India Water Treatment Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The India Water Treatment Chemicals Market is segmented by Product Type (Biocides and Disinfectants, Coagulants and Flocculants, Corrosion and Scale Inhibitors, Defoamers and Defoaming Agents, pH Adjusters and Softeners, and Other Product Types) and End-user Industry (Power Generation, Oil and Gas, Chemical Manufacturing, Mining and Mineral Processing, Municipal, Food and Beverage, Pulp and Paper, and Other End-user Industries). The report offers market size and forecasts for India Water Treatment Chemicals in revenue (USD million) for all the above segments.

Market Snapshot

India Water Treatment Chemicals Market - Market Summary
Study Period:

2016 - 2026

Base Year:

2020

CAGR:

>9.5 %

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Market Overview

The India Water Treatment Chemicals Market size was valued at over USD 600 million in 2020 and the market is projected to register a CAGR of over 9.5% in terms of revenue during the forecast period (2021-2026).

The market was negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, various end-user industry such as petrochemical had cut their throughput production during the lockdown, considering the decline in the demand. For example, Indian Oil Corporation Ltd, with the production capacity of 5 million barrels per day of crude oil, had cut its crude oil processing by about 30% to 40% and shut its Panipat cracker located at Haryana of India as of march end 2020, thus led to a decrease in the production of wastewater from these end-user industries, which in turn negatively impacts the market demand for water treatment chemicals within the country.

  • Over the short term, the increasing demand from the chemical manufacturing industry is expected to drive the market's growth. However, the toxicity of water treatment chemicals is restraining the demand for water treatment chemicals in the country.
  • Among the applications, power generation sector accounts for the largest market share and is likely to dominate the market during the forecast period. Among the product types, corrosion and scale inhibitors segment is dominating the market.
  • The increasing investments in sewage treatment plants in the country is to provide a major growth opportunity to the market studied.

Scope of the Report

Water treatment chemicals are widely used in the various end-user industry such as chemicals (including petrochemicals), power generation, and others. These end-user industries generate wastewater from their facilities as a byproduct, which needs to be treated before reuse or disposing of, considering the longer shelf life of the equipment and government regulations to protect the environment. Some of the water treatment chemicals include corrosion inhibitors, biocides, flocculants, and others. The India water treatment chemicals market is segmented by product type and end-user industry. By product type, the market is segmented into Biocides and Disinfectants, Coagulants and Flocculants, Corrosion and Scale Inhibitors, Defoamers and Defoaming Agents, pH Adjusters and Softeners, and Other Product Types. By end-user industry, the market is segmented into Power Generation, Oil and Gas, Chemical Manufacturing, Mining and Mineral Processing, Municipal, Food and Beverage, Pulp and Paper, and Other End-user Industries. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Product Type
Biocides and Disinfectants
Coagulants and Flocculants
Corrosion and Scale Inhibitors
Defoamers and Defoaming Agents
pH & Adjuster and Softener
Other Product Types
End-user Industry
Power Generation
Oil and Gas
Chemical Manufacturing (including Petrochemicals)
Mining and Mineral Processing
Municipal
Food and Beverage
Pulp and Paper
Other End-user Industries

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Key Market Trends

Increasing Demand from Corrosion and Scale Inhibitors Segment

  • Corrosion inhibitors are general-purpose chemicals applied to counter the corrosion caused in boilers. Corrosion occurs due to the reaction of oxygen with metallic parts in a boiler, which forms oxides. Corrosion affects the metallic part of the boiler and thereby increases the cost of energy and maintenance. It acts by forming a thin layer of barrier over the exposed parts of the boiler from the water.
  • Several types of corrosion inhibitors are used in water boilers, including - condensate line corrosion inhibitor, diethyl hydroxylamine, polyamine, morpholine, cyclohexylamine, and carbon dioxide corrosion inhibitor.
  • These inhibitors are also used in cooling water treatment, to ensure metal protection and prevent metal loss, which may lead to critical system failures in recirculating water piping, process cooling equipment, and heat exchangers.
  • The scale is a precipitate formed on the surface of water treatment towers, as a result of precipitation of soluble solids that become insoluble as temperature increases. This, in turn, causes metallic corrosion that affects the functioning and maintenance of the cooling water towers. This deposition increases corrosion rates, causing loss of production, restricting water flow, and interfering with heat transfer.
  • In the boiler water treatment, if untreated water is used in the boiler, it brings with it a number of soluble salts. These remain soluble in cold water, but with the rise in temperature inside the boiler, salts become insoluble. Carbonates and bicarbonates are formed from calcium and magnesium chemicals dissolved in water.
  • Water boilers, heat exchangers, cooling systems are the key equipments of the chemical industry. According to the India Brand Equity Foundation (IBEF), the Indian chemicals industry was valued at USD 178 billion in 2019 and is expected to reach USD 304 billion by 2025, registering a CAGR of 9.3%. The demand for chemicals is expected to expand by 9% per year by 2025, thus led to increase in the demand for corrosion and scale inhibitors, which in turn expected to stimulates the demand for the water treatment chemicals market within in the country.
  • In the first half of FY2020, India has produced about 5.81 million tons of major chemicals and the production volume of major chemicals was accounted for about 11.58 million tons in FY2019, with a growth rate of about 4.6% compared to the previous year, thereby enhanced the demand for the water chemicals market in the country.
  • Therefore, the aforementioned factors are expected to show significant impact on the market in the coming years.
India Water Treatment Chemicals Market - Segmentation

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Power Industry to Dominate the Market

  • India's power sector consists of conventional sources, ‘such as coal, hydro, and nuclear power’ to non-conventional sources, such as wind, solar, and agriculture and domestic waste.
  • Water in the power generation industry is used in steam production for spinning turbines, humidifying airflow into gas turbines, the inter-cooling air in gas-turbine plants, and various other applications.
  • The electric power generation industry is one of the major sources of industrial wastewater. Their wastewater contains significant levels of toxic metal impurities, such as lead, mercury, arsenic, chromium and cadmium, among others. These impurities can cause significant damage to the environment, if not treated properly. Therefore, the electric power generation industry needs water treatment chemicals.
  • The electricity generation in India was amounted to about 1,613 terawatt hour (TWh) in 2019, with a decline rate of about 0.31% compared to the previous year, thus led to a decrease in the production of waste water at the electric generation facility, which in turn negatively impacts the market demand for water treatment chemicals in India.
  • Electricity demand in the country is expected to grow in the coming years, owing to growing industrialization, urbanization, and population.
  • Therefore, the aforementioned factors are expected to show significant impact on the market in the coming years.
India Water Treatment Chemicals Market - Segmentation

Competitive Landscape

The Indian water treatment chemicals market is partially fragmented, with no player in the market accounting for a significant share of the market. Key players in the market studied include Thermax Limited, ION EXCHANGE, Chemtex Specialty Limited, SicagenChem, and Ecolab (Nalco), among others.

Recent Developments

  • In November 2018, LANXESS has planned to invest about USD 1.65 million by 2023, for enhancing the company's business in the area of water treatment products, and others and to strengthening its asset base in India.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Ground and Surface Water Pollution

      2. 4.1.2 Growing Demand from Various End-user Industries

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Toxicity Of Water Treatment Chemicals

      2. 4.2.2 Impact of COVID-19 Pandemic

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Biocides and Disinfectants

      2. 5.1.2 Coagulants and Flocculants

      3. 5.1.3 Corrosion and Scale Inhibitors

      4. 5.1.4 Defoamers and Defoaming Agents

      5. 5.1.5 pH & Adjuster and Softener

      6. 5.1.6 Other Product Types

    2. 5.2 End-user Industry

      1. 5.2.1 Power Generation

      2. 5.2.2 Oil and Gas

      3. 5.2.3 Chemical Manufacturing (including Petrochemicals)

      4. 5.2.4 Mining and Mineral Processing

      5. 5.2.5 Municipal

      6. 5.2.6 Food and Beverage

      7. 5.2.7 Pulp and Paper

      8. 5.2.8 Other End-user Industries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Chembond Chemicals Limited

      2. 6.4.2 Chemtex Speciality Limited

      3. 6.4.3 Dow

      4. 6.4.4 Ecolab (Nalco)

      5. 6.4.5 ION EXCHANGE

      6. 6.4.6 Lonza

      7. 6.4.7 Nouryon

      8. 6.4.8 SicagenChem

      9. 6.4.9 SNF

      10. 6.4.10 Solenis

      11. 6.4.11 Solvay

      12. 6.4.12 Thermax Limited

      13. 6.4.13 VASU CHEMICALS LLP

      14. 6.4.14 WABAG Group

      15. 6.4.15 ZEEL PRODUCT

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The India Water Treatment Chemicals Market market is studied from 2016 - 2026.

The India Water Treatment Chemicals Market is growing at a CAGR of >9.5% over the next 5 years.

  • Thermax Limited
  • ION EXCHANGE
  • Chemtex Speciality Limited
  • SicagenChem
  • Ecolab (Nalco)

Are the major companies operating in India Water Treatment Chemicals Market.

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