Increased globalization, surge in waste water volumes, and depleting resources of fresh water have led to an increase in the supply and demand gap for water globally. According to the market report by BIS Research titled, ‘Global Water Treatment Chemicals Market -Analysis and Forecast (2017-2021)’, it is estimated that the water treatment chemicals market will reach a value of $24.33 billion by the year 2021, registering a CAGR of 5.3% from 2017 to 2021. This growth is justified by the rising demands from high end sectors such as oil & gas, pulp & paper, and mining industries. Furthermore, the water treatment industry is expected to escalate in developing and under developed economies, due to the rise in waste water volume, increasing water demand and stringent regulations, among others.
Water treatment chemicals are used for the treatment of water in boilers, cooling towers, and effluents from industries and sewage treatment plants. Growing demand from municipal and industrial waste water treatment continues to be the driving factor for the increasing rate of treatment of water with chemicals. Moreover, with the consistent economic growth in the emerging economies such as India, China, and Brazil, the demand and market growth in the power sector, manufacturing and industrial sector are increasing, which in turn, are escalating the demand for water treatment systems and chemicals.
Conventional chemicals that are used for water treatment are non-biodegradable and pollute the environment, and hence, the governments of various countries have devised stringent regulations against the use of same. To overcome this hurdle, companies are coming up with alternative solutions such as green chemicals, which can be used as inhibitors, oxygen scavengers, and neutralizers for the water treatment, and do not contain volatile compounds along with being biodegradable in nature. Some of the major companies that are adopting green chemicals in place of conventional chemicals are BASF, Suez and Buckman Laboratories, among others. These companies also provide scale inhibitors, corrosion inhibitors, coagulants, flocculants, and chelating agents, among other chemicals used in water treatment.
The market of water treatment chemicals consists of several manufacturers at regional and global level, providing a varied range of raw material in bulk to the water treatment manufacturers. Therefore, to sustain in the intensely competitive market and to satisfy the growing demands of consumers, the key players are coming up with various business expansion strategies such as mergers and acquisitions, new product launch, and collaborating with other companies. In the last three years, there has been an increase in the research and development activities in the global market which has led to an inclination towards the adoption of product launch strategy.
BIS Research has conducted an extensive research on the water treatment chemicals market and compiled the observation and insight in this report. The market intelligence report aims at providing an in -depth analysis of the key development strategies, marketing strategies and market trend dynamics which include drivers, restraints, and opportunities prevailing in the industry.
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