HYDERABAD, India and MINNEAPOLIS, February 11, 2016 /PRNewswire/ --
According to the report "Water Treatment Additives Market (2015 - 2020) - By Type of Water Treatment (Water treatment and Wastewater Treatment), By Type of Additives (Scale Inhibitors, Corrosion Inhibitors, Oxygen Scavenger, Organic Polymers, Defoamer, Biocides and Others); By Application (Water Industry, power generation, Pulp & Paper, Oil & Gas, Wastewater, Food & Beverage, Electronics, Chemicals and Others) - With Forecast (2015 - 2020)", published by IndustryARC, the water treatment additives market is estimated to reach $35.2 Billion by 2020 at a high CAGR.
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High rates of Industrialization in APAC coupled with Government regulations driving the Global Water Treatment Additives Market to reach $35.2 Billion by 2020.
Browse - 81 Market Tables, 39 Figures spread through 185 Pages and an in-depth TOC on "Water Treatment Additives Market - Global Forecast to 2020".
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Water treatment is the process of removal of existing water contaminants from water that becomes fit for its desired end-use such as drinking, industry or medicinal purposes. Usage of water treatment additives is necessary to achieve an optimized process. They have a wide range of applications in pulp and paper industry, power industry, Oil and Gas industry, food and beverage industry, water industry, wastewater industry, electronics, chemicals and others. The key factors driving demand for water treatment additives are the demand for clean water, rapid industrialization, environment, government policies and increasing population. The market has been segmented into the type of additives being used which include scale inhibitors, corrosion inhibitors, oxygen scavengers, Defoamer, biocides, organic polymer and others.
The organic polymers segment accounted for a market share of around 26% in the global revenue and 25% in the global volume as of 2014. Scale inhibitors have an equal revenue share as organic polymers but the volume share is slightly higher at around 29%. With increasing water scarcity and government regulations upon safe water usage, the requirement of water treatment additives has been increasing. The investment opportunities in developing countries tend to increase in future and there is scope for new entrants in the market.
The Water Treatment Additives Market in 2015 was $26.4 Billion according to research conducted by IndustryARC, and is dominated by Asia-Pacific (APAC) with more than 35% market revenue share. Asia-Pacific is the most encouraging market for water treatment additives owing to the increasing demand from countries such as China and India, and is estimated to reach 38% of the global market by 2020. China, among all the countries is the most promising market with rising demand for water treatment sector due to severe water shortages resulting from large population and water pollution caused by rapid economic growth. The global market revenue is estimated to reach $35.2 Billion by 2020 with a CAGR of 5.9% during the forecast period 2015-2020.
Government initiatives and Regulations to Drive Demand in China
In China for instance the government is taking continuous coordinated measures to control water pollution but as such is still falling short in the face of increasing water pollution based on surveys conducted. The rate of industrialization coupled with higher volume of domestic wastewater being generated has led to rise in wastewater volume and thus increasing the usage of water treatment additives. China's major industries include chemicals, food processing, iron & steel, electronics and others, which require huge quantity of water for production purposes and the numbers of water treatment additives manufacturers in China have also significantly increased over the years.
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China's water sector is the major priority for the 12th Five-Year Water Resources Development Plan. The Chinese government is taking necessary actions to reduce water pollution and imposing penalties that violate the strict rules. Plans to invest $300 Billion in the next five years to treat polluted water and construction of new wastewater treatment plants are already underway. This provides huge growth and opportunities for the companies providing solutions in water and wastewater treatment.
The Various Industries Studied in the Report Include:
The Major Players in Water Treatment Additives Market Include:
The product line of BASF includes biocides, defoamers, organic polymers, scale inhibitors and ion control agents and the company is also a specialist in supplying end user specific customized products based on the requirement. Each grade of water treatment additives is made by a unique array of composition, and exactly suits the requirements of the application. Kurita has a unique business portfolio that is commonly engaged in manufacturing and sale of water treatment chemicals, water treatment facilities and also maintenance services. AkzoNobel and Kemira also accounted for a significant market share wherein Kemira offers a wide range of products such as antiscalants, Defoamers, dispersants, and organic & Inorganic coagulants. AkzoNobel is specialist in providing solutions for scale inhibitors. Others important companies include Shandong Taihe water treatment co, Lubrizol, BWA water additives in the global water treatment additives market.
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The overall market is also presented from the perspective of different geographic regions and the key countries. Competitive landscape for each of the product types is highlighted and market players are profiled.
Segmentation Based on Geography
Americas
Europe
APAC
& Rest Of the World
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