Growing Demand from Power and Industrial Applications
The highest use of water is for cooling in the thermal power generation. The electricity demand is estimated to grow by 75% globally in the coming few years. With a boom in the semi-conductor, food processing, fertilizers, and health markets, the demand for the industrial gases and chemicals is also increasing. The global chemical industry is expected to witness a CAGR of 5% until 2023. Thus, growth in the power sector coupled with increase in industrial applications act as drivers for the cooling water treatment chemicals market. However, this market faces certain drawbacks, such as hazardous nature of hydrazine, unawareness regarding chemical water treatment technologies, boiler water treatment, and cooling water treatment, which act as roadblocks to the growth of market.
Electric Power Generation Industry – The Fastest Growing Segment by Usage
With the consistent economic growth in the emerging economies, such as India and China, the demand and market growth in the power sector, manufacturing and industrial sectors is increasing, which, in turn, is boosting the demand for water treatment chemicals market. The power segment is projected to grow with the highest CAGR during the forecast period. Improved government policies, and the trend of water recycling and reuse to safeguard fresh water resources, are expected to play a key role for reduction in the consumption of fresh water resources in the energy production sector. The reduction, in turn, is expected to boost the water treatment chemicals market in electric power generation applications in the coming few years.
Asia-Pacific to Lead the Market
Asia-Pacific accounts for highest growth rate and is estimated to lead the market with the CAGR of 7.09% during the forecast period. The shifting focus towards the usage of green chemicals, along with the increasing adoption rate in Asia-Pacific and the Middle East is expected to offer numerous growth opportunities for the water chemicals treatment market. Many chemical manufacturing plants and the power generation sector in India is constantly evolving, which, in turn, increases the usage of water treatment chemicals. With “Make in India” campaign, many industries, such as paper, metal, oil & gas, mining, etc. are expected to grow, which will need water treatment chemicals in treating waste water, boiler water treatment, cooling water treatment, etc. further augmenting the demand water during the forecast period.
Notable Developments in Market
January 2018: Ecolab acquired Cascade Water Services, a privately held company based in New York
February 2017: Veolia designed and built water treatment plant in Dakar, Senegal.
Major Players: Kemira, Ecolab (Nalco), GE Corporation, Kurita, Solenis, Lonza Group and BASF SE, among others
Reasons to Purchase this Report
- To understand the impact of end-user applications on the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Countries expected to witness the fastest growth during the forecast period
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Policies and Regulations
4. Market Dynamics
4.1.1 Rising Ground and Surface Water Pollution
4.1.2 Stringent Regulations to Control Produced and Wastewater Disposal
4.1.3 Growing Demand from Power and Industrial Applications
4.1.4 Increasing Demand from Municipal and Manufacturing Sector
4.2.1 Hazardous Nature of Hydrazine
4.2.2 Dearth of Awareness Regarding Chemical Water Treatment Technologies
4.2.3 Dearth of Awareness Regarding Boiler Water Treatment
4.2.4 Dearth of Awareness Regarding Cooling Water Treatment
4.3.1 Increasing Adoption Rate in Asia-Pacific and Middle East & Africa
4.3.2 Shifting Focus towards the Usage of Green Chemicals
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product
5.1.3 Biocides & Disinfactants
5.1.4 Defoamers & Defoaming Agents
5.1.5 Ph Adjusters & Softeners
5.1.6 Corrosion Inhibitors
22.214.171.124 Steel Corrosion Inhibitors
126.96.36.199 Copper Corrosion Inhibitors
5.1.7 Scale Inhibitors
5.2 By End-user Industry
5.2.1 Electric Power Generation
5.2.2 Oil & Gas
5.2.3 Chemicals Manufacturing
5.2.4 Mining & Mineral Processing
5.2.6 Food & Beverages
5.2.7 Pulp & Paper
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.5 Rest Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.7 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis***
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.2 Akzo Nobel N.V.
8.3 Albemarle Corporation
8.4 American Water Chemicals, Inc.
8.5 Aquatech International Llc.
8.6 Avista Technologies, Inc.
8.7 BASF SE
8.8 Bwa Water Additives (Berwind Corporation)
8.9 Buckman Laboratories International, Inc. (Triwater Holdings Llc)
8.10 Chemtex Speciality Limited
8.11 Chemtrade Logistics Income Fund
8.12 Chemtura Corporation
8.13 Donau Chemie Ag
8.14 Dubois Chemicals
8.17 Feralco Ab
8.18 GE Corporation
8.19 Genesys International Corporation Ltd.
8.20 H2O Innovation Inc.
8.21 Helamin Technology Holding Group
8.22 Huntsman International Llc
8.23 Hydrite Chemical
8.24 Ion Exchange
8.25 Italmatch Chemicals S.P.A.
8.27 King Lee Technologies
8.28 Kurita Water Industries Ltd.
8.30 Reverse Osmosis Chemicals International
8.31 Snf Floerger (Snf Sas)
8.34 Suez Environnement (Degrémont Industry)
8.35 Thermax Global
8.37 Chemtreat (Danaher Corporation)
*List not exhaustive
**Subject to availability on public domain
- Akzo Nobel N.V.
- Albemarle Corporation
- American Water Chemicals Inc.
- Aquatech International Llc.
- Avista Technologies Inc.
- BASF SE
- Bwa Water Additives (Berwind Corporation)
- Buckman Laboratories International Inc. (Triwater Holdings Llc)
- Chemtex Speciality Limited
- Chemtrade Logistics Income Fund
- Chemtura Corporation
- Donau Chemie Ag
- Dubois Chemicals
- Feralco Ab
- GE Corporation
- Genesys International Corporation Ltd.
- H2O Innovation Inc.
- Helamin Technology Holding Group
- Huntsman International Llc
- Hydrite Chemical
- Ion Exchange
- Italmatch Chemicals S.P.A.
- King Lee Technologies
- Kurita Water Industries Ltd.
- Reverse Osmosis Chemicals International
- Snf Floerger (Snf Sas)
- Suez Environnement (Degrémont Industry)
- Thermax Global
- Chemtreat (Danaher Corporation)