Global Water Treatment Chemicals Market – Synopsis
Water Treatment Chemicals are used in various water treatment processes to remove undesirable chemicals, biological contaminants, solids and suspended gases from contaminated water. The main motive of these process 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 wider steam system from corrosion and potentially high maintenance costs. While it also improves energy efficiency, reducing carbon emissions and the use of treatment chemicals. Thus it minimizes the total cost of ownership of the plant, and hence maximizes the productivity.
Likewise, in drinking water treatments the quality has to meet the high standards. Safe drinking water is a basic need of life. Whereas the wastewater treatment has to comply with other-equally stringent criteria before the water can be discharged. Simultaneously, the increasing per capita consumption of energy has increased the demand for the electricity across the globe, which in-turn increases the demand for the Water Treatment Chemicals in the power industry.
According to the recently published report by Market Research Future (MRFR), the global market for Water Treatment Chemicals is booming and expected to gain further prominence over the forecast period. The market is estimated to reach USD 26 Billion by 2022, registering 5% CAGR during the period 2016 – 2022. Growing population coupled with the increasing urbanization worldwide is presaging the growing demand for food, water & electricity.
Anthropogenic effects such as global warming combined with the depleting water reserves 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, and Energy and O&G, among others. The surging demand for these chemicals in these sectors is 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 raw materials and counterfeit treatment technologies, are impeding the market growth.
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Global Water Treatment Chemicals Market – Competitive Analysis
With the presence of numerous matured & small key players accounting for a substantial market share, this market appears to be fiercely competitive & fragmented. The market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch. The competitive landscape of the Global Water Treatment Chemicals Market is determined by evaluating various market participants along with their production capacity, production chain, and the revenue generated by each manufacturer.
May 04, 2018 – Two Chemical giants – BASF SE (Germany) and Solenis Manufacturing company (Ashland Water Technologies – US) announced the merger of their paper and water treatment businesses. The collaborated entity will have Solenis’ high-quality service capabilities and BASF’s broad water treatment chemicals platform to help the water treatment industry.
Global Water Treatment Chemicals Market – Segmentation
The Water Treatment Chemicals Market can be segmented into 3 key dynamics for the convenience of the report and enhanced understanding;
By Types: Comprises 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
Globally, the Asia Pacific region accounts for the leading market for the Water Treatment Chemicals, holding the largest market share. Factors such as ease of availability of raw material, low-cost labor, and increasing development strategies, fulfilling the demand for the product, drive the regional market growth. Attributing to the awareness towards the wastewater treatments, the largest producer & consumer of the product, the APAC region is estimated to retain its dominance in the global market during the assessment period.
The Europe region is expected to account for the substantial growth in the global market for Water Treatment Chemicals. Owing to the well-established end-use industries and rising expenditures on R&D and innovation in the countries like France, Germany, Italy, and the UK, the region is expected to witness a phenomenal growth during the assessment period. The resurged economy in the region, increasing consumer spending and purchasing power, provide impetus to the expansion of the regional market during the forecast period. Expected to upsurge due to the growing food processing and water treatment sector, the demand for Water Treatment Chemicals will drive the regional market growth to an extent.
North America market witnesses the significant market growth, owning to a substantial market share. Owing to the resurging industrial sector and rising investments transpired in the field, in some of the North American countries such as the US, Mexico, and Canada, the regional market is estimated to see significant growth during the review period.
Brazil, Colombia, and Chile, countries in Latin America are also anticipated to perceive a moderate growth with the involvement of new business models and the introduction of new technologies.
Owing to the significant investments transpired in the growing number of projects of water treatment, and desalination in the countries such as Qatar, UAE and Saudi Arabia, the MEA (the Middle East & Africa) market for Water Treatment Chemicals is expected to perceive a steady growth over the review period. Besides the maximum use of the product in O&G industry, the MEA market for Water Treatment Chemicals is garnering huge momentum.
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