Water Treatment Chemicals market is projected to grow at a CAGR of 3.9% by 2033: Visiongain
Water Treatment Chemicals market is projected to grow at a CAGR of 3.9% by 2033: Visiongain Yahoo Finance
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Water Treatment Chemicals Market Report 2023-2033: Forecasts by Source, End-user, Application, Type, and Regional Analysis
The global water treatment chemicals market was valued at US$34.2 billion in 2022 and is projected to grow at a CAGR of 3.9% during the forecast period 2023-2033.
Elevating Industrial Processes with Chemically-Pure Water
Industries require high-quality water for various manufacturing and production processes to ensure optimal product quality and minimize operational risks. Water treatment chemicals play a pivotal role in optimizing process water quality by removing impurities, controlling microbial growth, and maintaining the desired water parameters. As industries prioritize quality assurance and process efficiency, the demand for water treatment chemicals that support these objectives continues to grow.
How has COVID-19 had a significant negative impact on the Water Treatment Chemicals Market?
The COVID-19 pandemic has had positive impacts on the water treatment chemicals market such as The pandemic has highlighted the importance of clean and safe water for hygiene and sanitation purposes. As a result, there has been a heightened awareness of the need for proper water treatment and disinfection, leading to increased demand for water treatment chemicals. Besides, Many governments have recognized the critical role of water treatment in combating the spread of the virus. They have initiated various measures and investments to improve water infrastructure, including treatment facilities, which has boosted the demand for water treatment chemicals.
Moreover, healthcare facilities expanded their capacity to handle the pandemic, there was a greater need for water treatment chemicals in hospitals, clinics, and temporary medical facilities. These chemicals were crucial for maintaining the necessary hygiene standards in medical settings. Also, The pandemic highlighted the need for sustainable practices in all industries. As a result, there was an increased interest in eco-friendly and biodegradable water treatment chemicals, promoting the adoption of more sustainable solutions in the market.
How will this Report Benefit you?
Visiongain’s 382-page report provides 122 tables and 178 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global water treatment chemicals market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for water treatment chemicals. Get financial analysis of the overall market and different segments including type, source, end-user, and application and capture higher market share. We believe that there are strong opportunities in this fast-growing water treatment chemicals market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximize the productivity of the company.
What are the Current Market Drivers?
- Purity-Driven Chemistry for Healthier Lives: The significance of clean, potable water for public health is undeniable. Outbreaks of waterborne diseases and contaminants like pathogens, heavy metals, and organic pollutants have raised awareness about the importance of effective water treatment. Water treatment chemicals enable the removal of harmful substances, ensuring safe water consumption and improved public health outcomes.
- Preserving Every Drop Counts – Combating Water Scarcity with Chemicals: Water scarcity has become a pressing global concern due to factors like climate change and over-extraction of groundwater. Regions facing water scarcity are driven to explore innovative water treatment techniques and technologies to maximize the use of available water resources. Water treatment chemicals, when employed efficiently, can facilitate water reuse, desalination, and purification, playing a crucial role in mitigating water scarcity challenges.
Where are the Market Opportunities?
- Empowering Modern Treatment Technologies with Chemical Innovation: The water treatment industry continues to witness technological advancements, such as membrane filtration, UV disinfection, and nanotechnology. These cutting-edge technologies often work in tandem with water treatment chemicals, optimizing treatment processes and enhancing overall efficiency. Continuous innovation in both chemicals and technologies drives the expansion of the water treatment chemicals market.
- Growing Demand for Clean Industrial Processes: The shift towards sustainable and environmentally friendly industrial processes is gaining momentum. Many industries are embracing water treatment chemicals to minimize water usage, recycle wastewater, and reduce their overall environmental footprint. This transition aligns with corporate social responsibility initiatives and positively impacts the demand for eco-conscious water treatment solutions.
Competitive Landscape
The major players operating in the water treatment chemicals market are Baker Hughes Company, BASF SE, Buckman, Cortec Corporation, Dow Inc., Ecolab Inc., Green Water Treatment Solutions, Johnson Matthey plc, Kemira Oyj, Kurita Europe GmbH, Nouryon, SNF, Solenis, Suez SA, Veolia Environnement S.A.. These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.
Recent Developments
- 21 Oct 2022, Operating wastewater treatment plants is made easier by Cortec®/Bionetix® Joint Forces. With a subsidiary that specializes in biological wastewater treatment and a position as a global pioneer in corrosion control technology, Cortec® Corporation is in a unique position to make life simpler for those who run wastewater treatment plants.
- 30 March 2022, In order to establish a joint venture company (JV) that will supply oilfield and industrial chemicals in the Kingdom of Saudi Arabia (KSA), Baker Hughes (NASDAQ: BKR) and Dussur, which is owned by the Saudi Arabian Public Investment Fund (PIF), Saudi Aramco, and SABIC (Saudi Basic Industries Corporation), have entered into an agreement.
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About Visiongain
Visiongain is one of the fastest-growing and most innovative independent market intelligence providers around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports, which cover 10-year forecasts, are hundreds of pages long, with in-depth market analysis and valuable competitive intelligence data.
SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 6: Clean Water and Sanitation
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 12: Responsible Consumption and Production
The article discusses the global water treatment chemicals market and its role in providing high-quality water for industrial processes. This aligns with SDG 6, which aims to ensure access to clean water and sanitation for all. Additionally, the article mentions the importance of water treatment chemicals in optimizing process water quality and supporting quality assurance and process efficiency in industries, which relates to SDG 9’s focus on industry, innovation, and infrastructure. Lastly, the article highlights the need for sustainable practices and eco-friendly water treatment chemicals, which aligns with SDG 12’s goal of promoting responsible consumption and production.
2. What specific targets under those SDGs can be identified based on the article’s content?
- Target 6.3: Improve water quality by reducing pollution, eliminating dumping, and minimizing release of hazardous chemicals and materials.
- Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies.
- Target 12.4: By 2020, achieve environmentally sound management of chemicals and all wastes throughout their life cycle.
Based on the article’s content, the specific targets identified are related to improving water quality, upgrading infrastructure for sustainability, and achieving environmentally sound management of chemicals.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
Yes, the article mentions indicators that can be used to measure progress towards the identified targets. These indicators include:
- Reduction in water pollution and contamination levels
- Increase in the adoption of clean and environmentally sound technologies in industries
- Improvement in the management of chemicals and wastes throughout their life cycle
The article discusses the role of water treatment chemicals in reducing impurities and controlling microbial growth, which can contribute to a reduction in water pollution and contamination levels. It also mentions the use of innovative water treatment technologies, such as membrane filtration and UV disinfection, which can be indicators of increased adoption of clean and environmentally sound technologies. Lastly, the article highlights the need for sustainable and eco-friendly water treatment chemicals, indicating a focus on improving the management of chemicals and wastes.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 6: Clean Water and Sanitation | Target 6.3: Improve water quality by reducing pollution, eliminating dumping, and minimizing release of hazardous chemicals and materials. | – Reduction in water pollution and contamination levels – Minimization of hazardous chemical release |
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies. | – Increase in the adoption of clean and environmentally sound technologies in industries |
| SDG 12: Responsible Consumption and Production | Target 12.4: By 2020, achieve environmentally sound management of chemicals and all wastes throughout their life cycle. | – Improvement in the management of chemicals and wastes throughout their life cycle |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: finance.yahoo.com
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