This industry is expanding as a result of rising demand for larger smolt recirculating aquaculture system (RAS) facilities. Compared to RAS facilities for smolt weighing between 80 and 100 grammes, larger smolt require a huge investment. A key strategy to lessen bug exposure and create fish with a high production cycle is to use larger smolt in recirculating aquaculture systems (RAS).
Over the forecast period (2023–30), the global market for Water Treatment Chemicals, which was valued at US$ 38.0 billion in 2022, is anticipated to grow at a CAGR of 6.67% in terms of revenue, reaching US$ 63.7 billion.
Leading Companies in the Water Treatment Chemicals Industry:
1. BASF S.E.: The largest chemical firm in the world, BASF was established in 1865 and is headquartered in Germany. Its products range from commonplace to specialise. The business also manufactures agricultural crop protection chemicals and automobile emissions control catalysts. Given its scale, BASF holds a position in the top three of the market in almost 70% of its companies. The sale of BASF's production facility in Kankakee, Illinois, to a division of One Rock Capital Partners, LLC, was finalised on May 31, 2021.
2. Suez S.A.: a company that offers water treatment and waste management services with the goal of protecting, enhancing, and securing the resources needed for the long term. Built in 1886. Headquarters in France, in Paris. Meridiam, GIP, and the Caisse des Dépôts Group, a consortium of shareholders, completed the purchase of SUEZ on January 31, 2022, in accordance with the June 29, 2021 put option agreement and the May 14, 2021 merger agreement between SUEZ and Veolia.
3. Kemira OYJ: Built in 1920. Headquarters in Finland's Helsinki. Water-intensive businesses can benefit from the chemical-based solutions Kemira Oyj provides. To increase the product quality, process efficiency, and resource efficiency of its customers, the business offers the best-suited products and skills. It concentrates on the oil and gas, pulp and paper, and water treatment industries.
4. BWA Water Additives: Specialty water services provider for the desalination, oilfield, and industrial and process water treatment sectors. Built in 1973. Located in England, in the United Kingdom. BWA Water Additives will be purchased by Italmatch Chemicals Group under a contract.
5. Ecolab Inc.: Ecolab manufactures and sells cleaning and sanitation supplies for the healthcare, industrial, and hospitality sectors. With a wide range of goods and services, such as dish and laundry washing systems, pest control measures, and infection control solutions, the company has the largest market share in the world in this industry. Established in 1923. Purolite, a leading global provider of fast-growing, high-value separation and purification solutions to the life sciences and critical industrial markets, will be acquired by Ecolab, with its headquarters in the United States.
6. Cortec Corporation: creator of a medical gadget intended to provide a direct interface between technology and the brain. The company's product consists of an implantable system that can record brain activity, affect it through electrical stimulation, and improve neural and technological communication, allowing doctors to treat neurological illnesses and improve patient outcomes. Founded 2010. German headquarters are in Freiburg. Cortec® Corporation USA purchases the joint venture partner's whole stake in Cortec® Southeast Asia Technologies Pvt Ltd. in Singapore.
7. DowDuPont Inc.: A diversified, international specialty chemicals corporation called DuPont was established in 2019 as a result of the merger of DowDuPont and subsequent divisions. Its portfolio includes speciality chemicals and downstream goods for the water management, construction, automotive, electronics and communication, and safety and protection sectors. head office in the United States.
Definition: Water treatment is the process of removing germs, sand particles and dirt to make the water fit for consumption.
