india-water-treatment-chemicals-market-industry
Published

MAR 2018

India Water Treatment Chemicals Market - Segmented by Product, Application, and Geography - Growth, Trends and Forecast (2018 - 2023)

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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.                       

Increasing Demand for Biocides

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.

Power Sector Dominates the Market

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.

                                     

Notable Developments in the Market

  • December 2017: Ion Exchange (India) Limited launched high -purity water generation product for the Pharma industry
  • April 2017: Indo-Belgium initiative supported Navi Mumbai Municipal Corporation’s objective to convert sewage into industrial grade water

Major Players: GE Water, ION Exchange Ltd., Chemtex Specialty Limited, Sicagen, BASF SE, and Kemira among others.

Reasons to Purchase this Report

  • Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
  • Various market perspectives, with the help of Porter’s five forces analysis
  • Regions or countries that are expected to witness the fastest growth during the forecast period
  • Product segment, which is going to dominate the market during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players
  • 3-month analyst support, along with the Market Estimation sheet (In excel).

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