Water Treatment Chemicals Market Overview
The global water treatment chemicals market was valued at $44,718.3 million in 2017 and is projected to reach $58,747.7 million by 2023, witnessing a CAGR of 4.7% during the forecast period. The market growth is mainly driven by the growing concern of waterborne diseases and increasing adoption of desalination, globally.
GLOBAL WATER TREATMENT CHEMICALS MARKET, BY TYPE, KILO TONS (2013–2023)
Water treatment chemicals are the chemical compounds used to remove impurities such as suspended solids, fungi, viruses, minerals, and algae from water.
Based on type, the water treatment chemicals market is categorized into coagulants and flocculants, corrosion inhibitors, scale inhibitors, chelating agents, biocides and disinfectants, PH adjusters and stabilizers, anti-foaming agents, oxygen scavengers, oxidants, and others. Others include algaecides and resin cleaners. Among all the types, the volume sales of coagulants and flocculants accounted for the largest share in the market, valued at more than 25.0% in 2017. Coagulants and flocculants involves the use of chemicals for water clarification, lime softening, solids removal, solids dewatering, and sludge thickening.
On the basis of application, the water treatment chemicals market is categorized into power generation, municipal water treatment, chemical processing, pulp and paper, food and beverages, metal and mining, oil and gas, construction, and others. Others include medical and agriculture applications. Of these, municipal water treatment application accounted for the largest volume share in the market, with more than 30.0% contribution in 2017. The growing population is resulting in increasing municipal water waste, thereby leading to high consumption of these chemicals in municipal water treatment.
Globally, APAC was the largest market in the water treatment chemicals market, contributing more than 35.0% volume sales of these chemicals in 2017. The largest share of the region is attributed to the presence of large industrial base and high living standards of the population in the region that require high-quality and clean water. In addition to this, the stringent implementation of various regulatory policies in the region for controlling growing water pollution is also driving the growth of the APAC market.
Water Treatment Chemicals Market Dynamics
Development of new chemical water treatment solutions is identified as a major trend in the water treatment chemicals market. The market growth is mainly driven by stringent government regulations, increasing de-salination across the globe, and growing concern of waterborne diseases.
Presently, chemical water treatment is majorly done using the flocculating method, in which, clarifying agent is used to remove suspended pollutant particles from water. However, the new chemical-based water treatment technologies are being developed which aim to enhance the efficiency of chemical-based water treatment processes. The increasing research and development activities have resulted in the creation of new water purification substances, such as poly iron and zinc silicate sulfate flocculants (PFZSS). These provide strong flock density and faster rate of sedimentation. Thus, the development of new chemical water treatment solutions is the major trend witnessed in the water treatment chemicals market.
Across the world, the rapid industrialization has resulted large-scale discharge of toxic pollutants in freshwater reserves. This has made water unfit for human consumption. As a result, countries are increasingly focusing on improving water quality by implementing strict regulatory framework which restricts the discharge of toxic chemicals directly into the water bodies and ensures proper chemical water treatment. Thus, regulatory framework mandating the water treatment is expected to boost the water treatment chemicals market growth during the forecast period.
Over the years, the large-scale discharge of untreated water from industrial plants, power plants, household discharge, and commercial waste has increased the pollution levels in water-bodies significantly. Due to this, the water in fresh water sources has been plagued with high levels of toxic chemicals, making it unfit for human consumption. Due to the absence of other sources of water, particularly in developing countries, people living in these areas are prone to toxic water, thereby making them vulnerable to waterborne diseases. Thus, the growing concern of waterborne diseases drives the use of chemicals o treat the contaminated water, thereby giving an impetus to the water treatment chemicals market growth.
There have emerged several technologies to treat drinking water, such as membrane filtration technology, low-pressure membranes, high-pressure membranes, two-stage membrane filtration, ultraviolet irradiation technology, advanced oxidation technology, ion exchange technology, and biological filtration. Technologies which can be used in industries as an alternative to water treatment chemicals include granular activated carbon, adsorption techniques to treat wastewater, oil–water separator treatment of oily effluent, fixed biofilm reactor, electrosorption, aerobic treatment, integrated treatment process, wetland to treat industrial wastewater. There are various techniques that can be used as an alternative to these chemicals for water treatment, thus negatively affecting the growth of the water treatment chemicals market.
Water Treatment Chemicals Market Competitive Landscape
Some of the major players operating in the global water treatment chemicals market are BASF SE, Solenis LLC, Ecolab Inc., Kemira Oyj, SUEZ, SNF s.a.s., Akzo Nobel N. V., Lonza Group Ltd., Buckman Laboratories International Inc., and DowDuPont Inc.