- Increase in demand for clean water for municipal &
industrial applications, strict regulations regarding wastewater
discharge, and rise in investments in the industrial sector propel
the growth of the global water treatment chemicals market
PORTLAND, Ore., Oct. 28, 2020 /PRNewswire/ -- Allied Market
Research published a report, titled, "Water Treatment Chemicals
Market by Type (Coagulants, pH Adjusters & Softeners,
Flocculants, Biocides & Disinfectants, Scale Inhibitors &
Dispersants, Corrosion Inhibitors, and Others) and End-Use Industry
(Industrial and Municipal & Others): Global Opportunity
Analysis and Industry Forecast, 2020–2027." According to the
report published by Allied Market Research, the global water
treatment chemicals market garnered $33.3
billion in 2019, and is projected to generate $46.5 billion by 2027, witnessing a CAGR of 5.1%
from 2020 to 2027.
Prime determinants of the market-
Increase in demand for clean water for municipal &
industrial applications, strict regulations regarding wastewater
discharge, and rise in investments in the industrial sector propel
the growth of the global water treatment chemicals market.
Nevertheless, accessibility of alternative water treatment methods
and ill-effects of chemicals during the water treatment impede the
market growth. However, utilization of silver-based biocides in
water treatment and increase in demand from emerging countries are
anticipated to usher new opportunities in the near future.
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Covid-19 Scenario:
- Due to the lockdown and stringent regulation issued by the
governments the manufacturing activities have been stopped. This
has impacted the production volume. On the other hand, the supply
chain disruptions have caused shortage of raw material which
further affected the manufacturing activities.
- The halt in industrial activities impacted the demand at the
initial stages. However, the relaxation of restrictions are further
anticipated to assist the market to recoup soon.
The corrosion inhibitors segment is anticipated to dominate
the market by 2027-
Based on type, the corrosion inhibitors segment contributed to
the largest market share in 2019, accounting for more than
one-fifth of the global water treatment chemicals market, and is
projected to maintain its lead status during the forecast period.
This is attributed to the increase in demand to prevent corrosion
in various equipment from the oil & gas sector, chemical, pulp
& paper, and other industries. However, the scale inhibitors
& dispersants segment is estimated to manifest the highest CAGR
of 6.1% from 2020 to 2027. This is owing to the rise in demand for
scale inhibitors to decrease the concentration of scale-forming
compounds that accumulate in water and disposal wells, surface
equipment, and flow lines.
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Chemicals Market @
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The industrial segment held the lion's share in 2019-
Based on end-use industry, the industrial segment accounted for
the highest market share, contributing to more than three-fifths of
the global water treatment chemicals market in 2019, and is
expected to maintain its dominant share by 2027. This is attributed
to the increase in number of industries that utilize large amount
of water in manufacturing processes and rise in water usage.
However, the municipal & others segment is anticipated to grow
at the highest CAGR of 5.2% during the forecast period. This is
owing to growing demand for safe drinking water from the
residential and other municipal sector applications.
Asia-Pacific, followed by
North America, to lead the trail
by 2027-
Based on region, the Asia-Pacific, followed by North America, held the largest share of the
global water treatment chemicals market, contributing to nearly
two-fifths of the total share in 2019, and will continue its
leadership position during the forecast period. In addition, the
same region is anticipated to manifest the fastest CAGR of 5.4%
from 2020 to 2027. Rise in standards of water quality, strong
economic growth, environmental concerns, and infrastructure
development of water treatment facilities in the region drive the
growth of market in this region.
Leading players of the market-
- Akzo Nobel N.V.
- BASF SE
- Baker Hughes Company
- Kemira OYJ
- Ecolab Inc.
- SNF Floerger
- Lonza Group AG
- Suez SA
- Solenis LLC
- Dow Chemical Company.
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