According to the Graphical Research new growth forecast report titled “Mexico Water Treatment Chemicals Market Size By Product (Coagulants, pH Adjusters & Softeners, Flocculants, Biocides & Disinfectants, Scale Inhibitors & Dispersants, Oxidants, Media, Defoamers, Corrosion Inhibitors), By End-Use (Municipal Corporation [Sewage Treatment, Garbage Treatment], Industrial [Agrochemicals, Food & Beverage, Iron & Steel, Mining, Power Generation, Pulp & Paper, Oil & Gas, Pharmaceutical, Chemical]), By Application (Cooling Water, Municipal Water, Boiler Water, Membrane Water), 2018-2024”, estimated to exceed USD 2 billion by 2024.
Increasing industrial activities along with the continuous rise in population will fuel the Mexico water treatment chemicals market size. Key concerns pertaining to decreasing freshwater resources coupled with stringent regulations regarding the TSS levels requiring high-end water treatment procedures will propel industry growth. In addition, growing consumer consciousness regarding waterborne diseases has led to increased demand for potable water, this will substantially enhance the market development over the forecast period.
Upsurge in the usage of water in industrial and power industries has spurred the necessity for pre-treatment, boosting the demand for water treatment chemicals in Mexico. Increasing adoption of new and advanced water treatment methods has enabled the recycling of highly polluted resource, escalating the prominence of purification methods in Mexico. Furthermore, surging product adoption in numerous applications in form of cooling water, municipal water, boiler water, membrane water will improve the product penetration in Mexico.
Accelerating technological advancements and increased domestic and international stringent regulations have enforced the use of chemicals for water treatment. Shifting focus toward the use of green chemicals that help in removing impurities such as fungi, suspended solids, algae, viruses and minerals from the water will stimulate the overall Mexico water treatment chemicals demand. In addition, manufacturers are increasingly investing in new product development to maximize water reuse and resource recovery, in compliance with the regulatory norms.
Stringent regulations from various authorities including CNA along with increasing pressure from various environmental organizations are expected to further propel the Mexico water treatment chemicals industry growth. For instance, government agencies, such as CONAGUA and SEMERNAT, are responsible for regulating programs and managing the country’s budget pertaining to wastewater treatment and management.
Coagulation market is anticipated to witness a growth of over 5% up to 2024. Coagulation is a low-cost water treatment chemical comprising of positively charged molecules that assists in neutralizing the solution. It also plays an important role in drinking and wastewater treatment plants for the removal of harmful waterborne particles. Surge in demand from end-use applications such as power generation, municipal water treatment, chemical processing etc. is expected to fuel demand for organic and inorganic coagulants.
Municipal corporation end-use segment accounted for more than 55% of the market share in 2017. Growing concerns related to waterborne diseases have spurred the requirement for proper water purification thereby providing strong application scope across sewage treatment and garbage treatment in the country. Moreover, major factors such as rise in urbanization and population growth have led to an increase in the water consumption and re-use from the municipal corporation segment, this will further augment the water treatment chemicals industry expansion.
Key companies operational in the Mexico water treatment chemicals market are SNF Floerger, Kemira, Univar, Inc., Kurimexicana, Buckman, and Ashland chemicals, Suez Water & Process Technologies. Major players are adopting various strategies such as strategic alliances, new product launches, strategic mergers, acquisitions and joint ventures to reap the benefits in the industry. For instance, in October 2017, Suez announced the acquisition of GE Water & Process Technologies. This acquisition helped the company the company in expanding the water treatment offerings & digital capabilities for delivering best-in-class solutions.
Mexico Water Treatment Chemicals Market By Product
- pH Adjusters & Softeners
- Biocides & Disinfectants
- Scale Inhibitors & Dispersants
- Oxidants, Media, Defoamers,
- Corrosion Inhibitors
Mexico Water Treatment Chemicals Market By End-Use
- Municipal Corporation
- Sewage Treatment
- Garbage Treatment
- Food & Beverage
- Iron & Steel
- Mining, Power Generation
- Pulp & Paper
- Oil & Gas
Mexico Water Treatment Chemicals Market By Application
- Cooling Water
- Municipal Water
- Boiler Water
- Membrane Water