According to ChemAnalyst report, “India Wastewater Treatment Chemicals Market Analysis: Demand & Supply, End-User Industries, Sales Channel, Regional Demand FY2015-FY2030”, The India Wastewater Treatment Chemicals Market is likely to grow at a CAGR of 5.4% during the forecasted period by FY2030. The end-use industries Municipal Water Treatment, Power, Oil & Gas, and Chemical & Fertilizers are anticipated to accelerate the Wastewater Treatment Chemicals Market in India in the forthcoming years.
Wastewater treatment chemicals are the chemicals compounds used to help treat polluted water. There are numerous water and wastewater treatment chemical products like corrosion & scale inhibitors, antiscalants, coagulants & flocculants, biocides, disinfectants, pH adjusters, and others. Among these, corrosion & scale inhibitors and anti-scalants are majorly used for water treatment purposes. With constant rise in India’s population and its industrial landscape, the volume of discharged wastewater has shown an alarming rise in the past few years. Municipalities are encouraging proper reutilization of the wastewater released from enterprises because of the scarcity of water.
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Moreover, tightening of Central Pollution Control Board norms and awareness among industrialists to discharge treated wastewater to ensure the continuity of their businesses will most likely ensure growth of the Wastewater treatment chemicals market in the forecast period. Additionally, the Jal Shakti Ministry created the Jal Jeevan Mission, to provide piped fine-drinking water to 146 million households in India villages by FY2024. Furthermore, increased investments by state and central government for setting up water treatment plants to ensure ‘Zero Liquid Discharge’, is providing pace to the water treatment activities and is anticipated to further escalate the Wastewater treatment chemicals’ demand in the coming years.
The India Wastewater Treatment Chemicals Market is segmented based on end-use, sales channel, and region. Based on end-use, the India Wastewater Treatment Chemicals market is segregated into Municipal Water Treatment, Power, Oil & Gas, Chemical & Fertilizers, and Others. Municipal Water Treatment sector accounts for more than 32% in Wastewater Treatment Chemicals market followed by Power plants which are the second biggest consumers of Water Treatment Chemicals.
Based on region, the Indian Wastewater Treatment Chemicals Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2022, West India has been dominating the market and consumed approximately 45% of the Wastewater Treatment Chemicals in FY2022. Gujarat and Tamil Nadu, two coastal states, are pioneers in constructing desalination facilities to increase the availability of drinking water.
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“India Wastewater Treatment Chemicals Market Analysis: Demand & Supply, End-User Industries, Sales Channel, Regional Demand FY2015-FY2030” Major players in the India Wastewater Treatment Chemicals market are Ion Chemicals, Chembond Chemicals Limited, SUEZ India Private Limited, Thermax India Limited, Chemtex Speciality Limited, Ecolab (Nalco), Dow, SNF, Nouryon, Sicagen Chem, Solvay, Lonza, Thermax Limited, Vasu Chemicals, and Others.
“Rapid industrialization and urbanization leading to rising water contamination levels are majorly driving the demand for wastewater treatment chemicals and river cleaning initiatives by the Government of India. Growing waste management practises and scarcity of freshwater sources are favouring the Wastewater Treatment Chemicals’s potential for growth and propelling the Wastewater Treatment Chemicals market. Additionally, it is predicted that throughout the projection period, the market would be further influenced by growing demand for Wastewater Treatment Chemicals in the Power Plants industry. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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