Water Treatment Chemicals Market Analysis - Forecasts To 2025 By Type (Scale Inhibitors & Dispersants, Biocides & Disinfectants, Coagulants & Flocculants, Corrosion Inhibitors, and pH Adjusters & Softeners); By End-Use (Pulp & Paper, Food & Beverages, Municipal, Power, Oil & Gas, Metal & Mining, Refineries, and Sugar); By Region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa); End-use Landscape; Vendor Landscape and Competitive Landscape - Global Market Estimates
Water Treatment Chemicals Market Insights:
The water treatment chemicals market is anticipated to grow at a CAGR of more than 7% over the forecast period. This growth is attributed to increased use of water treatment chemicals in various industries to meet the requirements for chemically treated quality water at low costs.
Increasing public awareness about reuse of wastewater, improving and increasing number of new discoveries in the oil & gas sector are some of the major factors expected to fuel the industry growth. However, factors such as high prices of water treatment chemicals along with the presence of alternative treatment technologies are anticipated to restrain the overall water treatment chemicals market.
Water Treatment Chemicals Market - Type Insights
On the basis of type, the water treatment chemicals market is segmented into coagulants, pH adjusters & softeners, flocculants, biocides & disinfectants, scale inhibitors & dispersants, corrosion inhibitors and others.
The coagulants & flocculants segment is projected to dominate the water treatment chemicals market over the forecast period. They are widely used as water treatment chemicals in municipal and power applications. The increasing demand for coagulants & flocculants in these applications is due to the stringent implementation of various government regulations to ensure quality water for public health. The extensive use of water treatment chemicals in the municipal water treatment processes such as coagulation & flocculation is anticipated to drive the market growth.
The corrosion inhibitors application segment accounted for the share of more than 20 % in 2016. The growth of this segment is attributed to the technological development in the water chemicals treatment market. The corrosion inhibitors are mainly used to protect the instruments from corrosion during treatment process.
Water Treatment Chemicals Market: End-Use Insights
Based on applications, the water treatment chemicals market is segmented into industrial, municipal and others. Industrial water treatment application is further sub-segmented into power generation, refineries, pulp & paper, metal & mining, food & beverages, oil & gas, sugar, and others.
Power generation segment accounted for the highest revenue share of more than 30 % in 2016. The rise in per capita consumption of power has resulted in an increase in the demand for electricity across the world, leading to an increase in the demand for the water treatment chemicals in the power industry.
The municipal application segment is anticipated to dominate the water treatment chemicals market in terms of volume, over the forecast period. The growth of this segment is due to the growing population across the globe, which in turn, has resulted in increased demand for quality water.
Water Treatment Chemicals Market - Regional Insights:
Asia Pacific water treatment chemicals market is anticipated to witness a significant growth over the forecast period due to increase in population along with lack of pure & clean drinking water. Moreover, ideal government initiatives and policies to attract investments from MNCs are also anticipated to aid the market growth of this region.
The North American market is likely to be the largest water treatment chemicals market over the forecast period. Factors such as increasing number of industries coupled with high spending capacities of individuals are projected to aid the water treatment chemicals market growth for this region over the coming years.
Water Treatment Chemicals Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global water treatment chemicals market. The major consumers of the product are ExxonMobil, BHP Billiton, and Glencore.
Water Treatment Chemicals Market: Competitive Scenario
Key players profiled in the water treatment chemicals market include Kemira Oyj, GE Water & Process Technologies, BASF SE, Ecolab Incorporated, BWA Water Additives, Cortec Corporation, The Dow Chemical Company, Buckman Laboratories International Inc., Solvay S.A., and AkzoNobel N.V.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Water Treatment Chemicals Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the industry analysis; industry trends; market analysis; market trends; market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Water Treatment Chemicals Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, VPs, CEOs, COOs, financial consultants, business consultants, strategy consultants, project management consultants, business management consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, demand forecasting, SWOT analysis of the company’s manufacturing Water Treatment Chemicals, and customer analytics.
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