The market for water treatment chemicals in North America is expected to grow at a CAGR of above 4% during the forecast period. The major factors driving the growth of the market studied include the stringent regulatory requirements to control the wastewater disposal from both municipal and industrial sources and growing demand from the power industry in the United States. On the other hand, increasing popularity for chlorine alternatives for cooling water treatment serves as one of the restraining factors market studied.
- The municipal segment dominated the market in 2018 and is likely to grow during the forecast period, owing to strict regulation leading to increased usage for proper wastewater disposal.
- Growing Shift towards green chemicals is to likely to provide growth opportunities for the market studied during the forecast period.
- In North America, the United States is expected to dominate the demand for water treatment chemicals, owing to stringent regulations related to wastewater disposal.
Key Market Trends
Municipal Segment to Dominate the Market Demand
- Municipal is the fastest growing segment mainly due to the government focusing on developing municipal wastewater treatment plants (mostly in the urban areas), which is likely to augment the use of water treatment chemicals over the forecast period.
- The United States Environmental Protection Agency (USEPA) emphasizes on the improvement of water and sewage services, especially in the municipal wastewater treatment area, and plans to invest an estimated capital investment of about USD 600 billion toward its improvement over the coming two decades.
- The USEPA has also been focusing on supplying clean drinking water and runs a fund called ‘Clean Water State Revolving Fund’, by which it finances the environmental compliances. Such initiatives, in turn, increase the usage of water treatment chemicals.
- Thus, the use of water treatment chemicals is increasing, owing to a greater demand for purifying drinking water in the country.
The United States to Dominate the Market
- The United States currently accounts to the highest share of the North America water treatment chemicals market. The United States is one of the highest consumers of water in the world. Approximately 80% of the water and wastewater treatment industry is owned and managed publicly in the country.
- A resurgence in the manufacturing sector in the country is creating a demand for industrial water treatment, given the increasing need for water conservation and stringent environmental regulations. This, in turn, has increased the need for water treatment operations, thereby driving the market for water treatment chemicals.
- According to the US Geological Survey, electric power generators are the largest source of the US water withdrawals and account for around 40% of total water withdrawals in the United States. The wastewater released from the electricity generation process contains significant levels of toxic metal impurities, such as lead, mercury, arsenic, chromium, and cadmium, among others. The power generation in the country is expected to grow significantly and is estimated to reach 106.55 quadrillion British thermal units by 2050. This growth is expected to drive the demand for water treatment chemicals in the country.
- Hence, owing to the above-mentioned factors, the United States is likely to dominate the North America water treatment chemicals market.
The North America water treatment chemicals market is moderately fragmented with major players accounting for majority of the market. Some of the major players of the market include Kemira, Ecolab, Kurita Water Industries Ltd, Solenis, and Suez, among others.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Stringent Regulatory Requirements to Control the Wastewater Disposal from both Municipal and Industrial sources
4.1.2 Growing Demand from the Power Industry
4.2.1 Increasing Popularity for Chlorine Alternatives for Cooling Water Treatment Serves as one of the Stumbling Blocks in the Growth of the Market Studied.
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Biocides & Disinfectants
5.1.2 Coagulants & Flocculants
5.1.3 Corrosion & Scale Inhibitors
5.1.4 Defoamers & Defoaming Agents
5.1.5 pH & Adjuster & Softener
5.1.6 Other Product Types
5.2 End-user Industry
5.2.2 Oil & Gas
5.2.3 Chemical Manufacturing
5.2.4 Mining & Mineral Processing
5.2.6 Food & Beverage
5.2.7 Pulp & Paper
5.2.8 Other End-user Industries
5.3.1 United States
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Albemarle Corporation
6.4.3 ChemTreat Inc.
6.4.6 Italmatch Chemicals SpA
6.4.8 Kurita Water Industries Ltd
6.4.13 Veolia Water Technologies
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Shift Towards Green Chemicals
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
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The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
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