Municipal and industrial water treatment collectively to account for more than three forth of the water treatment polymers sales
DUBAI, UAE / ACCESSWIRE / April 7, 2021 / Future Market Insights: ESOMAR-certified market research firm Future Market Insights' recent report on the global water treatment polymers market projects strong growth of the market through 2021. Surge in demand for water treatment polymers from various end users is propelling the growth of the market. Increasing demand from the residential and industrial sectors, including such as mining & metals, food & beverages, oil & gas industries will continue creating growth opportunities through 2031.
Historically, the market registered substantial gains, expanding at a CAGR of over 6.9% between 2016 and 2020. Growth was primarily underpinned by increasing demand of water treatment for steam generation in power plants, heat exchanger fluid, manufacturing operations in various end-user industries such as chemical &petrochemicals, semi-conductor and others.
Stringent regulations for sustainable environment remains a challenging factor for all end-use industries, however the increasing penetration of advanced technology adopted by key players is satisfying the demand, stimulating growth. Future outlook remains optimistic, with the increasing application in diverse sectors for water treatment polymers market through 2031. FMI expects the market to reach a valuation of US$ 3.30 Bn by 2031-end.
"Increasing demand from the industrial and residential sector will remain a key factor propelling the growth. Also, increasing demand for municipal water treatment and industrial water treatment will remain a key growth driver," says the FMI analyst.
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Key Takeaways
- Polyacrylamides and polyacrylates to grow two fold through 2021 and beyond
- Based on application, water treatment segment to prevail over other domains
- Soaring demand from industrial market to spur water treatment polymers sales in Brazil
- China is expected to be the most lucrative market for water treatment polymers through 2031
- Increasing demand from the end-users is fostering the sales of water treatment polymers in the U.S.
- Germany expected to be at forefront of European market backed by the stringent regulation to contain pollution from various industries
- Rise in demand from industrial and municipal segments to drive the water treatment polymers market in India
Prominent Drivers
- Stringent regulatory policies for sustainable environment is driving the water treatment polymers market
- Increasing demand for chemically treated water from end-use industry is bolstering the growth
Key Restraints
- Alternative water treatment technologies and easy availability of the substitutes likely to hamper the growth
- Demand for eco-friendly technology and vulnerability about patent infringement among end-use industries is likely to hinder the demand
Discover more about the water treatment polymers market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on https://www.futuremarketinsights.com/checkout/8831
Competitive Landscape
Suez Water Technologies and Solutions, Solenis, Ecolab Inc., Kemira Oyj, Thermax Limited, Chemigate Ltd., Alken-Murray Corporation, Aries Chemical Inc., Chemco Products Inc., and Beckart Environmental Inc. among others are some of the key players profiled by FMI's report. According to the study, key players are focusing on efficient solution and product innovation to cater the need of end-users. With the presence of various players, the market seems fairy fragmented. Strategic collaborations among key players is one of the important growth strategy adopted by aforementioned players.
In March 2021, Modec Offshore Production Systems announced a multi-million dollar contract to SUEZ's Water Technologies and Solutions for the supply of seawater sulphate removal water treatment technology. The contract includes equipment supply, engineering, project management, procurement and construction supervision. Production capacity of the FPSO is 220,000 barrel/day of oil and 15,000,000 m3/day of gas.
Likewise, in February 2021, Solenis, a leading global producer of specialty chemicals, increased its prices of polyacrylamide polymers and retention aids across the EMEA region by 8% due to major impact on key feedstock costs.
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More Insights on FMI's Water Treatment Polymers Market
Future Market Insights, in its new offering, provides an unbiased analysis of the water treatment polymer market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the water treatment polymers market based on product type (polyacrylamides, polyacrylates, quaternary ammonium polymers, and polyamines), application (preliminary treatment, water treatment, and sludge treatment), and end-use (residential buildings, commercial buildings, municipality, industrial and others) across seven major regions.
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SOURCE: Future Market Insights