Global Industrial Water Treatment Chemicals Market Is Predicted to Value Over USD 33 Billion by 2029 End

  • 31 Jul 2019
  • Chemicals & Advanced Materials

Global Industrial Water Treatment Market to value over USD 33 billion by 2029 end and register a CAGR of over 4.2% during 2019 to 2029.

With increasing population leading to an increasing consumption of water have led to the rise in the number of products used to satisfy the ever-rising demand and consumer safety. Rapid urbanization along with rising economic development, and expanding industrial activities augment the need for treated, safe-to-use water for various purposes.

Increase in climate change and technological improvements to generate electricity using various methods given the massive demand for these necessities is fueling the need for this market. Extensive application of freshwater for industrial and municipal use, electric power plant cooling, irrigation, and in aquaculture as well as for livestock drives the demand for this market globally.

Developing nations have a low per capita availability of freshwater for human consumption owing to erratic precipitation in most areas. Due to the limited availability of resources, these regions are projected emerging markets for biocides used in industrial wastewater treatment in order to maintain hygienic environment and provide potable resource for residents.

The global industrial water treatment is governed by several policies and regulations monitoring the market. Numerous EPA regulations, such as the Clean Water Act (CWA) and the Safe Drinking Water Act (SDWA) attempt to control and reduce pollution, setting permissible standards for waste water and its management and treatment to maintain the quality and standard. Similarly, in other countries, such as Europe,  the Urban Wastewater Treatment Directive, Drinking Water Directive, and Water Framework Directive regulates the use of chemicals during the treatment of water.

High costs to establish the treatment process, maintenance and other overhead charges, heavy energy consumption significantly raise the cost and could act as a hindrance to market growth. Along with that the degree of automation, as well as the degree of pollutants in the water and the specific chemicals required in order to treat it also affect the market’s growth globally.

Overshadowing this, the shift from UN’s Sustainable Development Goals to Millennium Development Goals is expected to improve the technology and augment the growth of the market. Increasing industrial contribution in the power generation sector and reducing water footprint through effective processes, is projected to drive the overall market.

Significant firms operating in the industry are BWA Water Additives; The Dow Chemical Company; Cortec Corporation; Buckman Laboratories International Inc.; AkzoNobel N.V.; Solvay S.A.; Solenis LLC; Kemira Oyj; Snf Floerger; Suez S.A.; Ecolab Incorporated; and BASF SE

Market Segmentation

1. By Application

●     Raw Water Treatment 

●     Cooling and Boilers

●     Effluent Water Treatment

●     Water Desalination

The category of cooling and boilers emerged as the largest application segment in the industrial water treatment chemicals market and accounted for major market share. On the other hand, the raw water treatment chemicals application segment is estimated to grow at the highest CAGR during the forecast period.

2. By Region

●     North America

●     Europe 

●     Asia Pacific

●     Latin America 

●     Rest of the World

In terms of region, Asia Pacific has accounted for the highest revenue and is projected to continue to dominate the global market. Owing to regulatory support and incentives provided to the private sector to increase their participation and contribution in wastewater management and providing equitable resources to the public, the global market is expected to thrive. With increasing demand for resources in North America, the market is speculated to grow at the highest CAGR in the respective region during the forecast period.

Competitive Landscape:

●      Tier 1 players- established companies in the market with a major market share

●      Tier 2 players

●      Emerging players which are growing rapidly

●      New Entrants 

FutureWise Takeaways

●      Growth prospects

●      SWOT analysis

●      Key trends

●      Key data points affecting market growth

Objectives of the Study:

●     To provide an exhaustive analysis on the global industrial water treatment chemicals market by application and by region

●      To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

●      To evaluate and forecast micro-markets and the overall market

●      To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and rest of the world

●      To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

●      Profiling of companies to evaluate their market shares, strategies, financials and core competencies

 

Get unlimited analyst support and customise this study further to your requirements, contact sales@futurewiseresearch.com