Wastewater Treatment Chemicals Market Trends Study with Top Countries Data to Show Impressive Growth By Industry Demands, Share, Size, Key Player Analysis and Forecast 2021-2027
The water treatment chemicals market 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.
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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 wastewater Treatment Chemicals Market 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, 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 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 wastewater 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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Research Future:
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