Wastewater Treatment Chemicals Market by Size, Share, Demand & Trends by 2032
The global wastewater treatment chemicals market is currently valued at US$ 32.4 Billion and is anticipated to expand at a CAGR of 3.6% to reach US$ 46.15 Billion by 2032-end. Rising focus on #wastewatertreatment to limit environmental degradation to drive market growth.
The demand for wastewater treatment chemicals is
majorly concentrated in municipal and industrial end-use due to the several
uses of #wastewatertreatmentchemicals in
petrochemical, oil & gas, #mining &
metals, food & beverage, pharmaceuticals, semiconductors, #thermoelectricpowerplants,
and other industries for treatment of water for various purposes including
manufacturing operations, cooling & heating systems, consumption, and
many more.
Stringent rules imposed by the government on
industries for the treatment of water and rising demand for a continuous supply
of fresh and treated water due to population growth are anticipated to drive
the demand for wastewater treatment chemicals. North America and East Asia are
expected to be leading consumers of wastewater treatment chemicals and are
expected to continue their dominance through the assessment period.
Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15845
Key Takeaways from the Market Study
- As
of 2022, the wastewater treatment chemicals market was valued at US$ 32.4 Billion
- From
2022 to 2032, the wastewater treatment chemicals industry is poised to
grow at a 3.6% CAGR
- By
2032, wastewater treatment chemicals are slated to reach a valuation of
US$ 46.15 Billion
- By
product, the polyaluminum chloride (PAC) segment is expected to dominate
the market.
- China
is poised to yield a CAGR of 2.5% with respect to wastewater treatment
chemicals in 2032
“Stringent rules imposed by the government
on industries for the treatment of water and rising demand for a continuous
supply of fresh and treated water to the rising population, are expected to
radically transform the wastewater treatment chemicals market in the coming
years,” comments an analyst at FMI.
Competitive Landscape
BASF, Nalco Water, An Ecolab Company, Kurita
Water Industries (Suzhou) Ltd., Ion Exchange, Thermax Limited, Carus, Hydrite, SNF Floerger de México, CINETICA QUIMICA,
Suez Water & Process Technologies and Buckman are some of the key companies
in the wastewater treatment chemicals market.
Companies operating in the market have been focusing
on innovations. There is an immense focus on offering more efficient solutions
depending upon evolving needs of end users. The global wastewater treatment
chemicals market is considered fairly fragmented due to the presence of a
numerous players. Besides this, collaborations have been a key strategy among
market players as they aim at expanding regional footprint as well as their
product portfolio.
Some of the recent development in the market are as
follows-
- In
November 2022- Kurita Water Industries Ltd. and Fracta Leap Inc. announced
the completion of the development and operational launch of a beta
version*1of their application for automating the design of water treatment
plant under their joint Meta-Aqua Project*2, which aims to achieve digital
transformation (DX) in the water treatment industry.
- In
November 2022, Vision Invest and ADQ signed an
agreement to acquire two hazardous industrial waste treatment plants
of the Al Ruways complex from ADNOC Refining. With an annual capacity of
nearly 70,000 tonnes, these plants currently treat most of ADNOC’s
industrial hazardous waste.
- In
October 2022- Ecolab, Inc., and Siemens announced a strategic partnership
that will help customers accelerate their progress toward sustainability
and productivity goals. Together, the companies are launching Climate
Intelligence, powered by ECOLAB3D™ and Siemens gPROMS, which is a new
innovative solution that allows customers to virtually model different
scenarios across their water and energy systems to identify opportunities
to conserve water and power while also lowering their greenhouse gas
emissions.
Key Segments Covered in the Wastewater
Treatment Chemicals Market Industry Survey
By Product:
- Aluminum
Sulfate (Alum)
- Polyaluminum
Chloride (PAC)
- Aluminum
Chlorohydrate (ACH)
- Sodium
Aluminate
- Ferric
Chloride
- Ferric
Sulfate
- Ferrous
Sulfate
- Ferrous
Chloride
By Application:
- Municipal
- Sewage
Treatment
- Garbage
Treatment
- Industrial
- Power
Generation
- Food
& Beverages
- Iron
& Steel
- Mining
- Agrochemicals
- Pulp
& Paper
- Oil
& Gas
- Pharmaceutical
- Chemical
- Others
By Region:
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East & Africa
Browse Full Reports: https://bit.ly/3UmXGCv
Comments
Post a Comment