In a new report published by Zion Research, the research firm pegs the Indian water and waste water treatment and management market to grow at a CAGR of 6.1 percent from $1,399.4 million in 2015 and to $1,966.6 million in 2021.
Huge gap between wastewater generation and treatment in India, wastewater treatment has become a potential market.
India is a major water consumer on account of its growing economy and second largest population in the world. India faces a number of challenges for water treatment and management due to poor infrastructure and limited water availability. In the past decade, wastewater generation in India augmented from 26,254 MLD in FY2003-04 to 47,459 MLD in FY2011-12. In FY2011-12, around 33% of wastewater discharged was treated in India, Zion said in the report.
According to analysts, different types of chemicals involved in the water and waste water treatment include coagulants and flocculants, anti-foamants and defoamers, corrosion and scale inhibitors, activated carbon, biocides and others. Corrosion and scale inhibitors in the chemical industry gathered the major share of the water treatment market in India. It acquired more than 24% share of the overall market in 2015. Valves and controls dominated the overall market in 2015. Industrial application emerged as the major segment of the market and accounted for around 73% share of the total market in the same year.