Forecast Period
|
2024-2028
|
Market Size (2022)
|
USD 1760.38 million
|
CAGR (2023-2028)
|
6.39%
|
Fastest Growing Segment
|
Coagulants &
Flocculants
|
Largest Market
|
West India
|
Market Overview
India Water Treatment Chemicals Market has valued
at USD 1760.38 million in 2022 and is anticipated to project robust growth in
the forecast period with a CAGR of 6.39% through 2028. India Water Treatment
Chemicals Market is anticipated to grow significantly rate in the projected
period of 2028 which is driven by the increasing demand from oil & gas
industry. In 2021, the volume of crude oil production in India amounted to
about 27.67 million metric tons. India Water Treatment Chemicals Market is
expected to expand during the projected period due to increasing demand from
oil & gas industry as this sector faces various challenges related to water
management, including the need for efficient water treatment solutions which
help in increasingly adopting water conservation and reuse practices to
minimize freshwater consumption. India Water Treatment Chemicals Market is a
dynamic and competitive sector that offers opportunities for growth and
innovation. The market players are focusing on expanding their product
portfolio, enhancing their quality standards, improving their distribution
network, and increasing their market share. For instance, in 2022, water
treatment solutions provider Daiki Axis Japan announce that it plans to set up
its third plant in the country in the southern region. Along with this, merger,
and acquisition activity in the Water Treatment Chemicals Market enhances
companies' presence in the region as these acquisitions help companies to
better serve their customers and meet the growing demand for Water Treatment
Chemicals in India in the projected year.
Key Market Drivers
Rising Demand from the Power Industry
The power industry plays an important role in
India. Power plants, especially thermal power plants, require large quantities
of water for cooling purposes. Cooling water is used to maintain optimal operating
temperatures for power generation equipment, such as boilers and turbines. To
prevent scaling, corrosion, and microbial growth within the cooling water
system, water treatment chemicals like scale inhibitors, corrosion inhibitors,
and biocides are used. The demand for water treatment chemicals in the power
industry is driven by the need to maintain efficient and reliable cooling water
systems, minimizing downtime, and maximizing power generation capacity.
Similarly, steam generation is a vital process in power plants, and it requires
high-quality boiler feedwater. The treatment of boiler feedwater is essential
to prevent scaling, corrosion, and fouling in boilers, which can reduce their
efficiency and lifespan. Water treatment chemicals, such as oxygen scavengers,
pH adjusters, and antiscalant, are employed to optimize boiler water quality
and ensure efficient steam generation.
The increasing number of power plants in
India and the focus on enhancing operational efficiency drive the demand for
water treatment chemicals for boiler water treatment. In addition, the power
industry is subject to strict environmental regulations aimed at minimizing its
impact on water resources. Power plants are required to comply with water
quality standards and ensure the proper treatment of wastewater before
discharge.
Water treatment chemicals are utilized to treat power plant
wastewater, removing contaminants and pollutants to meet regulatory
requirements. The need to adhere to environmental regulations and minimize the
industry's ecological footprint contributes to the rising demand for water
treatment chemicals in the power sector. Along with this, water scarcity is a
significant concern in India, necessitating the adoption of sustainable water
management practices in the power industry.
To address water scarcity
challenges, power plants are increasingly focusing on water conservation, water
reuse, and recycling. Water treatment chemicals play a crucial role in treating
and purifying wastewater for reuse in power plant processes, reducing
freshwater consumption and minimizing the strain on water resources. The
emphasis on sustainable water management practices drives the demand for water
treatment chemicals in the power sector. For instance, Ion Exchange (India)
Limited produced series of an ion exchange resins by the name of INDION that
are used for water treatment & specialty applications in nuclear power
plant. Therefore, increasing demand of water treatment chemicals in the power
industry led to the growth of India Water Treatment Chemicals Market in the
upcoming years.
Growing Demand of Water Treatment Chemicals in the
Municipal Sector
As urbanization and industrialization continue to
accelerate, the demand for water treatment chemicals in the municipal sector
has witnessed significant growth. Water treatment chemicals are essential in
municipal water treatment plants to ensure the removal of impurities,
disinfection of water, and maintenance of optimal water quality standards. The
growing urban population directly correlates with the rising demand for water
treatment chemicals in the municipal industry. Many municipalities in India are
grappling with aging water supply infrastructure, leading to challenges in
maintaining water quality.
Aging pipelines and storage tanks are prone to
corrosion, which can introduce impurities and contaminants into the water
supply. Water treatment chemicals, including corrosion inhibitors, play a
crucial role in mitigating corrosion-related issues, preserving water quality,
and ensuring the delivery of safe drinking water to citizens. Moreover, Indian
government has played a crucial role in supporting the growth of the Water
Treatment Chemicals market by implementing favorable policies and regulations.
Initiatives such as the ". Swachh Bharat Mission and Atal Mission for
Rejuvenation and Urban Transformation (AMRUT)” are two significant government
programs aimed at improving water supply and sanitation infrastructure in urban
areas.
For instance, AMRUT 2.0 is a step
towards Aatma Nirbhar Bharat by Indian government with aim of making the cities
'water secure' and providing functional water by effecting water source
conservation, rejuvenation of water bodies and wells, recycle/ reuse of treated
water, and rainwater harvesting by involving community at large. Furthermore,
waterborne diseases pose a significant public health threat in India,
particularly in densely populated urban areas. Contaminated water can harbor
harmful microorganisms, bacteria, and viruses that cause diseases such as
cholera, typhoid, and dysentery. To prevent waterborne diseases and protect
public health, municipal water treatment facilities rely on water treatment
chemicals, including disinfectants and biocides, to eliminate or neutralize
pathogens present in the water supply. The increasing emphasis on preventing
waterborne diseases fuels the demand for water treatment chemicals in the municipal
sector. Hence, the increased use of water treatment chemicals in the treatment
of municipal wastewater fueling the India Water Treatment Chemicals Market
growth in the projected period.
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Key Market Challenges
Cost Considerations and Affordability
India's economic diversity presents a unique
challenge in the water treatment chemicals market. The nation's economy
comprises a mix of high-income urban centers and lower-income rural areas.
Ensuring access to affordable water treatment solutions that cater to a wide
range of economic conditions poses a significant challenge. Effective water
treatment often requires substantial infrastructure investments, including
equipment, facilities, and skilled personnel. However, many municipalities and
industries, particularly in less developed regions, struggle with limited
budgets for water treatment infrastructure. The cost of raw materials used in
water treatment chemicals production can be volatile, impacting the
affordability of the end products. Fluctuations in the prices of chemicals,
minerals, and other raw materials can lead to unpredictable cost variations. Energy
costs are a significant component of water treatment operations, especially in
processes like filtration, disinfection, and desalination. Fluctuating energy
prices can impact the overall cost-effectiveness of water treatment solutions.
Regulatory Compliance and Standards
The water treatment chemicals industry in India
operates within a comprehensive regulatory framework that involves multiple
regulatory bodies, including the Central Pollution Control Board (CPCB) and
various state pollution control boards. Navigating through a complex web of
regulations, permits, and approvals can pose challenges for manufacturers and
suppliers. Adherence to various laws, such as the Water (Prevention and Control
of Pollution) Act and Environmental Protection Act, necessitates a profound
comprehension of legal obligations and their ramifications. India's federal
structure allows individual states to establish their own environmental
regulations and standards, leading to regional variations in compliance
requirements. The India Water Treatment Chemicals Market caters to industries
with diverse water quality requirements, encompassing power generation,
textiles, and pharmaceuticals. These sectors encounter rigorous discharge
regulations for treated water, aimed at safeguarding water bodies and the
environment. Ensuring compliance with these stringent standards necessitates a
steadfast commitment to innovation and substantial investments in research and
development.
Key Market Trends
Adoption of Environmentally Friendly Solutions
Environmental awareness is a driving force behind
the shift towards eco-friendly water treatment solutions in India. The
principles of green chemistry are gaining traction in the water treatment
chemicals market. Green chemistry emphasizes the design of products and
processes that minimize environmental impact while maintaining performance.
Water treatment chemical manufacturers are focusing on reducing toxicity,
minimizing waste, and improving the biodegradability of their products,
aligning with the ethos of sustainable and responsible chemistry. The
increasing focus on environmentally friendly solutions is catalyzing innovation
in water treatment technologies. Novel and advanced approaches are emerging,
leveraging natural processes and alternative methods to achieve effective water
treatment while reducing reliance on chemicals. These advancements not only
promote sustainability but also alleviate the chemical burden associated with
water treatment processes, offering viable alternatives to conventional
chemical treatment methods.
Rising
Demand for Potable Water
Chemical solutions, such
as disinfectants and coagulants, play a vital role in neutralizing pathogens,
removing impurities, and enhancing the overall safety of water supply systems. Industries
in India, ranging from manufacturing to agriculture, rely heavily on water for
their operations. Water treatment chemicals are essential to managing
industrial effluents and maintaining water quality for discharge into water
bodies. As the nation faces challenges arising from urbanization, population
growth, and industrial expansion, the importance of effective water treatment
becomes crucial. The implementation of innovative water treatment chemicals not
only guarantees the availability of safe drinking water but also promotes
environmental sustainability and public health. This trend highlights the vital
role that the water treatment chemicals industry plays in safeguarding India's
water resources and fostering a healthier, more sustainable future for its
citizens.
Segmental Insights
Type Insights
In 2022, the Water Treatment Chemicals market was
dominated by the coagulants & flocculants segment and is predicted to
continue expanding over the coming years. Coagulants and flocculants play a dominant role in
the India Water Treatment Chemicals Market due to their essential functions in
purifying and treating water. Coagulants and flocculants are highly effective
in aggregating and settling impurities, such as suspended particles, colloids,
and organic matter, present in water. They form larger particles that are
easier to remove through sedimentation or filtration processes. This efficient
removal improves water clarity and reduces turbidity, making the water safer
for consumption. In addition to potable water treatment, coagulants and
flocculants are crucial for treating industrial and municipal wastewater. Coagulants
and flocculants aid in the separation of pollutants from wastewater, reducing
environmental pollution.
End-User Industry Insights
In 2022, the Water
Treatment Chemicals market was dominated by municipal segment and is predicted
to continue expanding over the coming years. Urbanization in India has led to significant
population growth in cities and towns. With higher population densities, the
demand for treated water also increases. Municipalities are responsible for
supplying clean and safe drinking water to these densely populated areas,
leading to a higher demand for water treatment chemicals. The operation and
maintenance of water treatment facilities are continuous processes.
Municipalities rely on a consistent supply of chemicals to ensure efficient
water treatment processes and consistent adherence to water quality standards.
This results in a reliable and steady demand for water treatment chemicals.
Regional Insights
The West region has established itself as the
leader in the India Water Treatment Chemicals Market. West has witnessed significant urbanization and
infrastructure development over the years. Rapid urban growth leads to
increased demand for clean and safe water, driving the need for efficient water
treatment solutions. As a result, West India may have witnessed higher adoption
of water treatment chemicals to cater to urban water supply and wastewater
treatment needs. Certain states in West India might have implemented proactive
policies and initiatives to address water quality and scarcity challenges.
Government support can stimulate the adoption of water treatment solutions,
leading to a stronger presence of water treatment chemical suppliers and
manufacturers in the region.
Recent Developments
- In September 2022, Toray
Industries, Inc. inaugurated the Toray India Water Research Center in
Chennai, India. The center aims to enhance research and development
efforts in the application of its water treatment membrane technology,
supporting India's growing demand for treatment solutions.
- In August 2022, Daiki
Axis constructed its second sewage treatment facility, with a capacity of
1,000 units, in Palwal, Haryana, through its subsidiary Daiki Axis India.
- In March 2023, WABAG
was acknowledged by Water Digest and honored with the prestigious
"Best Water Treatment Solution Provider" award at the Water
Digest Water Awards 2022 – 23. WABAG has established itself as a trusted
partner for governments and industries worldwide, offering innovative and
advanced water treatment solutions that ensure the provision of safe and
clean drinking water, as well as sustainable sanitation for millions of
people.
- In December 2022,
WABAG secured a significant Industrial Wastewater Treatment order in
Romania valued at approximately INR 260 Crores (EUR 30 million). The
project aims to upgrade the Industrial Wastewater Treatment Plant (WWTP)
in Victoria, Brasov County. Originally designed to handle 5,820 m3/day of
wastewater from resin production, the Purolite Victoria WWTP is now
required to accommodate increased production, resulting in higher
wastewater flow.
Key Market Players
- BASF India Ltd.
- Dow Chemical International Pvt. Ltd.
- Solvay Specialities India Private Limited
- SNF India Pvt Ltd
- Thermax Limited
- Ion Exchange (India) Limited
- Chembond Chemicals Limited, India
- Pon Pure Chemicals Group
- Mishitek Chemicals
- Sicagen India Ltd.
By Type
|
By End-User Industry
|
By Region
|
- Coagulants &
Flocculants
- Corrosion Inhibitors
- Scale Inhibitors
- Biocides &
Disinfectants
- Chelating Agents
- Others
|
- Municipal
- Power
- Oil & Gas
- Mining
- Chemical
- Food & Beverage
- Pulp & Paper
- Others
|
|
Report Scope:In this report, the India Water Treatment Chemicals
Market has been segmented into the following categories, in addition to the
industry trends which have also been detailed below:
- India Water Treatment Chemicals Market, By Type:
- Coagulants
& Flocculants
- Corrosion
Inhibitors
- Scale
Inhibitors
- Biocides
& Disinfectants
- Chelating
Agents
- Others
- India Water Treatment Chemicals Market, By End User Industry:
- Municipal
- Power
- Oil & Gas
- Mining
- Chemical
- Food & Beverage
- Pulp & Paper
- Others
- India Water Treatment Chemicals Market, By Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the India Water Treatment Chemicals Market.
Available Customizations:
India Water Treatment Chemicals Market report with
the given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling
of additional market players (up to five).
India Water Treatment Chemicals Market is an
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