Asia Pacific Water Treatment Chemicals Market Outlook
The Asia Pacific Water Treatment Chemicals Market size was USD 6.22 Billion in 2022 and is likely to reach USD 12.67 Billion by 2031, expanding at a CAGR of 8.23% during 2023–2031. The growth of the market is attributed to rising sustainability mandates concerning the environment.
The chemicals used to treat water makes water safe to drink by removing and killing hazardous particles and microorganisms. These includes deadly viruses, solids, heavy metals, dangerous microorganisms, minerals, and algae. These chemical substances additionally maintain the pH equilibrium of water by making it less fundamental in nature.
Many manufacturing plants require lots of water for operation. This is also the case with power generation plants. For instance, power plants require lot of water to treat the ash that is created from generating power. They additionally require lots of water to create sufficient power in the first place.
Market Trends, Drivers, Restraints and Opportunities
- Rising ground and surface water pollution are key factors that can positively influence the market growth during the forecast period.
- Growing demand for water treatment chemicals in the corrosion inhibitors is estimated to fuel the market growth.
- Increased cost of manufacturing and high processing can restrain the growth of the market.
- The developing interest for acid controllers in the beverage business, primarily in seasoned water, energy, and carbonated drinks can create lucrative opportunities during the forecast period.
- The shifting focus onto the usage of green chemicals can create lucrative opportunities during the forecast period.
Scope of Asia Pacific Water Treatment Chemicals Market Report
The report on the Asia Pacific water treatment chemicals market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Water treatment chemicals Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product Types (Flocculants & Coagulants, Biocides & Disinfectants, Defoamers & Defoaming Agents, pH Adjusters & Softeners, Scale & Corrosion Inhibitors, and Others), and End-users (Power Generation, Oil & Gas, Chemical Manufacturing, Mining & Mineral Processing, Municipal, Food & Beverage, Pulp & Paper, and Others)
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Geography Scope
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India, China, South Korea, Japan, and Rest of Asia Pacific
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Kemira; Solenis ; Ecolab; Suez; and Kurita Water Industries Ltd.
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Water Treatment Chemicals Market Segment Insights
PH adjusters & softeners segment is anticipated to constitute a key market share
On the basis of product types, the market is segregated into flocculants & coagulants, biocides & disinfectants, defoamers & defoaming agents, pH adjusters & softeners, scale & corrosion inhibitors, and others. The pH adjusters & softeners segment is projected to expand at a considerable CAGR during the forecast period.
It is predominantly utilized as acid controller due to its high dissolvability and acidity. pH adjusters & softeners segment products develop water treatment chemicals by adjusting pH, restoring microbial movement, expanding moisture maintenance, and reducing compaction. This, in turn, has increased the demand for pH adjusters across the globe.
Oil & gas segment is estimated to account for a significant market share.
Based on end-users, the Asia Pacific water treatment chemicals market is divided into power generation, oil & gas, chemical manufacturing, mining & mineral processing, municipal, food & beverage, pulp & paper, and others. The oil & gas segment is estimated to account for a significant market share during the forecast period. The oil & gas industry requires underwater research to find feasible and profitable zones for offshore drilling activities. Advancement and development in the oil & gas industry is propelling the market segment growth.
China to dominate the market
In terms of regions, the market is classified as India, China, South Korea, Japan, and Rest of Asia Pacific. China is expected to constitute a key share of the market during the projected period owing to high demand from end-user industries such as power and chemical. On the other hand, the market in India is estimated to expand at a healthy rate due to rising demand for clean water and increasing investment of the government in water treatment facilities.
Segments
The Asia Pacific water treatment chemicals market has been segmented on the basis of
Product Type
- Flocculants & Coagulants
- Biocides & Disinfectants
- Defoamers & Defoaming Agents
- pH & Adjusters & Softeners
- Scale & Corrosion Inhibitors
- Others
End-users
- Power
- Oil & Gas
- Chemical Manufacturing
- Mining & Mineral Processing
- Municipal
- Food & Beverage
- Pulp & Paper
- Others
Geography
- India
- China
- South Korea
- Japan
- Rest of Asia Pacific
Key Players
Competitive Landscape
Key players competing in the Asia-Pacific water treatment chemicals market are Kemira Solenis; Ecolab; Suez; and Kurita Water Industries Ltd.
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