South America Water and Wastewater Treatment Chemicals Market to Grow with a CAGR of 3.63% through 2028
Surge in research and development activities is expected to drive the South
America Water and Wastewater Treatment Chemicals Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “South
America Water and Wastewater Treatment Chemicals Market– By Country,
Competition, Forecast and Opportunities, 2018-2028F”, the South America
Water and Wastewater Treatment Chemicals Market stood at USD1.66 billion in
2022 and is anticipated to grow with a CAGR of 3.63% 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 South America Water
and Wastewater Treatment Chemicals Market. Several factors contribute to the
growth of various water and wastewater treatment chemicals market products.
According to a
projection by the Development Bank of Latin America (CAF), it is estimated that
a staggering USD 80 billion will be allocated for sewerage infrastructure
investments during the period of 2010-2030. This significant investment is
expected to have a profound impact on the demand for water and wastewater
treatment chemicals, as the need to maintain and enhance the sanitation and
cleanliness of water sources becomes a top priority.
In an effort to
further safeguard the water sources in Latin America, the Nature Conservancy
has undertaken an innovative approach by initiating water funds across the
region. These funds are specifically designed to finance watershed protection
and reforestation projects, which indirectly contribute to the preservation and
quality maintenance of water sources. As a result, this approach serves as a
catalyst for supporting and strengthening the market for water and wastewater
treatment chemicals, as the sustained quality of water sources becomes a shared
responsibility.
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The innovation
and technological advancements in water and wastewater treatment chemicals stem
from increased R&D activities. These advancements have resulted in the
development of more effective and efficient treatment solutions that can meet
the diverse needs of various industries.
For instance,
the introduction of cutting-edge technologies like membrane-based treatment
processes is revolutionizing the industry. These technologies offer superior
filtration performance, reducing the required amount of chemicals for water
treatment and making the process more environmentally sustainable.
The South
America 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. Government regulations play a
crucial role in shaping water quality standards and wastewater discharge norms.
As these regulations become more stringent, the demand for coagulants and
flocculants is on the rise. These chemicals are essential in helping treatment
plants ensure compliance with the regulations, leading to their increased
market dominance. With their ability to effectively treat water and wastewater,
coagulants and flocculants are becoming indispensable in the field of
environmental protection and sustainable water management.
Based on country, Brazil segment is expected to grow
during the forecast period.
In recent years, Brazil has experienced a remarkable
surge in its wastewater treatment plant market, fueled by substantial
investments in infrastructure development. This surge is not only indicative of
the country's commitment to addressing water management challenges but also
highlights the growing demand for water and wastewater treatment chemicals. As
Brazil continues to prioritize the expansion and modernization of its
wastewater treatment facilities, the need for innovative and sustainable
solutions in this sector becomes increasingly paramount. These investments are
driven by a collective effort to ensure the preservation and efficient
utilization of water resources, ultimately contributing to the overall
well-being of both the environment and the population.
Major companies operating in South America Water and
Wastewater Treatment Chemicals Market are:
- Kurita do Brasil LTDA
- BASF S/A
- Kemira Chemicals Brasil LTDA
- Solenis Especialidades
Quimicas LTDA
- Buckman Laboratories Chile
LTDA
- Lonza do Brasil LTDA
- Akzo Nobel LTDA – Holding
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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 South America 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.
“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 Country, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of South America 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 South America Water and
Wastewater Treatment Chemicals Market.
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