Global Waste Water Treatment Chemicals Market - Segmented by Application and Geography - Growth, Trends and Forecasts (2018 - 2023)
The waste water treatment chemicals market is estimated to register a CAGR of 5.2% during the forecast period 2018 - 2023. Asia Pacific to lead the market accounting for the larger share of the market supported by the growing manufacturing and power generation industry in the region. Coagulants and flocculants are to lead the market by application during the forecast period.
Stringent Regulations to Control Wastewater Disposal
Pollution can severely contaminate water to the extent that it will no longer be usable without intense clean-ups. To solve this problem, governments around the world are imposing strict rules on industries as a bid to protect the environment. In the United States, plant personnel is forced to comply with tighter National Pollutant Discharge Elimination System (NPDES) guidelines for cooling water systems, as per the Environmental Protection Agency (EPA) and individual state regulators mission, to deal with wastewater issues. In Europe, the guidelines for cooling water treatment and wastewater issues are given by REACH. The guidelines have been tightened, which forces companies and plant officials to ensure correct water treatment systems.
Coagulants and Flocculants to Lead the Market
Coagulation and flocculation are the well-known processes in the wastewater treatment used for treatment of water containing colloids (suspended particles) and metal ions. Flocculants are used in various water treatment processes in numerous industries, such as chemical processing, food & beverage, oil & gas, and power generation, among others. Municipal water treatment forms the largest market for flocculants. Following the market trends of flocculants, Asia-Pacific occupies the largest market share in the global market, and is among the fastest growing market segment.
Asia Pacific to Lead among Other Regions
In Asia-Pacific, there are fewer stringent regulations with regard to the produced and wastewater disposal. The governments are taking serious steps to tackle the disposal of wastewater. Countries, such as Japan, Singapore, South Korea, and Australia, are investing in the water treatment, owing to strict environment laws. For instance, the South Korean Toxic Chemical Control Act provides momentum to the water treatment market. These laws are expected to drive the market for water treatment chemicals market in the region.
October 2017: SUEZ finalized the acquisition of GE Water & Process Technologies and set up a business unit Water Technologies & Solutions
March 2017: China inaugurated its first facility that uses electron beams to treat industrial wastewater, introducing a new era for radiation technology
Major Players: Berwind (BWA Water Additives), Ecolab Inc.(Nalco), Suez Environment, Kurita Water Industries Ltd., Veolia Water Solutions, and Technologies,among others.
Reasons to Purchase this Report
To understand the impact of increasing stringent regulations on the market
Analyze various perspectives of the market with the help of Porter’s five forces analysis
To understand the trends in the industries related to the applications
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
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