The Global Water Treatment Chemicals Market- Growth, COVID-19 impact and Forecast (2021-2025)
The Water Treatment Chemicals market is segmented by Product type (Coagulants and Flocculants, Scale and Corrosion Inhibitor, Biocide and Disinfectant and Others); End user (Municipal, Power, Oil and Gas, Chemical Manufacturing and Others); Geography (APAC, North America, Europe and ROW).
Introduction
Water treatment chemical is a process to clean water by using various chemicals. Water treatment chemicals prevents from suspended solids, corrosion and microbial contamination.
Owing to the rise in awareness toward clean & safe water along with the government regulations toward waste water processing there is increase in demand for water treatment chemicals.
However, need for ecofriendly formulations and vulnerability regarding copying of patents, also availability of alternative water treatment technologies are challenging the market growth
Despite the current pandemic situation, the end-users of this market is recovering to operate in full capacities from 2021 beginning. Along with this, the recovering manufacturing activities across the globe are expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.
Table of Contents
Market Overview
The Global water treatment chemicals market is expected to have incremental growth of $30.3 billion during 2020-2025.
Growth momentum is expected to accelerate during the forecast period with 4.24% CAGR.
Increasing industrial activities and world population is driving the growth of the market.
North America is dominating the market due to stringent government regulations intended for monitoring the disposal and production of wastewater.
Key Trends
The increase in demand for developing a centralized facility for fluid treatment units for medium and small-scale manufacturers for complete in-situ process attaining zero discharge is the prominent trend prevailing in the market.
Emerging markets in growing economies is expected to drive the market demand in future
Shifting focus toward green chemicals is likely to provide opportunities for the market growth, in the future
Key Market Players
Some of the key players in the market are SUEZ, Ecolab, Solenis, Kemira, Nouryon, Lonza.
The market is fragmented in nature. Manufacturers have a high degree of integration i.e. in-house raw material production facilities and long-term supply contracts with raw material suppliers.
Major players focus on mergers & acquisitions, expansion of their manufacturing facilities, infrastructural development, investments in R&D facilities, and are seeking opportunities to vertically integrate across the value chain.
Growth Drivers and Challenges
Increase in demand for clean water for municipal/industrial purposes is driving the market.
stringent regulatory and sustainability mandates concerning the environment is another factor that increase the demand of the water treatment chemicals.
Need for ecofriendly formulations and vulnerability regarding copying of patents is hindering the market growth
Availability of alternative water treatment technologies is challenging the market growth.