Water Treatment Chemicals Market Size | Share, Demand, Trends, Report By Forecasts 2020-2027
The Water Treatment Chemicals Market Size is growing pervasively, mainly due to the increasing scarcity of the water. These chemicals are used in various water treatment processes to extrude unwanted chemicals, solids, gases, and biological contaminants from the contaminated water. The primary objective of these processes is to generate water fit for a specific purpose.
For instance; in industries, a proper water treatment program is essential to protect the boiler and steam system from corrosion and thereby to save the high maintenance costs, improve energy efficiency, reduce carbon emissions and to minimize the consecutive use of treatment chemicals and the total cost of plant ownership and thus to maximize the productivity.
Growing ecological concerns are pointing towards the depleting water reservoirs worldwide, further promoting the need to use the remaining reserves wisely and smartly. Simultaneously, growing industrialization is promoting the extensive use of these chemicals globally, further presaging the galvanizing growth the market is poised to witness in the immediate future.
Analyzing the factors substantiating the market growth and the extent the market will expand up to, Market Research Future (MRFR) published a study report giving the insights to 2022. In its study report MRFR asserts that the global water treatment chemicals market is estimated to reach USD 26 Bn. by 2022, posting a CAGR of 5% during the forecast period (2016 – 2022).
Growing population along with growing industrialization and urbanization worldwide, is presaging the growing demand for food, water, and electricity. Environmental changes such as the global warming are indicating the need to use the remaining water resources wisely, demanding more & more investments in the wastewater & water treatment industry.
The huge demand for these chemicals from the end-user industries such as food & beverage, municipal water treatment, energy, and oil & gas, among others are in turn, generating a huge demand for these chemicals, defining the market landscape for water treatment chemicals in the years to come.
On the other hand, factors such as increasing prices of these chemicals, volatility of supply & cost of feedstock required in the manufacturing of these chemicals are expected to obstruct the market growth considerably. Also, the increasing number of counterfeit treatment technologies are impeding the market growth.
Global Water Treatment Chemicals Market – Segmentation
The MRFR analysis is segmented into three key dynamics for the convenience of the report and enhanced understanding;
By Types : Scale Inhibitor, Corrosion Inhibitor, Biocides & Disinfectant, Anti-foaming agents and Chelating agents, among others.
By Applications : Food & Beverage, Municipal Water Treatment, Chemical Processing, Power Generation, and Oil & Gas, among others.
By Regions : North America, Europe, APAC, and Rest-of-the-World.
Water Treatment Chemicals Market - Regional Analysis
The Asia Pacific region accounts for the leading market for water treatment chemicals mainly due to the ample availability of feedstock, and cost-combative labor force. The increasing development strategies drive the market growth in the region, fulfilling the demand for the product.
Attributing to the growing awareness in the region towards the benefits of wastewater treatments size, the region is likely to retain its hegemony over the global market during the assessment period, witnessing the largest production and consumption of these chemicals. The largest number of manufacturing plants and consumption in the countries such as India, Taiwan, and South Korea is the key driving force for the market growth in the region.
The Europe region is emerging as the second-largest market share for the water treatment chemicals, accounting for the substantial growth in the global market. Factors substantiating the market growth include the presence of well-established end-use industries and rising expenditures on R&D and innovation in the countries like the U.K., France, Germany, and Italy.
Evidently, the resurging economy in the region is a key driving force for the market growth which is invariably increasing the consumer spending, improving their purchasing power. Owing to the upsurge in the food processing and water treatment sector, the region is expected to witness a phenomenal growth during the assessment period.
North America, emerging as one of the lucrative markets for the water treatment chemicals is expected to witness a significant market growth. The growing industrialization backed by the rising investments transpired in the field are some of the factors driving the markets in the countries such as the US, Canada, and Mexico which is further expected to drive the market growth in the region during the review period.
Global Water Treatment Chemicals Market - Competitive Landscape
The competitive market of Water Treatment Chemicals appears to be fragmented owing to a huge number of companies operating in the market, churning the market competition. Increasing innovations and technologies will generate strong investment opportunities for the players. They strive to continue to commercialize other techniques that can lower the production.
To gain the competitive advantage, these players try to attain expertise in developing techniques, managing supply chains and in-depth domain knowledge in a number of advanced materials in addition to the prevailing strategies such as acquisition, partnership, and expansion of manufacturing facilities.
The competitive landscape of the market is determined by evaluating numerous market participants along with their production chain, production capacities, and the revenue generated by the each manufacturer.
Key Players:
The market is led by some of the fervent players including Ashland Inc., GE Water & Process Technologies, Kemira Oyj's, The Dow Chemical Company, Ecolab USA Inc., Akzo Nobel N.V., Buckman Laboratories International Inc., BASF SE, Cortec Corporation and Solvay S.A. Profiling them in its analysis, MRFR finds out their strategies keeping them at the forefront of competition.
Industry/Innovation/Related News
July 09, 2018 – Modern Water Plc., (UK), an eminent provider of advanced membrane technology inaugurated the world’s first brine treatment plant in Vadodara (India). The new Vadodara based brine-treatment unit, based on Modern Water’s all-membrane brine concentration process (AMBC) can treat technically challenging waste water released by the Indian chemicals giant Bodal Chemicals.
This is a crucial part of an energy-efficient treatment process for a highly saline organic-laden effluent stream from the dye manufacturing operation that achieves zero liquid discharge.
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