The United States water treatment chemicals market is expected to witness a CAGR of over 4% during the forecast period (2018 - 2023), majorly driven by stringent government regulations to control produced and wastewater disposal. The increasing demand to treat wastewater produced from power industry is also likely to stimulate the market.
In the United States, plant personnel is forced to comply with tighter National Pollutant Discharge Elimination System (NPDES) guidelines for cooling water systems, as per the Environmental Protection Agency (EPA) and individual state regulators mission, to deal with wastewater issues. This scenario is leading to increasing investments for water treatment. The United States Environmental protection agency (USEPA) emphasizes on the improvement of water and sewage services, especially in the municipal wastewater treatment area, and estimated a capital investment of about USD 600 billion, towards its improvement over the coming two decades.
Municipal industry is expected to dominate the US water treatment chemicals market, accounting for around one-fourth of the market share. The USEPA has also been focusing on supplying clean drinking water and runs a fund called ‘Clean Water State Revolving Fund’, by which it finances the environmental compliances. Such initiatives is likely to increase the usage of water treatment chemicals. The usage of water treatment chemicals is also increasing due to a greater demand for purifying drinking water in the country.
Flocculants and coagulants are expected to witness the highest growth with huge demand from oil and gas industry due to shale production. In terms of consumption in 2017, corrosion inhibitors held a largest market share, accounting for more than one-fifth of the market share in United States. 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.
Major Players: Ecolab, Kemira, Solenis, BASF SE, and Lonza, among others.
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