Industrial Water Treatment Chemicals Market drivers of growth analyzed in a new research report

06/apr/2021 12:36:38 Grand View Research Contatta l'autore

The global industrial water treatment chemicals market size is expected to reach USD 18.3 billion by 2025 at a 4.2% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rising demand for water desalination systems owing to scarcity of fresh water is a key factor driving industry growth.

In desalination plants, excess salts and other minerals are removed from water through membrane-based or thermal-based technologies, there by rendering it fit for industrial consumption. Reverse osmosis (RO) and distillation are methods used for seawater desalination, while electrodialysis and RO are used to desalt brackish water.

The industrial water treatment chemical industry is anticipated to benefit from high number of regulations established by regulatory authorities across Europe and North America. As consumers are highly price-sensitive regarding installation cost of wastewater treatment plants, companies are involved in offering discounts and price reductions in a bid to attract more consumers.

Furthermore, development of advanced technology products and solutions by major companies in the market is expected to boost market growth over the forecast period. Rising investments in R&D of new products in the region is also expected to drive the market over the next few years.

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Several countries in the Middle East are focusing on developing scalable infrastructure and efficient technologies to meet demand for potable water from the Gulf Sea and the Arabian Sea. Countries such as Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, and Oman use thermal-based technologies to desalinate water and manage water scarcity issues.

Further key findings from the report suggest:

·         Cooling & boilers dominated the global industrial water treatment chemical market by application with an overall volume share of over 56.0% in 2017

·         In terms of revenue, the effluent water treatment segment is projected to ascend at a CAGR of 4.4% over the forecast period

·         The water desalination segment in North America is expected to exhibit strong growth over the forecast period on account of variable and relatively warm climatic conditions, thereby stimulating interest in desalination and boosting demand for water resources

·         The industry is characterized by strategic alliances, product developments and innovation, equity investments in several other projects, and capital expansions by players

·         Some of the key companies in the industry are Kemira Oyj; BASF SE; Suez S.A.; Ecolab Incorporated; Cortec Corporation; BWA Water Additives; The Dow Chemical Company; Solvay S.A.; Buckman Laboratories International Inc.; and AkzoNobel N.V.

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