Water scarcity has had a devastating impact across the world as the population growth continues unabated. According to UN data, approx. 2/3rd of the global population is expected to be suffer some form of water stress by 2050. Rapid urbanization and industrialization has necessitated the uninterrupted supply of both potable and non-potable water. There is immense need for water treatment chemicals in multiple sectors such as agriculture and industry. A widening demand-supply gap requires the reuse and recycling of water proving massive opportunities for stakeholders in the water treatment chemicals market.
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Target APAC Region as Millions of Rural Inhabitants Lack Access to Potable Water
The APAC region led the water treatment chemicals market on account of the huge populations of China, India, and ASEAN still lacking access to potable water in rural areas. National governments have prioritized the improvement of water supply and maintaining quality standards and this should benefit the APAC water treatment chemicals market for the foreseeable future. This is in stark contrast to Europe and North America that have stringent regulations in place resulting in rising water treatment costs.
Focus on Coagulants for Maximum Profitability in Water Treatment Chemicals Market
Coagulants and flocculants held a commanding share of the water treatment chemicals market in 2018. Scale & corrosion inhibitors are sought after and anticipated to grow robustly over the course of the forecast period. Scale & corrosion chemicals stop scale formation, protecting cooling systems from metallic corrosion. Biocide chemicals help control microbial growth that can have dangerous implications for environmental and human health. In addition, biocides are the preferred option for removing bad tastes and odour from water.
High Wastewater Discharge from Mining Industry Mandates Water Treatment Chemicals
The textile, mining, oil & gas, and power generation industries are all water-intensive with industry consuming roughly a fifth of available freshwater. These industries generate large volumes of wastewater that must be treated before discharge. Furthermore, the spike in membrane use in the mining industry is likely to boost demand in the water treatment chemicals market. Local municipalities also need water treatment chemicals for drinking and wastewater generated through day-to-day activities.
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Filtration Membranes Hold Key to Success in Water Treatment Chemicals Market
There has been a sea change in the water treatment chemicals market in the past decade as alternative treatment becomes the norm with filtration membranes of particular note. Water treatment chemicals find widespread application in filtration membrane systems to eliminate chlorine from feedwater. Water treatment chemicals improve the productivity and efficiency of filtration membranes while some increase their lifespan. Some widely used treatment chemicals in the pre-treatment process include defoamers, pH adjusters, and scale and corrosion inhibitors.
EU Directive Compels Companies to Innovate in Water Treatment Chemicals Market
In 2020, the EU implemented the Drinking Water Directive that mandates safe water for human consumption across the European Union and companies must comply to continue doing business across the continent. This will impact their profitability and they are launching products that can adhere to these guidelines with an emphasis on mining. In 2020, Genesys released an anti-scalant custom designed for water treatment in mines. The product can function at extreme pH levels and should give Genesys a major leg up over rivals in the water treatment chemicals market.
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