Water treatment market sees growth in less developed countries, report finds
NEW YORK — A new report reveals the water treatment market has experienced steady growth over the past decade due to increased product selection and availability, a growing population, increased pollution of the air and fresh water supplies and substantial new home and building construction.
"As such," said SBI Bulletin analyst Bernie Galing, author of the report, "the market for products that can make the water we drink safer continues to grow as well. While there are hundreds of different products, there are only a handful of water treatment technologies."
Demand for water treatment products is growing worldwide, but the greatest growth is forecasted in less developed countries, according to the report, titled “Water Treatment and Products Markets, 2006-2015.”
Developed countries and regions, such as the United States, Canada and Western Europe, are mature markets for water treatment products. However, the report finds there is still room for growth in these developed countries.