Water scarcity has had a devastating impact across
the world as the population growth continues unabated. According to UN data,
approx. 2/3rd of the global population is expected to be suffer some
form of water stress by 2050. Rapid urbanization and industrialization has
necessitated the uninterrupted supply of both potable and non-potable water.
There is immense need for water
treatment chemicals in
multiple sectors such as agriculture and industry. A widening demand-supply gap
requires the reuse and recycling of water proving massive opportunities for
stakeholders in the water treatment chemicals market.
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Target APAC Region as Millions of Rural
Inhabitants Lack Access to Potable Water
The APAC region led the water treatment
chemicals market on account of the huge populations of China, India, and ASEAN
still lacking access to potable water in rural areas. National governments have
prioritized the improvement of water supply and maintaining quality standards
and this should benefit the APAC water treatment chemicals market for the
foreseeable future. This is in stark contrast to Europe and North America that
have stringent regulations in place resulting in rising water treatment costs.
Focus on Coagulants for Maximum Profitability
in Water Treatment Chemicals Market
Coagulants and flocculants held a commanding
share of the water treatment chemicals market in 2018. Scale & corrosion
inhibitors are sought after and anticipated to grow robustly over the course of
the forecast period. Scale & corrosion chemicals stop scale formation,
protecting cooling systems from metallic corrosion. Biocide chemicals help
control microbial growth that can have dangerous implications for environmental
and human health. In addition, biocides are the preferred option for removing
bad tastes and odour from water.
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High Wastewater Discharge from Mining Industry
Mandates Water Treatment Chemicals
The textile, mining, oil & gas, and power
generation industries are all water-intensive with industry consuming roughly a
fifth of available freshwater. These industries generate large volumes of
wastewater that must be treated before discharge. Furthermore, the spike in
membrane use in the mining industry is likely to boost demand in the water
treatment chemicals market. Local municipalities also need water treatment
chemicals for drinking and wastewater generated through day-to-day activities.
Filtration Membranes Hold Key to Success in
Water Treatment Chemicals Market
There has been a sea change in the water
treatment chemicals market in the past decade as alternative treatment becomes
the norm with filtration membranes of particular note. Water treatment
chemicals find widespread application in filtration membrane systems to
eliminate chlorine from feedwater. Water treatment chemicals improve the
productivity and efficiency of filtration membranes while some increase their
lifespan. Some widely used treatment chemicals in the pre-treatment process
include defoamers, pH adjusters, and scale and corrosion inhibitors.
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EU Directive Compels Companies to Innovate in
Water Treatment Chemicals Market
In 2020, the EU implemented the Drinking Water
Directive that mandates safe water for human consumption across the European
Union and companies must comply to continue doing business across the continent.
This will impact their profitability and they are launching products that can
adhere to these guidelines with an emphasis on mining. In 2020, Genesys
released an anti-scalant custom designed for water treatment in mines. The
product can function at extreme pH levels and should give Genesys a major leg
up over rivals in the water treatment chemicals market.
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