The report titled global water and wastewater treatment chemicals market size and Forecast to 2034 represents the second publication from the Ireland-based competition intelligence research firm, Future Market Insights (FMI). Known for its meticulous tracking of competitive developments within the chemical sector, FMI provides a comprehensive evaluation of company standings based on multiple criteria.
In the chemical industry, competition dynamics frequently drive significant shifts, influenced by strategic realignments among market participants. The water and wastewater treatment chemicals market serves as a prime example of this trend, as highlighted in a recent report issued by Future Market Insights.
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FMI’s competition blueprint report on the Global Water and Wastewater Treatment Chemicals Market identifies industry leaders such as Ecolab Incorporated (including Nalco Holdings), Kurita, Berwind Corporation, and Dorf Ketal in the “Industry Titan” category. Additionally, prominent market players including CLIF, FMC Corporation, Kemira, and Suez are categorized as dominators.
The Competition Blueprint devised by FMI utilizes a four-dimensional matrix that assesses 15 parameters, categorizing each parameter into three strategic indices: Growth Lever Score Index, Portfolio Lever Score Index, and Operational Efficiency Lever Index. Through an extensive evaluation and benchmarking process encompassing over 50 global companies engaged in water and wastewater treatment chemicals production, FMI provides valuable insights into industry competitiveness.
A cumulative score of each company has been clubbed with the respective Market Share Index and a detailed matrix is developed.
It is interesting that companies that account for higher market share than their peers have not been able to fare good and rank among industry titans. Factors such as speed to market, response time to cater the request, capacity utilization rate, management leadership along with strategic priority alignment with water and wastewater treatment chemicals, limit the performance of such companies and despite being dominant, those companies are less likely to exhibit the best performance over the coming years.
Global water and wastewater treatment chemical market size reached US$ 37,192.3 million in 2023. Over the forecast period, global water and wastewater treatment chemicals demand is anticipated to rise at 4.6% CAGR. The market is expected to increase from US$ 38,588.9 million in 2024 to US$ 60,541.2 million by 2034.
Water treatment chemicals find applications across a number of end-user industries where they are used to prevent corrosion and scaling of various equipment and utilities. With proper use of water wastewater treatment chemicals, the efficiency of utilities such as plastic & steel pipes, ooling tower and boilers can be increased significantly, which in turn, leads to enhanced production and higher energy efficiency.
High process efficiency, in turn, lowers operational costs, influencing manufacturers to use water & wastewater treatment chemicals extensively during the process. These chemicals help in the reliable operation of the overall water and wastewater treatment equipment infrastructure.
Stakeholders in the water and wastewater treatment chemical market are also exposed to their share of risks. Considering the long-term need to treat process water, various end-user industries are installing wastewater treatment equipment such as multiple effect evaporators for water treatment as opposed to water treatment chemicals.
Residue salt from these water treatment equipment can be sold in open markets, adding more value to the use of these equipment for process water treatment.
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This brings the need for water and wastewater treatment chemicals producers to realign strategy as per market need. Companies failing to do so eventually stand in contender and laggard category in the competition matrix and viz.a.viz losing market footprint.
Key strategies adopted by market actors that have been highlighted in the report by FMI include industry-focused solution, acquiring segment specialist regional players, and spin-off.
Key Segmentations
By application
- Industrial
- Municipal
By technology
- Tertiary treatment
- Secondary treatment
- Primary treatment
product type
- Biological
- Membrane Separation
- Sludge
- Disinfection
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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