|
Forecast Period
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2024-2028
|
|
Market Size (2022)
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USD 280.51 Million
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CAGR (2023-2028)
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2.38%
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Fastest Growing Segment
|
Coagulants &
Flocculants
|
|
Largest Market
|
Central Region
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Market Overview
Vietnam Water Treatment Chemicals Market
has valued at USD 280.51 Million in 2022 and is anticipated to grow with a CAGR
of 2.38% through 2028. Vietnam Water Treatment Chemicals Market is anticipated
to grow significantly in the projected period 2028 due to the rising demand for
clean & fresh water, growing demand from the industrial and manufacturing
sector, and stringent environmental policy by the government of Vietnam. The
Ministry of Natural Resources and Environment, Vietnam stated that 80% of
medical cases related to diseases such as cholera, typhoid, dysentery, and
malaria are caused due to water pollution. The rapidly growing population in
Vietnamese urban areas puts increasing pressure on the country's water
resources such as rivers, groundwater, and lakes. As an outcome to fulfill the
demand for clean and safe water for a growing population, the need advanced
water treatment technologies and chemicals are required. At the same time,
Vietnam has been experiencing rapid industrialization and urbanization to align
with the global economic order. Hence, the industry's processes generate
significant amounts of wastewater and pollution that need to be treated before
being discharged into water bodies as waste contains harmful substances. Water
treatment chemicals play a crucial role in removing contaminants and ensuring
that the wastewater meets the required standards set by the government. Vietnam
is facing environmental challenges, including water pollution from industrial
and agricultural activities. To address these concerns, there is a growing
emphasis on improving water quality and protecting water sources. Water
treatment chemicals are necessary to mitigate the impacts of pollution and
restore the ecological balance of water bodies.
Key Market Drivers
Rising Demand for Clean
& Fresh Water is a Key Factor that Driving the Vietnam Water Treatment
Chemicals Market Growth
The rising demand for clean and fresh
water is one of the major factors driving the growth of the water treatment
chemicals market in Vietnam. As more people migrate to cities, Vietnam's
population is expanding, particularly in urban areas and the demand for clean
and safe water is growing for drinking, household use, and sanitation purposes
increases. According to the macro trends, the net migration rate for Vietnam in
2023 is estimated to be 0.935 per 1000 population, a 2.07% increase from 2022.
Hence, water treatment chemicals are essential for purifying water from various
sources, including rivers, lakes, and groundwater, and make them suitable for
human use or consumption. Due to industrial discharges, agricultural runoff,
and inadequate wastewater management, Vietnam faces significant water pollution
challenges around the country. Water treatment chemicals play a crucial role in
removing pollutants, such as heavy metals, organic compounds, and pathogens,
from contaminated water sources. The growing awareness of water pollution
issues has led to an increased demand for water treatment chemicals to ensure
the availability of clean and safe water. Access to clean water is essential
for preventing waterborne diseases and maintaining public health. Inadequate
water treatment can lead to the spread of waterborne illnesses such as cholera,
typhoid, and hepatitis. Water treatment chemicals, including disinfectants like
chlorine, are used to eliminate harmful microorganisms and ensure the safety of
drinking water. Climate change effects, including changing rainfall patterns
and increased frequency of droughts, pose challenges to water availability in
Vietnam. As water resources become scarcer, there is a growing need to optimize
water use and treat water more effectively. Water treatment chemicals help
enhance water treatment processes, maximize water reuse, and mitigate the
impact of water scarcity on various sectors. Therefore, the growing demand for
clean and fresh water is a key driver for the Vietnam water treatment chemicals
market in the projected period.
Growing Demand from
Industrial and Manufacturing Sector Drives the Vietnam Water Treatment
Chemicals Market Growth
In the past decade, Vietnam has been
attracting significant foreign direct investment (FDI) in various industries,
such as textiles, electronics, automotive, and chemical manufacturing. These
industries generate a significant amount of wastewater containing pollutants
and require effective water treatment solutions to meet environmental
regulations. Approximately, 70% of the industrial zones did not have wastewater
treatment facilities, and 90% of productive enterprises directly disposed of
their waste into the landfill or water bodies. Every year, 12757 enterprises
and 186 industrial zones produce around 220000 tons of industrial waste and
industrial wastewater of 47.2 million cubic meters. Hence, water treatment
chemicals are utilized to treat industrial wastewater, remove contaminants, and
ensure compliance with discharge standards set by the
government. Industries are required to comply with effluent standards,
which necessitate the use of water treatment chemicals to treat their
wastewater. As regulations become more stringent, the demand for advanced and
specialized water treatment chemicals increases. Due to water scarcity concerns
and the need for sustainable water management, industries are increasingly
focusing on water reuse and conservation practices. 30% of the water is acidic
in Vietnam whereas in some regions of the northern part of the country, the
level of acid in water even reached 50% every year due to chemical waste
released by industries. Here, water treatment chemicals are employed in processes
like water recycling, desalination, and wastewater reuse to ensure the water is
treated to the desired quality level for reuse purposes. Both local and
international companies operating in Vietnam are increasingly prioritizing
environmental sustainability and corporate social responsibility. They
recognize the importance of managing their water footprint and minimizing the
impact of their operations on the environment. Consequently, they invest in
water treatment solutions and chemicals to ensure responsible water management
and reduce their environmental footprint. Therefore, all these factors are
expected to drive the demand for water treatment and propel the Vietnam water
treatment chemicals market growth.
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Key Market Challenges
Lack of
Skilled Workforce
As the Vietnamese economy experiences
continuous growth, there is an increasing demand for water treatment solutions.
However, the supply of skilled professionals who can design, operate, and
maintain these intricate systems is not keeping up with the demand. This skill
gap presents a multifaceted challenge to the water treatment chemicals market.
The water treatment chemicals sector is currently experiencing rapid
technological advancements. To fully leverage the advantages of these
innovations, it is crucial to have a competent workforce capable of effectively
implementing and managing these new technologies. The scarcity of skilled
professionals can impede the adoption of advanced treatment methods and hinder
the sector's ability to stay abreast of global trends.
High Cost of
Advanced Water Treatment Chemicals
Specialized water treatment chemicals,
meticulously customized for specific contaminants and treatment processes, are
of paramount importance in guaranteeing the efficient elimination of pollutants
and impurities from water sources. This comprehensive array of chemicals
encompasses various products, such as coagulants, flocculants, disinfectants,
pH adjusters, and corrosion inhibitors. The high cost of these advanced water
treatment chemicals may discourage industries and municipalities from embracing
innovative water treatment technologies. The high cost of advanced chemicals
can lead to market fragmentation, with only larger companies able to afford the
latest treatment solutions. This limits competition and innovation within the
sector, potentially slowing down the overall advancement of water treatment
technologies. Moreover, sustainable water management practices, such as water
reuse and recycling, may be hindered by the high cost of chemicals required for
these processes. This could delay the adoption of water-saving initiatives and
hinder progress toward a more water-efficient economy.
Key Market Trends
Growing
Research and Development
Environmental sustainability is a
fundamental priority for Vietnam as it pursues responsible economic
development. Research and development endeavors are propelling the advancement
of eco-friendly water treatment chemicals that effectively mitigate environmental
impact. Through the development of biodegradable chemicals and environmentally
conscious treatment technologies, researchers are aiding industries and
municipalities in attaining their water treatment objectives, concurrently
diminishing their carbon footprint, and fostering a cleaner environment. In a
recent study conducted in 2021, a filter system based on silver nanoparticles
coated onto activated carbon derived from rice husk (AgNPs@AC) has been
proposed for the treatment of floodwater from the Hau Giang River. The study
established the optimal conditions for the preparation of AgNPs@AC and
characterized it using various surface analysis techniques such as SEM, TEM,
XRD, BET, FTIR, and DLS. Prior to being discharged into the filtration column containing
AgNPs@AC, the floodwater source would undergo pre-treatment with polyaluminum
chloride using the coagulation-sedimentation method to remove suspended solids.
The results demonstrated the effective removal of turbidity, dissolved solids,
suspended solids, color, and bacteria from the floodwater by the filter system
based on AgNPs@AC. Moreover, it was determined that a filter column with a 30
mm thick AgNPs@AC layer could continuously process 1300 m3 of floodwater for a
service life of more than two months. The findings of this study not only
contribute to our understanding of the floodwater treatment capacity of
activated carbon coated nanoparticles but also provide valuable insights for
water treatment plants along the Hau Giang River, aquatic ecosystem
researchers, and public health researchers.
Rise in Technological Advancements
The integration of digital technologies
and smart systems is revolutionizing water treatment processes. Smart water
treatment solutions utilize sensors, data analytics, and automation to monitor
and optimize treatment operations in real-time. This not only enhances the
efficiency of water treatment plants but also enables rapid response to changes
in water quality and demand. Nanomaterials and nanoparticles are engineered to
effectively adsorb or degrade pollutants, leading to higher treatment efficiencies.
Additionally, the development of advanced chemical formulations, including
coagulants, flocculants, and disinfectants, is optimizing the removal of
impurities from water sources. The growing concept of zero liquid discharge
aims to eliminate wastewater discharge from industrial facilities and is
gaining prominence in water treatment chemicals in Vietnam. Industries are
adopting ZLD systems that treat and recover wastewater, leaving behind minimal
or no liquid discharge. Water treatment chemicals are integral to these systems
to achieve effective treatment and recovery of water resources. Furthermore,
innovative processes such as advanced oxidation, electrochemical treatment, and
membrane bioreactors allow for the reclamation and treatment of wastewater for
various purposes, including irrigation and industrial processes. These
technologies reduce the pressure on freshwater resources and promote circular
water management practices.
Segmental Insights
Type Insights
In 2022, the water
treatment chemicals market was dominated by the Coagulants
& Flocculants segment and is predicted to continue expanding over the coming
years. Coagulants
and flocculants are highly versatile chemicals that find application in
treating a broad spectrum of water sources. These sources encompass industrial
wastewater, municipal sewage, surface water, and groundwater. Their
adaptability to diverse water treatment applications makes them well-suited to
cater to the requirements of various sectors, including manufacturing, agriculture,
and municipal water supply. While coagulants and flocculants are traditional
water treatment chemicals, ongoing research and development have led to the
formulation of enhanced products with improved performance. These advancements
ensure that coagulants and flocculants remain relevant and effective in modern
water treatment practices.
Application Insights
In 2022, the
water treatment chemicals market was dominated by water desalination segment
and is predicted to continue expanding over the coming years. Vietnam has a
long coastline and several coastal areas. Desalination becomes a viable option
in regions where freshwater sources are limited, and there is access to
seawater. Coastal cities and industries might consider desalination to meet
their water needs. Advancements in desalination technologies, particularly in
energy-efficient and cost-effective methods, make desalination a more
attractive option for addressing water scarcity challenges.
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Regional Insights
The Central region has established
itself as the leader in the Vietnam Water Treatment Chemicals
Market. The Central region encounters fluctuating degrees of water
scarcity, particularly in specific seasons. This increased focus on water availability
has prompted greater emphasis on efficient water management and treatment
methodologies. Water treatment chemicals play a critical role in treating and
recycling water to optimize its utilization while minimizing waste. Moreover,
government policies and initiatives targeting environmental protection and
sustainable development have sparked heightened attention towards wastewater
treatment and management. The Central region's proactive stance in embracing
these policies has generated a greater need for water treatment chemicals to
ensure compliance and address environmental concerns.
Recent Developments
- In August 2018,
Solenis acquired the pulp and paper chemical distribution business from Connell
Bros. Co. (CBC) to establish a robust presence in the Southeast Asia pulp and
paper market.
- In July 2018, Nalco
Champion, a subsidiary of Ecolab Company, introduced a yellow metal corrosion
inhibitor for water cooling systems. This innovative solution provides asset
protection while also minimizing environmental impact.
Key Market Players
- Ecolab Vietnam
Co. Ltd.
- Solenis Vietnam
Company Limited
- BASF Vietnam Co.
Ltd.
- Kemira OYJ
- AkzoNobel
Coatings Vietnam
- Baker Hughes
Co., Ltd.
- Dow company
Vietnam
- VATECH JSC
- Camix Company
Limited
- Suez Water
Technologies & Solutions Vietnam
|
By Type
|
By Application
|
By End User
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By Region
|
By Region
|
- Coagulants &
Flocculants
- Corrosion Inhibitors
- Scale Inhibitors
- Biocides &
Disinfectants
- Chelating Agents
- Anti-Foaming Agents
- Ph Adjusters &
Stabilizers
- Others
|
- Water Desalination
- Raw Water Treatment
- Boiler Water
Treatment
- Cooling Water
Treatment
- Others
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- Municipal
- Power
- Oil & Gas
- Mining
- Chemical
- Food & Beverage
- Pulp & Paper
- Others
|
- North Vietnam
- Central Vietnam
- South Vietnam
|
- Saudi Arabia
- UAE
- Qatar
- Kuwait
- Bahrain
- Rest of Middle East
|
Report Scope:
In this report, the Vietnam Water Treatment Chemicals Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- Vietnam Water
Treatment Chemicals Market, By Type:
- Coagulants & Flocculants
- Corrosion Inhibitors
- Scale Inhibitors
- Biocides & Disinfectants
- Chelating Agents
- Anti-Foaming Agents
- Ph Adjusters & Stabilizers
- Others
- Vietnam Water
Treatment Chemicals Market, By End-User:
- Municipal
- Power
- Oil & Gas
- Mining
- Chemical
- Food & Beverage
- Pulp & Paper
- Others
- Vietnam Water Treatment Chemicals Market, By Region:
- North Vietnam
- South Vietnam
- Central Vietnam
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Vietnam Water Treatment
Chemicals Market.
Available Customizations:
Vietnam Water Treatment Chemicals Market report with the given market data,
TechSci Research offers customizations according to a company's specific
needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Vietnam Water Treatment Chemicals Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]