|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD75.26
billion
|
|
CAGR
(2023-2028)
|
4.28%
|
|
Fastest
Growing Segment
|
Coagulant
& Flocculant
|
|
Largest
Market
|
United
States
|
Market Overview
North America Water and Wastewater Treatment
Chemicals Market has valued at USD75.26 billion in 2022 and is anticipated to
project robust growth in the forecast period with a CAGR of 4.28% through 2028.
One key factor contributing to the sustained growth of the water and wastewater
treatment chemicals market in North America is the increasing industrialization
across the region. With the rapid expansion of industries such as power
generation, oil and gas, a significant and manufacturing, there is a
significant demand for large volumes of water. However, these industries also
produce substantial amounts of wastewater that need to be treated before safe
discharge, leading to an escalating need for water and wastewater treatment
chemicals.
Furthermore, the market expansion is also driven by
the region's stringent environmental regulations. Recognizing the importance of
protecting water resources and promoting sustainable practices, both the United
States and Canada have implemented regulations that require industries to treat
their wastewater before disposal. These regulations not only ensure the
preservation of water quality but also contribute to the market growth by
creating a mandatory demand for water and wastewater treatment chemicals.
Despite the existing market growth, the future of
the North American water and wastewater treatment chemicals market is
promising. Ongoing technological advancements in treatment processes and the
increasing emphasis on sustainable practices are expected to propel the
market's growth trajectory. As industries and governments continue to
prioritize effective water management, the demand for water and wastewater
treatment chemicals is likely to remain strong, creating opportunities for
further market expansion and innovation.
Key Market Drivers
Growing Demand of Water and Wastewater Treatment
Chemicals from Pharmaceutical Industry
Pharmaceutical production processes involve the
utilization of a wide range of chemicals, encompassing various stages from
synthesis to formulation. Unfortunately, a significant portion of these
chemicals ultimately find their way into wastewater. Among the entities of
concern are active pharmaceutical contaminants (APCs), which are released into
surface water through wastewater treatment systems, giving rise to considerable
environmental apprehensions. As a result, the reduction of water consumption
and a heightened focus on wastewater treatment have emerged as noteworthy
trends within the pharmaceutical industry.
The detection of pharmaceutical residues, their
metabolites, and oxidation products in aquatic systems is a matter of growing
concern. These remnants have been found in wastewater, surface water bodies,
sediments, groundwater, and even in drinking water supplies. The presence of
these substances necessitates the implementation of effective wastewater
treatment methods to remove or mitigate their impact before the water is
discharged or reused.
International organizations such as the
Organization for Economic Co-operation and Development (OECD) have been
actively advocating for improved waste and wastewater treatment practices to
combat the issue of pharmaceutical residues in freshwater systems. This
collective drive towards better wastewater treatment aligns with the industry's
pressing need for efficient water management solutions, thereby contributing to
the escalating demand for water and wastewater treatment chemicals.
As the North American pharmaceutical industry
continues to flourish, the demand for effective water and wastewater treatment
solutions grows in parallel. This upward trajectory not only highlights the
industry's commitment to sustainable practices but also propels the expansion
of the water and wastewater treatment chemicals market across the region.
Growing Demand of Water and Wastewater Treatment
Chemicals from Chemical Industry
The chemical industry, which encompasses a wide
range of sectors and processes, heavily relies on substantial volumes of water for
its various operations such as cooling, processing, and cleaning. Consequently,
this reliance gives rise to significant quantities of wastewater that
necessitate proper treatment before being discharged into the environment. This
crucial requirement has led to an exponential increase in the demand for water
and wastewater treatment chemicals.
With industrialization rapidly spreading across the
globe, new growth opportunities have emerged for manufacturers specializing in
industrial wastewater treatment chemicals. As one of the major contributors to
industrialization, the chemical industry plays a pivotal role in driving this
surging demand. Notably, the need for water treatment chemicals in the chemical
industry is not solely driven by operational requirements but also by the
ever-increasingly stringent environmental regulations imposed by governing
bodies. For instance, both the United States and Canada have implemented
regulations mandating industries to treat their wastewater before disposal,
thus intensifying the demand for these essential chemicals.
In conclusion, the escalating demand for water and
wastewater treatment chemicals from the chemical industry serves as a key
driving force behind the growth of the North American market. Considering the
industry's operational needs and the mounting regulatory pressures, this demand
is projected to continue its upward trajectory, fueling the expansion of the
market in the forthcoming years.
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Key Market Challenges
Volatility in Price of Raw Materials
The production of water and wastewater treatment
chemicals heavily relies on various raw materials, including ammonia, ethanol,
and fatty acids. These materials play a crucial role in the manufacturing
process, but their prices are subject to volatility due to multiple factors.
Market responses to geopolitical events, weather patterns, and changes in
demand and supply often contribute to the inherent instability in the prices of
these raw materials.
Such price volatility poses significant challenges
for the water and wastewater treatment chemicals industry. Fluctuations in raw
material prices directly impact production costs, potentially leading to higher
prices for the end product. Consequently, this can affect the competitiveness
of companies operating in the market and their overall profitability.
Furthermore, the geographic concentration of raw
materials further adds to the complexity of this challenge. Specific regions
may possess a greater supply of particular raw materials, making them more
vulnerable to disruptions in supply chains caused by factors like political
instability or natural disasters.
For instance, let's consider the global
waterproofing chemicals market, which shares similar raw materials with the
water and wastewater treatment chemicals industry. This market has witnessed
oscillating price trends of raw materials due to volatile energy prices,
further emphasizing the impact of raw material price volatility in this sector.
Moreover, the industrial revolution and rapid
urbanization have significantly escalated the generation of vast quantities of
wastewater worldwide. This surge in wastewater production has subsequently
amplified the demand for treatment chemicals, further exacerbating the effects
of raw material price volatility on the market.
Overall, the water and wastewater treatment
chemicals industry grapples with the challenges posed by price volatility in
raw materials, necessitating strategic management and adaptation to ensure
stability and sustainability in the face of these market dynamics.
Key Market Trends
Growing Investments in Infrastructure Development
Water and wastewater treatment facilities are vital
for safeguarding public health and promoting environmental sustainability.
However, the current infrastructure in North America is facing significant
challenges due to aging and the need for extensive upgrades or replacements. In
response to this pressing need, both public and private sectors have ramped up
their investments in water and wastewater infrastructure development,
recognizing the importance of ensuring efficient operations.
As these investments continue to pour in, the
demand for water and wastewater treatment chemicals is poised to surge. These
chemicals are indispensable for achieving the desired standards of water and
wastewater treatment, serving various purposes like coagulation, disinfection,
and pH adjustment. They play a pivotal role in maintaining the integrity and
effectiveness of treatment processes in these facilities.
Furthermore, the global focus on sustainable and
smart cities is propelling the adoption of advanced water and wastewater
treatment technologies. These cutting-edge technologies often require
specialized treatment chemicals to optimize their performance, further driving
the growth of the market. With a growing emphasis on environmental
consciousness and resource efficiency, the demand for innovative treatment
solutions is set to continue its upward trajectory.
The trend of increasing investments in water and
wastewater infrastructure development not only fuels the current market growth
but also shapes its future prospects. As more funds are allocated towards
modernizing and expanding the water and wastewater infrastructure, the demand
for treatment chemicals is expected to experience a corresponding rise. This
presents a significant opportunity for stakeholders in the industry to
contribute to sustainable development and meet the evolving needs of
communities.
Segmental Insights
Chemical Type Insights
Based on the category of chemical type, the coagulant
& flocculant segment emerged as the dominant player in the North America
market for water and wastewater treatment chemicals in 2022. Coagulants and
flocculants play a crucial role in the treatment of water by effectively
removing suspended solids, organic matter, and various pollutants. The
coagulation process begins by introducing coagulants into the water, which
neutralize the charges of particles, causing them to come together and form
aggregates. To further enhance this aggregation, flocculants are then
introduced, promoting the formation of larger clumps, known as flocs. These
flocs can be easily separated from the water, resulting in cleaner and clearer
water.
Furthermore, the demand for water treatment
solutions is intensifying due to the depletion of freshwater resources and the
growing awareness regarding the significance of treating wastewater before its
discharge into the environment. This increasing emphasis on water treatment is
driving the growth of the coagulants and flocculants market, as industries and
municipalities recognize the importance of sustainable water management
practices.
End User Insights
The oil & gas segment is projected to
experience rapid growth during the forecast period. The oil and gas industry is
a significant contributor to the generation of produced water, which
necessitates proper treatment before disposal or reuse. This water often
contains a wide range of contaminants, including salts, oil residues, and
chemicals, posing potential risks to both the environment and public health. In
response to these challenges, the industry extensively utilizes water and
wastewater treatment chemicals to effectively treat this produced water,
thereby driving the demand for such chemicals.
Furthermore, when considering the oil and gas
industry in North America, particularly in the United States, its magnitude
becomes evident. The United States stands as one of the world's largest oil
producers and boasts extensive shale gas production. These large-scale
operations require substantial quantities of water and wastewater treatment
chemicals, contributing significantly to the industry's market dominance.
In addition to the industry's scale, stringent
environmental regulations play a crucial role in shaping its dominance. Both
the United States and Canada have implemented strict regulations concerning
wastewater treatment, mandating industries, including the oil and gas sector,
to treat their wastewater to meet specific standards before discharge. This
regulatory pressure further fuels the demand for water and wastewater treatment
chemicals within the industry.
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Regional Insights
United States emerged as the dominant player in the
North America Water and Wastewater Treatment Chemicals Market in 2022, holding
the largest market share in terms of value. The United States is home to a wide
range of industries, including oil and gas, power generation, mining, and
manufacturing. These industries are responsible for generating significant
amounts of wastewater as a byproduct of their operations. In order to
effectively manage and treat this wastewater, the demand for water and
wastewater treatment chemicals has been on the rise.
One of the driving factors behind the demand for
these chemicals in the United States is the strict environmental regulations
governing wastewater discharge. The Clean Water Act (CWA) and the Safe Drinking
Water Act (SDWA) impose stringent requirements on industries and municipalities
to treat their wastewater to meet specific standards before it is discharged
into the environment or used as drinking water. This regulatory pressure not
only ensures the protection of the environment and public health but also
contributes to the increased demand for water and wastewater treatment chemicals.
Furthermore, the United States boasts a
well-developed water and wastewater treatment infrastructure, with many
treatment plants across the country utilizing advanced technologies. These
advanced treatment processes often require specialized treatment chemicals to
achieve optimal results. Moreover, ongoing efforts to upgrade aging water and
wastewater systems in the country further contribute to the increased demand
for these chemicals.
Recent Developments
- In July 2021, Platinum Equity, a global investment
firm specializing in mergers and acquisitions, successfully completed the
acquisition of Solenis, a renowned and highly regarded producer of specialty
chemicals used in various water industries. The acquisition, valued at an
impressive USD 5.25 billion, brought together two industry leaders, poised to
create a powerhouse in the market.
The newly formed combined company is uniquely
positioned to serve a diverse range of customers, catering to the needs of not
only the consumer and industrial sectors but also the pool water treatment
industry. With their combined expertise and resources, they are set to drive
innovation, deliver exceptional quality products, and provide unparalleled
solutions to meet the evolving demands of the market.
Key Market Players
- Ecolab Inc.
- Kurita
America, Inc.
- BASF
Corporation
- Kemira
Chemicals, Inc.
- Solenis
LLC
- Akzo
Nobel, Inc.
- Lonza,
Inc.
|
By Chemical Type
|
By End User
|
By Region
|
- Coagulant
& Flocculant
- Biocide
& Disinfectant
- Corrosion
& Scale Inhibitor
- pH Adjuster
- Others
|
- Oil &
Gas
- Pharmaceutical
- Chemicals
- FMCG
- Others
|
- United
States
- Canada
- Mexico
|
Report Scope:
In this report, the North America Water and
Wastewater Treatment Chemicals Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- North America Water and Wastewater Treatment
Chemicals Market, By
Chemical Type:
o Coagulant & Flocculant
o Biocide & Disinfectant
o Corrosion & Scale Inhibitor
o pH Adjuster
o Others
- North America Water and Wastewater Treatment
Chemicals Market, By
End User:
o Oil & Gas
o Pharmaceutical
o Chemicals
o FMCG
o Others
- North America Water and Wastewater Treatment
Chemicals Market, By Region:
o United States
o Canada
o Mexico
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the North
America Water and Wastewater Treatment Chemicals Market.
Available Customizations:
North America Water and Wastewater 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).
North America Water and Wastewater Treatment
Chemicals Market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please contact
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