NEWS RELEASE SEPTEMBER 2010
East Asia Will Account for 32% of the $26 Billion Water and Wastewater Treatment Chemicals Market in 2015
Rapid expansion of municipal wastewater treatment, power generation and other major industries consuming water and wastewater treatment chemicals will boost the East Asian sector to $8.3 billion in sales of treatment chemicals in 2015. However, the biggest percentage growth will be in West Asia where the market will almost double in the five year period. These are among the 200,000 forecasts now appearing in the McIlvaine online Water & Wastewater Treatment Chemicals: World Markets.
World Region |
2010 ($ millions) |
2015 ($ millions) |
Africa |
700 |
890 |
CIS |
1,183 |
1,481 |
East Asia |
6,540 |
8,343 |
Eastern Europe |
527 |
609 |
Middle East |
1,049 |
1,229 |
NAFTA |
5,173 |
5,837 |
South & Central America |
1,334 |
1,713 |
West Asia |
696 |
1,212 |
Western Europe |
4,182 |
4,361 |
Total |
21,384 |
25,673 |
In East Asia in 2015 power will account for 25 percent of the chemicals purchased. Municipal wastewater treatment will account for 21 percent. Growth in mining, steel and refining will also add to the totals. Corrosion inhibitors will be the leading product with 21 percent of the East Asian sales. However, the combination of inorganic and organic flocculants and polymers will account for 25 percent of the East Asian market.
Beyond 2015 East Asia is predicted to continue to grow at a more rapid pace than North America and Europe. China is continuing to build coal-fired power plants and to connect more of its citizens to sewage systems. Other countries in BRIC (Brazil, Russia and India) will rapidly increase their consumption of treatment chemicals.
The revenue forecasts include the service component. For companies such as Nalco and GE, service is included in the chemical pricing. Much of the revenue is from tailored mixes of chemicals which are proprietary to a manufacturer. In 2009 the four leading manufacturers accounted for $6.6 billion in sales. Thousands of smaller companies also participate in the market.
For more information on Water & Wastewater Treatment Chemicals: World Markets, click on: http://www.mcilvainecompany.com/brochures/water.html#NO26