The global water treatment chemicals and technology market were valued at USD 128.89 billion in 2014 and is expected to grow at a CAGR of 4.0%. Rising awareness towards imparting softness to hard water along with regulatory inclination towards reducing pollution for industrial and household applications is expected to favor growth.
Water treatment can be defined as a process of removing contaminants that are present in the water using either mechanical or chemical processes, to make it more suitable for use for numerous activities such as washing. The quantity and type of chemical used vary depending on the location as well as the quality of the water, which includes attributes such as hardness, Total Dissolved Solids (TDS), pH, and alkalinity.
Water treatment chemicals, pumps and separation membranes are used in downstream oil & gas sector. The prime intention of incorporating the water treatment is to reduce the utility cost as well as to make water available for captive production of electricity. In addition, these chemicals are used in the form of corrosion inhibitors, anti-foaming agents and biocides. As a result, incorporation of these chemicals reduces the maintenance cost incurred during refining operation.
Growing importance of flocculants for effluent treatment as surfactants in the mining industry is likely to have a positive impact over the forecast period. Technological advancements pertaining to the development of bio-based chemicals such as guar gum and gelatin in light of rising concerns regarding carbon emissions associated with the production and usage of synthetic products are expected to open new avenues for market development.
Rising production of shale gas and tight oil in the U.S. and Canada is expected to increase the availability of feedstock for raw material suppliers. Growing importance of oleochemicals as a source of manufacturing amines and other bio-based chemicals is expected to result in tremendous growth over the projected period.
The government of South Australia has passed the “Environment Protection Water Quality Policy 2003”, aiming at controlling the use of chemicals in mining and other industrial applications. This policy is expected to restrict the application of chemicals such as coagulants and biocides in the near future, hampering market growth in the region.
Pumping systems dominated the global market accounting for over 70% of the revenue share in 2014. The increasing use of pumping systems to reduce contamination along with alteration of properties such as softness and hardness is expected to remain a key driving force.
Chemicals generated revenues of USD 23.75 billion in 2014. Positive outlook towards the mining sector in China, Chile, Peru, and South Africa coupled with regulatory support to promote foreign investments is expected to increase the application of biocides and coagulants.
Membrane separation is expected to witness significant gains over the forecast period accounting for over 10% of global market revenue by 2022. Rising importance of membrane separation as filtration medium along with imparting catalyst properties is expected to result in significant gains in the near future
North America was the largest market generating revenue exceeding USD 35.00 billion in 2014. Growing support towards the incorporation of water treatment in domestic applications by environmental agencies including EPA is expected to drive growth.Implementation of National Infrastructure Plan (NIP) by the government of Mexico in 2014 will lead to high water consumption for construction applications. Discharge of large quantities of toxic chemicals in lakes and streams coupled with rising awareness to save the natural resource is expected to drive the industry.
Asia Pacific is expected to lead growth over the forecast period accounting for over 30% of global revenue by 2022. Expanding refining capacities in China and India in light of growing domestic demand coupled with easy availability of raw materials are expected to have a favourable impact on industry. High prevalence of oil & gas exploration and production facilities in the Middle East is expected to drive growth.
High manufacturing cost along with stagnant growth in automotive, construction and chemicals industries in Europe have forced manufacturers to establish their production facilities in Asia Pacific. As a result, stagnant industry growth in automotive, construction and chemicals industry in Europe is expected to reduce the application of water treatment over the forecast period.
GE Water and Process Technologies, Solvay SA, Buckman Laboratories International Inc., BWA Water Additives, BASF, Albemarle Corporation, ITT, and Flowserve Corporation dominated the industry with higher market share. The global industry was dominated by Ecolab, which accounted for 14.0% of total revenue share in 2014.
In May 2012, Flowserve Corp. commenced operations at its pump manufacturing facility located in Rio de Janeiro, Brazil. The 15,000-square meter plant will manufacture a range of Flowserve pumps, and offers a 6 MW test stand capacity and full parts, service, and training capabilities.
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