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Written by priyanka » Updated on: November 11th, 2024
According to TechSci Research report, “India Water Treatment Chemicals Market –Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the India Water Treatment Chemicals Market is anticipated to register a high CAGR during the forecast period. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.
The extraction of oil and gas results in the production of large volumes of water known as produced water. This water is often contaminated with various impurities, hydrocarbons, and chemicals used in the extraction process. Effective treatment of produced water is vital to meet environmental regulations and ensure its safe disposal or reuse. Water treatment chemicals such as demulsifiers, scale inhibitors, and corrosion inhibitors are essential for removing impurities, separating oil from water, and maintaining the integrity of production equipment. In addition, unconventional oil and gas extraction methods like hydraulic fracturing (fracking), water-based fracturing fluids are used to create fractures in the rock formations to release hydrocarbons. The treatment and recycling of fracturing fluids are critical for efficient operations and minimizing freshwater consumption.
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Water treatment chemicals, including biocides, scale inhibitors, and friction reducers, are employed to maintain the quality of fracturing fluids, prevent bacterial growth, control scaling, and improve fluid flow properties. For instance, Solvay introduced TOLCIDE PS a successful, fast-acting and powerful microbiocide, that is designed to eliminate bacteria from oilfield water flood operations or fracturing fluids in oil and gas reservoirs. As the demand for effective water treatment solutions rises, government initiatives have been pivotal in promoting the adoption of water treatment chemicals. Under the National Action Plan on Climate Change, the NWM focuses on sustainable water management and the conservation of water resources. It emphasizes improving water quality through proper treatment, thereby fostering the adoption of water treatment chemicals. The Namami Gange program aims to rejuvenate the Ganga River and its tributaries.
As part of this initiative, wastewater and industrial effluent treatment have gained prominence, necessitating the use of water treatment chemicals to ensure compliance with pollution control standards. The Smart Cities Mission includes provisions for modernizing water supply and wastewater management systems. The adoption of advanced treatment technologies and chemicals is essential to meet the objectives of efficient water management in smart cities.
Moreover, government regulations require industries to treat their effluents before discharge. Compliance with stringent discharge standards encourages industries to invest in effective water treatment chemicals and technologies. As industries and urban centers expand, the demand for effective water treatment solutions is on the rise.
The water treatment chemicals industry operates within a complex regulatory environment aimed at ensuring water safety and environmental protection. Collaborative efforts may involve navigating different regulatory frameworks, approvals, and compliance standards. Kemira, a global water treatment chemical company, has formed a joint venture and a strategic alliance with IVRCL in India, which includes a supply agreement for water treatment chemicals. Gradiant Corporation, specializing in innovative solutions for industrial wastewater treatment, has secured four water recycling projects in India. Global Water Technologies (GWT) a leading company focused on environmentally sustainable wastewater treatment solutions, has announced a collaboration on algae-based wastewater treatment technology. Moreover, Bodal Chemicals, a major international chemicals company in India, has collaborated on the construction of a brine treatment plant based on modern technology.
However, cost considerations and affordability coupled with strict compliance and standards are expected to slow down the growth of the market in the coming years.
The India Water Treatment Chemicals Market segmentation is based on Type, End-User Industry, By Company, and Region.
Some of the major companies operating in the India Water Treatment Chemicals Market include:
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“Certain regions, particularly the Western India, are projected to exert significant demand for water treatment chemicals in India. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their water treatment chemicals productivity each year, are expected to contribute to a remarkable growth of the India Water Treatment Chemicals Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
India Water Treatment Chemicals Market, By Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents, Others), By End User Industry (Municipal, Power, Oil & Gas, Mining, Chemical, Food & Beverage, Pulp & Paper, Others), By Region, Competition, Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of India Water Treatment Chemicals Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Water Treatment Chemicals Market.
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