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WATER & WASTEWATER TREATMENT CHEMICALS MARKET ANALYSIS • Water & Wastewater Treatment Chemicals Market, By Product Type (Coagulants & Flocculants, Biocides, Corrosion & Scale Inhibitor, Deformer, pH Adjuster, Others), By Application (Cooling Water, Boiler Water, Membrane Water, Municipal, Others), By End User (Oil & Gas, Power, Mining, Pulp & Paper, Chemical & Fertilizer, Pharmaceutical, Municipal, Textile, Food & Beverages, Others), and By Regions (North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
The global water & wastewater treatment chemicals market is estimated to account for US$ 29,876.0 Mnin terms of value and 6,977.04 Kilo Tons in terms of volume by the end of 2019
Drivers: • Rising concern over the depleting of freshwater resources is a prime factor fueling the market growth of the wastewater treatment chemicals. Various governments around the globe are implementing strict rules and regulations in order to avoid and overcome such situations and enhance the reusability of wastewater in the process. Moreover, governments are highly involved in improving municipal water facilities across urban and rural areas. Such developments in industrial and domestic/ municipal water treatment are projected to fuel demand for water & wastewater treatment chemicals over the forecast timeframe.
Growing contamination of groundwater especially in the emerging countries due to rapid industrialization is further driving the market growth. According to the National Ground Water Association (NGWA), the United States uses 82.3 billion gallons per day of fresh groundwater for public supply, private supply, irrigation, livestock, manufacturing, mining, thermoelectric power, and other purposes. For this reason the various government are taking initiatives to make efficient use of wastewater, which is expected to propel the demand for wastewater treatment of chemicals.
Statistics: • Asia Pacific excluding Japan region dominated the global water & wastewater treatment chemicals market in 2018, accounting for 33.05% share in terms of volume, followed by North America and Western Europe, respectively
Figure 1. Global Water & Wastewater Treatment Chemicals Market Share (Volume), By Region, 2018
Market Restraints • The fluctuating price of raw material of wastewater treatment chemicals is demotivating various end-users, especially small-scale manufacturers, from using water treatment chemicals. Manufacturers are only adopting wastewater chemicals because of strict government policies for small industry players too. This factor is projected to negatively impact the market growth of the wastewater treatment of chemicals.
Side-effects associated with the usage of wastewater treatment chemicals such as allergies, mouth sores, eczema, and rashes are expected to hinder the market growth over the forecast period. Moreover, not all germs and contaminants are removed from the water, as there is a number of pollutant present which are difficult to reduce. This factor is expected to restrict the market growth of wastewater treatment chemicals.
Market Opportunities • The rising number of collaboration among major players is expected to propel the market growth over the forecast period. For instance, in January 2019, chemicals company Kemira and process technology, automation and services company Valmet, have signed a partnership agreement in Europe for collaboration in the water and sludge treatment customer applications. Therefore, an increasing number of the partnership is expected to propel the market growth of wastewater treatment chemicals.
Growing initiatives by the manufacturer for increasing investment is expected to boost the market growth of the wastewater treatment chemicals. For instance, in October 2019, Kemira announces multi-million investment in water treatment chemical production in the UK. The investment decision is based on the expected growth in market demand for coagulants used in water treatment, driven by stricter regulation regarding e.g. phosphorus removal. Hence, rising investment by the government is expected to propel the market growth.
Figure 2. Global Water & Wastewater Treatment Chemicals Market, Opportunity Analysis
Statistics: • Global water & wastewater treatment chemicals market was valued at US$ 28,769.0 Million in 2018 and is forecast to reach a value of US$ 41,625.7 Million by 2027 at a CAGR of 4.2% between 2019 and 2027
Market Trends/Key Takeaways • Rising awareness regarding the zero water discharge plants is encouraging players to implement the zero water discharge plant which is projected to propel the market growth over the forecast timeframe. In accordance with various ISO environmental certifications and as a voluntary obligation to preserve water resources, various end-use industries around the globe are developing infrastructure to promote zero discharge of water after the process. Therefore, development of such plants is projected to impact water treatment chemicals market positively over the forecast timeframe.
An increasing the number of the merger by major players is expected to fuel the market growth of wastewater treatment chemicals. BASF merged with Solenis for its water and paper treatment chemicals operations, the former water technologies business of US-based Ashland, creates business with annual revenues of around €2.4bn, the Germany-headquartered chemicals major said on Thursday.
Figure 3. Global Water & Wastewater Treatment Chemicals Market, Value Chain Analysis
Competitive Section: • Players active in the market are KemiraOyj, ION EXCHANGE (I) Ltd, Thermax Ltd, BASF-SE, GE Water & Process Technologies, DorfKetal, Chembond India Ltd, SNF Group, Vasu Chemicals, E. I. du Pont de Nemours and Company, Gold Crest, Shandong Taihe Water Treatment Technologies Co., Ltd., and Shandong XinTai Water Treatment Technology Co., Ltd • Few Recent Developments • GE Water & Process Technologies • In October 2017, SUEZ acquired GE Water & Process Technologies for the industrial water market
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