Wastewater Treatment Chemicals Market size for Phosphorus Removal Application to exceed $14.5Bn by 2030

The wastewater treatment chemicals market size for phosphorus removal application is estimated to surpass USD 14.5 billion by 2030, as per a new research report announced by Global Market Insights Inc.
 

Growing wastewater generation from the industrial sector has accelerated the need for effective water treatment chemicals and solutions. A substantial increase in the global population has triggered the demand for commodities such as oil & gas, food & beverages, chemicals, and power in recent years. Rapid urbanization has also increased industrial waste output, contributing to water and environmental pollution. According to the United Nations Industrial Development Organization (UNIDO), the manufacturing sector is among the largest contributors of wastewater, followed by other industrial activities such as the production & distribution of electricity, mining, quarrying, and construction.
 

Wastewater treatment for these sectors is performed either physically or chemically. The chemical method is considered to be a viable and cheaper solution as compared to advanced technologies such as ion exchange, UV filtration, and RO of physical processes. Rapid growth in the refining and petrochemical industries will fuel the demand for phosphorus removal chemicals. Stringent environmental regulations could encourage industries to enhance wastewater treatment processes, augmenting chemicals consumption.
 

Browse key industry insights spread across 447 pages with 452 market data tables & 33 figures & charts from the report, “Wastewater Treatment Chemicals Market for Phosphorus Removal Application Size By Product (Alum [aluminum sulfate], Polyaluminum Chloride [PAC], Aluminum Chlorohydrate [ACH], Sodium aluminate, Ferric chloride, Ferric sulfate, Ferrous sulfate, Ferrous chloride), End-Use (Municipal Corporation [Sewage Treatment, Garbage Treatment], Industrial [Agrochemicals, Food & Beverage, Iron & Steel, Mining, Power Generation, Pulp & Paper, Oil & Gas, Pharmaceutical, Chemical]), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/wastewater-treatment-chemicals-market-for-phosphorus-removal-application
 

Increasing use of aluminum sulfate in phosphorus removal applications

Wastewater treatment chemicals market for phosphorus removal application from aluminum sulfate segment was more than USD 1 billion In 2021, owing to considerable water treatment efforts across industrial, commercial, and residential spaces. It is used as a chemical in the removal of phosphorus from wastewater along with water purification. Alum is a water-soluble technical salt widely used as a coagulant in the filtration of drinking water, paper production, and to treat wastewater. With rising water pollution through household sewage, aluminum sulfate consumption is anticipated to increase.
 

High prevalence of waterborne diseases due to domestic water pollution

Wastewater treatment chemicals market for phosphorus removal application from the municipal end-users was estimated to be over USD 5 billion in 2021 and is expected to grow at more than 10% CAGR through 2030. Municipal wastewater either consists of domestic or a combination of industrial and domestic wastewater. The rising prevalence of water-borne diseases and infections caused due to unsanitary wastewater management has increased awareness regarding the need for adequate water purification and chemicals to treat drinking water.
 

Waterborne diseases such as diarrhea and cholera are a major concern among young children and the rural population. According to the World Health Organization (WHO), nearly 2 billion people lack access to safely managed drinking water, and approximately 1.7 billion children 5 years and below are affected by food/waterborne diarrhea. In 2020, more than 323,000 cases of cholera were reported by the WHO along with a mortality rate of 857 across 24 countries worldwide.
 

New seawater desalination projects to foster North America industry outlook

North America wastewater treatment chemicals market for phosphorus removal application is anticipated to expand at a CAGR of over 9% between 2022-2030. In recent years, the region has reported a significant rise in salinity activities for freshwater, which has fueled the demand for seawater desalination projects. Growth in the industrial and manufacturing sectors the U.S. and Canada have accelerated the need for clean water to ensure safe processing across pharmaceutical, electricity, and energy industries. As per the Environmental Protection Agency (EPA), each day the treatment facilities in the U.S. process nearly 34 billion gallons of wastewater.
 

Technological advancements to complement the global competitive landscape

Some of the major companies discussed in the wastewater treatment chemicals market for phosphorus removal application report include BASF SE, Nalco-Ecolab, Kurita Water Industries Ltd., Ion Exchange, Thermax, Kemira, and Veolia, among others. The competitive landscape involves continuous efforts to upgrade the technological capabilities of their product portfolio and service offerings.