The global water treatment chemicals market was worth more than USD xx billion in revenue in 2018 and is expected to cross USD xx billion in 2023, growing at a healthy CAGR of over xx% during the forecast period.
Water treatment chemicals are used to treat domestic and industrial water in order to remove contaminants. Water treatment chemicals remove particulates, dissolved minerals, organic compounds, salts etc. from water. These chemicals are mainly used in industrial water treatment operations along with water treatment filtration equipment. Industries that use water treatment chemicals include oil and gas, petrochemicals, power plants, mining, food and beverage, pulp and paper, metals processing, chemicals, textiles, pharmaceuticals and others. Water treatment chemicals are also used for municipality water treatment.
Based on the application, water treatment chemicals are classified as:
• pH control
• Corrosion inhibitors
• Scale inhibitors
• Other (e.g. dust suppressants, defoamers)
Based on the type of chemicals, water treatment chemicals are classified as:
• Ion exchange resins
• Quaternary ammonium materials
• Oxygen scavengers
• Other specialty chemicals
Rising demand from industrial development requiring high-quality process water, and drinking water improvement projects is driving the growth of water management industry. As water treatment chemicals are key for water management industry, demand for processed and clean water is expected to fuel the growth of this market. Demand for processed and clean water is actually increasing because of growing population and rapid industrialization in developing countries.
Drivers and Restraints of Global Water Treatment Chemicals Market
Growing regulations relating to wastewater treatment and discharge has made industrial plants to outsource water management services to benefit from cost-effective and energy efficient solutions, that allow them to focus on their core production businesses. This made water management operators to invest in regions like Asia and the Americas allowing tremendous possibilities for water treatment chemicals market in the future.
Water treatment chemicals, especially synthetic ones have a probability of volatility in supply and price due to production costs. Few synthetic water treatment chemicals are not suitable for drinking water treatment which makes regulatory institutions to implement strict regulations on usage of water treatment chemicals. Advancement of physical filtration technology is also a concern for the market.
Global Water Treatment Chemicals Market by Region
Asia was the largest consumer of water treatment chemicals and this pattern is anticipated to continue to be identical over the following few years. Consumption in Asia is showing upward trend because of increase in economic activity in China. China was the largest consumers of water treatment chemicals in this region. Growing demand for process water from oil and gas, petrochemicals, power plants, mining, food and beverage and other industries will drive water treatment chemicals market in Asia. Growth of consumption of water treatment chemicals in Americas will grow at a reasonable rate next to Asia. Europe is likely to grow at a significant rate due to demand from oil and gas, petrochemicals, power plants, mining, food and beverage and other industries. Demand from Africa and the Middle East was low relatively and is likely to stay same in the next few years.
Top players in this market include Dow Chemical, BASF SE, Ecolab Inc., Solenis LLC, Akzo Nobel N.V., Kemira OYJ and others.
The report covers exhaustive analysis on:
- Global Market Segments
- Global Market Size
- Supply & Demand
- Global Market Competitive Landscape
- Production Technology
- Global Market Value Chain
Regional analysis includes:
- Middle-East and Africa
- In depth summary of parent market
- Altering market characteristics in the industry
- Detailed market segmentation
- Historical and forecast market size in terms of volume and value
- Current industry developments
- Competitive landscape
- Strategies of key players and products available
- Potential and niche segments, regions showing promising growth