Demand for water treatment chemicals in Australia is likely to maintain a CAGR of about 4.5%-5% over the 2015-2020 analysis period. In product terms, corrosion and scale inhibitors record the largest share, whereas, coagulants and flocculants claim to have the largest growing demand in the market. With regard to the application category, municipal water treatment occupies the largest share in Australia while, mining and mineral processing is touted to emerge as the fastest-growing arena in this context.
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 Australia Water treatment chemicals market is segmented by product (biocides & disinfectants, coagulants & flocculants, corrosion and 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). The key players in this market are Accepta, BASF SE, Chemtreat Inc., Organo Corp., PQ Corp. and Wex Technologies.
The rising water quality standards in industrial applications and the stringent environmental laws on water treatment and waste water management are the drivers of this market.
There are alternative water treatment technologies that are available. There is also a need to find eco-friendly solutions for water treatment that can balance and treat the chemical and biological water pollution differently.
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