Water treatment refers to an industrial-scale procedure which is focused on providing acceptable quality of water to the public. Water treatment chemicals and technology market encompasses various water treatment systems, equipment, and chemicals. These can either be used together or separately to treat the water till it is of a quality which can be used for drinking or other general purposes. Water treatment is different from small-scale water sterilization which campers or other wildlife enthusiasts practice.
Water treatment market is involved in removing existing contaminants from the water, so that the concentration of these contaminants is reduced and the water is acceptable by the consumer for their end-use. Water treatment market employs various systems, equipments, processes, plants, and chemicals to treat contaminated water.
Types of Water Treatment Chemicals and Technologies in the Market
The industry of water treatment industry comprises physical or chemical-based water treatment plants which can either use physical or chemical processes or both. The general process involves screening of water to eliminate easy to remove contaminants which can damage the equipment of the treatment plant, then the water gets collected in a primary basin, and is further treated.
According to the product type, the global water treatment chemicals and technology market is divided into three categories namely pumping systems, membrane systems, and chemicals. Pumping systems segment is further divided into pumps, automation systems, and valves and controls. Membrane systems sector comprises reverse osmosis, microfiltration, ultrafiltration, electrodialysis, gas separation, and others. The chemicals segment consists of products such as activated carbon, anti-foamants and defoamers, coagulants and flocculants, corrosion and scale inhibitors, biocides, and others.
Water plant treatment processes vary slightly from location to location. This depends on the type of technology, systems, chemicals, and services they provide. Some of the water treatment processes are filtration, coagulation, sedimentation, disinfection, and fluoridation.
Determinants of the Water Treatment Chemicals and Technology Market
Several elements together shape the dynamics of the water treatment technology and chemicals industry. One primary factor which drives the growth of the market is the globally increasing demand of fresh water which can be used for various purposes. Also, developed markets in regions such as Europe and North America have growing demand for treated water, which tends to support the market growth.
However, two elements suppress the growth of the market. The technology and chemicals used to treat contaminated water is very expensive which hampers the growth of the market. Additionally, there is inadequate funding for water treatment technology and chemicals which further suppresses the industry’s growth.
Water Treatment Chemicals and Technology Market Insights
The global water treatment technology and chemicals market is segmented geographically into four parts which are North America, Europe, Asia Pacific, and Rest of the World. The top industry players in the global water treatment market that manufacture various water treatment systems and chemicals are BASF, Kemira, Akzo Nobel N.V., Ashland Hercules, Nalco and GE Water & Process Technologies, and Dow Chemicals.
The industry of water treatment (technology and chemicals) held USD 115,809.7 million market revenue. According to a market intelligence company, the global water treatment chemicals and technology industry will witness a growth of 3.8% CAGR during the forecast period of 2013 to 2018 and will hold market revenue of USD 149,895.6 million in 2018. In addition, the membrane systems market is projected to grow at a CAGR of 9.6 % during 2013 to 2018 period.
The major geographic sector in the water treatment chemicals and technology market are Europe and U.S., however, these two markets are highly saturated currently and have high entry barriers. The sternest regulations are present in the European market for waste water treatment and drinking water quality.
Hence, Asia Pacific is the emerging market sector in the industry and is estimated to grow at a CAGR of 5.1% during the forecast period. Countries such as China, India, and Thailand are projected as the most attractive markets during 2013 - 2018 period.