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Water Treatment Chemicals and Technology Market Overview
The Water Treatment Chemicals and Technology Market size is forecast to reach US$63.3 billion by 2027 after growing at a CAGR of 6.2% during the forecast period 2022-2027. Some of the common water treatment chemicals and technology include Coagulants and Flocculants such as Aluminum Sulfate, and Potassium Permanganate, Biocides, Chelating Agents, Activated Carbon, Sedimentation, Gravel Filters, and others. Water treatment chemicals and technology are adopted by industries such as Oil and Gas, Paper and Pulp, Textile, Automotive, Chemical, Food and Beverages, and so on. The Ministry of Petroleum and Natural Gas (MoPNG) announced that activities related to 8,363 Oil & Gas projects worth INR 5.88 lakh crore ($80.47 billion) have resumed in India since April 2020. This, in turn, has increased the demand for water treatment chemicals and technology in order to treat the wastewater produced from these production sites. An increase in demand for oil and gas production along with strict government regulations to adopt water treatment acts as a major driver for the market. On the other hand, the negative effects of the release of chemicals during the water treatment process on the environment may act as a major constraint for the market.
COVID-19 Impact
There is no doubt that the COVID-19 lockdown has significantly reduced construction and production activities which in turn has resulted in the country-wise shutdown of construction sites, shortage of labor, and the decline of supply and demand chain all over the world. Studies show that the outbreak of COVID-19 sharply declined oil and gas production in 2020 due to a lack of operations across multiple countries around the world. A decline in production activities significantly reduced the production of liquid waste generated from these petroleum refinery sites, thus, affecting the market. However, a slow recovery in new development and production activities has been witnessed across many countries around the world since the end of 2020. For instance, in September 2020, the Indian Oil Corporation (IOC) had approved an investment of INR 1,268 crore (US$ 173.5 million) in order to set up a needle coker unit at the firm’s Paradip refinery in Odisha. The proposed unit is expected to have a total Calcined Needle Coke (CNC) production capacity of around 56-kilo tonnes per year. Likewise, Australia announced its Scarborough Gas Project and Pluto LNG Expansion worth US$ 11 billion to be resumed since 2020. The facility was built with a targeted capacity of 4-5 mtpa, which will be responsible for developing the gas from the Scarborough field, located 270km off the coast of Western Australia. In this way, a slow and steady increase in oil and gas production activities will require the use of Water Treatment Chemicals and Technology in order to treat the wastewater produced from these production sites. This will eventually lead to a steady recovery of the market in the upcoming years.
Water Treatment Chemicals and Technology Market Segment Analysis – By Type
Coagulants and Flocculants in Water Treatment Chemicals and Technology Market held the largest share in the Water Treatment Chemicals and Technology Market in 2021 and is expected to grow at a CAGR of 5.8% between 2022 and 2027, owing to its increasing demand from the water treatment plants for the sedimentation process. Coagulants and Flocculants such as Aluminum Sulfate, and Potassium Permanganate, are commonly used and preferred in the tank of wastewater treatment plants because they help fasten the sedimentation process in comparison to other types of water treatment chemicals. They can easily remove turbidity, color, algae, and other types of microorganisms from the surface of the water. They play a major role in eliminating around 90% of the solid particles that are suspended from the wastewater during the treatment process. The major advantage of using Coagulants and Flocculants over other types of water treatment chemicals is that it is quite easy to use, it is cost-effective, and there is a minimum disparity in the quality of water that is treated through this process. Hence, all of these factors are most likely to increase demand for Coagulants and Flocculants for wastewater treatment, thus leading to market growth in the upcoming years.
Water Treatment Chemicals and Technology Market Segment Analysis – By Source
The industrial segment in Water Treatment Chemicals and Technology Market held a significant share in 2021. The major reason behind this is the increase in demand for wastewater treatment that is generated from multiple industrial sectors such as Oil and Gas, Paper and Pulp, Textile, Automotive, Pharmaceutical, Iron and Steel, chemicals, and more. According to research published on RecoverUSA, the USA produces around 7.6 billion tons of industrial waste every year. Currently, the U.S. recycles about 30% of its waste stream, and more than 60% of the average landfill constitutes of plastics, paper, glass, metals, and food waste.
Authorities such as the Environmental Protection Agency (EPA) have enforced strict regulations on the discharge limits of pollutants in water which needs to be followed strictly or it can result in an environmental penalty. Hence, an increase in demand for the treatment of wastewater produced from multiple industrial sectors is most likely to increase the growth of the Water Treatment Chemicals and Technology Market in the upcoming years.
Water Treatment Chemicals and Technology Market Segment Analysis – By End-Use Industry
The Municipal Industry held the largest share in the Water Treatment Chemicals and Technology Market in 2021 and is expected to grow at a CAGR of 5.4% between 2022 and 2027, owing to the increasing demand for Water Treatment Chemicals and Technology in order to treat the municipal wastewater generated from various countries across the world. For instance, according to the Environmental Information System (ENVIS), the total amount of municipal wastewater generation in India reached up to 72,368 MLD whereas the total water treatment capacity reached up to 36,668 MLD in 2020.
According to the United States Environmental Protection Agency, more than 75% of the country’s population is served by centralized wastewater collection and treatment systems. There are around 16,000 municipal wastewater treatment facilities that are operational throughout the country. Over 30% of the facilities for wastewater treatment produce cleaner discharges by providing higher levels of treatment than secondary treatment. Likewise, recent insights from the University of Michigan – Center for Sustainable Systems, states that California recycled around 1.5 million acre-feet of water per year in 2020, and it is expected to reach up to 2.5 million acre-feet of water per year by the end of 2030.
In this way, an increase in demand for municipal wastewater treatment will also significantly increase the demand for Water Treatment Chemicals and Technology, thus, leading to market growth in the upcoming years.
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Water Treatment Chemicals and Technology Market Segment Analysis – By Geography
North America held the largest share in the Water Treatment Chemicals and Technology Market in 2021 up to 34%, owing to the increase in demand for wastewater treatment that is generated from oil and gas production activities. For instance, the government of the USA made an announcement to continue to operations of the Alaska LNG Liquefaction Plant project worth US$ 43 billion in 2020. The Alaska LNG represents a three-train liquefaction plant, gas treatment plant, an 800-mile pipeline. The facility is expected to export around 3.5 billion cubic feet of gas per day from Alaska’s North Slope gas fields. Likewise, in 2019, the Canadian Association of Petroleum Producers (CAPP) stated that Canada is capable of producing 16,000 barrels of crude oil per day along with 5.5 billion cubic feet of natural gas per day. It also states that Canada’s oil production is estimated to reach 106.3 million barrels per day by 2040. According to the American Petroleum Institute (API), more than 18 billion barrels of waste fluids from oil and gas production are generated annually in the United States.
Authorities such as the Environmental Protection Agency (EPA) have enforced strict regulations on the discharge limits of pollutants in water. According to the Environmental Protection Agency, wastes produced from crude oil and natural gas exploration and production are usually subject to regulation under Subtitle D of the Resource Conservation and Recovery Act (RCRA) and state regulations, and several state governments have come up with specific regulations and guidance for exploration and production wastes. An increase in oil and gas production activities has also increased the risk of possible effects on public health and the environment, including possible negative effects arising from improper management of wastes from exploration and production activities. Hence, the regulations enforce the importance of proper wastewater management and treatment for all exploration and production wastes. In order to abide by the existing regulations, the demand for wastewater treatment generated during these oil and gas production activities has also increased significantly. This, in turn, will lead to the growth of the Water Treatment Chemicals and Technology Market in the upcoming years.
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Water Treatment Chemicals and Technology Market Drivers
Increasing demand for oil and gas production is most likely to drive the market growth
Continuously increasing demand for oil and gas supplies from the industrial, commercial, and residential sectors is a key driver of market growth. For instance, Nigeria announced the start of its project called Dangote Refinery and Polypropylene Plant worth US$ 11 billion which is due delivered by the end of 2021. The facility is expected to process different grades of crude including shale oil, along with a production capacity of 104,000 b/d of diesel, 153,000 b/d of gasoline, 4,109 b/d of LPG, 73,000 b/d of jet fuel, and 12,300 b/d of fuel oil. Similarly, Russia announced the continuity of its project called Nord Stream 2 Gas Pipeline worth US$ 10.8 billion since 2020. The pipeline is expected to increase the gas capacity of the Nord Stream route to 110 billion m3 per annum.
Water Treatment Chemicals and Technology such as aluminum sulfate, potassium permanganate, gravel filters, sedimentation, and activated carbon plays a major role in order to treat the wastewater generated from this sector during the production activities. This not only reduces the negative impact of generated wastewater on the environment but also helps the industry save a lot of money by reusing recycled waste materials. In this way, an increase in demand for oil and gas production activities in various countries across the world will also increase the demand for wastewater treatment generated during these production activities in order to maintain the prevailing environmental regulations, thus, leading to market growth in the upcoming years.
Strict government regulations to adopt wastewater treatment is most likely to drive the market growth
Authorities such as the Environmental Protection Agency (EPA) have enforced strict regulations on the discharge limits of pollutants in wastewater. For instance, the U.S. Environmental Protection Agency has issued Effluent Guideline regulations for industries under the Clean Water Act (CWA). According to this regulation, the maximum level of contamination that is allowed in discharge depends on the type of industry along with the levels that have been set as per the performance of treatment systems. Any kind of desecration of these regulations or guidelines can lead to an environmental penalty. Exceeding the mentioned discharge levels, abnormal or accidental release of pollutants along with the failure of discharge reporting can result in an environmental penalty. Hence, all the manufacturers from multiple industries are bound to follow these regulations and tend to treat wastewater properly in order to avoid such penalties. This, in turn, can lead to significant growth of the Water Treatment Chemicals and Technology Market.
Water Treatment Chemicals and Technology Market Challenges
Negative effects of the release of chemicals during water treatment process on the environment can cause an obstruction to the market growth
According to recent insights published by the Government of Canada, the overall process of collecting and treatment of wastewater can release certain volatile chemicals into the air. The chemicals that are commonly released into the air in large volumes include carbon dioxide, methane, oxides of nitrogen, hydrogen sulfide, and chlorine if used in the treatment process. Several other chemicals can also be released into the air to a small extent during the wastewater treatment process. This can result in low air quality, thus, leading to a negative impact on the environment. Hence, the negative effects of the release of chemicals during the wastewater treatment process may confine the market growth.
Water Treatment Chemicals and Technology Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in this market. Water Treatment Chemicals and Technology top 10 companies include:
1. BASF SE
2. Ecolab Inc.
3. Kemira OYJ
4. Solenis LLC
5. Akzo Nobel N.V.
6. Baker Hughes Incorporated
7. The DOW Chemical Company
8. Kurita Water Industries Ltd
9. Suez S.A
Acquisitions/Technology Launches
In August 2019, Global Water Technology Inc. (GWT) acquired water treatment company Butler Chemical Company Inc. The main aim of this acquisition was to provide GWT with an extra 175 customer portfolio and strengthen its presence across Indiana and Illinois in the U.S.
In March 2019, Kurita Water Industries Ltd. invested US$ 270 million and acquired the manufacturer of water treatment chemical, U.S. Water Services Inc. The main motive of the acquisition was to strengthen Kurita’s presence in North America.
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Key Takeaways
Coagulants and Flocculants in Water Treatment Chemicals and Technology Market is expected to see the fastest growth, especially during the forecast period, owing to its increasing demand for water treatment in oil and gas plants.
Municipal Industry in Water Treatment Chemicals and Technology Market is expected to see the fastest growth, especially during the forecast period, owing to the increasing demand for wastewater treatment from the industry.
North America dominated the Water Treatment Chemicals and Technology Market in 2021, owing to the increasing demand for water treatment due to the shale gas exploration in the region in recent years.
Relevant Reports
Water Treatment Additives Market – Forecast (2022 – 2027)
https://www.industryarc.com/Report/6354/Water-Treatment-Additives-Market-Research-Report.html
Industrial Waste Water Treatment Chemicals (IWTC) Market – Forecast (2022 – 2027)
https://www.industryarc.com/Report/18225/industrial-waste-water-treatment-chemicals-iwtc-market-research-analysis-report.html
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