Specialty Water Treatment Chemicals: Introduction
Rise in population and increase in industrialization across the globe are playing a crucial role in the global specialty water treatment chemicals market. Water treatment method have been changing consistently over the last few decades. Introduction of advanced and new technologies is boosting the market.
Key Drivers and Restraints of Global Specialty Water Treatment Chemicals Market
- Rapid growth in urbanization and increase in population are key factors boosting the specialty water treatment chemicals market across the globe. Rise in urbanization in developing and developed countries such as China, India, Mexico, Brazil, and Malaysia is creating lucrative opportunities for the market. Development of power, food beverages, oil gas, and refinery sectors is another factor driving the market. Growth in water treatment is likely to fuel the demand for specialty water treatment chemicals. Additionally, nanotechnology is an effective method for the treatment procedure. It requires less pressure to pass water through the filter.
- The need for clean water is increasing constantly due to rising awareness about water-borne diseases. Furthermore, increase in health concerns is one of the important factors likely to drive the market in the near future.
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Specialty Water Treatment Chemicals: Type Segment
- In terms of type, the global specialty water treatment chemicals market can be segmented into corrosion inhibitors, coagulants flocculants, disinfectants, biocides, anti-foaming agents, and others
- The corrosion inhibitors segment is expected to account for significant share of the global specialty water treatment chemicals market during the forecast period. It is anticipated to be followed by the coagulants flocculants segment.
- The disinfectants segment is likely to expand at a rapid pace during the forecast period, due to the expansion of water treatment plants around the globe
Specialty Water Treatment Chemicals: End-use Segment
- In terms of end-use, the global specialty water treatment chemicals market can be segmented into residential, chemicals, oil gas, energy power, pulp paper, metallurgy, and others
- The energy power segment is expected to account for significant share of the global specialty water treatment chemicals market during the forecast period. It is anticipated to be followed by the metallurgy segment.
- The residential segment is likely to expand at a rapid pace during the forecast period
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COVID-19 Impact on Specialty Water Treatment Chemicals Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- Manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the specialty water treatment chemicals market.
Key Manufacturers Operating in Global Specialty Water Treatment Chemicals Market
The global specialty water treatment chemicals market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global specialty water treatment chemicals market include:
- PPG Industries, Inc.
- Akzo Nobel N.V.
- Arch Chemicals, Inc.
- Clariant AG
- BASF Corp
- Chembond Chemicals Limited
- ECOLAB INC.
- Kemira Oyj
- Kurita Water Industries Ltd.
- LANXESS
- BWA WATER ADDITIVES
Global Specialty Water Treatment Chemicals Market: Research Scope
Global Specialty Water Treatment Chemicals Market, by Type
- Corrosion Inhibitors
- Coagulants Flocculants
- Disinfectants
- Biocides
- Anti-foaming Agents
- Others
Global Specialty Water Treatment Chemicals Market, by End-use
- Residential
- Chemicals
- Oil Gas
- Energy Power
- Pulp Paper
- Metallurgy
- Others
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Asia Pacific to Dominate Specialty Water Treatment Chemicals Market
- In terms of region, the global specialty water treatment chemicals market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East Africa
- Asia Pacific dominated the specialty water treatment chemicals market in 2020. This trend is anticipated to continue during the forecast period owing to the growth of the chemical industry. The specialty water treatment chemicals market in North America and Europe is anticipated to expand at a rapid pace in the near future.
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