Italmatch chemicals group to acquire water science technologies (WST) to make a stronger presence in the North America market.
- Published | 30 September 2019
The acquisition further reinforces Italmatch Chemicals leadership in the North American oil and gas market, broadening the Italmatch Global Advanced Water Solutions business unit product portfolio, which will stimulate the Water Treatment Chemicals market.
Global: Italmatch
Chemicals, a leading global specialty chemical group focused on the production
and marketing of performance additives for water & process treatment, oil
& gas, industrial lubricants and plastics. They have acquired Water Science
Technologies (WST), a leading blender and chemical solutions provider for the
North American oil & gas and industrial water treatment industries, based
in Birmingham, Alabama (USA). This acquisition represents another
critical step for Italmatch growth in the market, in line with the Group
objectives in North America in its strategic sectors, starting from industrial
water solutions, where the companies have a complementary product range. It
will also provide a solid logistic base to better serve our oil & gas
customers.
According to BlueWeave Consulting, Incessant growing for the freshwater in consequence of rapid
urbanization, increasing economic development, and increasing industrial
activities. Changing climate, changes in energy generation and land use, and
growing human population are fueling the demand for water treatment chemicals
across the globe. Fresh-water mainly used for electric power plant cooling,
industrial &municipal uses, irrigation, aquaculture and for livestock.
Development of waste treatment chemicals is significant because of increasing
GDP, rising population, public consciousness, wastewater reuse, and improved
economic conditions, new findings in the oil & gas industry, and growing
expansions & other development strategies in the world. Contributions of
several water quality associations and corporations toward research &
development and enhancement of properties of water treatment chemicals such as
biodegradability, efficiency, are also some of the drivers for water treatment
chemicals. Additionally, the high cost associated with the technology is
hampering the growth of the water treatment chemical market.
According to BlueWeave Consulting report titled "Global Water Treatment Chemical Market, by Product Type (Flocculants, Coagulants,
Corrosion Inhibitors, Biocides & Disinfectants, Scale Inhibitors, pH
Adjusters and Others), By End-Use Industry (Municipal, Power Generation, Oil
& Gas, Chemicals Manufacturing, Mining & Mineral Processing, and Food
& Beverages & Others), By Region (North America, Asia Pacific, Europe,
Latin America, and Middle East & Africa); Size and Forecast, 2014-2025"
Global Water Treatment Chemicals market is expected to grow with
a CAGR of 5.70% during the forecast period 2018-2025, owing to increasing
demand from municipal and industrial wastewater treatment applications.
Wastewater treatment chemicals products demand will increase globally owing to
the rise in consumer awareness regarding the depletion of natural resources and
scarcity of fresh water in developed countries. Wastewater treatment chemicals
products demand will increase globally owing to the rise in consumers awareness
regarding the depletion of natural resources and scarcity of freshwater in
developed countries.
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