NEW YORK, October 24, 2016 /PRNewswire/ --
Rising population and industrialization across the globe has necessitated the requirement for chemically treated water and wastewater across the globe. With the shortage of water resources, the residential, commercial and industrial sectors are facing scarcity of clean water. The municipal sector emanates large demand for water treatment chemicals in order to meet strict government regulations owing to which, the demand for water and wastewater treatment chemicals is rising exponentially. Water and wastewater treatment chemicals with varied properties are used at different stages of operation across various industries. The main functions performed by water and wastewater treatment chemicals in water treatment industry are coagulation & flocculation, anti-foaming, chelation, and disinfection processes. The rapid rise in the consumption of these chemicals is set to boost the global water and wastewater treatment chemicals market with a remarkable growth rate over the coming decade. North America was the largest market for water treatment chemicals globally, accounting for a large share of the overall water treatment chemicals market, in terms of value. North America and Asia-Pacific together occupied a market share for nearly 50% of the global water treatment chemicals market in value terms in 2015.
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Global Water and Wastewater Treatment Chemicals Market: Drivers and Restraints
Global water and wastewater treatment chemicals market is majorly driven by factors such as increasing use of processed water in industries, expanding demand for industrial effluent treatment, and increasing levels of river water pollution, among others. Rising water pollution levels has stimulated increased demand for treating industrial effluent before its discharge into the water bodies. Chemically treated water can be effectively used in wide number of industries, such as agriculture, pulp and paper, textile manufacturing. Consequently, government bodies across the world are focusing upon increasing the recycling of water and creating awareness regrading used recycled water in manufacturing operations, wherever possible. Another major driver is the rising population and residential units which in the developing countries such as China, Brazil and India, among others, is creating need for water and wastewater treatment chemicals from municipal sector. Although the market for water and wastewater treatment chemicals is rising, it faces certain constraints such as fluctuating raw material prices, and lack of awareness regarding benefits of treated water over untreated water, which inhibit the growth of water and wastewater treatment market.
Water and Wastewater Treatment Chemicals Market: Segmentation
Based on type, global water and wastewater treatment chemicals market is segmented as:
Based on application, global water and wastewater treatment chemicals market is segmented as:
Water and Wastewater Treatment Chemicals Market: Overview
The Global Water and Wastewater Treatment Chemicals Market is anticipated to grow at the CAGR of about 5% during 2015-2025. Growing demand across various industries, including power generation, municipal water treatment, chemical, oil & gas, and metal & mining, etc. is fostering stronger market growth in the water and wastewater treatment chemicals market globally. The need for water treatment chemicals is snowballing owing to growing levels of water pollution. In order to maintain the availability of water and to reduce the harmful effects of consuming polluted water, the regulatory bodies and responsible authorities are taking strict actions to promote water and wastewater treatment and hence pushing up the sales of water and wastewater treatment chemicals around the world. These factors lead to the augmenting sales of water and wastewater treatment chemicals. To add to this growth, the suppliers and distributors of the product are reaching far and wide to meet the need of every consumer segment at all possible locations, thus catering to rising demand and also acting as marketing channels for the product among the developing economies.
Water and Wastewater Treatment Chemicals Market: Region-wise Outlook
At present, North America is the leading regional market in water and wastewater treatment chemicals market, followed by the Asia-Pacific and Europe in value terms. Asia Pacific is one of the fastest growing regions for the water and wastewater treatment chemicals market, with China as the largest market for the product in Asia-Pacific. Expanding industrial sector in Asia pacific region is the primary cause for the larger market share of the region in global water and wastewater treatment chemicals industry. North America occupies the largest share in global water and wastewater treatment chemicals market due to its large base of industrial and residential developments, together with higher affordability for installing water treatment and wastewater treatment plants across different location and different consumer ends. The government support and high level of consumer awareness is an add-on feature of North American water and wastewater treatment chemicals market.
Water and Wastewater Treatment Chemicals Market: Key Players
Key players in the Global Water and Wastewater Treatment Chemicals Market include Kemira (Finland), Nalco-Ecolab Company (U.S.), Kurita (Japan), Ashland Inc. (U.S.), BASF SE (Germany), Air Products and Chemicals Inc. (U.S.), The Dow Chemical Company (U.S.), AkzoNobel N.V. (The Netherlands), and BWA Water Additives UK Limited (U.K.), etc.
The report covers exhaustive analysis on:
Regional analysis includes
"Global Water and Wastewater Treatment Chemicals Market By Type, By Application, Competition Forecast & Opportunities, 2011-2025" has analyzed the potential of the global water and wastewater treatment chemicals market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
Report Highlights:
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