.
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