The India water treatment chemicals market was estimated at USD 54.36 million in 2017. The market is expected to register a CAGR of 9.87% during the forecast period, 2018 to 2023. Coagulants and flocculants dominated the India water treatment chemicals market, with nearly 25% share in the market, while biocides & disinfectants segment is estimated to register the fastest CAGR through the forecast period.
Biocides are used in cooling water treatment plants. Cooling water towers are ideal for the growth of biological organisms, such as bacteria, algae, fungi, sulfate-reducing bacteria, and protozoa. Biocides are also for water cleaning programs in order to control biofouling in reverse osmosis membranes. These biocides are used prior to the RO system, to regulate bio-growth in the membrane. The market has been promoting newly designed biocides, like THPS. These biocides have relatively lower toxicity, and a rapid breakdown in the environment, unlike conventional biocides.
In India, biocides & disinfectants are majorly used in municipal, and chemical manufacturing (including petrochemicals) industry. With growth in the chemical manufacturing industry and potable drinking water, due to rapid industrialization and urbanization, respectively, the demand for water treatment chemicals, especially biocides & disinfectants, is expected to increase.
The Power Sector has the highest share in the market, accounting for nearly 26% of the country’s total market share in 2017. 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. 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 & domestic waste. Electricity demand in the country has been consistently increasing, owing to growing industrialization & urbanization, and population. Thereby, to suffice the demand for electricity, massive addition to the existing capacity is required. Hence, the demand for water treatment chemicals is expected to rise significantly from the power sector.
Major Players: GE Water, ION Exchange Ltd., Chemtex Specialty Limited, Sicagen, BASF SE, and Kemira among others.