June 9th, 2022
Water Treatment Chemicals Market
Water Treatment Chemicals Market is projected to expand at a faster CAGR over the forecast period, owing to the rigorous norms about wastewater treatment.
The growing use of water treatment chemicals for the treatment of wastewater to improve water quality for its use in pulp & paper, food & beverage, chemicals, oil & gas, and metal industries is one of the key drivers fuelling the water treatment chemicals market. Factors including rapid urbanization, industrialization, and strict norms pertaining the water reusability are projected to expand the market size. Further, leading players in the market have used various strategies which include mergers and acquisitions, product innovations, and expansions to maintain their competitiveness in the market. However, the insufficient knowledge about these treatment technologies will hamper the global Water Treatment Chemicals Market growth.
By product type, Coagulation and flocculation is expected to witness a promising growth over the forecast period, owing to their growing demand for removing pollutants. Further, coagulation and flocculation help in the water treatment process and remove oil from mining, chemical manufacturing, and mineral and processing sectors, which will drive the market growth.
By end-use industry, the power segment is anticipated to lead the market with the highest share, primarily owing to the growing demand for water treatment chemicals for the purification of wastewater streams. Moreover, as per the Water Treatment Chemicals Market report, rapid industrialization and rising electricity demand will fuel the market growth.
By Region, North America is projected to grow at the highest CAGR during the forecast period, owing to the growing awareness about water conservation. Also, strict government norms enforced to control disposal wastewater from municipal and industrial sources into environment will complement the market growth. Asia Pacific is forecast to expand at a CAGR over the coming years due to the rising demand for fresh water.
In 2020, DuPont De Numours, Inc. took over OxyMem Limited, a company developing Membrane Aerated Biofilm Reactor (MABR) technology to treat and purify municipal and industrial wastewater.
Water Treatment Chemicals Market Segmentation:
Water Treatment Chemicals Market by Product Type
· Flocculant and Coagulant
· Biocide and Disinfectant
· Defoamer and Defoaming Agent
· pH Adjuster and Softener,
· Scale and Corrosion Inhibitor
Water Treatment Chemicals Market by End-Use Industry
· Oil and Gas
· Chemical Manufacturing
· Mining and Mineral Processing
· Food and Beverage
· Pulp and Paper
Water Treatment Chemicals Market by Region:
· Asia Pacific
o Rest of APAC
· North America
o United States of America
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
About GMI Research
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