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The water treatment chemicals market share in Australia is estimated to increase to USD 90.38 million from 2021 to 2026 at an accelerating CAGR of 4.63%.
This market research report extensively covers the water treatment chemicals market in Australia market segmentations by the following:
This water treatment chemicals market in Australia research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The water treatment chemicals market in Australia report offers information on several market vendors, including Accepta Ltd., Albemarle Corp., Aquasol, Buckman Laboratories lnternational Inc., Challenge Chemicals, Chemdrex Chemicals, Dow Inc., Ecolab Inc., Kemira Oyj, and Solenis LLC among others.
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The increasing demand for water treatment chemicals from end-users is notably driving the water treatment chemicals market growth in Australia, although factors such as substitutes for water treatment technologies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the water treatment chemicals industry in Australia. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Water Treatment Chemicals Market Driver in Australia
One of the key factors driving the water treatment chemicals market growth in Australia is the increasing demand for water treatment chemicals from end-users. The growing disparity between water demand and supply necessitates its efficient recycling, which can be accomplished by treating it with water treatment chemicals. The demand for fresh and clean water has expanded dramatically in Australia as a result of greater industrial activities. Treatment of water waste using chemicals and physical purification methods involves different operating costs. For instance, coagulation, flocculation, and disinfection would be far less expensive than UV and RO treatment in a large-scale water treatment plant. Vendors such as MAK Water in Australia are offering a high-quality range of standard products such as gross pollutant traps (GPT) and oil/water separators (OWS) for trade waste, desalination, water recycling, water harvesting, and many other purposes to achieve optimum market penetration. Other factors such as the exploration and development of new oil fields will further support the market growth during the forecast period.
Key Water Treatment Chemicals Market Trend in Australia
One of the key Australia water treatment chemicals market trends is the use of analytics to drive efficiency such as Big data. Owing to volatility in the energy market, carbon reduction targets issued by governments, and uncertainty in resource availability, it has become important for water plant operators to increase their operational efficiencies. Furthermore, by leveraging these systems? advanced reporting capabilities, plant operators can achieve optimization through the trend analysis of the generated data. Eventually, these smart water technologies facilitate the collection, delivery, management, and analysis of data frequently, which supports smart operations at every point in the water treatment process. This trend is expected to increase the demand for water treatment chemicals in Australia during the forecast period.
Key Water Treatment Chemicals Market Challenge in Australia
One of the key challenges to the Australia water treatment chemicals market growth is the substitutes for water treatment technologies. The priority of the essential water treatment companies' R&D centers in Australia is membrane research. Nano-engineered composite membranes have recently emerged as a new innovation in membrane technology. For industrial water treatment, the EPA and Small System Compliance Technology (SSCT) have chosen RO as the best available technology. It has the ability to remove up to 99 percent of dissolved pollutants from water. According to new EPA standards, UV disinfection is preferred over chlorine-based biocides since it uses a physical mechanism to inactivate potentially hazardous microorganisms quickly. Alternative technologies like these are stifling the market for water treatment chemicals in Australia.
This water treatment chemicals market in Australia analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the water treatment chemicals market in Australia as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the water treatment chemicals market in Australia during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the water treatment chemicals market in Australia encompasses successful business strategies deployed by the key vendors. The water treatment chemicals market in Australia is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The water treatment chemicals market in Australia forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the water treatment chemicals market in Australia, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global specialty chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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The water treatment chemicals market share growth in Australia by the coagulants and flocculants segment will be significant during the forecast period. The significant increase in the demand for these chemicals in municipal and wastewater treatment in various industries such as electricity, oil & gas, chemical, and petrochemical is driving the segment will drive the growth of the market through this segment in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the water treatment chemicals market size in Australia and actionable market insights on post COVID-19 impact on each segment.
Water Treatment Chemicals Market Scope in Australia |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.63% |
Market growth 2022-2026 |
$ 90.38 million |
Market structure |
Fragmented |
YoY growth (%) |
3.41 |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Accepta Ltd., Albemarle Corp., Aquasol, Buckman Laboratories lnternational Inc., Challenge Chemicals, Chemdrex Chemicals, Dow Inc., Ecolab Inc., Kemira Oyj, and Solenis LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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