Vietnam Water Treatment Chemicals Market to be dominated by Coagulants & Flocculants through 2028

Initiatives taken by government to promote the use of water treatment chemicals are the major drivers for the Vietnam Water Treatment Chemicals Market.

According to TechSci Research report, “Vietnam Water Treatment Chemicals Market – By Region, Competition, Forecast and Opportunities, 2018-2028”, the Vietnam Water Treatment Chemicals Market stood at USD 280.51 Million and is anticipated to register a CAGR of 2.38% during the forecast period. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.

As Vietnam's agricultural sector progresses, there has been a significant increase in the demand for water treatment chemicals. These chemicals play a crucial role in promoting responsible water resource management and enhancing agricultural productivity. Vietnam's agriculture is heavily reliant on water resources, making water management a critical aspect of its food production. Water treatment chemicals are used to remove contaminants, suspended solids, and pathogens from irrigation water, preventing clogging of irrigation systems and protecting crops from potential diseases. Certain water treatment chemicals aid in improving soil structure, water retention, and nutrient availability, leading to enhanced crop growth and yield.

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Waterborne diseases can present a substantial threat to agricultural productivity. The use of water treatment chemicals aids in the management of pathogens in irrigation water, thereby mitigating the risk of disease transmission to crops. Chemical treatments can facilitate the efficient delivery of nutrients to crops, ensuring optimal growth and minimizing nutrient runoff, which can contribute to water pollution. Vietnam's rapid industrialization and urbanization have led to increased water pollution and the deterioration of water quality in many regions. To address this critical issue, the Vietnamese government has taken proactive measures to promote the use of water treatment chemicals as a driver of the country's Water Treatment Chemicals Market. To promote the uptake of water treatment solutions, the Vietnamese government has implemented a range of incentives and subsidies for industries and businesses investing in cutting-edge water treatment technologies. These incentives encompass tax incentives, grants, and financial assistance for the installation and operation of water treatment systems utilizing water treatment chemicals.

As a result of these initiatives, there has been a substantial surge in the demand for water treatment chemicals in the country. The government has focused on capacity building and training programs to enhance the skills and knowledge of professionals in the water treatment sector. These programs ensure that individuals involved in water treatment processes are well-equipped to handle the proper application of water treatment chemicals. The water treatment chemicals industry in Vietnam has been experiencing significant growth in recent years, driven in large part by collaborations and partnerships among key industry players. Collaborative efforts enable companies to optimize their resources by jointly investing in research and development, manufacturing, distribution, and marketing. This leads to cost savings and streamlined operations.

Moreover, partnerships can provide access to new markets and customer segments, allowing companies to expand their reach and capitalize on emerging opportunities. One recent collaboration based on water treatment chemicals in Vietnam involves a partnership between the Environmental Protection Agency (EPA) of the United States and Vietnam. This collaboration focuses on waste and wastewater management, as well as extended producer responsibility (EPR). Additionally, there is a collaboration between DNP Water and Grundfos to ensure high-quality water treatment and efficient drinking water distribution in Vietnam.

However, shortage of skilled workforce and high cost of advanced water treatment chemicals are expected to slow down the growth of the market in the coming years.

The Vietnam Water Treatment Chemicals Market segmentation is based on Type, Application, End User, By Company, and Region

In 2022, the Coagulants & Flocculants segment emerged as the dominant player in the water treatment chemicals market, with expectations of continued growth in the foreseeable future. Coagulants and flocculants are versatile chemicals widely employed in the treatment of various water sources, including industrial wastewater, municipal sewage, surface water, and groundwater. Their versatility allows them to meet the diverse requirements of sectors such as manufacturing, agriculture, and municipal water supply. While these chemicals have been longstanding fixtures in water treatment, ongoing research and development efforts have yielded enhanced products with superior performance attributes. These advancements ensure the continued relevance and effectiveness of coagulants and flocculants in modern water treatment applications.

The Central region has emerged as the frontrunner in the Vietnam Water Treatment Chemicals Market, driven by its response to fluctuating water scarcity levels, particularly during specific seasons. Heightened awareness of water availability challenges has underscored the importance of efficient water management and treatment practices. Water treatment chemicals play a pivotal role in optimizing water utilization and minimizing wastage through effective treatment and recycling processes. Additionally, governmental policies and initiatives aimed at environmental protection and sustainable development have spurred increased focus on wastewater treatment and management. The Central region's proactive adoption of these policies has led to a growing demand for water treatment chemicals to ensure regulatory compliance and address environmental concerns.

Some of the major companies operating in the Vietnam Water Treatment Chemicals Market include:

• Ecolab Vietnam Co. Ltd.
• Solenis Vietnam Company Limited
• BASF Vietnam Co. Ltd.
• Kemira OYJ
• AkzoNobel Coatings Vietnam
• Baker Hughes Co., Ltd.
• Dow company Vietnam
• VATECH JSC
• Camix Company Limited
• Suez Water Technologies & Solutions Vietnam

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“Certain regions, particularly the Central Vietnam, are projected to exert significant demand for water treatment chemicals in Vietnam. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their water treatment chemicals productivity each year, are expected to contribute to a remarkable growth of the Vietnam Water Treatment Chemicals Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

Vietnam Water Treatment Chemicals Market By Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents, Anti-Foaming Agents, Ph Adjusters & Stabilizers, and Others), By Application (Water Desalination, Raw Water Treatment, Boiler Water Treatment, Cooling Water Treatment, Others), By End-User (Municipal, Power, Oil & Gas, Mining, Chemical, Food & Beverage, Pulp & Paper and Others), By Region, Competition, Forecast and Opportunities, 2018-2028 has evaluated the future growth potential of Vietnam Water Treatment Chemicals Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam Water Treatment Chemicals Market.

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