Wastewater Treatment Chemicals Market to witness 8% CAGR by 2023
Date: 2018-10-08   Author: Ronak Bora  Category: #industry

Wastewater Treatment Chemicals Marke is anticipated to grow at a significant rate due to increase in end-use industries such as pharmaceuticals, food & beverages and refineries. Middle East & Africa is expected to be an attractive wastewater treatment chemicals market owing to water scarcity, insufficient water structure, and outbreak of water-borne diseases such as cholera.

Wastewater treatment chemicals market was valued at over USD 22 billion and is estimated to be worth more than USD 35 billion by 2023, growing at a CAGR of approximately 5.5%.
U.S. wastewater treatment chemicals market size accounted for more than 35% of the total volume in 2015. Asia Pacific was around 9 billion in 2015 and is expected to reach approximately 15 billion by 2023, with estimated gains of more than 7.5%. China and India are likely to fuel demand owing to high population density and industrialization growth.


Request for a Table of Content of this research report @ https://www.gminsights.com/request-toc/upcoming/269

Key chemicals include coagulants & flocculants, corrosion & scale inhibitors, pH adjusters, biocides & disinfectants, chelating agents, softeners, and anti-foaming agents. Coagulants & flocculants market size was valued at over USD 8.5 billion in 2015 and accounted for more than 25% of the total volume. It is expected to reach around USD 15 billion by 2023, with estimated gains of 5%. Corrosion & scale inhibitors market is anticipated to witness significant growth due to optimum efficiency in maintaining correct water conditions, specifically for cooling systems. pH adjusters is likely to gain popularity owing to prevention capabilities pertaining to wastewater bacteria.

Processed or raw water is used in various applications including washing, cooling, and processing in several manufacturing industries such as pharmaceuticals, pulp & paper chemicals, metal & mining, power, semiconductors, oil & gas, and textiles. These industries are the major water pollution contributors. Increasing contamination owing to rapid industrialization accompanied by water scarcity has lead to stringent government regulations, which is likely to be the key driving factor for the industrial wastewater treatment chemicals market.Increasing gap between water demand and supply coupled with government regulations towards water reuse and recycle projects is likely to drive growth. Growth in end-use industries such as pharmaceuticals, power, pulp & paper, dairy, food & beverages, oil & gas and refineries are likely to propel the wastewater treatment chemicals market size.

Request for a Customization of this research report @ https://www.gminsights.com/roc/269

Water consumption is consistently increasing with rapid urbanization and economic development in emerging countries. Water quality relies on various parameters such as hardness, pH, TDS (Total Dissolved Solids), and alkalinity. Water treatment chemicals are used to eliminate water impurities. These chemicals are also used to treat municipal water including cleaning and drinking water. The industrial sector needs water for washing, cooling, and processing.Shale gas exploration in North America and growing exploration in countries such as India and China is likely to boost growth. Sea water desalination industry is likely to create new opportunity for the wastewater treatment chemicals market. Desalination is expected to witness notable growth in regions such as Asia Pacific and Middle East due to water scarcity and growing industrialization.

End-use industries include municipal and industrial segment. Industrial segment is bifurcated into textiles, power, oil & gas, semiconductors and pulp & paper. Oil & gas industry is likely to witness high growth owing to its large water consumption during exploration and processing. Demand from the agriculture industry is expected to increase owing to volatile climate and increasing water reusability & recycling trend.As of 2015, there were more than 17,000 desalination plants globally. Chemicals are also used during pretreatment phase of sea water desalination, which is likely to propel treatment chemicals demand. High raw material costs such as zinc, molybdenum, lead, and chromium are anticipated to adversely affect wastewater treatment chemicals price trend.

Global wastewater treatment chemicals market share is comprised of Kemira, Kurita, BASF, Air Products & Chemicals, Nalco-Ecolab, AkzoNobel, BWA Water Additives, Ion Exchange, Thermax, Carus Corporation, Hydrite Chemical, The Dow Chemical Company, Lonza Group, and GE Water & Process Technologies.



About Author


Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

...

Read More

More from Ronak


Post Recommendents

Eyewear Market to cross 1.3 billion units by 2024
Author: Rahul Varpe

Global eyewear market is segmented into Latin America, APAC, North America, MEA and Europe. North America eyewear market share was more than 31% of the global industry share in terms of revenue and size. Increase in growth of North American indust...


Waste to Energy Market to witness significant growth by 2024
Author: Rahul Sankrityayan

Increasing municipal solid waste (MSW) adoption as a fuel to generate renewable energy via thermal and biological techniques will drive industry growth. Thermal technology dominated the total share in 2015. In addition...


Itaconic Acid Market share to reach USD 290 million by 2024
Author: Rahul Sankrityayan

Rising demand for bio-based chemical intermediates for sustainable products will drive itaconic acid market growth, which offers an ideal platform. Chemicals, that can be possibly replaced by this plat...