Water Treatment Chemicals Market 2018: Industry Overview, Applications Analysis and Key Players -Solvay S.A., Baker Hughes Incorporated, Suez S.A, DowDuPont, Ecolab Inc

Global Water Treatment Chemicals market is expected to grow with a CAGR over 5% during the forecast period 2018-2025, owing to increasing demand from municipal and industrial wastewater treatment applications. 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. Thus, with the increasing demand from various industries along with municipalities the water treatment chemicals market will also grow at an escalating rate and will propel the global water treatment chemicals market over the forecast period.

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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.

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: Regional Analysis
• North America is the leading region and is growing with a CAGR of over 5%. The market is driven by various factors, such as the rising surface and groundwater pollution, stringent regulations to control produced and wastewater disposal, growing demand from power and industrial applications, and increasing demand from manufacturing and municipal sectors.
• Asia Pacific is the fastest growing region with an escalating CAGR of 6.4%. The market is rapidly growing owing to rising population, increasing urbanization and industrialization, growing investments in sewage treatment plants and river cleaning programs, and strict government policies on polluted water discharge by industries. Some of the other factors that would positively influence the country’s water and wastewater treatment chemicals market in the coming years include the growing textile industry, favorable government policies and rising preference for green technology chemicals.

Global Water Treatment Chemicals Market: Competitive Dynamics
The Global Water Treatment Chemicals market is dominated by a number of players, amongst them the major players are BASF SE, Solvay S.A., Baker Hughes Incorporated, Suez S.A, DowDuPont, Ecolab Inc., Huntsman International Llc., etc. Companies in this industry are following different strategies to strengthen their market position. For instance, In May 2018 BASF SE and Solenis joined forces and combined BASF’s paper wet-end and water chemical business along with Solenis. BASF holds 49% of the share of the combined entity which will be operating under the name of Solenis.

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