Wind Turbine Inspection Drones Market The Rise of Demand Market Analysis and Growth Expectations in 2030 | Danfoss, Cair Euromatic Automation

Water and wastewater treatment chemicals are used in purification and cleaning processes to produce drinking water and treat industrial and municipal wastewater. These include coagulants & flocculants, corrosion & scale inhibitors, biocides & disinfectants and pH adjusters & softeners.

The water treatment chemicals market is estimated at USD 35.83 billion currently. It is expected to reach USD 48.02 billion over the forecast period, registering a CAGR of over 6.03% during the forecast period.

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Market Dynamics:

The growth of the water & wastewater treatment chemicals market is driven by stringent regulations regarding water quality and the increasing need for clean water from both municipal and industrial sectors. Stringent regulations mandating industries to restrict discharge of contaminated water into water bodies and reuse wastewater are compelling many industries to invest in advanced water treatment facilities. Growing concerns about water scarcity and population growth are also boosting infrastructure development for efficient water management, thereby fueling the market growth. Higher production of chemical-based wastewater and its effective treatment will continue to create opportunities over the forecast period.

Key Company Profiles:

Danfoss, Cair Euromatic Automation, Emerson Electric, and Pentair. Other prominent vendors include Belimo, Marsh Automation, Hitachi, Honeywell, Avcon Controls, Schubert & Salzer, BI-TORQ Valve Automation, Rotork, Flowserve, Hansen Technologies, and A.u.K. Müller GmbH.

Market segmentation:

Global Water And Wastewater Treatment Chemicals Market, By Product Type:
Coagulants & Flocculants
Biocides
Corrosion & Scale Inhibitor
Defoamer
PH Adjuster

Global Water And Wastewater Treatment Chemicals Market, By Application:
Cooling Water
Boiler Water
Membrane Water
Municipal
Other

Global Water And Wastewater Treatment Chemicals Market, By End User:
Oil & Gas
Power
Mining
Pulp & Paper
Chemical & Fertilizer
Pharmaceutical
Municipal
Textile
Food & Beverages
Others

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Increasing demand for clean water

The growing population and industrialization has increased the demand and stress on freshwater resources. According to United Nations, around 4 billion people worldwide will be living in water-scarce areas by 2025. This rising demand for clean and potable water is a major market driver for water and wastewater treatment chemicals. Water treatment chemicals help purify water by removing unwanted contaminants, suspended solids, bacteria and other microorganisms to make it suitable for various end-use applications such as municipal and industrial uses. They play a crucial role in ensuring the availability of clean water.

Stringent regulations regarding discharge of industrial effluents

Governments across the globe are implementing stringent regulations and standards to curb water pollution. For example, the U.S. Environmental Protection Agency (EPA) has set National Pollutant Discharge Elimination System (NPDES) permitting program that regulates and controls discharge of pollutants into water bodies. Similar regulations exist in the European Union and other developed markets. The tightening discharge norms require industries to treating their wastewater before releasing them. This is fueling the demand for water and wastewater treatment chemicals that can help companies meet the discharge standards and avoid penalties.

This Report lets you identify the opportunities in Motorized Control Valves Market by means of a region:

⦿ North America (the United States, Canada, and Mexico)
⦿ Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
⦿ Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
⦿ South America (Brazil etc.)
⦿ The Middle East and Africa (North Africa and GCC Countries)

Fluctuating raw material prices

Water and wastewater treatment chemicals are derived from various petrochemical-based raw materials whose prices exhibit volatility depending on factors like fluctuations in crude oil prices. Since most water treatment chemicals are commodity products, manufacturers have limited scope to pass on the entire price increase of raw materials to the customers. The price volatility of key raw materials like acids and solvents poses a challenge and affects the profit margins of chemical companies. This acts as a major market restrain for water and wastewater treatment chemicals.

Growing reuse and recycling of treated water

With the growing scarcity of freshwater, many cities and industries are now focusing on recycling and reusing the treated wastewater. For example, treated municipal wastewater is being used for applications like landscape irrigation, agricultural and groundwater recharge. Similarly, industries are recycling their process wastewater. The increasing recycling and reuse of treated wastewater opens up an opportunity to further treat the recycled water with chemicals to make it suitable for reuse applications. This helps reduce the load on freshwater resources and acts as a new growth driver.

Increasing preference for green chemicals

There is a growing trend among industries and municipalities towards adopting greener and more sustainable water treatment methods. Regulatory push and public pressure are driving increased focus on using natural, non-hazardous and biodegradable chemicals. For example, many water treatment facilities are replacing chlorine with safer alternatives like ozone for disinfection. Leading chemical companies are developing new green chemicals that are derived from renewable feedstocks and have lower toxicity. The preference for eco-friendly chemicals will reshape the market and bring newer products.

Key questions answered in the report include:

ᗒ How Motorized Control Valves Market industry market will boom in 2023?

ᗒ which are prominent key players will be growing the market?

ᗒ Which enterprise size accounted for the largest data center colocation market share?

ᗒ What is the Compound Annual Growth Rate(CAGR) of the market during the forecast period (2023-2030)?

ᗒ What is the primary factor contributing to the growth of the market?

ᗒ Which region held the largest market share in the market?

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This release was published on openPR.