According to a new market report published by BlueWeave Consulting (www.blueweaveconsulting.com), the Global water treatment chemicals market was valued at US$ 23.56 Bn in 2017 and is expected to expand at a CAGR of 5.7% from 2018 to 2025, reaching US$ 37.25 Bn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the Global water treatment chemicals market in 2017.
Increasing demand from industrial and municipal wastewater treatment is driving the Global Water Treatment Chemicals market
Water from various surface sources is frequently contaminated by microbes. While groundwater is normally safer, even groundwater can get contaminated by harmful chemicals from human activities as well as natural environment. Rainwater that is captured by a rooftop harvesting system or small catchment dams is relatively safe. Wastewater treatment is a procedure by which wastewater is converted into an effluent which can be reused directly or can return to the water cycle with minimal effect on the environment.
According to UNESCO 2017, worldwide over 80% of wastewater is released to the environment without adequate treatment. Around 1.8 billion people use a source of drinking water contaminated with microorganisms, risking of contracting cholera, dysentery, typhoid, and polio. Wastage of water has become one of the major challenges for both developed and developing economies with increase in manufacturing industry. Numerous government and non-government organizations are actively participating to save fresh water and natural resources. For instance, average high income countries treat about 70% of the wastewater they generate, while 38% of waste water is only treat in upper middle income countries and 28% in lower middle-income countries. Further, in low income countries, only 8% of industrial and municipal wastewater undergoes treatment of any kind, reported by United Nations Educational, Scientific and Cultural Organization in 2017. Thereby, wastewater treatment chemicals products demand will increase globally owing to rise in consumers awareness regarding depletion of natural resources and scarcity of freshwater in developed countries, surging the need for waste water treatment chemicals
Global Water Treatment Chemicals Market: Scope of the Report
The Global Water Treatment Chemicals market is segmented on the basis of product type, and end-use industry. On the basis of product type, the market is segmented into Flocculants, Coagulants, Corrosion Inhibitors, Biocides & Disinfectants, Scale Inhibitors, pH Adjusters and Others. Flocculants was the largest segment in the Global Water Treatment Chemicals market in 2017 and is estimated to witness the highest growth during 2018-2025. On the end-use industry basis, the market is segmented into Municipal, Power Generation, Oil & Gas, Chemicals Manufacturing, Mining & Mineral Processing, Food & Beverages, and Others. Municipal accounted for the largest segment in the Global Water Treatment Chemicals market in 2017.
On the basis of region, the market is segmented into five parts namely North America, Asia Pacific, Europe, Latin America, Middle East & Africa. North America was the largest region in the global water treatment chemicals market in 2017 with a market share of 31.11% and it is estimated to grow over a CAGR of over 5% during 2018-2025.
Global Water Treatment Chemicals Market: Competitive Dynamics
Companies, such as BASF SE, Solvay S.A., DowDuPont, Ecolab Inc., Suez S.A., and Baker Hughes Incorporated are the key players in manufacturing water treatment chemicals globally. In terms of product offerings, BASF SE and Ecolab Inc. are the major players in the market, providing chemicals for water treatment.
Market Segmentation: Global Water Treatment Chemicals Market
- Corrosion Inhibitors
- Biocides & Disinfectants
- Scale Inhibitors
- pH Adjusters
By End-Use Industry
- Power Generation
- Oil & Gas
- Chemicals Manufacturing
- Mining & Mineral Processing
- Food & Beverages
In addition, the report provides analysis of the Global Water Treatment Chemicals market with respect to the following geographic segments:
- North America
- Asia Pacific
- South Korea
- Rest of Europe
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East
BlueWeave Consulting is a one-stop solution for market intelligences regarding various products and services online & offline. We offer worldwide market research reports by analysing both qualitative and quantitative data to boost up the performance of your business solution. BlueWeave has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients for years. We are one of the leading digital market intelligence generation company delivering unique solutions for blooming your business and making the morning, more rising & shining.