In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
Request InsightsPurchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively. Request Insights
IN THE NEWSApril 19, 2021: Kurita Water Industries Ltd. announced that it had successfully acquired the Canadian water treatment chemical manufacturer, Keytech Water Management.
March 22, 2021: Ecolab Inc. announced that it had launched its smart water management application, Smart Water Navigator, a free online tool which would allow business organizations to achieve their corporate water goals and understand the value of water in their operations.
The EMEA & Asia Pacific water treatment market is estimated to garner a revenue of USD 88225.8 Million by the end of 2026 by growing with a CAGR of 5.8% over the forecast period, i.e., 2020 – 2026. Further, in the year 2020, the market in these regions attained a revenue of USD 63020.3 Million. The growth of the market can primarily be attributed to the growing population in these regions and hence the increasing need for potable water. According to the statistics by the World Bank, the population around the world touched 7.753 Billion in the year 2020, up from 3.032 Billion in 1960. Further, in the European Union, Middle East & North Africa, and the East Asia & Pacific, the population touched 447794691 numbers, 464554123 numbers, and 2.353 Billion respectively in the year 2020. Moreover, with the growing concern for the lack of availability of potable water in these regions, and the increasing focus of the government to increase the availability of drinking-water service, are some of the major factors anticipated to drive the growth of the market during the forecast period. Besides this, the growing concern for the increasing incidences of water-borne diseases, such as diarrhea, cholera, dysentery, typhoid and others, caused due to the consumption of contaminated water, are driving the demand for water treatment services, which in turn is expected to accelerate the market growth.
Regionally, the EMEA & Asia Pacific water treatment market is segmented into Europe, Middle East & Africa, and the Asia Pacific. Out of the market in these regions, the market in the Asia Pacific is projected to hold the highest market share during the forecast period and further grow with the highest CAGR of 6.3% during the forecast period. The market in the region is projected to garner a revenue of USD 46262.2 Million by the end of 2026, up from USD 32010.2 Million in 2020. Growing concern for surface and groundwater pollution in the region, owing to the increasing urbanization, and economic development is one of the major factors anticipated to drive the growth of the market in the Asia Pacific. In other statistics by the World Bank, urban population as a share of total population in the East Asia & Pacific touched 60.695% in the year 2020. The market in the Asia Pacific is segmented by countries into China, India, Japan, South Korea, Singapore, Australia, Indonesia, Malaysia, Thailand, Taiwan, and the Rest of Asia Pacific. Amongst the market in these countries, the market in China is projected to garner the largest market revenue of USD 24070.3 Million by the end of 2026, up from USD 16676.3 Million in 2020. Alternatively, the market in India is projected to grow with the highest CAGR of 9.8% during the forecast period.
The EMEA & Asia Pacific water treatment market is segmented by product into chemicals, and equipment & systems. Out of these two segments, the chemicals segment is projected to garner the largest market revenue by the end of 2026, while the equipment & systems segment is projected to grow with the highest CAGR of 6.4% during the forecast period. Further, the market is segmented by application into municipal, and industrial wastewater treatment. Out of these segments, the municipal wastewater treatment segment is projected to hold the highest market share during the forecast period. The industrial wastewater treatment segment, on the other hand, is anticipated to grow with the highest CAGR of 6.1% during the forecast period. Further, on the basis of technology, the market is segmented into oil/water separation, suspended solids removal, dissolved solids removal, biological treatment/nutrient & metal recovery, disinfection/oxidation, and others. Out of these, the dissolved solids removal segment is projected to garner the largest market revenue of USD 31245.8 Million by the end of 2026, up from USD 22007.8 Million in 2020. The segment is also expected to grow with the second-highest CAGR of 6% during the forecast period.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the EMEA & Asia Pacific water treatment market that are included in our report are SUEZ, BASF SE, DuPont de Nemours, Inc., Xylem, Evoqua Water Technologies LLC, Aquatech International LLC, Ecolab Inc., Solvay SA, VEOLIA ENVIRONNMENT SA, Kurita Water Industries Ltd., and others.
FREQUENTLY ASKED QUESTIONS
The growing population and urbanization in EMEA & the Asia Pacific regions is one of the major factors anticipated to drive the growth of the market.
The market is anticipated to attain a CAGR of 5.8% over the forecast period, i.e., 2020-2026.
The lack of availability of skilled persons for operating water treatment plants is one of the major factors estimated to hamper the market growth.
The market in Europe is projected to display significant business opportunities in the near future.
The major players in the market are SUEZ, BASF SE, DuPont de Nemours, Inc., Xylem, Evoqua Water Technologies LLC, Aquatech International LLC, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product, application, technology, and by region.
The dissolved solids removal segment is projected to garner the largest market revenue of USD 31245.8 Million by the end of 2026 and display significant growth opportunities.
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