The market for chemicals used in water treatment was estimated at USD 38,854.90 million in 2021 and is projected to expand at a CAGR of 9.1% from 2022 to 2028. Growing demands from the sugar and ethanol, fertiliser, geothermal power production, petrochemical manufacturing, and refining industries, particularly in emerging economies, might be blamed for the growth.
Additionally, the Middle East and Africa are predicted to experience encouraging market expansion due to the expanding use of saline water treatment to meet the region’s rising water demand. The most common technology utilised throughout the Middle East is desalination. Saudi Arabia relies heavily on desalination to supply all of their water needs. Because so much water is used by industries like petrochemicals and oil and gas, the region has become one of the major consumers of industrial chemicals. Desalination, the most common procedure in the area, makes extensive use of coagulants, scale inhibitors, and biocides.
With a revenue share of over 35% in 2019, coagulants and flocculants became the most popular product category as the majority of treatment plants incorporate the sedimentation process. The tank of chemical products in oil and gas plants is where coagulation and flocculation are utilised most frequently. The sedimentation process is sped up by coagulation. Inorganic and organic substances like aluminium hydroxide chloride and aluminium sulphate are used as coagulants. To eliminate 90% of the suspended solid particles from the wastewater during the treatment process, coagulants are added.
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Due to substantial use of the chemicals for industrial and municipal wastewater treatment applications, municipal emerged as the largest end-use category in 2019 with a revenue share of over 40%. The major players have been forced to concentrate on water reuse and recycling due to the growing water scarcity in the industrialised economies of Europe and North America.
In 2019, North America had a market share of more than 25%. In North Dakota and West Texas regions of North America, technological advancement in hydraulic fracturing has led to increased production output of unconventional sources including shale gas and tight oil. As a result, water treatment facilities are now more prevalent in the upstream oil and gas sector, which is anticipated to have a significant positive impact on the market throughout the forecast period.
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- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of the Middle East & Africa