Indian boiler water treatment chemicals market will grow at the CAGR of 8.2%

The Indian boiler water treatment chemicals market so far has been fragmented but in recent times it showed sign of consolidation, as about 70% of the market share is being accounted by top 6 players. The degree of rivalry is high in the boiler water treatment chemicals market as most of the market players willing to cater heavy industries such as power, oil & gas and chemicals. On the contrary, smaller chemical, pharmaceuticals, food and beverages, paper & pulp industry is majorly catered by small boiler water treatment chemicals manufacturers.
According to “India Boiler Water Treatment Chemicals Market Forecast & Opportunities, 2018” the Indian boiler water treatment chemicals market will grow at the CAGR of 8.2% till 2018, in terms of revenues. The report also forebodes that Nalco- India is going to maintain its lead till 2018 with over 25% market share. It is anticipated that new technology will be adopted by major as well as minor manufacturers in order to cater potential customers and increase their market share.
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