Wastewater Treatment Chemicals Market Top Key Industry Players: BASF, AkzoNobel, Air Products, Kemira, Kurita, Lonza, The Dow Chemical Company, Thermax Limited

Europe wastewater treatment chemicals market share is anticipated to grow at a significant rate due to increase in end-use industries such as pharmaceuticals, food & beverages and refineries. Middle East & Africa is expected to be an attractive wastewater treatment chemicals market owing to water scarcity, insufficient water structure, and outbreak of water-borne diseases such as cholera.

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End-use industries include municipal and industrial segment. Industrial segment is bifurcated into textiles, power, oil & gas, semiconductors and pulp & paper. Oil & gas industry is likely to witness high growth owing to its large water consumption during exploration and processing. Demand from the agriculture industry is expected to increase owing to volatile climate and increasing water reusability & recycling trend.

Wastewater treatment chemicals market size was valued at over USD 22 billion and is estimated to be worth more than USD 35 billion by 2023, growing at a CAGR of approximately 5.5%.

U.S. wastewater treatment chemicals market size accounted for more than 35% of the total volume in 2015. Asia Pacific was around 9 billion in 2015 and is expected to reach approximately 15 billion by 2023, with estimated gains of more than 7.5%. China and India are likely to fuel demand owing to high population density and industrialization growth.

Key chemicals include coagulants & flocculants, corrosion & scale inhibitors, pH adjusters, biocides & disinfectants, chelating agents, softeners, and anti-foaming agents. Coagulants & flocculants market size was valued at over USD 8.5 billion in 2015 and accounted for more than 25% of the total volume. It is expected to reach around USD 15 billion by 2023, with estimated gains of 5%. Corrosion & scale inhibitors market is anticipated to witness significant growth due to optimum efficiency in maintaining correct water conditions, specifically for cooling systems. pH adjusters is likely to gain popularity owing to prevention capabilities pertaining to wastewater bacteria.

Processed or raw water is used in various applications including washing, cooling, and processing in several manufacturing industries such as pharmaceuticals, pulp & paper chemicals, metal & mining, power, semiconductors, oil & gas, and textiles. These industries are the major water pollution contributors. Increasing contamination owing to rapid industrialization accompanied by water scarcity has lead to stringent government regulations, which is likely to be the key driving factor for the industrial wastewater treatment chemicals market.

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Increasing gap between water demand and supply coupled with government regulations towards water reuse and recycle projects is likely to drive growth. Growth in end-use industries such as pharmaceuticals, power, pulp & paper, dairy, food & beverages, oil & gas and refineries are likely to propel the wastewater treatment chemicals market size.

Global wastewater treatment chemicals market share is comprised of Kemira, Kurita, BASF, Air Products & Chemicals, Nalco-Ecolab, AkzoNobel, BWA Water Additives, Ion Exchange, Thermax, Carus Corporation, Hydrite Chemical, The Dow Chemical Company, Lonza Group, and GE Water & Process Technologies.

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