Market Trends of Water Treatment Chemicals Industry
Municipal End-user Industry to Dominate the Market
- Municipal wastewater drains from toilets, showers, sinks, bathrooms, washing machines, dishwashers, and liquid industrial waste. Municipal wastewater should be treated before it is released into the environment to avoid damaging it and spreading harmful diseases.
- Municipal water treatment processes are designed to remove or inactivate harmful contaminants from the water supply, such as bacteria, viruses, parasites, and chemical pollutants. This helps to prevent the spread of waterborne diseases and protects public health.
- Proper treatment of municipal water before discharge helps protect aquatic ecosystems. Removing pollutants and minimizing the release of harmful substances into rivers, lakes, and oceans reduces the negative impact on marine life, plants, and habitats.
- The United States is one of the highest water consumers in the world. Approximately 80% of the country's water and wastewater treatment industry is owned and managed publicly. However, the rural part of the country has significantly lower access to water treatment infrastructure and facilities than the urban areas.
- The United States is going through various developments, including the Stormwater Treatment Area 1 West Expansion project, which involves the construction of water treatment facilities on 2,509 hectares of land in Florida, the United States, with an investment of USD 170 million. Construction commenced in Q4 2021 and is expected to finish by Q3 2023. The project aims to remove excess phosphorus and other nutrients from water flowing into the refuge and other parts of the greater Everglades and improve water quality. It will also increase the treatment capacity of water quality facilities by 50%.
- Similarly, the water treatment industry is expected to register a healthy growth rate in Mexico. The country housed a large number of wastewater treatment plants. It has almost 2,477 municipal wastewater treatment plants, 2,639 wastewater treatment plants, 874 potable water treatment plants, and 435 desalination plants. Ongoing research in the country indicates the government to majorly focus on developing municipal wastewater treatment plants, mainly in the urban areas, which will likely promote the demand for water treatment chemicals.
- In Germany, the increasing water treatment activities, primarily in the northern region, boost the demand for water treatment chemicals. Environmental protection and human health are considered extremely important in Germany. This importance has led to efficient water and wastewater treatment methods, and nearly 100% of the wastewater in Germany is treated to meet the highest standards set by the European Union.
- Therefore, the demand for wastewater treatment will increase significantly in the upcoming forecast period.
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Asia-Pacific to Dominate the Market
- Asia-Pacific dominated the water treatment chemicals market, owing to the high demand from countries like China and Japan.
- The rapid economic growth and urbanization in China are likely to drive the growth of several industries, like municipal, chemical, food and beverages, oil and gas, and power generation, which, in turn, is likely to boost the demand for water treatment chemicals.
- In June 2022, an environmental protection company that focuses on water environment management, named China Everbright Water, secured the expansion and upgrading project of the ZhangdianEast Chemical Industry Park Industrial Wastewater Treatment in Zibo City, Shandong Province. This project will be operated on a BOT (Build-Operate-Transfer) model, with a designed daily industrial wastewater treatment capacity of around 5,000 cubic meters.
- According to International Trade Administration, China plans to build or renovate 80,000 km of sewage collection pipeline networks and increase sewage treatment capacity by 20 million cubic meters/day between 2021 and 2025.
- Similarly, In India, there has been an increase in chemical manufacturing plants. Additionally, the power generation sector in India is constantly evolving.
- In the Union Budget 2022, the Government of India announced a package of INR 60 lakh crore (USD 7,271.9 million) to provide drinkable water to every household, thus boosting the demand for water treatment in the country.
- In September 2022, the Municipal Corporation of Greater Mumbai awarded SEZ with a contract of EUR 700 million (1.06 million) to design, build, and operate (DBO) a wastewater treatment facility at Worli, Mumbai, with a capacity of 500 million liters per day (MLD) to serve a population of around 2.5 million.
- Hence, Asia-Pacific will likely dominate the market studied during the forecast period.
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