Water Treatment Chemicals Market is Expected to Reach $31.7 Billion, Globally, by 2022

Water Treatment Chemicals Market is expected to garner $31.7 billion by 2022, registering a CAGR of 4.5% during the forecast period 2016 - 2022. Water constitutes an essential part of our day-to-day life and pure water is crucial for the well-being of our community. Water is a universal solvent, but solids, such as clay, fine sand, dust, and rust are not soluble in water.

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They remain undissolved in water, resulting in cloudiness and are technically known as total suspended solids (TSS). Water treatment is done to decrease the TSS levels as per the end-user requirement, and hence differ depending on TSS level, location, and application. The market for the water treatment chemicals comprises of various chemicals used in the water treatment processes. In 2015.

Increasing consumption of water across the globe coupled with stringent government regulations on the TSS level of the water drives the global water treatment chemicals market. In addition, increasing industrial activities and growth in world population drives the market for the water treatment chemicals across the globe. However, factors such as increasing water treatment chemicals prices and presence of alternative treatment technologies are expected to hamper the market growth.

Based on a type of water treatment chemicals, the market is segmented into coagulants, pH adjusters & softeners, flocculants, biocides & disinfectants, scale inhibitors & dispersants, corrosion inhibitors and others. With the technological development in the water treatment industry, usage of treatment equipment has increased, thereby increases the consumption of the corrosion inhibitors across the globe as they protect the equipment from corrosion during a treatment process. Hence, in 2015, corrosion inhibitors occupied a highest share of 22.8% in global water treatment chemicals market.

Based on applications, the market is segmented into industrial, municipal and others. Industrial water treatment application is further sub-segmented into power generation, refineries, pulp & paper, metal & mining, food & beverages, oil & gas, sugar, and others. In 2015, power generation segment occupied highest share of 29.3% in industrial water treatment chemicals market, as huge amounts of treated water are required to produce electricity. In addition, increasing per capita consumption of power has increased the demand for the electricity across the globe, which in-turn increases the demand for the water treatment chemicals in the power industry. Municipal water is the key segment for water treatment chemicals as they are mandate in this industry to protect humans from health hazards.

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Segment Overview:
Industrial water treatment is important in order to comply with several governmental and environmental regulations associated with industrial wastewater discharge. In industries, the treatment of water prior to its use is called process water treatment, while its treatment after the manufacturing process is called wastewater treatment. Water treatment is employed in different industries such as power generation, refineries, pulp & paper, metal & mining, food & beverages, oil & gas, and sugar including others. Municipal water treatment includes the treatment of drinking water, municipal wastewater, water used in swimming pools, and bottled water.

Water is an important resource for household chores, drinking purposes, and manufacturing processes in numerous end-use industries. Increasing population and industries across the globe have created the need for water treatment in order to recycle and reuse wastewater. By geography, the global water treatment chemicals market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the leading region that accounted for 32.8% of the total market in 2015, owing to the rapid growth in the industrial sector and adoption of water treatment processes in order to meet the required water quality standards.

Top Investment Pockets
Asia-Pacific is the most lucrative region in the global water treatment chemicals market. Market players have forayed into the Asia-Pacific region due to the increasing use of water treatment chemicals for industrial as well as municipal water treatment. The Asia-Pacific water treatment chemicals market was valued at $7,609 million in 2015 and is expected to grow at a CAGR of 5.6% from 2016 to 2022.

North America is the second most lucrative market for new entrants. Increasing demand for water treatment chemicals from industrial sector and growing government obligations for water recycling are the key factors fueling the growth of the water treatment chemicals market in this region.

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