Global wastewater treatment chemicals market share is forecast to grow with the rising trend for chemically treated water and implementation of stringent environmental legislations. Focus is gradually shifting towards the use of green chemicals to reduce or eliminate viruses, fungi, minerals and suspended solids from the water.
Wastewater treatment chemicals are widely used in oil & gas, chemical manufacturing, food & beverage and power generation. They produce wastewater that is required to be treated with water treatment chemicals such as coagulants and flocculants, biocides & disinfectants and defoaming agents. With a dip in freshwater resources, demand for wastewater chemicals will remain prominent globally. Wastewater treatment chemicals market share will grow with the implementation of strategies to keep up with the demand through water management. Also, there has been a rekindled interest in technologies that can recycle and preserve process wastewater.
Coagulants and flocculants segment will surge with rising footholds in oil and gas plants. Coagulants are added to eliminate 90% of the suspended solid particles from the wastewater at the treatment process. The chemical will profoundly be used in municipal and wastewater treatment as both organic and inorganic coagulants gain prominence across the end-use industries.
Organic coagulants such as polyamine are effective at eliminating suspended solids and produce small floc volume. They produce longer polymer chains that can improve microfloc formation without hydroxides and metals, auguring well for the wastewater treatment chemicals market outlook.
Based on application, desalination has emerged as a trendier portfolio for biocides, cleaners and scale inhibitors. It often involves the reuse of organic or inorganic wastewater and other membrane foulants. It is worth noting that desalination uses coagulants on a large scale. Increased focus on the desalination process will propel the wastewater treatment chemicals market share as it can turn the seawater into potable drinking water for the areas where there is a lack of access to clean water.
The industrial end-use segment is projected to be a major recipient of wastewater treatment chemicals. Several end-users such as oil and gas, chemical, mining and municipal will exhibit increased demand for water treatment. For instance, the oil and gas industry will profoundly seek wastewater treatment chemicals in the wake of soaring consumption in oil refineries activities. Chemical plants and petroleum refineries have exhibited demand for desalination processes, steam generators and cooling towers. With the rising consumption of wastewater in the industrial sector, industry growth will largely depend upon the demand from the oil and gas sector. The burgeoning population and rapid growth in the industry sector will lead to innovations and drive the industry outlook.
In terms of the regional landscape, North America will grow at a considerable rate. Soaring water scarcity in advanced economies such as the U.S. has compelled end-users to emphasize recycling and reuse of water. So much so that water treatment facilities have become immensely popular in the upstream oil and gas sector, boosting the demand for treatment chemicals.
According to a study, there are around 14,748 wastewater treatment facilities in the U.S., with capital investment projected to total $271 billion over the next two decades. A robust government approach will bode well for the industry forecast.
The competitive landscape indicates a fragmented nature of the wastewater treatment chemicals industry. Key players include BASF, AkzoNobel, The Dow Chemical Company, Kemira, GE water & process Technologies, Thermax, Hydrite Chemical, Lonza Group and Air Products & Chemicals, among others.
These companies will emphasize innovations and product launches and investments in R&D activities. Kemira inked a deal in January 2019 to involve in a Joint Venture with Yongsan Chemicals, a chemical company in South Korea. The agreement will help Kemira expand its presence in the APAC region and will focus on dry polyacrylamides.
Impact of COVID-19 on wastewater treatment chemicals market value
Following the onslaught of the coronavirus pandemic, the chemical market is combating supply chain disruptions, including lack of manpower, unavailability of raw materials and logistical restrictions. The industry is observing a massive disruption as companies have started shifting their business strategies. A notable decline in greenhouse gas emissions, stringent government regulations and robust vaccination drives will bode well for the wastewater treatment chemicals market revenue.
The pandemic has compelled the market players to rethink their business roadmaps. The focus is gradually shifting towards in-house raw material production and treatment chemicals from end-users, such as the oil and gas sector.