World demand for water treatment chemicals is expected to rise 5.8 percent per year to $30.6 billion in 2017. Demand will be driven by rising water quality standards in manufacturing and other industrial applications, expanding access to safe drinking water in underserved regions, and a shift toward higher value chemicals with improved performance and/or environmental profiles, particularly in developed countries,  according to a report by The Freedonia Group.

Freedonia says increases in developed countries are expected to be tempered by greater competition between water treatment chemicals and equipment in some applications, reflecting a more complex industry response to environmental concerns.

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In countries in developing regions, rising standards for industrial water quality and the adoption of more complex manufacturing processes, along with healthy economic expansion, will drive strong growth in demand for water treatment chemicals, the report says.

In many developing countries, the use of water treatment chemicals has historically been low relative to use rates seen in manufacturing and industrial markets in more affluent areas, and rising water treatment chemical use rates will be reflective of greater reliance on both commodity-type chemicals and specialty chemicals. 

The increased use of water treatment chemicals in these regions will be supported by manufacturers’ efforts to remain competitive by improving the quality of finished products, which can be directly impacted by water quality, the report says.

                                                                                                                  

WORLD WATER TREATMENT CHEMICAL DEMAND

(million dollars)

 

% Annual Growth

Item     

2007

2012

2017

2007-

2012

2012-

2017

 

 

 

 

 

 

Water Treatment Chemical Demand

18295

23120

30600

4.8

5.8

North America

6060

6655

7860

1.9

3.4

Western Europe

4435

5090

6090

2.8

3.7

Asia/Pacific

4480

6845

10350

8.8

8.6

Central & South America

1350

1780

2410

5.7

6.2

Eastern Europe

1235

1630

2195

5.7

6.1

Africa/Mideast

735

1120

1695

8.8

8.6

 

 

 

 

 

 

© 2014 by The Freedonia Group, Inc.