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Specialty Water Treatment Chemical Market, by Type

RA00141

Specialty Water Treatment Chemical Market, by Type (Anti-Foaming Agents, Biocides, Coagulants and Flocculants, Corrosion Inhibitors, Disinfectants, Others), End-Use Industry (Chemicals, Energy & Power, Industrial, Metallurgy, Municipal, Oil and Gas, Pulp & Paper, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

Global Specialty Water Treatment Chemical Market Overview 2026:

Water conservation plays a major role in any industry sector. Therefore, specialty chemicals are mainly used in the reduction of water use; also it reduces the costs of wastewater and effluent. Specialty water treatment chemicals mainly consist of green solvents, ethers, nanoparticles, and intermediates. A systematic approach to water management with the help of specialty water treatment chemicals helps industries in the reduction of operational costs and improves productivity. These chemicals are specifically formulated products for industrial applications such as construction, mining, food & beverage, metals, and many others.

Increasing water crisis across the globe is one of the key factors driving the global specialty water treatment Chemical Market

Massive rise in the demand for water mainly because of economic development, population growth, and changing consumption patterns is anticipated to drive the growth of specialty water treatment Chemical Market. As per the research conducted by World Resources Institute (WRI), global water demand has extensively increased by 600% over the past 100 years. In addition, it is estimated that global water demand will grow considerably in the next 20 years mainly in three sectors such as agriculture, industry, and domestic sectors. 
Furthermore, increasing awareness about water-borne diseases along with increasing health concerns are the driving factors which are expected to boost the growth of the global market.

High level of maintenance is projected to restrain the growth of the global specialty water treatment chemicals industry

The stringent standards for wastewater treatment are anticipated to restrain the growth of specialty water treatment Chemical Market, over the forecasted period. Also, the growing demand for skilled labor and a high level of maintenance processes associated with treatment chemicals is projected to restrain the growth of the global specialty water treatment Chemical Market.

Development of green chemicals for water treatment is projected to create enormous opportunities for the specialty water treatment chemicals industry

Enormously rising urbanization in developed and developing countries such as India, Malaysia, China, and Brazil will further generate a noteworthy revenue in the global market. In addition, as per current public concern on environmental issues, the consistent use of toxic reagents and solvents have increased to a point at which they have become unsustainable for the environment. Therefore, recently, green chemicals for water and wastewater treatment are becoming more popular across the globe. These chemicals help in the reduction and conservation of the use of water and associated non-renewable resources. Green chemicals also protect the ecosystems and biodiversity. Moreover, green technology is used to produce new oxygen scavengers, inhibitors, and neutralizers, which are further expected to create huge opportunities for specialty water treatment chemicals in the global market.

Specialty Water Treatment Chemical Market, by Type:

Corrosion Inhibitors segment has a significant market share, during the projected period

The corrosion inhibitors segment is leading in the global market, and it is anticipated to generate a noticeable revenue, during the projected period. The growing demand for corrosion inhibitors is major because of global water scarcity along with strict regulations against wastewater disposal in the industries. The main use of corrosion inhibitors is, it helps to decrease the rate of deterioration and rusting of water pipelines. In recent days, both organic compounds (based on amines) and inorganic compounds (mainly based on nitrites) are proposed across the globe.

Specialty Water Treatment Chemical Market, by End-Use Industry:

The energy and power end-use segment will register remarkable revenue by 2026

The municipal segment is anticipated to witness high growth, over the forecasted period. This is mainly because of rapidly growing urbanization along with the rise in population worldwide. For instance, in 1950, only around 30% of the world’s population lived in an urban region, but by 2018 the proportion of this urbanization grew up to 55%. Due to these factors, demand for quality water has also increased, which ultimately, helps to drive the growth of the global specialty water treatment Chemical Market. In addition, a rise in the number of projects being commissioned in multiple developing countries worldwide is also boosting the demand for water treatment chemicals in the municipal segment. The energy and power segment have the highest market share in the global market, during the projected period.

Specialty Water Treatment Chemical Market, by Region:

Asia-Pacific region will have huge opportunities for the top investors to grow over the coming years

Asia-Pacific is the fastest-growing region in the global market, and it is anticipated to grow at a healthy rate, during the forecasted period. The rapid growth in the middle-class population along with increasing industrialization in the sector of agriculture, food, cosmetics, are fueling the demand for specialty water treatment chemicals in this region. Moreover, the rise in the demand for power energy in countries such as China India and South-Korea is a significant factor for the healthy growth of specialty water treatment chemicals in the Asian market. Furthermore, multiple government policies and schemes to attract investments from top market players are also anticipated to propel the growth of the Asia-Pacific water treatment Chemical Market, over the projected period.
North America is the leading region in the global market, and it is anticipated to grow at a healthy rate, during the forecasted period. This is mainly because of stringent regulation leading to increased usage for proper wastewater disposal. Moreover, increasing shift towards green chemicals in the U.S and Canada is also expected to boost the growth of specialty water treatment chemicals in the North America region, during the forecasted period.

To explore more about Specialty Water Treatment Chemical Market, get in touch with our analysts here. 

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Key participants in the Global Specialty Water Treatment Chemical Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Key participants in the Global Specialty Water Treatment Chemical Market

Source: Research Dive Analysis

In particular, established companies prefer inorganic growth strategies to expand into local markets. Merger & acquisition and advanced product development are frequent strategies followed by market players. For instance, Suez and Solvay join forces in water treatment to develop Advanced Oxidation processes in China. Some of the significant specialty water treatment Chemical Market players include Akzo Nobel N.V., PPG Industries, Inc., SUEZ, LANXESS, Clariant, BASF SE, Buckman., Dow, Solvay., and Ecolab.
 

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

 2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Type

  • Anti-Foaming Agents
  • Biocides
  • Coagulants and Flocculants
  • Corrosion Inhibitors
  • Disinfectants
  • Others

  Segmentation by End-Use Industry

  • Chemicals
  • Energy and Power
  • Industrial
  • Metallurgy
  • Municipal
  • Oil and Gas
  • Pulp and Paper
  • Others

  Key Countries Covered

U.S., Canada, Germany, France, Spain,

Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

  • Akzo Nobel N.V.
  • PPG Industries, Inc.
  • SUEZ
  • LANXESS
  • Clariant
  • BASF SE
  • Buckman.
  • Dow
  • Solvay.
  • Ecolab

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. SUEZ, Ecolab and Dow are some of the key players in the global specialty water treatment Chemical Market.

A. The Asia-Pacific region possess great investment opportunities for the investors to witness the most promising growth in the future.

A. Technological advancements, product development, along with joint ventures are the key strategies opted by the operating companies in this market.

A. LANXESS, Clariant, and BASF SE companies are investing more in R&D activities for developing new products and technologies.

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