Water Treatment Chemicals Market 2022-2030
Water treatment chemicals extract bacteria, viruses, algae, minerals, and suspended solids from untreated water. It is also used to treat alkalinity and to preserve the pH level of industrial wastewater. Power and manufacturing industries around the globe need a large amount of water to maintain efficient operation. Power plants, for example, require water for steam generation, ash handling, flue gas desulfurization, and cooling purposes.
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Cooling steam from cooling towers requires almost 90 % of the total water used in power plants. All of these methods produce a large amount of contaminated water that is hazardous to the environment. Strong demand for water treatment chemicals in the end-use industries influences manufacturers to increase their production efficiency. In November 2018, for example, Lanxess, a German specialty chemical firm, invested USD 18.27 crores in widening its production capacity in India for chemical intermediaries, water treatment chemicals, and high-performance plastics.
As per Market Research Future (MRFR) analysis, the global water treatment chemicals market is estimated to reach USD 67.69 billion with a growing CAGR of 6.5% from 2017 to 2025 (forecast period).
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Manufacturing industries such as chemical, oil & gas, pulp & paper, food & beverage, and mining produce vast quantities of contaminated wastewater regularly. As a result, the wastewater produced by these factories is typically loaded with harmful, carcinogenic and non-biodegradable chemicals; organic matter and mineral nutrients such as nitrogen and phosphorus; and traces of metals and oxides, which are necessary to be handled before being discharged into water bodies, thus boosting the demand for global wastewater treatment chemicals during the forecast. In addition to increasing the production capacity of the manufacturing industries, the amount of industrial effluent is also growing. Such effluents, when reaching the water bodies, disrupt the chemical oxygen demand (COD) and the biological oxygen demand (BOD) equilibrium, resulting in water contamination, promoting the growth of water treatment chemicals.
Moreover, stringent restrictions on the discharge of effluent into the environment have been enforced by governments across the globe, such as the Drinking Water Directive, the Bathing Water Directive, the Sewage Sludge Directive, the Groundwater Directive, the Nitrate Directive, the Biocides Directive, and the Water Framework Directive, among others. The US Environment Protection Agency (US EPA) has implemented federal regulations on clean water and safe drinking water under the Safe Drinking Water Act (SDWA) and the Clean Water Act (CWA) to assist in pollution reduction efforts to protect watersheds and drinking water supplies. As a result, the demand for water treatment chemicals in the power and manufacturing industries is rising to regulate the COD and BOD balance and comply with regulatory requirements.
The global market for water treatment chemicals market has been segmented based on type, application, and region.
Based on type, the market for water treatment chemicals is segmented as coagulants & flocculants, corrosion inhibitors, biocides & disinfectants, and scale Inhibitors. The segment of biocides & disinfectants is increasing at a substantial rate of CAGR due to a rise in several chronic diseases caused by the ingestion of contaminated water worldwide.
Based on the application, the global water treatment is divided as a municipal water treatment plant, chemical processing, power generation, and others. The use of water treatment chemicals in the municipal plant is likely to increase due to increasing concerns about fresh drinking water across the globe.
Region-wise, the global water treatment chemicals market has been studied across five key regions, namely the Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.
In Europe, the increased use of water treatment chemicals in wastewater discharges from manufacturing industries is expected to generate regional demand. In addition, the government’s stringent regulation to regulate water pollution is likely to support the use of water treatment chemicals during the review period.
North America ‘s demand for water treatment chemicals is powered by growing applications in the chemical processing industry.
The market in the Asia Pacific is rising at a staggering rate due to a rise in population, causing water pollution and thus increasing demand for water treatment chemicals during the review period. Leading countries such as India, China, Malaysia, Thailand and South Korea are experiencing an industrial revolution that has resulted in higher wastewater generation requiring more water treatment chemicals.
Due to high oil & gas exploration activities in the area, the Middle East & Africa and Latin America regions are expected to see healthy growth during the forecast period.
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The leading market players in the global water treatment chemicals market are Kemira OYJ (Finland), BASF SE (Germany), Lanxess (Germany), DuPont (US), Kemira OYJ (Finland), Akzo Nobel NV (Netherlands), Solenis LLC (US), Ecolab Inc (US), Baker Hughes (US), and Lonza Group (Switzerland).