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Wastewater Treatment Chemicals Market size for phosphorous removal application surpassed USD 6.5 billion in 2021 and is projected to witness a CAGR of over 9% from 2022 to 2030. Increasing focus on wastewater treatment to limit environmental degradation will push the industry growth.
Growing concerns over the impact of hazardous and toxic waste accumulation have resulted in the deployment of stringent regulatory norms and sustainability mandates. Public authorities are strictly monitoring waste generation and its effect on climate change through regulations on the removal of phosphorous and other toxic compounds from wastewater. With increasing focus on technologies for the efficient disposal of wastewater, the demand for treatment chemicals is on the rise.
A wide variety of wastewater treatment chemical solutions are used by industrial end-users to comply with standards and laws for chemical effluents & pollutants. These chemicals help filter waste by removing solid particles or phosphorous, and have various other benefits such as odor control, disinfection, pH adjustment, foam prevention, and sludge removal. As a result of growing environmental issues and surging cases of waterborne diseases such as toxoplasmosis, amoebiasis, and giardiasis, the demand for wastewater treatment chemicals is likely to escalate.
Report Attribute | Details |
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Base Year: | 2021 |
Wastewater Treatment Chemicals Market Size in 2021: | 6.59 Billion (USD) |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 9% |
2030 Value Projection: | 14.5 Billion (USD) |
Historical Data for: | 2017 to 2021 |
No. of Pages: | 447 |
Tables, Charts & Figures: | 485 |
Segments covered: | Product and End-use |
Growth Drivers: |
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Pitfalls & Challenges: |
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A gradual demand for eco-friendly water treatment solutions is considered to be a key factor restraining the wastewater treatment chemicals market for phosphorus removal application revenue. A high preference is observed for physical water treatment technologies such as RO filtering, and UV disinfection over chemical methods. This can be credited to the eco-friendly nature of these methods which start by separating solid particles using filtration or floatation techniques. Rapidly changing climate, environmental adversities, and growing carbon footprint have shifted users to these sustainable substitutes, which is expected to reduce the focus on chemical treatment methods.
The wastewater treatment chemicals market for phosphorus removal application from polyaluminum chloride (PAC) segment is anticipated to exhibit over 10% CAGR from 2022-2030. Polyaluminum Chloride (PAC), also known as Aluminum Chloride Hydroxide is widely used across a spectrum of industrial processes, especially in the flocculation operations performed in the water treatment sector. Rapidly growing global population and prevalence of water shortage in high-populated regions will propel the demand for high basicity PAC. It is also used for the reduction of residual chemical content in tap water, indicating lucrative scope for the product use.
In terms of end-use, the wastewater treatment chemicals market for phosphorous removal application is classified into industrial and municipal. The industrial segment is further fragmented into iron & steel, mining, agrochemicals, power generation, food and beverage, chemical, oil & gas, pharmaceutical, and others. The mining segment is projected to generate more than USD 1 billion by 2030, owing to the growing need for wastewater treatment.
While water plays a key role in mineral processing and extracting of rich metals from ore, it also increases the risk of contamination of the water supply with minerals, and other substances. Without treatment, the mining sector is prone to generate tainted effluent that cannot be recycled or let out into the environment, due to the impact on public health. As a result, increasing contamination of groundwater driven by rapid industrialization will augment the chemical demand.
Europe wastewater treatment chemicals market for phosphorous removal application is projected to surpass USD 2.5 billion by 2030. Increasing construction activities, including both commercial and residential construction projects, offer lucrative scope for the industry players in the region. Several EU countries are implementing ambitious initiatives to spread awareness and enhance human health, and environmental protection. For instance, in April 2022, the European Commission launched the NEB LAB, a co-creation space catering to the New European Bauhaus community designed to offer beautiful, sustainable, and inclusive projects to improve living.
are some of the key companies in wastewater treatment chemicals industry for phosphorus removal applications. The companies mainly focus on strategic alliances including collaborations and financing schemes to encourage the use of chemicals for wastewater treatment.
The emergence of the COVID-19 pandemic introduced several unprecedented supply chain challenges, driving businesses to adopt innovative solutions. There was an imposition of stringent rules and regulations including lockdowns and social distancing, to restrict the expansion of the pandemic and curb the number of cases. As a result, the demand for wastewater treatment chemicals from industrial end-users reduced substantially. However, various enterprises adapted to the outbreak through endeavors to secure their supply networks. The industry partners may have also forayed into supply chain agreements with distributors, showcasing a solid competitive landscape in the future.
The wastewater treatment chemicals market for phosphorus removal application research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilotons revenue in USD Million from 2017 to 2030, for the following segments:
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