Industrial Wastewater Treatment Chemicals Market worth $16.6 billion by 2026, at a CAGR of 5.3%

The report Industrial Wastewater Treatment Chemicals Market by Type (Coagulants, Flocculants, Biocides & Disinfectants), End-Use Industry (Power Generation, Mining, Chemical) and Region (APAC, Europe, North America, MEA, South America) – Global Forecast to 2026″, is projected to grow from USD 12.8 Billion in 2021 to USD 16.6 Billion by 2026, at a CAGR of 5.3% during the forecast period. Stringent regulations concerning the emission and treatment of industrial wastes coupled with depleting freshwater resources are the factors that are driving the market.

 

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Some of the prominent key players are:

 

  • BASF SE (Germany)
  • Ecolab Inc. (US)
  • Kemira Oyj (Finland)
  • Suez SA (France)
  • Veolia Group (France)
  • Lonza Group Ltd. (Switzerland)
  • Kurita Water Industries Ltd. (Japan)
  • Thermax Limited (India)
  • Baker Hughes Inc. (US)
  • Akzo Nobel N.V. (Netherlands)
  • Dow Inc. (US)
  • SNF Floerger (France)

Opportunity: Adopting more sustainable approach through initiatives of reduce-recycle-reuse

 

These are referred to as the “three Rs” of sustainability—reduce, reuse, and recycle. The goal of the three Rs is to prevent wastage and conserve natural resources. The three Rs are referred to as:

  1. Reduce: To use fewer resources in the first place; resources are required to manufacture, transport, and dispose of products, so reduction minimizes the use of new resources.

  1. Reuse: A practice of using materials more than once instead of discarding them .

  1. Recycle: Involves converting waste materials into new products by physical and chemical processes; although recycling uses energy, it helps prevent old materials from entering the waste stream.

Water recycling is reusing treated wastewater for beneficial purposes such as agriculture and landscape irrigation, industrial processes, toilet flushing, and replenishing a groundwater basin (referred to as groundwater recharge). Water recycling offers resources and financial savings. Wastewater treatment can be tailored to meet the water quality requirements of a planned reuse. In any industry, water is a resource of critical importance. Thus, reusing the wastewater is of critical importance; these 3Rs will help any industry become more sustainable.

By Type, biocides & disinfectants account for the largest share of the Industrial wastewater treatment chemicals market

The use of biocides has considerably increased in various applications. Biocides are mainly used in drinking water treatment, sewage treatment, ship ballast treatment, and as anti-fouling agents. Disinfectants perform similar functions as biocides. These are chemicals used to kill microorganisms and also inhibit their growth in the water at a later stage of the purification process. Cooling tower is one of the major application areas of biocides in power plants, mining, and chemical plants. This is because cooling water systems provide a favorable environment for the growth of microorganisms. Biocides are used in all of these applications to control the growth of microorganisms and prevent operational failures. Moreover, the increasing environmental regulations have fueled the demand for biocides & disinfectants.

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North America accounted for the largest share in the global Industrial wastewater treatment chemicals market.

 

North America accounted for the largest share of the Industrial wastewater treatment chemicals market in 2020, followed by Europe and APAC.  North America have a large number of players who supply industrial wastewater treatment chemicals. Therefore, there exists intense competition in the industrial wastewater treatment chemicals market in this region. Some of the industrial wastewater treatment chemicals such as biocides and flocculants & coagulants have growth opportunities in the region. The US is the leading industrial wastewater treatment chemicals market. Growing environmental concerns, stringent Environmental Protection Agency (EPA) rules and regulations, federal laws such as Clean Water Act and Safe Drinking Water Act, and several states rules had supported for the growth of the industrial wastewater treatment chemicals in several end-use industries.

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