Research Nester published a report titled “Water Treatment Chemicals Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global water treatment chemicals market in terms of market segmentation by type, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global water treatment chemicals market is estimated to occupy a large amount of revenue by growing at a CAGR of ~5% during the forecast period, i.e., 2022 – 2030, owing to the rising demand for chemically treated water from various end user industries such as oil & gas, chemical manufacturing, and power. Along with this, growing adoption of saline water treatment to fulfil increasing water demand, surging urbanization, and decreasing number of freshwater resources are also expected to accelerate the growth of the market in the upcoming years.
The market is segmented by type and end user. Based on type, the coagulants & flocculants segment is anticipated to occupy the largest share during the forecast period on the back of the increasing use of these chemicals in the tank of chemical products of oil & gas plants. Additionally, by end user, the municipal segment is projected to grab the largest share over the forecast period attributing to the high use of chemicals to treat industrial and municipal wastewater, and growing water scarcity in various regions globally.
In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
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Geographically, the global water treatment chemicals market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab a notable share in the market during the forecast period attributing to the growing penetration of water treatment facilities in upstream oil & gas sector in the region. Moreover, the market in Asia Pacific is assessed to witness noteworthy growth and gather the largest share in the future owing to rapid urbanization, and rising requirement for pretreated water in industries in the region. The United Nations stated in one of its reports that the levels of urbanization in Asia were approximately 50 percent in 2018. It is estimated that India and China will be homes to 416 million and 55 million urban dwellers respectively by 2050.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Growing Demand for Chemically Treated Water from End Users Worldwide to Drive Market Growth
Freshwater resources only account for a small portion of total water resources worldwide, which makes it essential to recycle water for fulfilling the soaring demand. As a result, many industries are moving towards the use of chemically treated wastewater for industrial processes. This in turn is predicted to bolster the market growth significantly in the near future.
However, availability of alternative water treatment technologies is expected to operate as key restraint to the growth of the global water treatment chemicals market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global water treatment chemicals market which includes company profiling of BASF SE, Ecolab Inc., Solenis LLC, Akzo Nobel N.V., Kemira OYJ, The Dow Chemical Company, Snf Floerger, Solenis LLC, Suez S.A., Lonza Group, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global water treatment chemicals market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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