Press Release Description
Flowing Freshwater Sources Runs the Seawater & Brackish Water Desalination Chemical Market
The Global Seawater & Brackish Water Desalination Chemicals market is projected to grow at a CAGR of around 8.24% during the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. As freshwater reserves worldwide deplete, the growing scarcity of water would be one of the major factors contributing to market growth. According to the World Wildlife Fund, water covers nearly two-thirds of the Earth's surface, but only 3% of that water has been made usable for agriculture & drinking. Despite the planet's freshwater scarcity, global consumption has been rapidly rising due to population explosion, industrialization, agriculture, and other industries.
As a result, governments in various countries, including Saudi Arabia, India, the United States, China, and Germany, are increasingly focusing on developing new desalination units to meet the insatiable demand for water. For instance, in 2022, the National Water Company (NWC), Saudi Arabia, commenced the implementation phase of over USD1.14 billion desalinated water distribution system projects in Dammam, Al-Khobar, Al-Ahsa, and Qatif, which would be completed by 2024. These initiatives by the government are expected to drive the demand for desalination chemicals to treat seawater & brackish water for industrial & residential consumption.
Further, the increasing traction toward adopting hybrid desalination plants due to the advantages such as enhanced energy efficiency, flexibility, and operational security are some other factors that would support the demand for desalination chemicals during 2023-28, further states the research report, "Global Seawater and Brackish Water Desalination Chemicals Market Analysis, 2023."
Brackish Water to Attain a Considerable Growth Rate
Based on the source type, the market is classified as Seawater & Brackish Water. Of them, the Brackish Water source is gaining notable traction in the Global Seawater & Brackish Water Desalination Chemicals market. The ease to process brackish water due to the presence of low salt content and associated advantages for its use in machinery to minimize corrosion led to a notable demand for desalinized water from brackish water sources. As a result, the need for desalination chemicals for brackish water treatment has notably increased.
Further, the growing deployment of brackish water desalination units for use in residential spaces & agricultural fields by the governments of various countries including the Namibian Ministry of Agriculture, Water, and Land Reform, among others is anticipated to further support the demand for desalination chemicals for brackish water treatment during 2023-28.
The Middle East & Africa to Hold a Dominant Share in the Market
Geographically, the Middle East & Africa accounted for a substantial share of the Global Seawater & Brackish Water Desalination Chemicals market, owing to a considerable rise in the development of desalination units to cater to the soaring need for water supply.
The Middle East & Africa is a water scare region & experiences a high level of water scarcity due to the limited availability of water resources & the incessant construction of new commercial & residential spaces, along with the continued surge in expatriates. This led the government of the Middle East & African countries to deploy desalination plants across residential buildings & commercial areas, with water sourced majorly from brackish water sources, including the Nile, the River Jordan, and the Tigris-Euphrates river basin, etc., thereby influencing the demand for brackish water & seawater desalination chemicals in the region.
Further, as the government of Middle Eastern states is focusing on strengthening its service & manufacturing by attracting investments from prominent manufacturers, including Americana Group, Nestle, etc., the water demand is expected to be higher in the upcoming years. Thus, the increasing need for water supply in the region is expected to create lucrative opportunities for developing new desalination units, thus accelerating the demand for desalination chemicals in the Middle East & Africa during 2023-28, further, reveals MarkNtel Advisors in their research report, "Global Seawater and Brackish Water Desalination Chemicals Analysis, 2023."
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Ecolab Inc., Veolia Environment S.A., Kurita Water Industries Ltd., Kemira Oyj, Calgon Carbon Corporation, Thermax Limited, Suez Environment S.A., Solenis LLC, Organo Corporation, The Dow Chemical Company, BASF SE, AkzoNobel N.V., Lonza Group, Kuehne Chemical Co., Inc., Buckman Laboratories, and Others, are looking forward to strengthening their market position.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends that have shaped the industry to its current form?
- What key factors would propel and impede the industry across the region?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition shaped across various countries, followed by their comparative factorial indexing?
- How have buying behavior, customer inclination, and expectations from product manufacturers evolved during 2018-28?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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