Wastewater Treatment Chemicals Market Size, Share & 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 wastewater treatment 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 wastewater treatment chemicals in petrochemical, oil & gas, mining
& metals, food & beverage, pharmaceuticals, semiconductors,
thermoelectric power plants, 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.
Request Sample “Wastewater Treatment
Chemicals” Industry analysis 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 SE, Nalco-Ecolab, Kurita Water Industries Ltd.,
Ion Exchange, Thermax, Carus Corporation, Hydrite Chemical, SNF Floerger,
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*1 of
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.
More Valuable Insights Available
FMI, in its new offering, presents an unbiased
analysis of wastewater treatment chemicals market, presenting historical demand
data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the
wastewater treatment chemicals Market Analysis Report by Product (Alum
[aluminum sulfate], Polyaluminum Chloride [PAC], Aluminum Chlorohydrate [ACH],
Sodium aluminate, Ferric chloride, Ferric sulfate, Ferrous sulfate, Ferrous
chloride), By Application (Municipal Corporation [Sewage Treatment, Garbage
Treatment], Industrial [Agrochemicals, Food & Beverage, Iron & Steel,
Mining, Power Generation, Pulp & Paper, Oil & Gas, Pharmaceutical, Chemical]),
By Region – Global Forecast 2022-2032
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope /
Limitations
3. Market Background
to be continued…!
Comments
Post a Comment