The Global Waste Water Treatment Chemicals market has generated the revenue of $21483 million in 2015 and is anticipated to grow at a CAGR of 5.2% for the forecast period 2016-2022. Waste water treatment chemicals are type of chemical compounds, used for removing the impurities present in wastewater or drinking water.
The global waste water treatment chemicals market is segmented on the basis of type and application. Coagulants & Flocculants has the largest market share in the type segment and accounts for approximately more than 28% of the total volume. Increase in the municipal water treatment activities in the primary water treatment is responsible for large market share of this segment. However, it is anticipated that corrosion & scale inhibitors market will grow at the highest CAGR owing to its advantage of providing optimum efficiency in maintaining correct water conditions, generally in case of cooling systems. Also, pH adjusters will likely grow due to its prevention capabilities pertaining to wastewater bacteria. Oil and gas industry is the largest end user of waste water treatment chemicals as large quantity of water is required in processing and exploration of oil and gas. Due to increasing government regulations and sustainability mandates concerning the environment, increasing demand of recycled waste water from end user industries and global awareness and mandates for provisions of safe, treated drinking water, the global market for waste water treatment chemicals is expanding. Many countries and institutions such as US, Europe, World bank etc. have led down guidelines and regulations like ‘Clean Water Act’, ‘Drinking Water Treatment Plant Residual Management’ etc to increase the waste water reuse and recyclability which will lead to increase in the demand for waste water treatment chemicals. In addition, wide scale adoption of this chemicals in end user industries such as oil& gas, power generation, metal and mining, paper and pulp, food industry etc, increasing customer base in emerging economies of India, China etc. with rapid urbanization, and the prolonged demand for specific and customized formulations technological are likely to spur the demand of global waste water treatment chemicals. However, few restraints such as development of alternative methods for treatment of water, increasing patent wars and demand for eco friendly chemicals are hampering the market growth to a certain extent.
Globally, the biggest market for Waste Water Treatment Chemicals is North America, having a market share of approximately 32 %. Increasing adoption of water treatment chemicals by end user industries specifically oil and gas, power generation and metal mining and increasing exploration activities in the region are the factors responsible for this large market share of the region. Asia Pacific is also one of the fastest growing market and has second largest market share of approximately 29%. The leading players in the waste water treatment chemicals market have adopted partnership/collaboration, mergers and expansion as the most preferred strategies to increase their product portfolio and expand their respective market presence. In October 2015, GE Water and Process Technologies acquired Netherlands based IMT solution which is a manufacturer of microfiltration membrane for water treatment. With this acquisitions GE will be enhancing its ZeeWeed advanced ultra filtration membranes portfolio. In October 2014, Kurita bought ICL’s water treatment and chemical business unit. This has helped Kurita to expand its global presence by increasing penetration in the APAC region.
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Companies Mentioned: -
1. AKZO NOBEL N.V.
2. ASHLAND CORPORATION
3. BASF SE
4. BAW WATER ADDITIVES UK LIMITED
5. BUCKMAN LABORATORIES INTERNATIONAL INC.
6. BWA WATER ADDITIVES
7. CARUS CORPORATION
8. CHEMTREAT INC.
9. CORTEC CORPORATION
10. E. I. DU PONT DE NEMOURS AND COMPANY
11. ECOLAB (NALCO COMPANY)
12. GE WATER AND PROCESS TECHNOLOGIES
13. HYDRITE CHEMICAL CO.
14. ION EXCHANGE INDIA LIMITED
15. KEMIRA OYJ
16. KURITA WATER INDUSTRIES LTD.
17. LONZA GROUP AG
18. THE DOW CHEMICAL COMPANY
19. THERMAX LIMITED
20. VEOLIA WATER
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