-- Market Insights
Water Treatment is a widely used process which has witnessed an increase in demand due to increasing water scarcity issues. Market Research Future's (MRFR) report on the Global Water Treatment Chemicals Market has found that the market is expected to witness consistent growth over the forecast period of 2016 to 2023.
The growing demand for treated water in various end-use industries is a significant driver which is a result of the rapid growth of these industries. Water Treatment Chemicals include a wide variety of physical and chemical methods. There is a high demand for clean water due to the ever-increasing global population. Moreover, stringent environmental regulations with regards to Water Treatment and the high cost of fresh water are driving the demand for effective and regulation compliant water treatment chemicals. Alternative water treatment technologies which avoid the use of chemicals are likely to hamper the growth to some degree. However, at the moment, there is a robust demand for Water Treatment Chemicals from rapidly emerging markets which will offer market growth opportunities.
Latest Industry News
The Evansville Water and Sewer Utility in the US are temporarily changing water disinfectants used in water treatment for close to a month. The temporary change is a standard practice which helps maintain clean water mains.
Key Players
Market players who lead the market among others have been analyzed extensively in MRFR's report and include prominent players such as Akzo Nobel N.V., Chembond Chemicals Limited, Bionics Advanced Filtration Systems (P) Ltd., DowDuPont, Inc., Thermax, BASF SE, ChemTreat Inc., Wilh. Wilhelmsen Holding ASA, Culligan, Lenntech B.V., Aries Chemical, Inc., Chemtex Speciality Limited, Accepta Water Treatment, Aquaquest Water Treatment Chemicals, and INDOCHEM.
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Market Segmentation
MRFR's report offers a segmental analysis of the market based on Type, End-Use Industry, and Region. Based on Type, the market is categorized by scale inhibitors, chelating agents, biocides & disinfectants, corrosion inhibitors, coagulants & flocculants, pH adjusters & stabilizers, oxidants, anti-foaming agents, oxygen scavengers, algaecides, and others.
By End-Use Industry, the market is divided into chemical processing, paper & pulp, municipal water treatment plants, power generation oil & gas, mining, food & beverage, and others. Among these, the market is led by the municipal water treatment plant segment which captures a market share of around 32%. Municipal water treatment plants are the largest consumers of water treatment chemicals as they supply clean water to millions of households on a daily basis and face high demand from the same.
Globally, the market is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Regional Analysis
The Asia Pacific accounts for the largest share of the Global Water Treatment Chemicals Market and is projected to maintain its market position over the assessment period. The on-going and swift industrialization in the region due to non-restrictive investment regulations, low overhead costs and the abundant availability of highly affordable labor. Moreover, the region has a high population which facilitates a huge demand for clean water, particularly in municipal Water Treatment applications. Growing end-use industries where clean water is used extensively are also increasing their demand for Water Treatment Chemicals.
Meanwhile, North America and Europe have reached relative maturity and are expected to witness moderate growth. These markets are primarily driven by the demand for water treatment chemicals which are compliant with stringent environmental regulations regarding water purification.
The Middle East & Africa are expected to witness considerable growth, particularly in Middle Eastern countries. This is primarily due to the presence of a huge oil & gas industry in the region. Moreover, the region is largely a desert terrain and requires water treatment for continuous supply of clean, usable water in households.
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