Global Industrial Water Treatment Chemicals Market

Industrial Water Treatment Chemicals Market Insights

Industrial waste is a serious environmental issue, and some environmentalists have emphasized the importance of reducing the toll of this waste. Wastewater disposed of by factories has emerged as a significant component of waste produced by industrial units. The treatment of this water has become critical to ensuring a safe and pleasant climate.The presence of millions of industrial units around the world has resulted in a surge in demand for industrial water treatment chemicals in the global market. As water is an indispensable component of various industrial applications, it is expected that all industries dispose of wastewater. Hence, the need to treat wastewater cannot be undervalued in this scenario of declining environmental standards. Furthermore, effluents from factories are often dumped in populated areas, resulting in disease transmission. This element has sparked a spirit of activism among governments to ensure proper industrial waste disposal. As a result, the global industrial water treatment chemicals industry is expected to generate significant sales in the coming years.

The growing need for potable water has increased demand in the industrial water treatment chemicals industry. Industrial waste is a serious threat to the environment, and many scientists have emphasized the importance of reducing the harm caused by this waste. Wastewater disposed of by industries has surfaced as a principal component of the waste produced by industrial units. The processing of this water has become notably important to guarantee a healthy and pleasant environment. As a result, wastewater treatment practices are being rapidly implemented in both developed and emerging economies.

Despite the attempts made by renowned environmentalists towards building awareness about wastewater treatment, many issues in this respect still exist. Moreover, the developed nations have outsourced their industrial works to underdeveloped nations. This has further intensified the situation across underdeveloped countries. As a result of these factors, the global demand for industrial water treatment chemicals is expected to lead to global progress over the forecast era.

Factors such as increased development activities in the paper and chemical industries drive the industrial water treatment chemicals market. Rising shale gas production in the United States is also expected to fuel demand for industrial water treatment chemicals during the projected period. The growing need to recycle wastewater for reuse is predicted to act as a chance for future market growth.

The electric power generation sector is one of the dominant sources of industrial wastewater. Their wastewater carries significant poisonous metal impurities, such as arsenic, mercury, chromium, lead, and cadmium, among others. If not well handled, these impurities can cause significant environmental harm. Consequently, the electric power generation industry heavily requires water treatment chemicals.

Over the projected era, the global industrial water treatment chemicals market has a commendable growth opportunity. There is a need to improve the protection of the environment, and this point of view has been expressed at national and international environmental conferences. It has been discovered that wastewater released by factories is one of the most hazardous wastes that directly impact fauna and flora. As a result of these factors, it is reasonable to predict that the global industrial water treatment chemicals market will grow to be a multibillion-dollar industry in the coming years.

Industrial Water Treatment Chemicals Market: By Application

Based on the application, the market is segmented intofive segments: raw water treatment, water desalination, cooling & boilers, effluent water treatment, and others.The cooling and boilers segment will be the largest application segment in the industrial water treatment chemicals market. The raw water treatment segment is predicted to rise at the highest CAGR during the forecast period. The presence of suspended particles and heavy metals is expected to increase demand for pre-treated industrial water, especially in key countries such as China, the United States, India, Germany, the United Kingdom, and Brazil. This is expected to have a strong potential market for product consumption.

Effluent water treatment is a way of treating municipal wastewater and safely disposing or reusing it. In this method, industrial wastewater is segregated in an effluent treatment plant utilizing several chemicals such as deoiling polyelectrolytes, organic coagulants flocculants filtration aids, otherwise known as DOPE, and dewatering aids.

The demand for effluent treatment is forecasted to witness significant growth due to the need to lessen the industrial utilization of freshwater. Not only does the method decrease expense on acquirement, but it also contributes toward sustainable development and safeguards the environment against pollution.

Industrial Water Treatment Chemicals Market: By Region

The Asia-Pacific region will dominate the global industrial water treatment chemicals market share during the forecast period.China is an emerging economy and is the highest based on purchasing power parity and the second-largest economy based on nominal GDP. The nation's government is improving economic growth and urbanization, which will boost the need for improvement in wastewater foundations, leading to soaring water treatment chemicals usage. The significant end-users are the chemical plants, municipal, oil & gas, food & beverages, power generation industry, among others, in the country.

Furthermore, the majority of the country's population depends on groundwater supplies for drinking water, which are either unprocessed, often in remote areas, or poorly managed by municipal water suppliers.As a result, there is an increase in demand for municipal water treatment chemicals. Water treatment additives are commonly used in a variety of applications for the treatment of cooling water and boiler water.Therefore, the industrial water treatment chemicals market has a huge growth potential over the forecast period.

Industrial Water Treatment Chemicals Market Share and Competitor Analysis

Cortec Corporation, Solenis LLC, The Dow Chemical Company, Buckman Laboratories International Inc., Solvay S.A., BWA Water Additives, AkzoNobel N.V., Suez S.A., SnfFloerger, KemiraOyj, BASF SE, Ecolab Incorporated, are some of the identified industry players.

Please note: This is not an exhaustive list of companies profiled in the report.

In January 2019, BASF collaborated with Solenisto merge their water chemicals and paper wet-end businesses. The company operates under the Solenis brand and will expand manufacturing capabilities, operation, and distribution globally.