Market Definition
The water and wastewater treatment processes are essential to maintain the quality of water resources and prevent the spread of waterborne diseases. Water treatment chemicals are used to purify water from different sources, including groundwater, surface water, and seawater, making it safe for human consumption and industrial use. Waste water treatment chemicals, on the other hand, are used in the treatment of wastewater before its discharge into the environment, preventing environmental pollution. The GCC Water & Waste Water Treatment Chemicals Market is driven by the increasing demand for clean water due to population growth, rapid urbanization, and industrialization in the region.
Market Insights
The GCC Water & Waste Water Treatment Chemicals Market is projected to grow at a CAGR of around 18.2% during the forecast period, i.e., 2023-2028, says MarkNtel Advisors. The market growth primarily attributes to the increasing issues of water contamination, burgeoning waste from industries, which gets discharged in water bodies, and mounting need for potable water due to rapid industrialization & expansion across the Gulf countries.
The production of potable drinking water in the desalination process, coupled with industrial process water is anticipated to drive the market in the coming years. Saudi Arabia has the largest desalination capacity and is looking forward to increasing its Million Imperial Gallons a Day (MIGD) in the coming years. This extensive capacity is the largest consumer of water & water treatment chemicals, which further backs the market growth.
Report Coverage | Details |
---|---|
Study Period | Historical Data: 2018-21 |
Base Year: 2022 | |
Forecast Period: 2023-28 | |
CAGR (2023-2028) | 18.2% |
Countries Covered | UAE, Saudi Arabia, Qatar, Oman, Bahrain, Kuwait |
Key Companies Profiled | Al- Jazira Water Treatment Chemical, EMVEES, Fouz Chemical Company, Ge, Kemira, ESI, Metito, Nalco Ecolab, Veolia, Wetico |
Unit Denominations | USD Million/Billion |
Moreover, the constant development of central wastewater treatment units for small & medium scale manufacturers, severe weather conditions, & increasingly exhausting water resources in the region are other crucial aspects surging the demand for water treatment chemicals, thereby augmenting the market growth during 2023-2028.
Market Dynamics:
Key Drivers: Strict Government Norms for Water Treatment Accelerated the Market Growth
The most prominent factor that shall drive the GCC Water & Waste Water Treatment Chemicals Market is the mounting requirements for treatment chemicals for appropriate wastewater treatment owing to the imposition of strict norms by the governments of GCC countries. Besides, several agencies of different nations across the region setting standard limits on the traces of harmful substances before their disposal in the environment is another crucial aspect likely to augment the market growth in the forecast period.
Possible Growth Restraints: Fluctuating Prices of Raw Materials
The key factors that might restrain the GCC Water & Waste Water Treatment Chemicals Market are the fluctuating prices of raw materials, coupled with the side effects of using treatment chemicals on the environment & aquatic life. Moreover, the high maintenance & energy costs involved in the water treatment process is another crucial aspect that might hinder the marke growth in the coming years.
Market Segmentation
Based on Chemical Type:
Coagulants & Flocculants work in combination for removing contaminants from water. Coagulants are ionically charged compounds with low molecular weight designed to neutralize the charge of suspended particles and remove haziness & colour from the water. On the other hand, Flocculants, the ones with high molecular weight, bind these charge-neutralized substances into larger aggregations to pace up water clarification. Their prime function is to remove microscopic particles from water.
Their extensive usage for lime softening, sludge thickening, and removal of contaminants like heavy metals, oil, and phosphate from the water across various end-users like chemical, oil & gas, & power industries is the prime factor expected to lead them to attain the largest market share during 2023-2028, states MarkNtel Advisors in their research report, “GCC Water & Waste Water Treatment Chemicals Market Analysis, 2023.”
Based on End-User:
Amongst these, the Industrial sector is projected to be the most prominent end-user and contribute significantly to the market growth in the forecast period. It owes principally to the constantly rising sectors like mining, power, oil & gas, and chemical industries, soaring the demand for various water & wastewater treatment chemicals to dispose of wastewater through adequate procedures.
Besides, other factors like rapid industrialization, technological developments, increasing exploration & development of new oilfields, burgeoning new construction projects, and the extensive mining industry result in high demand for fresh & processed water. In addition, the rising number of industrial activities has led to severe environmental deterioration across the GCC, primarily due to inappropriately done water treatment. However, the growing awareness & stringent regulations regarding the need to treat wastewater across industries shall surge the demand for treatment chemicals in the forecast period.
Country Landscape
Based on Country:
Here, Saudi Arabia is anticipated to dominate the market with the largest share in the forecast period owing to the country's reliance on recycled water for different purposes due to the unavailability of running surface water. Additionally, the rising focus of Saudi Arabia on superior water treatment technologies, coupled with the development of smart water grid legislatures to process wastewater, fuelling the overall market growth.
Besides, the growing sewage treatment capacity in the country is another crucial aspect expected to provide innovative solutions to the water shortage problems. Moreover, to become the largest market for Treated Sewage Effluent (TSE), Saudi Arabia is actively taking several initiatives to reduce water consumption by reducing waste & eliminating non-sustainable practices and owing to these factors the country is anticipated to be the market for Water & Waste Water Treatment Chemicals in GCC region during the forecast period.
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Frequently Asked Questions
A. The GCC Water & Waste Water Treatment Chemicals Market is forecast to grow at around 18.2% CAGR during 2023-28.
A. Industrial Users are projected to attain the highest CAGR and maintain their significant market share during the forecast period.
A. The surging demand for treatment chemicals due to stringent regulations imposed by the governments of member countries for appropriate wastewater treatment is the most prominent factor expected to drive the GCC Water & Waste Water Treatment Chemicals Market in the years to come.
A. With an urgent review & focus on the wastewater treatment techniques to assess the possibility of SARS-CoV-2 transfer through wastewater, the demand for treatment chemicals rapidly increased amidst the crisis and fueled the market growth. Hence, the same trend is likely to be followed in the forecast years, which would create lucrative growth opportunities for the leading market players.