A paradigm shift is now required in water management all over the world not only to prevent the further damage to sensitive ecosystems but also for the effective management of wastewater. Water and wastewater treatment chemicals are playing an important role in providing clean water and preventing from various diseases.
The use of traditional water treatment methods is declining over time, owing to the rapid industrial development in various sectors. To meet the emerging demand for water management, major water industry players are emphasizing on developing innovative treatment products for local as well as the global sites. Zero liquids discharge technologies, resource recovery, and smart water solutions are certain innovations which are going to abruptly revolutionize the water treatment industry. The integration of emerging technologies with traditional water treatment infrastructures is expected to help various public and private stakeholders to further enhance their capabilities for effective wastewater treatment and recovery of waste energy resources.
Some of the key players in the global water and wastewater treatment chemicals market are Akzo Nobel N.V, Albemarle Corporation, SOLENIS, SUEZ, Ecolab, and Kurita Water Industries Ltd. The growing number of industries including power, oil & gas, food & beverage, and rising municipal sector is mainly fueling the water and wastewater treatment chemicals market.
A large share of water is used by households, services, and industries. The amount of water for personal use (drinking, cooking, and bathing) is relatively small as compared to other uses of water such as in food processing industries, oil & gas, and chemical processing. Besides, safe and readily available water is important for public health, as it is used for drinking, domestic use, food production, and other recreational purposes. Therefore, the preservation of water is essential.
Rising awareness among people, increasing population in developing economies, agricultural intensification, and climate change are some of the factors affecting the growth of water and wastewater treatment chemicals market, globally. Moreover, some industries, such as food, paper, chemicals, and refined petroleum, use large amounts of water. Industrial sectors consume a large quantity of water and produce wastewater during various processes. Thus, water treatment facilities are required at different levels. The raw water entering an industrial plant often needs treatment to meet quality specifications.
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The water and wastewater treatment chemicals market, in terms of application, is mainly categorized into municipal, power generation, oil & gas, paper & pulp, food & beverage, chemicals, and others. The municipal application in water & wastewater treatment chemicals market was the largest end-user segment in 2018. The demand for water and wastewater treatment chemicals is increasing in municipal sector due to the growing urbanization and technological advancements. Many municipalities are facing the issue of growing population, which is why they are opting for smart water management solutions.
The global water and wastewater treatment chemicals market is expected to grow at a significant rate during the forecast period (2019-2029). The increase in the number of end-user industries, including paper & pulp, municipal, power, is mainly increasing the demand for treated water. Moreover, with the increasing urbanization and economic development, the current water supply is unlikely to satisfy the ever-growing demands. Therefore, the aforementioned industries need to minimize the wastage of water and use water more efficiently by reusing. Hence, the chemical industry is using innovative ways for water management. The growing usage of water and wastewater treatment chemicals in pharmaceuticals, textiles, and mining is also fueling the market of water and wastewater treatment chemicals.
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