PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1587725
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1587725
According to Stratistics MRC, the Global Antiscalants Market is accounted for $4.50 billion in 2024 and is expected to reach $6.90 billion by 2030 growing at a CAGR of 7.4% during the forecast period. The industry that produces, distributes, and sells chemicals intended to stop scale formation in different industrial processes is known as the antiscalants market. Antiscalants are compounds that prevent minerals like calcium sulfate and carbonate from adhering to surfaces. They are frequently utilized to increase productivity, lower maintenance costs, and stop scaling-related equipment damage in industries like cooling water systems, oil and gas, food and beverage, pulp and paper, and textiles.
According to Invest India, the market for chemicals and petrochemicals is anticipated to reach $300 billion by 2025. According to Asian Development Bank report published in 2022, despite advances in the water sector of the Asia and Pacific region, almost 500 million people in the Asia and Pacific region do not have access to basic water supplies and 1.12 billion lack access to basic sanitation.
Increasing water scarcity
Growing water scarcity is a major factor, as freshwater demand keeps rising faster than availability as a result of urbanization, population expansion, and climate change. Water resources are running low in many parts of the world, so businesses and local governments must implement efficient water management strategies in order to make the most of what is available. Antiscalants are essential for reducing scale formation in water treatment processes, especially in cooling and desalination systems, which guarantees equipment longevity and optimal performance. The market for antiscalants is expanding due to the urgent need to preserve water quality and optimize water use in settings with limited resources.
Potential environmental concerns
The composition and disposal of these compounds are the main sources of potential environmental issues in the market for antiscalants. Many conventional antiscalants contain dangerous chemicals that, if improperly handled, can leak into water sources and endanger aquatic ecosystems as well as human health. Long-term ecological harm can arise from the disposal of antiscalants and their derivatives, which can contaminate soil and water. Furthermore, factories must adhere to strict environmental requirements due to increased regulatory scrutiny, which frequently calls for expensive risk mitigation measures. There is a strong effort to create environmentally friendly substitutes that have a smaller impact on the environment.
Growth in desalination projects
The expansion of desalination plants is a major factor driving the antiscalants, especially as nations look for long-term solutions of dealing with water scarcity. Particularly in dry locations and places with few freshwater resources, desalination technology is being used more and more to turn saltwater into drinkable water. Antiscalants are crucial in these procedures because they stop mineral scales from accumulating on reverse osmosis membranes, which can reduce efficiency and raise operating expenses. The need for efficient antiscalants will further increase as governments and corporate organizations make investments in enlarging desalination infrastructure to satisfy rising water demands, which will greatly spur industry expansion and innovation.
Fluctuations in raw material prices and changing regulations
Price fluctuations for raw materials and shifting laws are major obstacles for the market for antiscalants. Antiscalant synthesis depends on a number of chemical precursors, and changes in the cost of these raw materials can have a direct effect on production costs and profitability. Furthermore, regulatory frameworks are getting stricter as environmental awareness rises, requiring adherence to new environmental and safety requirements. As a result, these kinds of shifts and modifications to regulations can cause market ambiguity, which can impact supply chains and eventually impact product availability and pricing.
Covid-19 Impact
The COVID-19 pandemic had a major effect on the market for antiscalants. At first, lockdowns in industries caused production and supply chain interruptions. The necessity for clean water sources and increased awareness of hygiene, however, also caused a spike in demand from the water treatment industry. The emphasis on effective water management increased as industries started up again, which accelerated the use of antiscalants to stop scale formation in crucial processes. Additionally, as antiscalants became necessary to ensure water quality in pharmaceutical manufacturing and other applications, the changing needs of the healthcare sector further propelled market expansion.
The liquid antiscalants segment is expected to be the largest during the forecast period
The liquid antiscalants segment is estimated to be the largest, due to their efficacy and simplicity of use in preventing scale formation in a range of industrial operations. Liquid formulations are widely used in cooling and water treatment applications because they are easy to dose and integrate into current systems. The use of liquid antiscalants is further aided by the rising need for effective water management solutions, particularly in the desalination and oil and gas industries. Furthermore, improvements in formulation technologies improve their performance, which propels market expansion in this segment.
The oil & gas segment is expected to have the highest CAGR during the forecast period
The oil & gas segment is anticipated to witness the highest CAGR during the forecast period, due to Growing production of natural gas and crude oil results in increased water volumes as a by-product, making efficient antiscalant solutions necessary to control corrosion and scaling in production facilities. The need for antiscalants is further increased by strict environmental rules that force companies to implement effective water treatment techniques. Furthermore, technological developments increase the efficacy of these compounds, making them essential for preserving equipment performance and extending operating life.
Asia Pacific is expected to have the largest market share during the forecast period because of the quickening pace of urbanization and industrialization, which has raised the need for efficient water treatment methods. Desalination plant expansions to alleviate water constraint issues are driving market expansion, especially in nations like China, India, and Australia. Antiscalants are also adopted by enterprises to comply with strict environmental requirements that aim to improve the purity of water. Growing awareness of sustainable water management techniques and the demand for effective cooling systems across a range of industries are other factors driving market growth.
North America is projected to witness the highest CAGR over the forecast period, owing to the region's robust industrial foundation, especially in industries like food and beverage, power generation, and oil and gas. The need for antiscalants to prevent scale formation in industrial equipment and reduce water use is also being driven by the growing emphasis on environmental sustainability and energy efficiency. Furthermore, enterprises are being encouraged to use antiscalants in order to comply with environmental regulations due to stringent regulatory standards pertaining to pollution control and water quality.
Key players in the market
Some of the key players profiled in the Antiscalants Market include BASF SE, Kemira Oyj, Ecolab Inc., Suez Water Technologies & Solutions, Solvay S.A., Dow Chemical Company, Clariant AG, Ashland Global Holdings Inc., BWA Water Additives, Avista Technologies, Italmatch Chemicals, Thermax Limited, Genesys International Ltd., King Lee Technologies, Accepta Ltd., American Water Chemicals Inc., Kurita Water Industries Ltd., and Veolia Water Technologies.
In October 2023, Solvay S.A. announced a research collaboration with several universities to develop innovative antiscalant solutions that reduce environmental impact while maintaining performance.
In June2023, Suez Water Technologies & Solutions introduced an advanced antiscalant formulation that improves scaling control in high-salinity water environments.
In March 2023, Ecolab Inc. announced a strategic partnership with a leading desalination technology provider to enhance their antiscalant offerings for seawater desalination.
In January 2023, BASF SE launched a new line of eco-friendly antiscalants designed for use in reverse osmosis applications, targeting the water treatment sector.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.