Global water & wastewater treatment chemicals market for coagulant & flocculant, corrosion & scale inhibitor, biocide, defoamer, pH adjuster and others (chelating agents, oxygen scavenger etc.) is estimated to be valued at US $ 26.5 Bn by the end of 2016, representing a Y-O-Y growth of 3.3% over 2015. Rapidly growing industrial sector and urbanisation have led to increased demand for potable water. With decreasing fresh water resources, coupled with stringent government regulations, the growth of global water & wastewater treatment chemicals market is expected to remain high over the forecast period 2016-2026.
Limited availability of water for industrial applications is expected to support growth of water treatment chemicals used in manufacturing industries, especially in the oil & gas, power, and mining sectors. These three sectors collectively account for nearly 49% revenue share of the global water and wastewater treatment chemicals market. Development of central wastewater treatment unit for small & medium scale manufacturers, recycling of wastewater for complete in-situ processing attaining zero discharge, and advanced biological wastewater treatment processes are some of the prominent trends observed in global water & wastewater treatment chemicals market.
Water and wastewater treatment chemicals are used for various applications such as cooling water treatment, boiler water treatment, membrane water treatment etc. across different end-use industries. Among applications, cooling water treatment is expected to hold the largest revenue share of the global water and wastewater treatment chemicals market in 2016. High usage of cooling water during the manufacturing process is a key reason contributing to high demand for water treatment chemicals for this segment.
From product type perspective, corrosion & scale inhibitor accounted for major shares in the overall market in 2015, followed by coagulant & flocculants, and biocide respectively. Corrosion & scale inhibitor segment is forecast to expand at the fastest CAGR of 4.6% in terms of value over the forecast period of 2016-2026. The segment is also expected to create an incremental $ opportunity of US$ 6.4 Bn between 2016 and 2026. In order to prevent process pipelines from corrosion and scaling, thereby increasing their lifetime and process efficiency, corrosion & scale inhibitors are frequently used in various manufacturing industries in high volumes.
From the end-use perspective, oil & gas, power, and mining segments accounted for significant market shares in 2015. High wastewater generation has led to proportionately high consumption of water treatment chemicals in these industries. Oil & gas, power, and mining end user combined, are expected to represent more than half of the total incremental opportunity created in the global water and wastewater treatment chemicals market between 2016 and 2026.
On regional basis, Asia Pacific excluding Japan (APEJ) is expected to be the leading consumer of water & wastewater treatment chemicals in 2016, followed by North America & Western Europe. Markets in North America and Western Europe are expected to account for a collective share of approximately 50% in the global water and wastewater treatment chemicals market. Markets in the developing economies of APEJ, Latin America and Middle East & Africa (MEA) are forecast to create an incremental opportunity of US$ 6.1 Bn collectively between 2016 and 2026.
Major players identified in global water and wastewater treatment chemicals market are Kemira Oyj, GE Water & Process Technologies, BASF-SE, Ion Exchange (I) Pvt. Ltd., Thermax Ltd., Dorf Ketal, SNF Floerger, Chembond India Ltd. and Vasu Chemicals.
This Persistence Market Research (PMR) report examines the ‘Global Water & Wastewater Treatment Chemicals Market’ for the forecast period 2016-2026. Primary objective of the report is to identify trends & opportunities in the global market & present updates to various segments of water & wastewater treatment chemicals market.
Growing urbanisation and high industrial growth, especially in developing regions such as China, India, and GCC countries are leading to increased consumption of water in various manufacturing and processing industries. Increasing water demand and depleting potable water resources have pressed governments to take action and implement severe regulations with regards to discharge of industrial wastewater. Large manufacturing companies in major water consuming regions e.g. North America and Asia Pacific have taken actions to implement the ‘zero water discharge’ policy in order to comply with certain ISO (International Organization for Standardization) environmental certifications. The combined effect of these factors has resulted in increasing demand of water treatment chemicals and the market is expected to expand at an above average CAGR of 4.2% over the forecast period of 2016-2026.
To understand & assess opportunities in the global water and wastewater treatment chemicals market, the report is categorically divided into four segments such as, by product type, by end user, by application and by region. Each product type has been studied in detail to arrive at the market size, both in terms of market value (US$ Mn) and market volume (KT).The report also includes PMR’s analysis of drivers and restraints witnessed in the market. Key trends scenario in the global market is also included in the report to facilitate and equip the client with key decisive insights.
The subsequent sections analyse the global water & wastewater treatment chemicals market on the basis of product type, end user, application and region, and presents a forecast for the period 2016-2026. The market is segmented as follows:
By Product Type
- Coagulant & Flocculant
- Corrosion & Scale Inhibitor
- pH Adjuster
- Others (Chelating agent, oxygen scavenger, etc.)
By End User
- Oil & Gas
- Pulp & Paper
- Chemical & Fertilizer
- Food & Beverages
- Cooling Water
- Boiler Water
- Membrane Water
- Municipal Water
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
To deduce market size, the report considers various aspects based on secondary research. Furthermore, data points such as region-wise split and market split by product type, end user and application, and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution by various segments in the global market.
When developing the market forecast, the report begins with sizing the current market, which forms the basis for forecasting about how the market is anticipated to take shape in the near future. Given the characteristics of the market, PMR triangulates the data via different analysis based on supply side, demand side, and dynamics of the water and wastewater treatment chemicals market. However, quantifying the market across the above mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify right opportunities.
Another key feature of this report is the analysis of water and wastewater treatment chemicals market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective of the water and wastewater treatment chemicals market.
To understand key segments in terms of their growth and performance in the water and wastewater treatment chemicals market, Future Market Insights has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the water and wastewater treatment chemicals market.
In the final section of the report, a detailed competitive landscape is included to provide a dashboard view of global water & wastewater treatment chemical manufacturers. The report includes company profile of some of the major players.
- Kemira Oyj
- GE Water & Process technologies
- Ion exchange (I) ltd
- Thermax Ltd
- Dorf Ketal
- SNF Floerger
- Chembond India Ltd
- Vasu Chemicals.