The water and wastewater treatment chemicals market is
estimated to be valued at US$ 32,548.27 Mn in 2022 and is expected to exhibit a
CAGR of 4.2% over the forecast period 2023-2030, as highlighted in a new report
published by Coherent Market Insights.
Market Overview:
Water and wastewater treatment chemicals are used in various processes involved
in water and wastewater treatment such as coagulation, flocculation,
disinfection, scale & corrosion inhibition, pH control, and others. These
chemicals play a vital role in ensuring safe drinking water supply and are also
used to treat industrial wastewater before discharging it into natural water
bodies. The increasing concerns regarding health hazards due to contaminated
water and stringent wastewater discharge regulations are promoting the adoption
of water treatment processes across various end-use industries.
Market Dynamics:
The global water and wastewater treatment chemicals market is expected to
witness significant growth over the forecast period, owing to rising
industrialization activities and increasing need for freshwater treatment. The
demand for treated water is growing worldwide due to a rapidly growing
population and rapid urbanization. According to the United Nations, more than
60% of the world’s population will reside in urban areas by 2030, up from 55%
currently. This is creating a huge demand for freshwater supplies in developing
nations. Furthermore, stringent governmental regulations regarding industrial
wastewater discharge standards are necessitating the usage of chemicals during
wastewater treatment processes. For instance, the U.S. Environmental Protection
Agency (EPA) has implemented regulations such as the Clean Water Act to control
water pollution by industrial units. Additionally, chemical manufacturers are
focused on developing innovative and eco-friendly water treatment chemicals in
order to comply with the stringent environmental regulations.
Segment
Analysis
The water and wastewater treatment chemicals
market is dominated by the municipal segment. This segment accounts for over
60% share of the overall market owing to growing urbanization and rising
investments in water infrastructure projects across residential, commercial and
industrial sectors. The increasing requirements for clean drinking water and
adoption of stringent wastewater discharge norms are further driving the demand
for chemicals within the municipal segment.
PEST Analysis
Political: Regulations regarding discharge of untreated wastewater and
implementation of water recycling mandates in several countries are positively
influencing the market growth. However, varying environmental norms across
regions pose challenges to players.
Economic: Growing industries and rising population are augmenting clean water
demand which in turn is favoring market expansion. Though high operational
costs can hamper the small scale end-users.
Social: Rising awareness about water conservation and public health is propelling
the usage of treatment chemicals. However, affordability issues in
underdeveloped nations restricts the market scope to some extent.
Technological: Adoption of advanced membranes, automation, IoT and analytics
are helping optimize treatment processes. Still, frequent technological
upgrades pressure participants through increased R&D spending.
Key Takeaways
Global
Water And Wastewater Treatment Chemicals Market Size is expected to
witness high growth, exhibiting CAGR of
4.2% over the forecast period, due to increasing industrial wastewater
volumes and robust investments in water infrastructure projects across
developing regions. North America dominated the market and accounted for over
30% revenue share in 2021 led by strict regulatory compliance and deployment of
advanced treatment technologies across all sectors. Key players operating in
the water and wastewater treatment chemicals market are Kemira Oyj, ION
EXCHANGE (I) Ltd, Thermax Ltd, BASF-SE, GE Water & Process Technologies,
Dorf Ketal, Chembond India Ltd, SNF Group, Vasu Chemicals, E. I. du Pont de
Nemours and Company, Shandong Taihe Water Treatment Technologies Co., Ltd., and
Shandong XinTai Water Treatment Technology Co., Ltd.
Regional analysis: Asia Pacific is expected to witness the fastest growth
during the forecast period. Factors such as rapid urbanization, rising incomes,
and improving sanitation standards across countries like China and India are
expected to propel the industry forward. China dominates the regional market
owing to the large manufacturing sector and presence of vast chemical industry.
Key players: Key players operating in the water and wastewater treatment
chemicals market are Kemira Oyj, ION EXCHANGE (I) Ltd, Thermax Ltd, BASF-SE, GE
Water & Process Technologies, Dorf Ketal, Chembond India Ltd, SNF Group,
Vasu Chemicals, E. I. du Pont de Nemours and Company, Shandong Taihe Water
Treatment Technologies Co., Ltd., and Shandong XinTai Water Treatment
Technology Co., Ltd.
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