Asia Pacific Water and Wastewater Treatment Chemicals Market to Grow with a CAGR of 4.35% through 2028
Surge in research and development activities is expected to drive the Asia
Pacific Water and Wastewater Treatment Chemicals Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “Asia Pacific
Water and Wastewater Treatment Chemicals Market– By Region, Competition,
Forecast and Opportunities, 2018-2028F”, the Asia Pacific Water and
Wastewater Treatment Chemicals Market stood at USD9.28 billion in 2022 and is
anticipated to grow with a CAGR of 4.35% in the forecast period, 2023-2028. The
initiatives taken by government based on water and wastewater treatment
chemicals has led to favorable market conditions for the Asia Pacific Water and
Wastewater Treatment Chemicals Market. Several factors contribute to the growth
of various water and wastewater treatment chemicals market products.
The Asian
Development Bank (ADB) is actively expanding its initiatives on wastewater
management and reuse, with a strong focus on promoting hygiene sanitation
practices. As part of its comprehensive efforts, ADB is proposing a region-wide
project that aims to address the pressing challenges in wastewater management
across various countries.
The US
Environmental Protection Agency (EPA) is diligently working towards advancing
compliance with environmental laws, aiming to ensure sustainable practices that
improve air and water quality in the Asia-Pacific region. In addition to
focusing on better waste management strategies, the EPA is also striving to
increase public participation in environmental decision-making processes,
fostering a collaborative approach towards preserving and protecting the
environment for future generations.
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Research and
development (R&D) plays a pivotal role in driving advancements in the water
and wastewater treatment chemicals market. By investing in R&D, companies
can explore new frontiers and develop cutting-edge treatment chemicals that
offer enhanced effectiveness, cost-efficiency, and environmental
sustainability.
One of the
emerging trends in the global water and wastewater treatment chemicals market
is a notable shift towards sustainable and eco-friendly solutions. Recognizing
the importance of minimizing environmental impact, companies are channeling
their efforts into R&D to create innovative, green technologies and
chemicals. These solutions not only ensure high-quality water treatment but
also contribute to the preservation of our precious natural resources.
The Asia Pacific
Water and Wastewater Treatment Chemicals Market is segmented into chemical
type, end user, regional distribution, and company.
Based on its chemical type, the coagulant & flocculant
segment held the largest share in the market. Strict regulations regarding
water quality and wastewater discharge in the Asia-Pacific region have become
increasingly stringent in recent years. To meet these regulatory standards, the
use of effective treatment chemicals has become necessary. Coagulants and
flocculants, known for their exceptional efficacy, have emerged as widely
adopted solutions in addressing these challenges.
Notably, coagulants and flocculants are not only
utilized in drinking water treatment but also find application across various
industries. For instance, in the paper and pulp industry, these chemicals
assist in the removal of impurities and enhance the quality of the final
products. Similarly, in the oil and gas sector, coagulants and flocculants aid
in the separation of oil and water, ensuring compliance with environmental
regulations. Moreover, the mining industry benefits from their usage by
facilitating the removal of solids and improving the clarity of wastewater.
Based on region, China segment is expected to grow
during the forecast period.
China, with its well-established base for water
treatment projects, plays a pivotal role in the consumption of water treatment
chemicals. Recognizing the importance of water management, the country has made
substantial investments in water infrastructure. This includes building
state-of-the-art wastewater treatment plants and advanced water recycling
facilities, all aimed at meeting the ever-growing demand for clean water and
effectively managing wastewater. With its commitment to sustainable water
practices, China continues to lead the way in addressing the global water
challenges of today and tomorrow.
Major companies operating in Asia Pacific Water and
Wastewater Treatment Chemicals Market are:
- Ecolab Asia Pacific Pte. Ltd.
- Kurita Water Industries Ltd.
- BASF East Asia Regional
Headquarters Ltd.
- Kemira (Asia) Co., Ltd.
- Suez Environmental Technology
Beijing Co Ltd
- Solenis (Shanghai) Chemical
Co., Ltd.
- Buckman Laboratories (Asia)
Pte. Ltd.
- Veolia Water Technologies
(SEA) Pte Ltd
- Akzo Nobel (Asia) Co., Ltd.
- Lonza Biologics Tuas Pte Ltd
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“Growing application of water and wastewater treatment
chemicals in various end user industries are key drivers of the water and
wastewater treatment chemicals market. Growth in competitive landscape and
presence of well-established companies in the market who are dedicated to
enhance their productivity of water and wastewater treatment chemicals with
every passing year are anticipated to register an impressive growth to Asia
Pacific Water and Wastewater Treatment Chemicals Market in the forecast period.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Asia Pacific Water and Wastewater Treatment Chemicals Market
By Chemical Type (Coagulant & Flocculant, Biocide & Disinfectant,
Corrosion & Scale Inhibitor, pH Adjuster, Others), By End User (Oil &
Gas, Pharmaceutical, Chemicals, FMCG, Others), By
Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Asia Pacific Water and Wastewater Treatment
Chemicals Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Asia Pacific Water and
Wastewater Treatment Chemicals Market.
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