Water and Wastewater Treatment Chemicals Market by Type, Application, and Geography - Forecast and Analysis 2020-2024

 

Water and Wastewater Treatment Chemicals Market will register a CAGR of % during 2020-2024. The market’s growth momentum will Accelerate.

demand for fresh water due to rise in population will be one of the major factors driving the growth of this market. Additionally, key Water and Wastewater Treatment Chemicals Market trends such as the scarcity of water leading to increasing use of WWTCs will also influence market growth during the forecast period.

Water and Wastewater Treatment Chemicals Market Size

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During the forecast period, the Water and Wastewater Treatment Chemicals Market size will grow by USD 16.74 bn.

Water and Wastewater Treatment Chemicals Market : Vendors

The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Water and Wastewater Treatment Chemicals Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the  will also challenge the growth of the companies.

Accepta Ltd. | Akzo Nobel NV | Arkema SA | Chembond Chemicals Ltd. | Danaher Corp. | Ecolab Inc. | Kemira Oyj | Kurita Water Industries Ltd. | SUEZ SA | Thermax Ltd..list

are some of the companies covered in Technavio’s Water and Wastewater Treatment Chemicals Market report for 2020-2024.

Water and Wastewater Treatment Chemicals Market : Region-level Analysis

The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Water and Wastewater Treatment Chemicals Market.

The APAC will account for the largest Water and Wastewater Treatment Chemicals Market share and during 2020-2024, the region will contribute to 46% of the market’s growth.

In addition to regions and the key companies involved, Technavio’s Water and Wastewater Treatment Chemicals Market report also analyzes the market by Coagulants and flocculants | corrosion and scale inhibitors | biocides and disinfectants | pH adjusters and softeners | others | APAC | Europe | North America | MEA | South America | municipality | power generation | pulp and paper | metal and mining | others.comma

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Water and Wastewater Treatment Chemicals Market - Trends and Forecasts 2020

 

The global water and wastewater treatment chemicals (WWTC) market is expected to grow at a CAGR of almost 7% through 2021

This research report titled ‘Global WWTC Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

The global WWTCs market is expected to grow steadily at a high rate during the forecast period. The growth of the WWTCs is because of the presence of emerging markets such as China, India, Brazil, and Indonesia where the market is expected to grow with their developing industrial and municipal water treatment networks.

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Technavio’s analysts categorize the global WWTC market into five major segments by type. They are:

·         Coagulants and flocculants

·         Corrosion and scale inhibitors

·         Biocides and disinfectants

·         pH adjusters and softeners

·         Others

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The top three segments of the global WWTC market are discussed below:

Global WWTCs market by coagulants and flocculants

Coagulants and flocculants are used in effluent water treatment processes for solids removal, water clarification, lime softening, sludge thickening, and solid dewatering. Coagulation and flocculation are two processes, which are used to separate these impurities. Coagulation forces the particles to stick together.

Global WWTCs market by corrosion and scale inhibitors

Scale inhibitors are chemicals, which when added to water reduce and prevent the formation of scales. Corrosion inhibitors are chemicals that help in decreasing the corrosion rates of the substrate, typically an alloy or metal. These are applied mostly to industrial applications such as oil and gas, pulp and paper, power generation, and metal and mining.

“Corrosion prevention and scale removal costs are high for industries such as oil and gas, building construction, manufacturing, and transportation. They can cause damage to the facilities, which consist of heavy and expensive equipment,” says Hitesh.

Global WWTCs market by biocides and disinfectants

Biocides and disinfectants are chemical or physical agents that are capable of destroying most of the exposed microorganisms present in water. Most of the biocides also function as antifouling agents. Biocides and disinfectants are used in formulating a broad range of domestic and industrial products.

The global WWTCs market for biocides and disinfectant is expected to grow at a high rate during the forecast period due to the growth in industrialization and wastewater treatment sectors. The rising awareness of cleanliness in developed countries such as the US and the increasing demand from emerging countries, especially India, China, and Brazil, have contributed to the rapid market growth for biocides and disinfectants.