Argentina holds the second largest share in South America for the water treatment chemicals market, it is expected to grow at a CAGR of about 7%-7.5% between 2015 and 2020. While corrosion & scale inhibitors constitute the largest product segment, the growth would be fastest for coagulants & flocculants. However, in terms of the application segment, municipal water treatment dominates the Argentinian market for water treatment chemicals, though electric power generation and manufacturing are the sectors likely to record faster growths.
Water treatment is defined as the process employed for eliminating contaminants present in water, which is achieved through a number of techniques. Water treatment chemicals consists of one such technique, wherein contaminated or waste-water is treated with chemicals to make it safe for human consumption and useful in other applications as well where clean water is a necessity. The higher incidence of water-borne epidemics has urged the need to pump up the safety measures and undergo stringent procedures to avail purified water, this has led to the usage of water treatment chemicals for the purification of drinking water.
Water is used in various industries, especially in emerging economies where several industries are set up. The required standard for water quality has made it necessary for better purification methods. However, water purification equipment alone is not enough to achieve this standard, hence; the usage of water treatment chemicals becomes indispensable to meet the desired standards of purified water.
In recent times, stringent environmental norms were set up to remove and treat water pollutants before they release into the environment. The municipal corporations have been adopting water treatment facilities to clean and recycle water before supplying for drinking and sanitation purposes.
The Argentina Water treatment chemicals market is segmented by product (Biocides & disinfectants, coagulants & flocculants, corrosion & scale Inhibitors, defoamers & defoaming agents, pH adjusters and softeners and other chemicals), by their application (commercial & institutional, Electric power generation, energy, manufacturing, mining & mineral processing, municipal and other applications) and by their geography (Brazil, Argentina and other countries). The prime leaders in this market are Accepta, BASF SE, Chemtreat Inc., Organo Corp., PQ Corp. and Wex Technologies.
The augmented standards of water quality in industrial applications and the stringent environmental laws on water treatment and waste-water management pose to be the drivers of this market.
There is a strong requirement for the availability of alternate water treatment technologies in the market. Additionally, there is also a need to find eco-friendly solutions for water treatment that can balance and treat the chemical as well as the naturally occurring water pollution differently.
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