Global drinking, wastewater treatment chemicals market to reach US$23.9 billion by 2015

Jan. 5, 2011
SAN JOSE, CA, Jan. 5, 2011 -- GIA announces the release of a comprehensive global report on Drinking and Wastewater Treatment Chemicals market, which is forecast to reach US$23.9 billion by 2015...

SAN JOSE, CA, Jan. 5, 2011 -- GIA announces the release of a comprehensive global report on Drinking and Wastewater Treatment Chemicals market. Global Drinking and Wastewater Treatment Chemicals market is forecast to reach US$23.9 billion by 2015. Increasing demand for potable and fresh water for agricultural and industrial purpose and spurt in environment protection initiatives are primary growth drivers for the global water treatment chemicals market. In addition, mushrooming world population, rapid industrialization and recycling/reuse of limited water resources are also expected to aid in speeding long-term growth prospects.

Use of water over the last three centuries witnessed a whopping 35-fold increase. Water is emerging as the 21st century's oil and sustainability is the core requirement. Dwindling water sources, growing industrialization, together with pollution, necessitate immediate and effective measures to tackle the problem. The water treatment market is driven by increasing demand for fresh or potable water from industrial and agricultural sectors. Growing population and industrial activities are constraining drinking water resources, which are declining at an alarming rate. Unregulated discharge of industrial and domestic contaminants increased the need for water treatment, as did health concerns that have come to the fore due to presence of various inorganic and organic materials in water sources. After a slowdown in 2009, industrial expansion would continue to advance, especially in the developing countries driven by their urge to become more industrialized. Hence, the demand for water treatment chemicals is also expected to increase. In developed countries, the major market driver is the need to conform to environmental regulations. European Union features one of the most stringent norms in drinking water quality and wastewater treatment standards. Desalination, odor control and metal separation are the segments expected to record double-digit growth. As the reuse and recycling of water continue to rise, the demand for biocides as a water treatment chemical to protect from bacterial fouling is also expected to increase.

The global water treatment market keeps pulsating, generating undeterred revenues for water treatment chemical, and as well as for equipment makers. Demand in matured regional markets, will be driven by equipment replacements, technology upgradation, and introduction of new and innovative products. Wide application of sophisticated membranes in desalination; development of easier-to-use products for recreational water treatment; and use of specialty chemicals in industrial water treatment, will further help the market score gains in the upcoming years, especially so in developed countries. The US continues to represent the key global market for both industrial, and as well municipal water treatment products. However, Asia flaunts the potential to drive future growth in the world market. The market for sustainable technologies in water as well as wastewater treatment is driven by new opportunities arising due to the global economic meltdown, mainly in areas such as energy efficiency, recycling, resource recovery, reuse, and wastage reduction. The sustainable technologies and services offered resilience against the global economic slowdown during 2009. With funds drying up for infrastructure projects relating to water and wastewater treatment, the focus is now shifting to technologies with a green tag that would benefit the water market. The market faces hurdles in the forms of inhibitive costs and inadequate funding. Sustainable solutions are expensive in nature, and not accessible to majority of the market players due to higher costs.

Several markets for water treatment chemicals across the globe are expected to witness muted growth largely due to the after effects of the global financial crisis. Demand for chemicals began to decline in the last quarter of 2008 amidst the onset of economic slowdown, and the trend continued through 2009 as well as in the first few months of 2010. However, the market is expected to get back on healthy growth track by 2012-13, backed by factors such as rising environmental protection initiatives, increasing industrialization, and growing population.

The North American market is the undisputed leader, as stated by the new market research report on Drinking and Wastewater Treatment Chemicals. The main growth drivers in the US market include rising environmental concerns and strict regulations at the national and state levels, pertaining to water borne organic content, suspended solids and contaminants. However in terms of highest growth prospects, Asia-Pacific is forecast to emerge as the clear winner, expanding at the fastest CAGR of about 3.9% through 2015. Factors contributing to growth in the region include poor public health amenities, food requirements to meet the ever-increasing population and accelerated demand for potable water. With respect to product segments, Corrosion- & Scale-Inhibiting Chemicals represents the largest market. However, in terms of growth, Biocides & Disinfecting Chemicals is projected to grow at the highest CAGR for the assessment period 2007-2015.

The market for Drinking & Wastewater Treatment Chemicals is highly fragmented in nature, and witnessed a spate of mergers, acquisitions and strategic collaborations in the last few years The market structure is broadly segregated into raw material suppliers, service providers and consulting and engineering firms. Key players profiled in the report include ALCAN Specialty Aluminas, Ashland Water Technologies, BASF SE, Buckman Laboratories International, Inc, BWA Water Additives UK Ltd, Calgon Carbon Corp., The Dow Chemical Company, E. I. du Pont de Nemours and Company, GE Water & Process Technologies, General Chemical Performance Products LLC, Kemira OYJ, Kurita Water Industries Ltd, Norit NV, Nalco Company, Organo Corp, Qemi International Inc., SNF S.A.S and Solvay SA.

The research report titled "Drinking and Wastewater Treatment Chemicals: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, industry structure, competitive scenario, product overview, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including The United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America by the following segments - Corrosion- & Scale-Inhibiting Chemicals, Coagulants & Flocculants, Biocides & Disinfecting Chemicals, Filter Media & Adsorbent Chemicals, Softeners & pH Adjustors, Fluoridation Agents, and Antifoaming Agents.

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