The demand for water treatment chemicals and technologies is anticipated to rise significantly with the rise in acute water scarcity across the globe. Industrial effluents released into water bodies have resulted to the lack of potable water. The global water treatment chemicals and technology market is anticipated to expand at a CAGR of 3.8% during the period between 2013 and 2018. The overall market stood at a valuation of US$115.80 bn in 2012 and is projected to be worth US$149.89 bn by the end of 2018.
What are the key factors impacting the growth of the global water treatment chemicals market?
Depletion in fresh water reserves worldwide has led to increasing regulatory pressure for industrial and domestic wastewater effluent treatment. The growing demand for water treatment from the emerging economies facing rapid industrialization has significantly supported the growth of the global water treatment chemicals and technology market. The market is anticipated to expand further in the coming years with governments across nations launching new initiatives for cleaning rivers and restricting the release of untreated waste water.
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Which are the key product segments reaping benefits for the players in the global water treatment chemicals and technology market?
On the basis of chemicals, the global water treatment chemicals and technology market has been segmented into anti-foamants and defoamers, corrosion and scale inhibitors, biocides, coagulants and flocculants, activated carbon, and other chemicals. Corrosion and scale inhibitors drive the demand from the market. In terms of membrane systems, the market has been broadly categorized into electrodialysis, reverse osmosis, ultrafiltration, microfiltration, gas separation, and other systems. The market players are focusing on membrane systems as the demand for microfiltration and reverse osmosis is anticipated to surge in the near future.
Which are the key regions holding potential for the growth of the global water treatment chemicals and technology market?
Asia Pacific is one of the major regions holding immense opportunities for the growth of the global water treatment chemicals and technology market. The region is anticipated to register the fastest growth during the period between 2013 and 2018. The rapid growth of this region can be attributed to the increase in water pollution across the emerging economies such as India and China. Industrialization and urbanization have led to environmental pollution across these countries, thereby resulting to shortage of drinking water.
In India, wastewater from industries is released into river bodies such as the Ganges. The Indian government has launched an ambitious US$3 bn plan to rejuvenate the 2,500 kilometres long Ganges. This has created ample opportunities for the key players in the global water treatment chemicals and technology market. In China too, the government is stressing on water treatment with about 60% of underground water being unfit for human consumption.
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In 2011, North America was the leading market for water treatment chemicals. According to the U.S. Environmental Protection Agency, about 16.4 mn pounds of toxic chemicals were released by 280 federally regulated facilities in 2014. Stringent environmental regulations in the region are expected to aid the growth of the water treatment chemicals market.
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