Pakistan Water Treatment Chemicals Market - Segmented by Product Type, End-user, Usage and Geography - Growth, Trends and Forecast (2018-2023)
The Pakistan water treatment chemicals market is expected to register a steady growth rate between 2018 - 2023. The demand for water treatment chemicals is driven by the growing demand for improved treatment methods and chemicals for water consumption, in domestic, power, and industrial applications.
Growing Population and Rapid Urbanization
Pakistan, once a water-surplus country, is now a water-deficit country. Water availability decreased from 1,299 m³ per capita in 1996-97 to 1,100 m³ per capita in 2006, and it is expected to be less than 700 m³ per capita by 2025. Pakistan owes its water deficiency to depleting ground and surface water resources, prevailing droughts, and the increase in consumption of fresh water from agriculture to more pressing domestic as well as industrial uses. Thus, making the availability of clean water more deficient. The rise in urbanization is expected to be steady, and reach 1.5 times the current population, in the next 10 years. This surge will act as a positive force to help propel the growth of the market in the region.
Electric Power Generation is the Leading End-user Industry
The power industry is one of the major consumers of water chemicals, due to the need for a large amount of water. Power industries often use seawater for cooling and are equipped with anti-corrosion heat exchange equipment. They predominantly recycle the water they use and return it to the source. In the case of water taken from dirty lakes, the returned water is cleaner than the intake water. In these industries, 99% of the water utilized is returned, and less than 1% of the water is wasted in evaporation. This market is expected to grow at a significant pace, due to the emergence of the manufacturing industry in the country, owing to cheaper labor and relaxed environmental norms.
Major Players: CWG Water Technology, Orient Energy Systems, RCB Chemicals and Services, R.O. Tack Water Technology, Ziko Chemicals Industries, and Wex Technologies, among others.
April 2017: The government of Pakistan announced the feasibility of setting up wastewater effluent treatment plants in Gwadar City, as a part of China-Pakistan Economic Corridor (CPEC) project.
January 2017: Industrialists of the economic hub in Pakistan called for setting up five combined effluent treatment plants, one each at the five industrial zones of Karachi – estimated to cost around PKR 13 billion, to be shared by the Sindh and federal governments, equally.
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Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
Which application and end-user industry is expected to dominate the market.
Identify the latest developments, market shares, and strategies employed by the major market players.
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