The Australian water treatment chemicals market is estimated at USD 718.66 million in 2016. The market is projected to reach USD 947.31 million by 2021, at an estimated CAGR of 5.68% during the forecast period (2016-2021).
Water treatment is a process, where impurities, such as undesirable chemicals, biological contaminants, suspended solids and gases are removed from the contaminated water. Wastewater treatment is defined as the process of converting wastewater that is no longer suitable for use. Apart from human consumption, water treatment serves a wide range of purposes, including meeting requirements of agricultural, medical, household, pharmacological, chemical and industrial applications. The incidence of water-borne epidemics has increased the urge for water purification, leading to the utilization of wastewater treatment chemicals, for the purpose of purification of drinking water and for use in industrial & commercial applications. The standards for clean water have increased, demanding improved treatment methods and chemicals.
The Australian water treatment chemicals market is driven by a number of factors, such as increasing demand for reliable industrial wastewater treatment solutions, reduced fresh water content from saline intrusion, adverse climatic conditions and increasing regulatory drivers for reliable wastewater management. However, factors, such as vulnerability to adverse climatic changes and stringent standards for wastewater treatment are likely to act as roadblocks for the growth of the market.
The Australian water treatment chemicals market has been broadly segmented by product, into biocides & disinfectants, flocculants & coagulants, corrosion & scale inhibitors, defoamers & defoaming agents, pH adjusters & softeners, odor removers, and others. By application, it is segmented into commercial & institutional, electric power generation, energy, manufacturing, mining & mineral processing, municipal and other applications. The Australian water treatment technologies market has been segmented into oil/water separation, suspended solids removal, dissolved solids removal, biological treatment, disinfection/ oxidation and other technologies.
Opportunities and Major Players
The increasing demand for renewable energy solutions (bio solid, biogas) from wastewater treatment plants and technological developments for adaptation to erratic climatic changes, are expected to offer numerous opportunities for the growth of the water treatment chemicals market in the country. Some of the major companies dominating the market, in terms of products and services, are: