Water and Wastewater Chemical Revenues in Asia to Approach $12 Billion Next Year
Producers of treatment chemicals will generate revenues of $11.9 billion next year in Asia. This is the latest forecast in the continually updated McIlvaine publication: Water and Wastewater Treatment Chemicals: World Market.
Water and Wastewater Chemical Revenues, Asia, $ Millions (Image: McIlvaine)
The power industry will lead the way due in a large part to the many new coal-fired power plants which will be operating in China and other Asian countries. China is adding more coal-fired power plants each year than the total fleet in any European country except Germany. The German total fleet is only slightly above the yearly average of 50,000 MW being added in China. Power plants are large purchasers of corrosion inhibitors as well as scale inhibitors. These two chemicals groups alone will account for purchases of $2.2 billion by Asian power plants.
Municipal water and wastewater plants in Asia will purchase chemicals totaling $4.3 billion in 2014. In China, secondary municipal wastewater treatment flow is now 30,000 million gallons per day (mgd) up from just a few thousand mgd in the early 1990s. These plants will be major purchasers of polymers. Organic flocculant purchases by wastewater plants in 2014 will exceed $600 million.
Source: The McIlvaine Company