Water Treatment Chemicals Market Overview
The Water Treatment Chemicals
Market size is estimated to reach US$43.2 billion by 2027, after growing at
a CAGR of 3.4% during the forecast period 2022-2027. Water treatment is the
process of extraction of unwanted components and pollutants from the water
using chemicals such as chlorine, chloramines, chlorine dioxide, biocides,
coagulants, disinfectants and others. The Water Treatment Chemicals are
increasingly used for applicability in boiler water chemicals, raw water
treatment, water purification and others across major end-use industries,
thereby acting as a driving factor in the Water Treatment Chemicals industry.
In addition, surging water treatment projects and awareness for wastewater
treatment and purification are propelling the growth scope for Water Treatment Chemicals. Furthermore, disruption caused by the COVID-19 outbreak impacted the
growth of the Water Treatment Chemicals Market due to disturbance in
manufacturing, supply chain disruption, falling demand from major end-use
industries and other lockdown restrictions. However, significant recovery is boosting
the demand for Water Treatment Chemicals for a wide range of applicability and
utilization in medical, electronics and other sectors. Thus, the Water Treatment Chemicals industry is anticipated to grow rapidly and contribute to
the Water Treatment Chemicals Market size during the forecast period.
Water Treatment Chemicals Market Report Coverage
The “Water Treatment
Chemicals Market Report – Forecast (2022-2027)” by IndustryARC, covers an
in-depth analysis of the following segments in the Water Treatment Chemicals Industry.
- Asia-Pacific dominates the Water Treatment Chemicals Market, owing to growth factors such as the flourished base for water treatment projects, established base for chemicals, oil & gas and others and industrialization.
- The flourishing municipal water & wastewater sector across the world is propelling the demand for Water Treatment Chemicals for major utilization in desalination, raw water treatment, water purification, sewage pipeline network and others, thereby contributing to the Water Treatment Chemicals Market size.
- However, the emergence of alternative technologies such as reverse osmosis, UV disinfection and others pose a threat to Water Treatment Chemicals, thereby acting as a challenging factor in the Water Treatment Chemicals industry.
Figure: Water Treatment Chemicals Market Revenue Share by Geography, 2021 (%)
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Water Treatment Chemicals Market Segment Analysis – by Type
The coagulants & flocculants segment held a significant share of the Water Treatment Chemicals Market in 2021 and is projected to grow at a CAGR of 3.5%
during the forecast period 2022-2027. The coagulants and flocculants have a growing
demand in water treatment over other types such as biocides, defoamers,
disinfectants, algaecides and others, due to their wide utilization in water
purification, solids dewatering, sludge thickening, solids removal and lime
softening. In addition, the growing
usage of coagulants for water and wastewater treatment applications, sewage
systems, industrial water treatment and others is boosting
its growth scope. Thus, the coagulant & flocculants type segment is
anticipated to grow rapidly in the Water Treatment Chemicals Market during the
Water Treatment Chemicals Market Segment Analysis – by End-use Industry
The municipal water & wastewater segment held a significant share of the Water Treatment Chemicals Market in 2021 and is projected to grow at a CAGR of 3.9%
during the forecast period 2022-2027. Water Treatment Chemicals have growing
applicability in the municipal water & wastewater sector for raw water
treatment, water purification and others. The lucrative growth prospect in the municipal
water & wastewater sector is influenced by factors such as rising awareness
of wastewater recycling, sewage treatment and pipeline network. According to the Organization
for Economic Co-Operation and Development (OECD), around 92.86% of the population in Australia was connected to wastewater treatment in 2020. According
to the United Nations
Water, around 56% of household wastewater flows were treated in 2020, globally. With the robust scope for water and wastewater treatment
activities and projects, the utilization of Water Treatment Chemicals such as
chlorine, chloramine, biocides and others for water purification, sewage
treatment and others is rising. Therefore, the growth opportunities for Water Treatment Chemicals in the municipal water & wastewater industry are anticipated to
rise during the forecast period.
Water Treatment Chemicals Market Segment Analysis – by Geography
Asia-Pacific held the largest share of up to 41.8% in the Water Treatment Chemicals Market in 2021. The high demand for Water Treatment Chemicals in this region is influenced by the surging awareness for municipal waste treatment, surging utilization of treated water in power generation and industrialization. The municipal water & wastewater industry is rapidly growing in APAC due to growth factors such as purification and treatment of groundwater and sewage pipeline networks. According to International Trade Administration, China plans to build or renovate 80,000 km of sewage collection pipeline networks and increase sewage treatment capacity by 20 million cubic meters per day between 2021 and 2025. With established regulations and growth scope for the municipal water treatment sector, the utilization of Water Treatment Chemicals for water purification, raw water treatment, sewage treatment and others in APAC is growing. This, in turn, is anticipated to boost its growth scope in the Asia-Pacific region over the forecast period.
Water Treatment Chemicals Market Drivers
Bolstering Growth of the Power Generation Sector:
Water Treatment Chemicals have flourishing
applications in the power generation sector for energy generation through
hydro, thermal, nuclear and others. The power generation industry is rapidly
growing due to factors such as emphasis on boosting the production of renewable
energy sources and surging funding and development for energy and power
generation. According to the International Energy Agency (IEA),
the global renewable electricity capacity is projected to rise more than 60%
from the 2020 levels to over 4800 GW by 2026. According
to the Indian
Ministry of Power, the energy generation target for thermal, hydro, nuclear and
Bhutan imports has been set at 1356 billion units, with an increase of 9.83% for
the year 2021-22, as compared to the previous year's actual generation. With the
robust scope for the power generation sector, the utilization of water
treatment chemicals in power plants such as hydro, thermal and others is
increasing. This, in turn, is driving the Water Treatment Chemicals industry.
Flourishing Growth of the Oil & Gas Industry:
Water Treatment Chemicals such as chlorine dioxide coagulants,
corrosion inhibitors, disinfectants and others have a wide range of
applications in the oil & gas sector for water purification in petroleum
refineries, steam generators and others. The oil & gas industry is rapidly
growing due to growth factors such as flourished oil and gas sector, rising
exploration and production activities and urbanization. According
to the India Brand Equity Foundation (IBEF), the oil demand in India is
expected to reach 11 million barrels per day by the year 2045. According
to the United States
Energy Information Administration (EIA), the production of crude oil increased
from 10809 barrels per day in September 2021 to 11473 barrels per day in
October 2021. Thus, with the rapid growth scope of the oil & gas sector, the
utilization of water treatment chemicals for water purification and treatment
in petroleum refineries and onshore and offshore operations is rising
exponentially. This drives the Water Treatment Chemicals industry.
Water Treatment Chemicals Market Challenge:
Emerging Alternatives for Water Treatment Chemicals:
emergence of water treatment technologies such as reverse osmosis (RO),
ultrafiltration and UV disinfection act as a restraining growth factor in the Water Treatment Chemicals Market. The threat from advanced alternative
technologies restricts the applicability of water treatment chemicals such as
chlorine, chloramine, biocides, algaecides and others. In addition, the demand
for sustainable technology for water treatment over conventional treatment
chemicals is creating a major challenge. For instance, Environmental Protection
Agency (EPA) regulates the usage of UV disinfection technology over
chlorine-based biocides. This is one of the reasons the Water Treatment Chemicals Market faces a
major growth slowdown.
Water treatment chemicals Industry Outlook
Technology launches, acquisitions and R&D activities are key
strategies adopted by players in the Water Treatment Chemicals Market. The top 10 companies
in the Water Treatment Chemicals Market are:
- AkzoNobel N.V.
- Baker Hughes Company
- BASF SE
- Solenis LLC
- Kemira OYJ
- Lonza Group AG
- Suez SA
- The Dow Chemical Company
- Ecolab Inc.
- In October 2021, Usalco, LLC, a leading producer of Water Treatment Chemicals, announced the acquisition of the water treatment business of Altivia for municipal, wastewater and industrial applications. This acquisition expanded the coagulant product offering in the market.
- In July 2021, Platinum Equity acquired Solenis, a leading producer of specialty chemicals used in water industries, for a value of US$5.25 billion. The combined company served diverse customers in the consumer, industrial and pool water treatment sectors.
- In June 2021, Kemira announced two major investments for expanding the
capacity of Water Treatment Chemicals at the Yangzhou site in China. It aimed to drive growth in water treatment in the Asia Pacific region.
Report Code: AIR 0065
Report Code: CMR 85395
Report Code: CMR 0050
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