How Stringent Government Regulations are Driving the Water Treatment Chemicals Market
Water Treatment Chemicals Market
20/6/2019 -- Across the world, rapid industrialization is resulting in heavy discharge of pollutants in water sources. To control water pollution, stringent government regulation have been implemented, which are one of the key drivers for the growth of the water treatment chemicals market. Increasing concern for waterborne diseases and growing adoption of the desalination process are also helping the domain grow. In 2017, the global market was valued at $44,718.3 million by P&S Intelligence, and it is predicted to reach $58,747.7 million by 2023, witnessing a CAGR of 4.7% during the forecast period (2018–2023).
Water treatment chemicals help in removing suspended solids, minerals, fungi, viruses, and algae. The water treatment chemicals market is segmented by type, application, and region. Specifically talking about the type segment, corrosion inhibitors, coagulants and flocculants, chelating agents, scale inhibitors, and biocides and disinfectants are some its categories. Among all, in 2017, coagulants and flocculants were the largest chemical type in the market, accounting for more than 30.0% revenue contribution.
Coagulants are substances that neutralize the electrical charges in water and bring together dissolved contaminants into larger particles, which can be easily removed via filtration or clarification. On the other side, flocculants are substances that make possible the clumping of particles, thereby helping in easy waste water treatment. Flocculants and Coagulants are used for solids removal, lime softening, water clarification, solid dewatering, and sludge thickening. Owing to their wide-ranging applications, these were demanded more than other chemical types, thus, positively pushing the growth of water treatment chemicals market.
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Currently, the flocculating method is widely preferred for water treatment process, wherein a clarifying agent enables the removal of suspended particles from water. However, new technologies are being introduced to enhance the efficiency of the chemical-based water treatment process. Recent research and development have resulted in the manufacture of new substances for water purification, such as zinc silicate sulfate flocculants and poly iron. These offer a faster sedimentation rate and strong flock density, which is why these are expected to support the growth of the water treatment chemicals market in the coming years.
Moreover, governments are also playing their part in driving the sector progress by implementing stringent regulations on companies discharging toxic pollutants into fresh water sources. Many countries are following a strict regulatory framework, which seeks to prohibit toxic waste discharge directly into water bodies and assures proper treatment. In addition to that, there are standards of drinking water, which have to be strictly followed by municipal bodies, in many nations. For instance, in the U.S., the Environmental Protection Agency has implemented a stringent water treatment regulatory framework, which is projected to boost the water treatment chemicals market.
Therefore, it is clear that the need to control water pollution and keep a check on waterborne diseases will continue to give the domain a bright future.
Source : P&S Intelligence