Press release from Business Wire India
Source: Frost & Sullivan
Thursday, November 14, 2013 01:24 PM IST (07:54 AM GMT)
Editors: General: Consumer interest; Business: Business services, Chemicals, Water
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Frost & Sullivan: Government Regulations Sustain Uptake of Water and Wastewater Treatment Chemicals in the GCC
Educating end-users on the long-term benefits of specialty chemicals proves necessary for market growth
Dubai, United Arab Emirates, Thursday, November 14, 2013 -- (Business Wire India) -- The water and wastewater treatment chemicals market in the Gulf Corporation Council (GCC) is making considerable headway as the dire water shortage has lent momentum to water treatment activities. Industrial water reuse schemes and stringent desalination requirements are further necessitating the deployment of high-quality treatment chemicals as a means to boost operational efficiency, cost-effectiveness, and environmental sustainability.
New analysis from Frost & Sullivan (http://www.chemicals.frost.com), GCC Industrial Water and Wastewater Treatment Chemicals Market, finds that the market earned revenues of USD 396.0 million in 2012 and estimates this to reach more than USD 568.2 million in 2017. The research covers pH conditioners, coagulants, flocculants, corrosion and scale inhibitors, biocides, and disinfectants, among other chemicals.
The focus among GCC countries to diversify into downstream industries such as refining, chemicals and petrochemicals has increased water usage as well as wastewater generation, providing significant thrust to water and wastewater treatment chemicals market.
"Tighter government regulations too will encourage companies to opt for more effective water and wastewater disposal and reuse methods, and thereby increase the demand for treatment chemicals," noted Vishnu Sankaran, Associate Director and Head-Chemicals Practice, Middle East and North Africa, Frost & Sullivan. "For instance, the Treated Sewage Effluent reuse policy implemented by the Saudi Ministry of Water and Electricity serves to enforce effective water and wastewater treatment in industrial areas, in turn widening market potential."
While participants will be buoyed by the effect of regulations on their market prospects, they will also be concerned about the control that a handful of companies have over major industries. Ultimately, this skewed balance of power pushes down prices of water treatment chemicals and curbs revenues.
Moreover, end users do not fully understand the advantages of high-quality, costlier treatment specialty chemicals and prefer to rely on regular commodity chemicals. Manufacturers too are reluctant to offer these advanced solutions as customers refrain from testing these products on a large scale fearing the loss of operational efficiency and reduced profitability.
"To achieve sustainable growth, suppliers must work hand in hand with end industries in the testing and selection of specialty chemicals that have a high performance to cost ratio," added Sankaran. "Educating users on the long-term environmental, operational and profitability benefits of such chemicals is also a crucial part of this process, and will ensure a steady rise in overall sales."
If you are interested in more information on this analysis, please send an e-mail to Tanu Chopra / Paroma Bhattacharya, Corporate Communications, at tanu.chopra@frost.com / paromab@frost.com , with your full name, company name, job title, telephone number, company e-mail address, company website, city, state and country.
GCC Industrial Water and Wastewater Treatment Chemicals Market is part of the Chemicals & Materials Growth Partnership Service program. Frost & Sullivan's related studies include: Green Materials in the GCC Construction, Polypropylene Downstream Applications in the GCC Region, GCC Paints and Coatings Market, Southeast Asian Water Treatment Chemicals Market, Global Automotive Refinish Coatings Market, Global Food and Beverage Processing Support Market, and Brazilian and Argentinian Surfactants Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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GCC Industrial Water and Wastewater Treatment Chemicals Market
P597-39
CONTACT DETAILS
Paroma Bhattacharya, Corporate Communications - Middle East and North Africa, Frost & Sullivan, +91 (22) 66072047, paromab@frost.com
Tanu Chopra, Corporate Communications - Middle East and North Africa, Frost & Sullivan, +91 (22) 66072046, tanu.chopra@frost.com
Nimisha Iyer, Corporate Communications - Middle East, North Africa and South Asia, Frost & Sullivan, +91 (22) 66072007, niyer@frost.com
KEYWORDS
CONSUMER, BUSINESS SERVICES, CHEMICALS, WATER
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