The report “Industrial Wastewater Treatment Chemicals Market by Type (Coagulants, Flocculants, Biocides & Disinfectants), End-Use Industry (Power Generation, Mining, Chemical) and Region (APAC, Europe, North America, MEA, South America) – Global Forecast to 2026″, is projected to grow from USD 12.8 Billion in 2021 to USD 16.6 Billion by 2026, at a CAGR of 5.3% during the forecast period. Stringent regulations concerning the emission and treatment of industrial wastes coupled with depleting freshwater resources are the factors that are driving the market. However, shifting demand for alternative and environment-friendly water treatment technologies is affecting the market growth. In addition, the growing industrialization and increasing demand for specific formulations are providing opportunities for the market players. However, chemical manufacturers are facing challenges because of the need for eco-friendly formulations. The increase in population and the industrial activities are driving the demand for clean and fresh water. The demand is also influenced by various factors such as water availability, its usage pattern, the presence of pollutants, the government policies, and trade-offs among various chemical compounds.
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- 294 Market data Tables
- 42 Figures
- 269 Pages and in-depth TOC on “Industrial Wastewater Treatment Chemicals Market – Global Forecast to 2026”
Some of the prominent key players are:
- BASF SE (Germany)
- Ecolab Inc. (US)
- Kemira Oyj (Finland)
- Suez SA (France)
- Veolia Group (France)
- Lonza Group Ltd. (Switzerland)
- Kurita Water Industries Ltd. (Japan)
- Thermax Limited (India)
- Baker Hughes Inc. (US)
- Akzo Nobel N.V. (Netherlands)
- Dow Inc. (US)
- SNF Floerger (France)
Driver: Stringent regulatory and sustainability mandates concerning the environment
Several regulatory bodies such as Environmental Protection Agency (EPA), CWA, SDWA, and other bodies has imposed regulation pertaining to industrial discharge and wastewater treatments. Owing to this regulation, the demand for wastewater treatment chemicals has increased significantly. The heightened regulatory and sustainability mandates have increased the demand for water purification and industrial wastewater treatment, providing opportunities for water treatment chemical manufacturers such as Kemira OYJ (Finland) and BWA Water Additives (UK). The Wastewater Effluent Regulations established under the Fisheries Act include minimum effluent quality standards that can be achieved through wastewater treatment. The increasing concerns regarding environmental safety and the rising awareness regarding the improved quality of drinking water are expected to increase the demand for industrial wastewater treatment chemicals during the forecast period.
By end-use industry, Food & beverage industry is the fastest growing segment in the Industrial wastewater treatment chemicals market.
The Food & beverage industry is estimated to register healthy CAGR growth during the forecast period. It requires large quality water for its processes, as it is directly related to public health. Water is required for various applications such as cleaning & washing of food items and in heat exchange processes. Industrial wastewater treatment chemicals are used to remove suspended solids, colloidal, organics, iron, and manganese from surface and groundwater. Recycled water is also increasingly preferred owing to increased environmental regulations and water scarcity. Various types of industrial wastewater treatment chemicals are used for activities carried out in boilers, coolers, and single & multiple effect evaporators, where there are possibilities of corrosion, scaling, fouling, and microbial contaminations.
Asia Pacific market expects to register highest CAGR during forecast period
APAC is the fastest-growing market. This is mainly attributed to significant growth of manufacturing sector, increasing FDI investment, shifting of manufacturing facilities toward ASEAN and India, growing stringency of regulation, and rising awareness pertaining to wastewater treatment, which support for the growth of the market. The developing economy such as China, India, Malaysia, and Indonesia, are projected to be a leading market for industrial wastewater treatment chemicals in the next five years. Growing demand from end-use segments such as municipal water treatment, power generation, chemicals, oil & gas, and mining industry supports for the growth of the industrial wastewater treatment chemicals market.
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