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Wastewater treatment chemicals market size is estimated to be worth more than USD 35 billion by 2023: Global Market Insights Inc.

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Wastewater Treatment Chemicals Market size was valued at over USD 22 billion and is estimated to be worth more than USD 35 billion by 2023, growing at a CAGR of approximately 5.5%.

U.S. wastewater Treatment Chemicals market size accounted for more than 35% of the total volume in 2015. Asia Pacific was around 9 billion in 2015 and is expected to reach approximately 15 billion by 2023, with estimated gains of more than 7.5%. China and India are likely to fuel demand owing to high population density and industrialization growth.

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Key chemicals include coagulants & flocculants, corrosion & scale inhibitors, pH adjusters, biocides & disinfectants, chelating agents, softeners, and anti-foaming agents. Coagulants & flocculants market size was valued at over USD 8.5 billion in 2015 and accounted for more than 25% of the total volume. It is expected to reach around USD 15 billion by 2023, with estimated gains of 5%. Corrosion & scale inhibitors market is anticipated to witness significant growth due to optimum efficiency in maintaining correct water conditions, specifically for cooling systems. pH adjusters is likely to gain popularity owing to prevention capabilities pertaining to wastewater bacteria.

Increasing gap between water demand and supply coupled with government regulations towards water reuse and recycle projects is likely to drive growth. Growth in end-use industries such as pharmaceuticals, power, pulp & paper, dairy, food & beverages, oil & gas and refineries are likely to propel the wastewater treatment chemicals market size.

Water consumption is consistently increasing with rapid urbanization and economic development in emerging countries. Water quality relies on various parameters such as hardness, pH, TDS (Total Dissolved Solids), and alkalinity. Water treatment chemicals are used to eliminate water impurities. These chemicals are also used to treat municipal water including cleaning and drinking water. The industrial sector needs water for washing, cooling, and processing.

Shale gas exploration in North America and growing exploration in countries such as India and China is likely to boost growth. Sea water desalination industry is likely to create new opportunity for the wastewater treatment chemicals market. Desalination is expected to witness notable growth in regions such as Asia Pacific and Middle East due to water scarcity and growing industrialization.

Europe wastewater treatment chemicals market share is anticipated to grow at a significant rate due to increase in end-use industries such as pharmaceuticals, food & beverages and refineries. Middle East & Africa is expected to be an attractive wastewater treatment chemicals market owing to water scarcity, insufficient water structure, and outbreak of water-borne diseases such as cholera.

End-use industries include municipal and industrial segment. Industrial segment is bifurcated into textiles, power, oil & gas, semiconductors and pulp & paper. Oil & gas industry is likely to witness high growth owing to its large water consumption during exploration and processing. Demand from the agriculture industry is expected to increase owing to volatile climate and increasing water reusability & recycling trend.

As of 2015, there were more than 17,000 desalination plants globally. Chemicals are also used during pretreatment phase of sea water desalination, which is likely to propel treatment chemicals demand. High raw material costs such as zinc, molybdenum, lead, and chromium are anticipated to adversely affect wastewater treatment chemicals price trend.

Global wastewater treatment chemicals market share is comprised of Kemira, Kurita, BASF, Air Products & Chemicals, Nalco-Ecolab, AkzoNobel, BWA Water Additives, Ion Exchange, Thermax, Carus Corporation, Hydrite Chemical, The Dow Chemical Company, Lonza Group, and GE Water & Process Technologies.

Browse Wastewater Treatment Chemicals Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/wastewater-treatment-chemicals-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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This post first appeared on Your Industry News Blog | The Global Leader For Yo, please read the originial post: here

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Wastewater treatment chemicals market size is estimated to be worth more than USD 35 billion by 2023: Global Market Insights Inc.

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