Wastewater Treatment Chemicals Market Analysis

Wastewater Treatment Chemicals Market Analysis

The wastewater treatment chemicals market for phosphorus removal application from polyaluminum chloride (PAC) segment is anticipated to exhibit over 10% CAGR from 2022-2030. Polyaluminum Chloride (PAC), also known as Aluminum Chloride Hydroxide is widely used across a spectrum of industrial processes, especially in the flocculation operations performed in the water treatment sector. Rapidly growing global population and prevalence of water shortage in high-populated regions will propel the demand for high basicity PAC. It is also used for the reduction of residual chemical content in tap water, indicating lucrative scope for the product use.
 

In terms of end-use, the wastewater treatment chemicals market for phosphorous removal application is classified into industrial and municipal. The industrial segment is further fragmented into iron & steel, mining, agrochemicals, power generation, food and beverage, chemical, oil & gas, pharmaceutical, and others. The mining segment is projected to generate more than USD 1 billion by 2030, owing to the growing need for wastewater treatment.
 

While water plays a key role in mineral processing and extracting of rich metals from ore, it also increases the risk of contamination of the water supply with minerals, and other substances. Without treatment, the mining sector is prone to generate tainted effluent that cannot be recycled or let out into the environment, due to the impact on public health. As a result, increasing contamination of groundwater driven by rapid industrialization will augment the chemical demand.
 

Europe wastewater treatment chemicals market for phosphorous removal application is projected to surpass USD 2.5 billion by 2030. Increasing construction activities, including both commercial and residential construction projects, offer lucrative scope for the industry players in the region. Several EU countries are implementing ambitious initiatives to spread awareness and enhance human health, and environmental protection. For instance, in April 2022, the European Commission launched the NEB LAB, a co-creation space catering to the New European Bauhaus community designed to offer beautiful, sustainable, and inclusive projects to improve living.