Global Water Treatment Chemical Market To Be Driven By Rising Demand from Industry and Municipal Waste Water Treatment : Analysis by Top Key Players, Size, Revenue and Outlook From 2014-2025
According to a new market report published by BlueWeave Consulting, the Global Water Treatment Chemicals Market was valued at US$ 23.56 Bn in 2017 and is expected to expand at a CAGR of 5.7% from 2018 to 2025, reaching US$ 37.25 Bn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the Global water treatment chemicals market in 2017.
Increasing demand from industrial and municipal wastewater treatment is driving the Global Water Treatment Chemicals market.
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Water from various surface sources is frequently contaminated by microbes. While groundwater is normally safer, even groundwater can get contaminated by harmful chemicals from human activities as well as natural environment. Rainwater that is captured by a rooftop harvesting system or small catchment dams is relatively safe. Wastewater treatment is a procedure by which wastewater is converted into an effluent which can be reused directly or can return to the water cycle with minimal effect on the environment.
According to UNESCO 2017, worldwide over 80% of wastewater is released to the environment without adequate treatment. Around 1.8 billion people use a source of drinking water contaminated with microorganisms, risking of contracting cholera, dysentery, typhoid, and polio. Wastage of water has become one of the major challenges for both developed and developing economies with increase in manufacturing industry. Numerous government and non-government organizations are actively participating to save fresh water and natural resources. For instance, average high income countries treat about 70% of the wastewater they generate, while 38% of waste water is only treat in upper middle income countries and 28% in lower middle-income countries. Further, in low income countries, only 8% of industrial and municipal wastewater undergoes treatment of any kind, reported by United Nations Educational, Scientific and Cultural Organization in 2017. Thereby, wastewater treatment chemicals products demand will increase globally owing to rise in consumers awareness regarding depletion of natural resources and scarcity of freshwater in developed countries, surging the need for waste water treatment chemicals
Global Water Treatment Chemicals Market: Scope of the Report
The Global Water Treatment Chemicals market is segmented on the basis of product type, and end-use industry. On the basis of product type, the market is segmented into Flocculants, Coagulants, Corrosion Inhibitors, Biocides & Disinfectants, Scale Inhibitors, pH Adjusters and Others. Flocculants was the largest segment in the Global Water Treatment Chemicals market in 2017 and is estimated to witness the highest growth during 2018-2025. On the end-use industry basis, the market is segmented into Municipal, Power Generation, Oil & Gas, Chemicals Manufacturing, Mining & Mineral Processing, Food & Beverages, and Others. Municipal accounted for the largest segment in the Global Water Treatment Chemicals market in 2017.
On the basis of region, the market is segmented into five parts namely North America, Asia Pacific, Europe, Latin America, Middle East & Africa. North America was the largest region in the global water treatment chemicals market in 2017 with a market share of 31.11% and it is estimated to grow over a CAGR of over 5% during 2018-2025.
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Global Water Treatment Chemicals Market: Competitive Dynamics
Companies, such as BASF SE, Solvay S.A., DowDuPont, Ecolab Inc., Suez S.A., and Baker Hughes Incorporated are the key players in manufacturing water treatment chemicals globally. In terms of product offerings, BASF SE and Ecolab Inc. are the major players in the market, providing chemicals for water treatment.
Global Water Treatment Chemicals Market: End-Use Industry Analysis
• Municipal is the largest growing segment with a CAGR of over 4% during the forecast period. Municipalities are typically responsible for wastewater treatment and potable water creation on large scale. Municipal water treatment infrastructure, whether it is government or privately owned, requires maximum-efficiency plants to create drinking water, treat wastewater(sewage), or re-use wastewater in an environmental, economic and sustainable way.
• Power Generation is the fastest growing segment with a CAGR of 6.5% during 2018-2025. The power generation industry is one of the greatest consumers of water worldwide, making water and wastewater treatment a vital topic. For power generation, water is used in high-pressure boilers, turbines and cooling towers. Water treatment for power generation is a vital process that requires dependable technology. High purity water ensures proper operation of steam generation system and reduces blow down frequency and use of boiler chemicals. High purity water is also able to better protect against erosion and damage to equipment.
• Oil & Gas segment is growing with a CAGR of over 6% during 2018-2025. Water is an essential part of oil and gas upstream field production. The availability and supply of fresh water for the use in hydraulic fracking is becoming more expensive and difficult to obtain, in turn increasing the operating cost of oil and gas companies. Additionally, the volatility in the oil and gas prices is forcing oil and gas companies to focus their investments on water and wastewater treatment chemical technologies. With the growing shortage of fresh water for extraction, companies are shifting their focus towards obtaining sustainable and cost-effective water and wastewater management solutions.
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