The global water treatment chemicals market valued $44.7 billion in 2017, and it is expected to reach $58.7 billion by 2023, witnessing a CAGR of 4.7% during the forecast period (2018–2023). Among various applications, municipal water treatment accounted for the largest share in the market in 2017, on account of the high demand for treated water across the globe. However, during the forecast period, the market is projected to witness the highest demand for water treatment chemicals for construction applications. This can be ascribed to the increasing consumption of water at construction facilities and growing construction activities in developing countries such as China, India, and Brazil.
Development of New Water Treatment Chemical Solutions
Flocculation is one of the most widely used water treatment methods, in which a clarifying agent is used to remove suspended pollutant particles from water. However, to increase the efficiency of the process, new technologies are being developed to produce chemicals for the water treatment process. Research and development in this regard has resulted in the development of new water purification chemical compounds, such as poly iron and zinc silicate sulfate (PFZSS) flocculants, aluminum sulfate, ferric sulfate, and sodium aluminate. The PFZSS-based water treatment process exhibits a good cleaning effect, strong absorption, and faster rate of sedimentation. Owing to these advantages, the method holds good prospects for treating urban sewage water. Thus, the development of new solutions for treating water is the major trend observed in the water treatment chemicals market.
Increasing Focus on Desalination Driving the Market
Desalination is a chemical process of changing seawater or brackish water into portable or fresh water. The technique is increasingly being adopted in countries with limited fresh water reserves, such as Saudi Arabia, the U.A.E., Qatar, and sub-African nations. The desalination process involves the use of a variety of chemicals to ensure efficient water treatment without any fouling and scaling. With the rise in population across the world, especially in nations witnessing water scarcity, the demand for fresh water is increasing at a rapid pace. This is resulting in the large-scale deployment of desalination plants coupled with a high demand for chemicals for treating water, thereby positively impacting the water treatment chemicals market.
Segmentation Analysis of Water Treatment Chemicals Market
During the forecast period, the water treatment chemicals market is projected to witness the highest demand for coagulants and flocculants around the world. This can be ascribed to the high adoption of these chemicals for various applications, including water clarification, lime softening, solids removal, and sludge thickening.
Of various application areas of water treatment chemicals, municipal water treatment accounted for the largest market share, of over 30%, in terms of both value and volume in 2017. The market dominance of this category can be attributed to the increase in the global population coupled with the rise in municipal waste generation requiring the use of chemicals for water treatment.
Geographical Analysis of Water Treatment Chemicals Market
Asia-Pacific (APAC) and North America, together, accounted for over 65% share in terms of both value and volume in the global water treatment chemicals market in 2017. This can be majorly attributed to North America’s huge urban population and well-established industries and increase in urbanization and industrialization in the APAC region. Other geographies, which include Europe, Latin America (LATAM), and the Middle East and Africa (MEA), also held considerable shares in the market on account of the rising demand for potable water in these regions.
Further, the water treatment chemicals market is expected to show significant growth in India during the forecast period, due to the increasing population of the country coupled with rapid industrialization, which is resulting in the accumulation of wastewater from construction, industrial, and household activities.
Browse report overview with detailed TOC on "Water Treatment Chemicals Market by Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Chelating Agents, Biocides & Disinfectants, PH Adjusters & Stabilizers, Anti-Foaming Agents, Oxidants, Oxygen Scavengers), by Application (Power Generation, Municipal Water Treatment, Chemical Processing, Pulp & Paper, Food & Beverages, Metal & Mining, Oil & Gas, Construction), by Geography (U.S., Canada, U.K., Germany, France, Italy, Russia, China, Japan, India, South Korea, Brazil, Mexico, Saudi Arabia, South Africa) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at:https://www.psmarketresearch.com/market-analysis/water-treatment-chemicals-market
Competitive Landscape of Water Treatment Chemicals Market
The water treatment chemicals market is highly fragmented in nature. 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. are some of the major players engaged in the development and commercialization of chemicals used for water treatment. Moreover, these companies are taking several strategic measures to expand their share in the market.
For instance, in January 2018, Ecolab Inc. acquired Cascade Water Services Inc., a provider of water treatment services in the U.S., to enter different regions in the country, such as New York and Florida, to expand its business operations and market share.