Water Treatment Chemicals Industry Overview:
Water Treatment Chemicals Market is expected to garner $31.7 billion by 2022, registering a CAGR of 4.5% during the forecast period 2016 - 2022. Water constitutes an essential part of our day-to-day life and pure water is crucial for the well-being of our community. Water is a universal solvent, but solids, such as clay, fine sand, dust and rust are not soluble in water.
They remain undissolved in water, resulting in cloudiness and are technically known as total suspended solids (TSS). Water treatment is done to decrease the TSS levels as per the end-user requirement, and hence differ depending on TSS level, location and application. The market for the water treatment chemicals comprises of various chemicals used in the water treatment processes. In 2015.
Increasing consumption of water across the globe coupled with stringent government regulations on the TSS level of the water drives the global water treatment chemicals market. In addition, increasing industrial activities and growth in world population drives the market for the water treatment chemicals across the globe. However, factors such as increasing water treatment chemicals prices and presence of alternate treatment technologies is expected to hamper the market growth.
Based on type of water treatment chemicals, the market is segmented into coagulants, pH adjusters & softeners, flocculants, biocides & disinfectants, scale inhibitors & dispersants, corrosion inhibitors and others. With the technological development in the water treatment industry, usage of treatment equipment has increased, thereby increases the consumption of the corrosion inhibitors across the globe as they protect the equipment from corrosion during treatment process. Hence, in 2015, corrosion inhibitors occupied highest share of 22.8% in global water treatment chemicals market.
Based on applications, the market is segmented into industrial, municipal and others. Industrial water treatment application is further sub-segmented into power generation, refineries, pulp & paper, metal & mining, food & beverages, oil & gas, sugar, and others. In 2015, power generation segment occupied highest share of 29.3% in industrial water treatment chemicals market, as huge amounts of treated water are required to produce electricity. In addition, increasing per capita consumption of power 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. Municipal water is the key segment for water treatment chemicals as they are mandate in this industry to protect humans from health hazards.
Geographically, the market has been segmented into North America, Europe, Asia Pacific and LAMEA. In 2015, Asia Pacific occupied 32.8% of the total water treatment chemicals, with China and India as the major countries contributing the growth. Rapid increase in the population coupled with scarcity in the pure & clean drinking water are the significant factors responsible for the growth of the water treatment chemicals market in the Asia-Pacific region.
The companies have employed agreement, acquisition, collaboration, partnership, expansion, product & technology launch in order to gain competitive advantage in this market. BASF SE has primarily adopted agreement strategy that helped it to expand its geographic reach and distribute its products in Mexico, Central America, Midwestern United States and Canada. The key players profiled in the report include Kemira Oyj, GE Water & Process Technologies, BASF SE, Ecolab Incorporated, BWA Water Additives, Cortec Corporation, The Dow Chemical Company, Buckman Laboratories International Inc., Solvay S.A., and AkzoNobel N.V.
Industrial water treatment is important in order to comply with several governmental and environmental regulations associated with industrial wastewater discharge. In industries, the treatment of water prior to its use is called process water treatment, while its treatment after the manufacturing process is called wastewater treatment. Water treatment is employed in different industries such as power generation, refineries, pulp & paper, metal & mining, food & beverages, oil & gas, and sugar including others. Municipal water treatment includes the treatment of drinking water, municipal wastewater, water used in swimming pools, and bottled water.
Water is an important resource for household chores, drinking purposes, and manufacturing processes in numerous end-use industries. Increasing population and industries across the globe have created the need for water treatment in order to recycle and reuse wastewater. By geography, the global water treatment chemicals market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the leading region that accounted for 32.8% of the total market in 2015, owing to the rapid growth in the industrial sector and adoption of water treatment processes in order to meet the required water quality standards.
Top Investment Pockets
Asia-Pacific is the most lucrative region in the global water treatment chemicals market. Market players have forayed into the Asia-Pacific region due to the increasing use of water treatment chemicals for industrial as well as municipal water treatment. The Asia-Pacific water treatment chemicals market was valued at $7,609 million in 2015 and is expected to grow at a CAGR of 5.6% from 2016 to 2022.
North America is the second most lucrative market for new entrants. Increasing demand for water treatment chemicals from industrial sector and growing government obligations for water recycling are the key factors fueling the growth of the water treatment chemicals market in this region.
Top investment pockets
Source: AMR Analysis
WATER TREATMENT CHEMICALS KEY MARKET BENEFITS:
- The report provides extensive analyses of the factors, which drive or restrict the growth of the water treatment chemicals market.
- The market projections for the period 2015-2022 have been included along with the impacting factors.
- The report also provides quantitative as well as qualitative trends to assist the stakeholders in understanding the market scenario.
- In-depth analyses of key segments of the market demonstrate the consumption pattern of water treatment chemicals for different applications across various end user industries.
- SWOT analysis facilitates the study of the internal environment of leading companies for strategy formulation.
- Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.
WATER TREATMENT CHEMICALS MARKET KEY SEGMENTS:
Global Water Treatment Chemicals Market is segmented as:
- pH adjusters & softeners
- Biocides & disinfectants
- Scale inhibitors & dispersants
- Corrosion inhibitors
- Municipal Water
- Industrial Water
- Power generation
- Pulp & paper
- Metal & mining
- Food & beverages
- Oil & gas
- North America
- Asia Pacific
- Saudi Arabia
- North America