The demand for fresh and clean water is continuously increasing, due the increasing population and establishment of residence. Around 70% of earth is covered with water, however only ~1% is fresh water. Thus, it raises a need to recycle wastewater in order to meet the growing need, especially in water-stressed areas. 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 demand for water and wastewater treatment chemicals varies according to various geographical regions. The water and wastewater treatment chemicals market currently holds a prominent share in various countries of North America, Asia-Pacific (APAC), Europe, and RoW. Asia-Pacific is currently the largest revenue-generating region in the water and wastewater treatment chemicals market, accounting for 35.12% of the global market in 2018 in terms of value. China is the highest revenue generating country in Asia-Pacific, followed by Japan. Industrial advancements, extensive investments for dedicated R&D facilities, and rising end-user applications are some of the major drivers that are propelling the growth of the market in the region. Some of the companies such as Kemira, Kurita Water Industries Ltd, Ecolab have an extensive presence in the Asia-Pacific region.
The water and wastewater treatment chemicals market in Asia-Pacific is expected to grow at the highest CAGR of 6.14% in terms of value during the forecast period (2019-2029). This potential growth is supported by an extensive industrial base as well as encouraging government policies across the world. These nations are notable in terms of rapid growth of oil & gas and power end-user industries in the water and wastewater treatment chemicals market.
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.
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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.
The competitive landscape of the water and wastewater treatment chemicals market consists of different strategies undertaken by major water and wastewater treatment chemicals manufacturers such as Kemira, Kurita Water Industries Ltd, SUEZ, SOLENIS, and Ecolab. Some of the strategies adopted by water and wastewater treatment chemicals manufacturers are product launches, business expansion, mergers and acquisitions, partnerships, and collaborations. To increase their overall global footprint, water and wastewater treatment chemicals manufacturers are launching new range of products, expanding their businesses, and entering into strategic partnerships with different distributor networks and e-commerce portals to target a greater customer base.
