Process Chemicals for Water Treatment Market Sees Promising Growth| Lenntech B.V

Posted by Donald Rooney on September 27th, 2019

Process chemicals for water treatment are the variety of chemical products and compounds that are used for the processing of water and water-based liquids in a variety of industries. The need for undergoing various water treatment processes is because of the shortage of water resources and water bodies giving rise to the need for recycling the water resources and treating these water resources through appropriate processes so that they can be utilized in different industrial operations. Global process chemicals for water treatment market is expected to rise to an estimated value of USD 10.55 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. Some of the leading key players profiled in this study: Lenntech B.V.; The Water Treatment Products Company; Water Treatment Products Ltd; ChemTreat, Inc.; Kemira; Thermax Global; Baker Hughes; Solenis; Akzo Nobel N.V.; Kurita Water Industries Ltd.; AECI; Tramfloc, Inc.; SNF Group; COVENTYA International; Arkema; NIPPON SHOKUBAI CO., LTD.; LANXESS; Industrial Specialty Chemicals, Inc.; Sabo Industrial; The Lubrizol Corporation

Segmentation: Global Process Chemicals for Water Treatment Market

  • Global Process Chemicals for Water Treatment Market By Type (Corrosion Inhibitor, Dispersant, Scale Inhibitor, Fungicide, Coagulant, Flocculant, Cleaner, Pre-Treatment Filming Agents, Anti-Foaming Agents, Decoloring Agents, Others)
  • Applications (Sugar & Ethanol, Fertilizers, Geothermal Power Generation, Petrochemical & Chemicals Manufacturing, Refining, Oil & Gas, Power Generation, Others)
  • End-Use Industry (Food & Beverages, Petrochemicals, Steel, Others)
  • Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

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Key Developments in the Market:

  • In January 2019, Solenis and BASF SE announced that they had completed the merger of BASF’s “Paper & Water Chemical Business” with that of Solenis’ business operations. This combined business operations will be handled by Solenis with enhanced capabilities to offer a variety of industries with cost-effective and efficient solutions for pulp, paper, chemicals, mining, power generation, oil & gas, municipal, biorefining and other industries. BASF will hold forty-nine percent of share in the combined business while Solenis will hold fifty-one percent
  • In February 2015, Kurita Water Industries Ltd. announced that they had completed the acquisition of BK Guilini GmbH’s “Water Solutions, Paper Solutions and Alumina Compounds” operations. This acquisition has resulted in the establishment of an overseas subsidiary of Kurita Water Industries Ltd. which will be situated in Ludwigshafen, Germany and will operate under the name Kurita Europe APW GmbH. This acquisition will immediately strengthen the presence of Kurita in this region while enhancing the capabilities of manufacturing

Market Drivers:

  • Strict regulations presented by various authorities and governments regarding the contamination of water bodies is expected to fuel the growth of the market
  • Growing concerns regarding shortage of water bodies and water resources for various end-uses is expected to drive the market growth
  • Growth of incidents of water-borne diseases is also expected to foster the growth of this market
  • Surge of industrialization and urbanization in various regions acts as a market driver

Market Restraints:

  • High financial costs associated with the water treatment process for industries is expected to restrict the growth of the market growth
  • Lack of infrastructure for wastewater treatment and processes also restricts the market growth

Competitive Analysis:

Global process chemicals for water treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of process chemicals for water treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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Donald Rooney

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Donald Rooney
Joined: September 12th, 2019
Articles Posted: 87

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