Water Treatment Chemicals Market Growth: Crucial in Times of Water Scarcity
Water scarcity and water stress are becoming increasingly critical issues worldwide, creating unprecedented opportunities for the global water treatment chemicals market. According to the United Nations, by 2050, an estimated 1.8 billion people are likely to reside in regions facing absolute water scarcity, with two-thirds of the global population potentially living under water-stressed conditions.
Alarming statistics, rapid urbanization, and growing industrial activities have driven water demand to levels that surpass the available supply. Consequently, a diverse range of water treatment chemicals has become indispensable to make water suitable for drinking, irrigation, and industrial use. Addressing the widening gap between supply and demand necessitates comprehensive solutions such as recycling, reuse, and advanced water treatment methods to combat water scarcity issues.
Biocides and Scale and Corrosion Inhibitors Gaining Prominence as Essential Water Treatment Solutions
Coagulants and flocculants currently dominate the water treatment chemicals market, accounting for more than one-third of total consumption in 2018. Biocides and scale & corrosion inhibitors are also increasingly sought-after treatment chemicals and are poised for significant revenue growth in the years to come. Scale & corrosion chemicals play a vital role in preventing or delaying scale formation, protecting cooling systems from metallic corrosion and scale buildup. Meanwhile, biocide chemicals are essential for controlling microbial growth, which can have detrimental effects on the environment and human health. They are also preferred chemicals for eliminating unpleasant odors and tastes from water.
Asia Pacific at the Helm of the Global Water Treatment Chemicals Market as Emerging Economies Industrialize
Asia Pacific led the way in terms of consumption in 2018. Many rural areas in countries such as China, India, and Southeast Asia still lack reliable access to quality water supply. Furthermore, rapid industrialization and urban population growth have led to a surge in demand for clean water in these nations. Governments across the Asia Pacific region are actively investing in improving water infrastructure and ensuring quality water supply, presenting abundant growth opportunities for the water treatment chemicals industry. In contrast, North America and Europe are expected to experience slower growth due to stringent environmental regulations governing dosage levels and rising treatment costs.
Oil & Gas, Power Generation, and Mining Industries Continue as Key End-users
Water-intensive industries including oil & gas, power generation, food & beverages, textiles, and mining are driving significant demand for water treatment chemicals. These industries are responsible for approximately 20% of total freshwater withdrawals and generate substantial amounts of wastewater that require treatment before discharge. The growing demand for energy and increased membrane usage in the mining industry are expected to drive the need for water treatment chemicals.
Municipalities also play a vital role in the use of water treatment chemicals, using them to treat drinking water and wastewater generated from daily activities. The increasing need for clean and high-quality water supply is a pivotal factor propelling the growth of water treatment chemicals in municipal and commercial sectors.
Rising Adoption of Water Treatment Equipment to Augment Chemical Market Growth
The water treatment industry has witnessed significant changes in the past decade, with a growing preference for alternative treatment methods. The use of filtration membranes is on the rise across all end-use industries, and water treatment chemicals are essential for pretreatment in these filtration membrane systems. These chemicals help remove free chlorine from feedwaters, enhance membrane efficiency and productivity, and prolong the life of membrane systems. Scale and corrosion inhibitors, pH adjusters, and defoamers are among the widely used chemicals in the pretreatment process. The increasing adoption of water treatment filtration and treatment equipment is expected to support the growth of the water treatment chemicals market.
Regulatory Pressure and Environmental Concerns Impacting Manufacturers’ Profitability
Water treatment chemical technologies are continuously evolving in response to mounting health and environmental concerns. Developed economies have implemented stringent regulations governing the treatment of both municipal and industrial wastewater. Authorities such as the European Union have established chemical parameters for water treatment and set rigorous standards for quality water supply.
In 2020, the EU adopted the revised Drinking Water Directive, designed to ensure safe and clean water for human consumption within all EU member states. As companies adapt to these regulatory changes, they are expected to face impacts on their profitability.
Companies in the water treatment chemical industry are launching new products tailored to meet the demands of extreme conditions, particularly in high-risk environments like the mining industry. In 2020, Genesys, a subsidiary of H2O Innovation Inc., introduced an anti-scalant and cleaner product specifically designed for water treatment in mining operations. This versatile product can operate under extreme pH levels, both acidic and alkaline, offering a significant advantage in the rapidly growing mining sector.
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