VALLEY COTTAGE, N.Y. , May 09, 2019 (GLOBE NEWSWIRE) -- Future Market Insights (FMI) has released a competition assessment analysis of 50 suppliers of water & wastewater treatment chemicals worldwide, leveraging its innovative methodology Market Edge. The methodology uses a comprehensive framework to assess the vendors relative to a set of criteria that explain success in the global water & wastewater treatment chemicals market and highlights the factors likely to be critical for success for both short- and long-term. The global water & wastewater treatment chemicals market has always been exposed to higher threshold of competitive rivalry, which frequently translates to Brownian motion among players – as a result of shift in strategies.
In total, 50 suppliers of water & wastewater treatment chemicals have been assessed in the report, of which key companies include: Ecolab, Suez, Kurita, Kemira, Berwind Corporation, BASF SE / Solenis, FMC Corporation, Chemtrade Logistics Income Fund/General Chemical Holding, Thermax, Dorf Ketal, and Danaher Corporation / ChemTreat etc.
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It is interesting that companies that account for higher market share than their peers have not been able to fare good and rank among ‘Victors’. Principal Consultant, Chemicals and Materials at FMI, Mr. Essien Jae offer his opinion on this market scenario. Mr. Jae opines that various factors such as “speed to market, response time to cater the request, capacity utilization rate, management leadership, along with strategic priority alignment with water and wastewater treatment chemicals, limit the performance of such companies, and despite being dominant, those companies are less likely to exhibit the best performance over the coming years.”
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Merger and acquisition is a norm, rather than an exception, in the global water & wastewater treatment chemicals market. Notable developments include Lanxess’ whooping US$ 3 Bn acquisition of Chemtura and following consolidation of Berwind Corporation, Suez acquiring GE Water and Process Technologies, Danaher’s ChemTreat subsidiary acquiring Lipesa Colombia, Japanese conglomerate Kurita’s acquisition of Fremont Industries, and BASF joining forces with Solenis. According to Mr. Jae, the signs are clear -- companies need to measure their position in the market reassess potential or need to get out of the business, as Titan companies in FMI’s Market Edge Matrix are aggressively addressing market needs.
Global water and wastewater treatment chemical market was valued at less than US$ 25 Bn in 2014; by 2019, the market is likely to surpass US$ 30 Bn in revenues. The growth of the market over the next five year is also impressive and projected to grow at a CAGR of over 4% in a likely market scenario.
Water & wastewater treatment chemicals finds application not only in STPs (Sewage Treatment Plants) and ETPs (Effluent Treatment Plants), but nearly three-fourth of global demand has been reported from process water treatment. Industry such as oil & gas, power, mining, pulp & paper, pharmaceutical, food & beverages and chemicals processing treat process water with chemicals to prevent capital equipment from the risk of corrosion and scaling. “Oil & gas, power and mining industries collectively contributed close to 40% to the global water & wastewater treatment chemicals market revenue in 2018, and most active companies have dedicated product offering for these applications”, said Mr. Sudip Saha, Practice Head for Market at Edge at FMI.
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About Market Edge by Future Market Insights:
Market Edge is a four-dimensional matrix developed by FMI, which takes 15 parameters into consideration and classifies each parameter into three strategic indices i.e. Growth Lever Score Index, Portfolio Lever Score Index and Operational Efficiency Lever Index. Over 50 companies across the globe engaged in water & Wastewater Treatment Chemicals production has been evaluated and benchmarked on 15 pre-defined attributes. A cumulative score of each company has been clubbed with the respective Market Share Index and a detailed matrix is developed.
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