Water Treatment Chemicals Market – Competitive Analysis
Water Treatment Chemicals Market appears to be fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies used in competitive market include Product launch, agreement & partnership, acquisition and expansion. The development strategies accepted by key players in the market support the growth of Water Treatment Chemicals Market across the globe. Companies are investing in innovation, advanced equipment’s and fostering strong relationships with customers to support their competitive position.
Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Increasing patent registration and development of environmental friendly chemical formulation are expected to pose challenge to market players. These manufacturers optimizing new techniques assuring their customers with the consistency in product & service quality thereby, increasing product offerings to the customers.
Industry/ Innovation/ Related News:
October 23, 2017 – BASF opened production facility of biocatalyzed acrylamide in Nanjing, China. With this expansion, BASF is strengthening its production of high quality polyacrylamide which is used in production of water-soluble flocculation. This also provide BASF a strong cost-competitive supply to meet growing demand of water intensive industries.
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October 16, 2017– AkzoNobel is expanding the speciality chemical business segment through expansion of chloromethane capacity at Germany plant. This chloromethane is used as raw material in automotive, water treatment and electronic industry. This would strengthen the company’s product portfolio and supply chain benefits to meet the growing demand from end use industries.
Water Treatment Chemicals Market – Market Overview
Water Treatment Chemicals are used for treatment of effluents from industrial sector, boiler water, cooling towers and sewage water treatment. The growth of water treatment chemicals market caters to increasing use of water treatment chemicals in end use industries in order to meet quality water for drinking purpose at low costs. Additionally, growing population, increasing GDP, rising awareness among consumer for quality water and retreatment of waste water is expected to propel the Global Water Treatment Chemical Market. Increasing government initiatives to reduce water pollutions from industrial and household application is also anticipated to surge product penetration in the market.
Global Water Treatment Chemicals Market is forecasted to cross USD 26 Billion, growing at a CAGR of 5% by the end of 2022
Water Treatment Chemicals are of various types such as flocculants & coagulants, corrosion inhibitors, scale inhibitors and biocides & disinfectants among others. The coagulants & flocculants segment projected to lead the Global Water Treatment Chemicals Market owing to increasing demand of this chemicals in municipal water treatment process. Increasing demand of coagulant & flocculant in end use industries is due to stringent regulations to provide good quality of water for public community is anticipated to augment the market growth.
Water Treatment Chemicals are basically used to remove contaminants present in water with various processing methods. Advancement in technology along with development in bio-based chemicals to reduce carbon emission of products are expected to open lucrative opportunities to market players. Moreover ‘Environment Protection Water Quality Policy’ of Australia has passed regulation to lower the consumption of chemicals in mining and industrialization process. Thus, implementation of policy restricts the usage of coagulants which can hamper the market growth. Market participants are opening new technology centres for water treatment with modern equipment’s, thus, rising expenditure on processing waste water are expected to open new avenues for the market growth. Increasing production of shale gas in U.S. market and growing bio based chemicals in this region is expected to increase availability of raw materials supplier thereby reducing the cost.
North America region is expected to generate huge revenue owing to strong EPA regulation on usage of Water Treatment Chemicals for domestic purpose. Moreover, implementation of National Infrastructure Plan by Mexican government also leads to increase in product penetration for cleaning construction contaminated water. Rising mining activities in China and South Africa coupled with regulatory legislation is expected to impose new policies and huge investment in this sector. Hence, application of Water Treatment Chemicals like biocides & disinfectants and coagulants are also expected to increase Water Treatment Chemicals Market. Asia Pacific to lead the market over forecast period due to lenient regulations and high standard of living. On the other hand, stringent environmental regulations pertaining to carbon emissions from mining activities coupled with the economic slowdown in Europe might pose challenges to the market growth during the forecasting period. Moreover, price volatility and turmoil in supply feedstock is expected to affect demand in forecasted period.
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