Process chemicals for water treatment are the variety of
chemical products and compounds that are used for the processing of water and
water-based liquids in a variety of industries. The need for undergoing various
water treatment processes is because of the shortage of water resources and
water bodies giving rise to the need for recycling the water resources and
treating these water resources through appropriate processes so that they can
be utilized in different industrial operations. Global
process chemicals for water treatment market is expected to rise to an
estimated value of USD 10.55 billion by 2026, registering a substantial CAGR in
the forecast period of 2019-2026. Some of the leading key players profiled in
this study: Lenntech B.V.; The Water Treatment Products Company; Water
Treatment Products Ltd; ChemTreat, Inc.; Kemira; Thermax Global; Baker Hughes;
Solenis; Akzo Nobel N.V.; Kurita Water Industries Ltd.; AECI; Tramfloc, Inc.;
SNF Group; COVENTYA International; Arkema; NIPPON SHOKUBAI CO., LTD.; LANXESS;
Industrial Specialty Chemicals, Inc.; Sabo Industrial; The Lubrizol Corporation
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Market Drivers:
·
Strict regulations presented by various
authorities and governments regarding the contamination of water bodies is
expected to fuel the growth of the market
·
Growing concerns regarding shortage of water
bodies and water resources for various end-uses is expected to drive the market
growth
·
Growth of incidents of water-borne diseases is
also expected to foster the growth of this market
·
Surge of industrialization and urbanization in
various regions acts as a market driver
Market Restraints:
·
High financial costs associated with the water
treatment process for industries is expected to restrict the growth of the
market growth
·
Lack of infrastructure for wastewater treatment
and processes also restricts the market growth
Key Developments in
the Market:
·
In January 2019, Solenis and BASF SE announced
that they had completed the merger of BASF’s “Paper & Water Chemical
Business” with that of Solenis’ business operations. This combined business
operations will be handled by Solenis with enhanced capabilities to offer a
variety of industries with cost-effective and efficient solutions for pulp,
paper, chemicals, mining, power generation, oil & gas, municipal,
biorefining and other industries. BASF will hold forty-nine percent of share in
the combined business while Solenis will hold fifty-one percent
·
In February 2015, Kurita Water Industries Ltd.
announced that they had completed the acquisition of BK Guilini GmbH’s “Water
Solutions, Paper Solutions and Alumina Compounds” operations. This acquisition
has resulted in the establishment of an overseas subsidiary of Kurita Water
Industries Ltd. which will be situated in Ludwigshafen, Germany and will
operate under the name Kurita Europe APW GmbH. This acquisition will
immediately strengthen the presence of Kurita in this region while enhancing
the capabilities of manufacturing
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Segmentation: Global
Process Chemicals for Water Treatment Market
·
Global Process Chemicals for Water Treatment
Market By Type (Corrosion Inhibitor,
Dispersant, Scale Inhibitor, Fungicide, Coagulant, Flocculant, Cleaner,
Pre-Treatment Filming Agents, Anti-Foaming Agents, Decoloring Agents, Others)
·
Applications
(Sugar & Ethanol, Fertilizers, Geothermal Power Generation, Petrochemical
& Chemicals Manufacturing, Refining, Oil & Gas, Power Generation,
Others)
·
End-Use
Industry (Food & Beverages, Petrochemicals, Steel, Others)
·
Geography
(North America, Europe, Asia-Pacific, South America, Middle East and Africa) –
Industry Trends and Forecast to 2026
·
Competitive Analysis:
Global process chemicals for water treatment market is
highly fragmented and the major players have used various strategies such as
new product launches, expansions, agreements, joint ventures, partnerships,
acquisitions, and others to increase their footprints in this market. The
report includes market shares of process chemicals for water treatment market
for Global, Europe, North America, Asia-Pacific, South America and Middle East
& Africa.
Key Insights in the
report:
·
Complete and distinct analysis of the market
drivers and restraints
·
Key market players involved in this industry
·
Detailed analysis of the market segmentation
·
Competitive analysis of the key players involved
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