Mexico Water Treatment Chemicals Market size was valued at USD 1.45 billion in 2017 and is expected to witness growth of more than 3.2% CAGR from 2018 to 2024.
Mexico Water Treatment Chemicals Market, By End-use, 2013 – 2024 (USD Million)
Increasing water usage in industrial applications has spurred the necessity for pre-treatment, boosting the demand for water treatment chemicals in Mexico. Increasing domestic consumption owing to the rising population will support the product market size. In addition, growing consciousness regarding waterborne diseases will boost the water treatment chemicals market size over the forecast period.
Rapid industrialization poses a major threat to natural resources; hence, effluent and waste liquid discharge from the manufacturing industries need to be treated to avoid any hazard to the environment. The purification from major industrial sectors, such as oil & gas and iron & steel processing industry propelling wastewater treatment market share.
Mexico’s social, physical, climate, economic geography, and terrain represent various challenges in terms of supply and management. Recycling offers financial and resources savings for major production plants. As the treated waste liquid can be valuable for purposes including industrial processes, agricultural and landscape irrigation, toilet flushing, and replenishing a groundwater basin.
Shifting focus toward the technological developments will enable the recycling of highly polluted resource, escalating the prominence of purification methods in Mexico. Wastewater treatment from industries is very complex and comprises large volumes of chemicals, materials, and substances that are used throughout process operations. Thus, removal of heavy metals is mandatory before disposal and reuse augmenting product demand.
Irregularity in supply can be a major issue as manufacturers are facing high prices. Manufacturers are investing heavily on R&D to minimize the overall treatment cost. Therefore, most industries, such as mining and food & beverage are reprocessing for reuse to cut down the overall cost. Stringent regulations from various authorities including CNA along with increasing pressure from various environmental organizations are expected to further drive water treatment chemicals market over the forecast period.
Coagulation market registered over USD 260 million in 2017. Coagulation is an essential part of drinking and wastewater treatment plants mainly used for sedimentation & filtration. It helps in enhancing the ability of the treatment process for removing particles. Organic coagulants, inorganic coagulants, or combination of both are used for removing the suspended solids propelling market share.
Flocculant market is likely to witness more than 3.2% CAGR from 2018 to 2024. High molecular weight coagulant aids are added during bridging, binding, and strengthening floc. It helps in adding weight and increasing the settling rate. Flocculants gather destabilized particles together cause them to agglomerate and drop out of the solution. It is the gentle stirring or agitation to encourage the particles thus formed for agglomerating into masses that are large enough to be filtered or settled fuelling product demand in the market.
Municipal corporation end-use market reported volume over 1,680 million pound in 2017. Increasing pressure from regulatory organizations to the release of toxic chemicals directly into sewers is anticipated to boost water treatment chemicals market share. The discharged from plants after the food and beverage processing needs to be treated to reduce its impact on the environment. To maintain a continuous supply of reusable liquid to reduce the overall intake by many food and beverage production facilities propelling product demand.
Industrial market is projected to observe more than 4% CAGR upto 2024. The agricultural industry witnessing resource shortage for irrigation purposes. In addition, heavy applications of chemical fertilizers and pesticides contaminate the natural resource. Thus, farmers are expected to treat the groundwater before reuse is anticipated to propel water treatment chemicals market size over the forecast period.
Cooling water market is projected to display over 3.5% CAGR from 2018 to 2024. Increasing demand for cooling systems is anticipated to spur water treatment chemicals market over the forecast period. Cooling systems can cause corrosion, which leads to metal loss, resulting in critical system failures in recirculating liquid piping, heat exchangers, and process cooling equipment.
Municipal water market contributed around 48% share in 2017. Rising instances of various diseases in the country have stimulated high-end purification, escalating the revenue generation from the segment. Stringent government regulations in Mexico pressurize municipal corporations to maintain the quality for human consumption. Increasing consumption and additional quality improvements spurred the product demand.
Mexico water treatment chemicals market consists of several players that extensively compete to strengthen their market foothold. Kemira, Univar, Inc., Kurimexicana, SNF Floerger, Suez Water & Process Technologies, Buckman, and Ashland chemicals. Other players are Cinetica Quimica, NALCO, ChemTreat, Solenis, and Nakagawa Chemical Equipment Co., Ltd among major industry players in the water treatment chemical market.
Rising incidences of several diseases stimulated the awareness about proper purification and the application of water treatment chemicals for purification. The vendors are developing strong relationships with the manufacturers of recycling chemicals for the optimization of supply chain and gaining a competitive edge. The high usage for industrial processes has further escalated the need for waste liquid treatment, boosting the product penetration in the country.