NEW YORK , Aug. 7, 2023 /PRNewswire/ -- The water and wastewater treatment chemicals (WWTCs) market size is expected to grow by USD 18,937.95 million from 2022 to 2027, progressing at a CAGR of 6.41% during the forecast period. Discover Environmental & Facilities Services industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!
The water and wastewater treatment chemicals (WWTCs) market covers the following areas: Waste Water Treatment
Water And Wastewater Treatment Chemicals (WWTCs) Market Sizing
Water And Wastewater Treatment Chemicals (WWTCs) Market Forecast
Water And Wastewater Treatment Chemicals (WWTCs) Market Analysis
The water and wastewater treatment chemicals (WWTCs) market is fragmented and the companies are deploying organic and inorganic growth strategies to compete in the market.
Accepta Ltd. - The key offerings of the company include water and wastewater treatment chemicals for commercial, industrial, and municipal applications.
Albemarle Corp. - The key offerings of the company include water and wastewater treatment chemicals such as Stabrom 909, Maxxis, and Stabrom Plus.
Arkema Group - The company offers water and wastewater treatment chemicals for treating industrial, agricultural, and domestic water.
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The market is segmented by type (coagulants and flocculants, corrosion and scale inhibitors, biocides and disinfectants, pH adjusters and softeners, and others), and application (municipality, power generation, pulp and paper, metal and mining, and oil and gas and others)
The coagulants and flocculants segment will contribute a major share of the market. Coagulants and flocculants are used in wastewater treatment processes such as solids removal, water clarification, lime softening, sludge thickening, and solids dewatering. In addition, drinking water demand, population growth, and rapid urbanization in developing countries are the key factors driving the growth of the segment. Hence, these factors are expected to drive segment growth during the forecast period.
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By geography, the market is segmented by APAC, North America , Europe , South America , and Middle East and Africa
APAC is estimated to contribute 45% to the growth by 2027. The region's growth is driven by increasing demand for clean water in a variety of sectors such as food and beverage, pharmaceutical, pulp and paper, and power generation industries. In addition, strict government regulations on water pollution are also driving market expansion. For example, the Indian government has launched many initiatives such as Swachh Bharat Abhiyan and Clean Ganga Mission. Hence, these government initiatives and strict regulations are expected to drive market growth in the region during the forecast period.
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The increasing demand for freshwater due to the rise in population is a key factor driving market growth. The main drivers of increased freshwater demand are global urbanization, population growth and continued economic expansion. In many urban areas, water systems are strained due to increasing urbanization. In addition, increasing water usage in domestic, agricultural, and industrial settings is also driving this demand. Hence, these factors are expected to drive market growth during the forecast period.
The use of green chemicals in water and wastewater treatments is a major trend in the market. Municipalities and power plants generate wastewater. This allows wastewater to be recycled and put to good use. Various processes include chlorination, neutralization, coagulation, ion exchange, and adsorption. Most of these treatments use oxidation methods to purify wastewater. Sand filters, jet aeration, purifiers, activated carbon filters, and reactive carbons are used in sewage treatment plants to treat water and wastewater in an eco-friendly or eco-friendly manner. Thus, these factors are expected to drive market growth during the forecast period.
The impact of untreated wastewater effluent on human beings and the environment is a significant challenge restricting market growth. Untreated wastewater discharges from water and wastewater treatment plants often deposit large amounts of organic matter and nutrients. This has a significant impact on the health of the environment in which it occurs. In addition, untreated wastewater often leads to an increase in viral, bacterial, and protozoan pathogens, which can lead to waterborne diseases such as giardiasis and gastroenteritis. Therefore, these factors are expected to restrict market growth during the forecast period.
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The packaged wastewater treatment market is estimated to grow at a CAGR of 9.13% between 2022 and 2027. The size of the market is forecast to increase by USD 12,172.02. This report extensively covers market segmentation by application (municipal and industrial), technology (extended aeration, SBR technology, MBBR technology, and MBR technology), and geography (North America , Europe , APAC, South America , and the Middle East and Africa ). Easy installation and customization are the key factors driving the global packaged wastewater treatment market growth.
The municipal water and wastewater treatment equipment market is expected to increase by USD 16.02 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.84%. This report extensively covers municipal water and wastewater treatment equipment market segmentation by application (wastewater treatment and water treatment) and geography (APAC, North America , Europe , Middle East and Africa , and South America ). One of the key factors driving the global municipal water and wastewater treatment equipment market growth is the growing demand for reclaimed water.
Water And Wastewater Treatment Chemicals (WWTCs) Market Scope
Accelerate at a CAGR of 6.41%
APAC, North America, Europe, South America, and Middle East and Africa
US, China, India, Japan, and the UK
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Accepta Ltd., Akzo Nobel NV, Albemarle Corp., Arkema Group, Buckman Laboratories lnternational Inc., Carus Group Inc., Chembond Chemicals Ltd., Cortec Corp., Danaher Corp., Dow Inc., Hydrite Chemical Co., Ion Exchange India Ltd., Kemira Oyj, Kurita Water Industries Ltd., Lonza Group Ltd., Solenis LLC, Solvay SA, SUEZ SA, Thermax Ltd., and Ecolab Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
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3.4 Market outlook: Forecast for 2022-2027
4.1 Global water and wastewater treatment chemicals market 2017 - 2021
6.3 Coagulants and flocculants - Market size and forecast 2022-2027
6.4 Corrosion and scale inhibitors - Market size and forecast 2022-2027
6.5 Biocides and disinfectants - Market size and forecast 2022-2027
6.6 pH adjusters and softeners - Market size and forecast 2022-2027
6.7 Others - Market size and forecast 2022-2027
7.3 Municipality - Market size and forecast 2022-2027
7.4 Power generation - Market size and forecast 2022-2027
7.5 Pulp and paper - Market size and forecast 2022-2027
7.6 Metal and mining - Market size and forecast 2022-2027
7.7 Oil and gas and others - Market size and forecast 2022-2027
9.3 APAC - Market size and forecast 2022-2027
9.4 North America - Market size and forecast 2022-2027
9.5 Europe - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 China - Market size and forecast 2022-2027
9.9 US - Market size and forecast 2022-2027
9.10 India - Market size and forecast 2022-2027
9.11 Japan - Market size and forecast 2022-2027
9.12 UK - Market size and forecast 2022-2027
10.3 Impact of drivers and challenges
13.3 Currency conversion rates for US$
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