Global Water Treatment Chemicals Market - 2019-2026
Water treatment chemicals substances used to eliminate viruses, solids, fungi, algae, bacteria, and minerals. The chemicals used for the water treatment has both physical and chemical methods. The most commonly used chemicals for the water treatment includes algicides, chlorine dioxide, muriatic acid, chlorine, and soda ash. These chemicals are used for purifying sea, ground and industrial water owing to increasing demand for safe and fresh water. The chemicals act as corrosion & scale inhibitors, disinfection & oxidation chemicals, precipitation and sequestering chemicals, pH regulator & adjustor, as well as softening agents. These chemicals are supplied to eliminate impurities from water and making it fit for industrial and domestic use. The water treatment chemicals have variety of applications including water boilers, cooling water systems, cooling towers & closed systems, wastewater treatment, in drinking water treatment, effluent treatment plants, reverse osmosis systems, paper industry, chemical industry and many others. Global Water treatment chemicals market, valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for water with eco-friendly chemical formulation owing to surge in usage of safe, clean and fresh water for industrial, domestic and drinking requirement. Furthermore, increasing demand for water consumption with surge in world population also drives the growth for the water chemical treatment market during the study period. According to the Food and Agriculture Organization (FAO) in 2019, the world contain around 1400 million cubic km of water but out of which only 0.003% that is 45000 cubic km of water can be used for agriculture, drinking and industrial purpose. Hence water has significant demand in the world which can be made useful by various treatment procedures using certain chemicals. The water chemicals are used to treat the waste water into the useful to fulfill the global increasing population. As per the study by United Nations Department of Economic and Social Affairs, the world population is projected to reach from 8.4 to 8.6 billion people by 2030. This will also propel the water treatment chemicals market for the usage in various applications including industrial, domestic and for the drinking purpose.
There is a rise in the launch of new innovative chemicals for the water treatment used in many industries including mining, domestic and for the industrial purpose. For instance on 23rd of April 2020, Genesys Company had launched wide product range for water treatment in the mining sector. The products consist of various cleaners and antiscalants which are designed to tackle issues related to the treatment of mining water.
The global water treatment chemicals market is segmented based on product type, voltage capacity, application, end user, and region.
In terms of product type the global water treatment chemicals market is bifurcated into pH adjusters & stabilizers, coagulants & flocculants, scale inhibitors, anti-foaming agents, corrosion inhibitors, biocides & disinfectants, chelating agents and others. Among this coagulants and flocculants has the highest share owing to increase in the demand for removing the heavy particles from the water used in the mining, petroleum, oil & gas plants. This coagulants and flocculants remove 80% of solid particles by the sedimentation process in the waste water treatment. According to the Pacific Institute Organization in 2010, every day around 2 million tons of sewage and industrial and agricultural waste is being discharged into the world's water. Hence to remove the wastage of water, coagulants and flocculants are being utilized.
Similarly biocides & disinfectants segment is also growing at faster pace due to increase in adoption of the clean and fresh water for drinking and industrial purpose. Biocides & disinfectants are used as residual disinfecting agents used in the distribution system of water which monitors the level of chlorine in drinking water. In addition to this during the Covid-19 pandemic, biocides and disinfectants have created huge demand to curb the spread of corona virus infection. For instance on 25th of March 2020, Chimcomplex company have launched disinfectants under the guidelines by the World Health Organization and started the production of the biocide to fight against COVID-19.
Furthermore, pH adjusters & stabilizers, scale inhibitors, anti-foaming agents, corrosion inhibitors, chelating agents segments are also growing at faster pace owing to increase in the demand for clean and fresh water for industrial, and domestic purpose with surge in the global population.
Depending on end-user, the global water treatment chemicals is segmented into food & beverage, municipals, pulp & paper, power, oil & gas and others. Among this, food & beverages segment has the highest market share in 2019. This is primarily due to rise in demand of the water in the food and beverages industry with surge in the population around the world. According to the Food and Agriculture Organization (FAO) food and beverage service sector market including farmers, food manufacturing companies, retailers and wholesalers is the world's largest market with valued around USD 12.5 trillion equal to 17% of world's GDP in 2013.
Similarly, municipals, pulp & paper, power, oil & gas and others segment has the highest market share owing to increase in the clean water demand for the industrial and domestic purpose with surge in the global population.
By region, the global Water treatment chemicals market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, The North America region is dominated for water treatment chemicals market due to the growing demand for drinking water with surge in waste water treatment plants and investment in this region owing to increase in the people' awareness in this region. According to the Environmental Protection Agency (EPA) in 2010, the United States has been invested around USD 91 billion for the maintaining and upgrading the drinking-water and wastewater treatment systems.
Asia Pacific is expected to grow at faster pace the global water treatment chemicals market and expected to grow at the highest CAGR during the forecasted period due to presence of manufacturing facilities of the chemicals with surge in the population in this region. According to the European chemical industry in 2018, China has been contributed 45% of global investment in the chemical production including the water treatment chemicals
The global Water treatment chemicals market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Ecolab Inc., WA Water Additives, Buckman Laboratories International Inc., Kemira OYJ, Akzo Nobel N.V., Cortec Corporation, BASF SE, Solenis LLC, The Dow Chemical Company and Solvay S.A. are the leading market players with significant market share.
Major players are receiving launching new technology advanced Water treatment chemicals for gaming industry as well as for iPad products. For instance, on 4th July 2017, Evonik has been launched new disinfectant active Hyprox AS biocidal products used in water treatment for animal hygiene, in the area of healthcare, and also in the food and beverage industry.
Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, on 1st Feb 2019, BASF and Solenis has been merged for expansion of BASF's Paper and Water Chemicals business to maintain sustainable growth of the company.
*The global Water treatment chemicals market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages.