global-water-treatment-chemicals-market-industry
Published

APR 2018

Water Treatment Chemicals Market - Segmentation by Product (Flocculants, Coagulants, Biocides & Disinfectants, Defoamers & Defoaming Agents, Ph Adjusters & Softeners, Corrosion Inhibitors), End-user Industry (Electric Power Generation, Oil & Gas, Chemicals Manufacturing, Mining & Mineral Processing, Municipal, Food & Beverages, Pulp & Paper), and Geography - Growth, Trends, and Forecast (2018 - 2023)

Purchase Report
$4250
Single user license
$4500
Team license
$8750
Corporate license

Water Treatment Chemicals Market

The demand for water treatment chemicals market was valued at USD 20,738.28 million in 2017 is expected to expand at a CAGR of 5.35%, during the forecast period, 2018-2023. The market is driven by various factors, such as a rising surface and ground water pollution, stringent regulations to control produced and wastewater disposal, growing demand from power and industrial applications, and increasing demand from manufacturing and municipal sectors.

Growing Demand from Power and Industrial Applications

The highest use of water is for cooling in the thermal power generation. The electricity demand is estimated to grow by 75% globally in the coming few years. With a boom in the semi-conductor, food processing, fertilizers, and health markets, the demand for the industrial gases and chemicals is also increasing. The global chemical industry is expected to witness a CAGR of 5% until 2023. Thus, growth in the power sector coupled with increase in industrial applications act as drivers for the cooling water treatment chemicals market. However, this market faces certain drawbacks, such as hazardous nature of hydrazine, unawareness regarding chemical water treatment technologies, boiler water treatment, and cooling water treatment, which act as roadblocks to the growth of market.

Electric Power Generation Industry – The Fastest Growing Segment by Usage

With the consistent economic growth in the emerging economies, such as India and China, the demand and market growth in the power sector, manufacturing and industrial sectors is increasing, which, in turn, is boosting the demand for water treatment chemicals market. The power segment is projected to grow with the highest CAGR during the forecast period. Improved government policies, and the trend of water recycling and reuse to safeguard fresh water resources, are expected to play a key role for reduction in the consumption of fresh water resources in the energy production sector.  The reduction, in turn, is expected to boost the water treatment chemicals market in electric power generation applications in the coming few years.

Asia-Pacific to Lead the Water Treatment Chemicals Market

Asia-Pacific accounts for highest growth rate and is estimated to lead the market with the CAGR of 7.09% during the forecast period. The shifting focus towards the usage of green chemicals, along with the increasing adoption rate in Asia-Pacific and the Middle East is expected to offer numerous growth opportunities for the water chemicals treatment market. Many chemical manufacturing plants and the power generation sector in India is constantly evolving, which, in turn, increases the usage of water treatment chemicals. With “Make in India” campaign, many industries, such as paper, metal, oil & gas, mining, etc. are expected to grow, which will need water treatment chemicals in treating waste water, boiler water treatment, cooling water treatment, etc. further augmenting the demand water during the forecast period.

                        Water Treatment Chemicals Market

Notable Developments in Water Treatment Chemicals Market

  • January 2018: Ecolab acquired Cascade Water Services, a privately held company based in New York
  • February 2017: Veolia designed and built water treatment plant in Dakar, Senegal.

Water Treatment Chemicals Market Major Players: Kemira, Ecolab (Nalco), GE Corporation, Kurita, Solenis, Lonza Group and BASF SE, among others

Reasons to Purchase Water Treatment Chemicals Market Report

  • To understand the impact of end-user applications on the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Countries expected to witness the fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of Water Treatment Chemicals MarketReport

The report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs

Purchase Report
$4250
Single user license
$4500
Team license
$8750
Corporate license
Our Clients Include View All

Looking to Customize Report?