Water Remineralization Market Size Forecast to Reach $8.5 Billion by 2026

April 23 22:30 2021
Water Remineralization Market Size Forecast to Reach $8.5 Billion by 2026

Water Remineralization Market
Rise in Demand Because of Increase in Awareness About Safe Drinking Water Is Driving the Growth of Water Remineralization Market.

Water Remineralization Market size is forecast to reach $8.5 billion by 2026, after growing at a CAGR of 5.5% during 2021-2026. The remineralization of water is the process of adding back some minerals in the water. It is done to increase the quality of natural or treated water to a non-corrosive level for the consumption. The process is done through the post filter which contain some form of calcium and magnesium. The growth in the market is due to the increase in the usage of mineralized water in agriculture, mining, municipal water treatment system, food & beverages, and others. The challenges faced by the market is requirement of different filters for different regions and availability.

Water Remineralization Market Segment Analysis – By Process

The Reverse Osmosis process held the largest share in the Water Remineralization Market in 2020. The Reverse osmosis is the process which use a partial membrane to remove the ions and other unwanted material from the water. In the reverse osmosis process, many of the important minerals like calcium and magnesium. According to the World Health Organization there must be certain number of mineral contents in the water and standard must be followed.

Water Remineralization Market Segment Analysis – By Chemicals

The Sodium Carbonate and Calcite Limestone chemical held the largest share in the Water Remineralization Market in the year 2020. The two chemicals sodium carbonate and calcite limestone are coupled with carbon dioxide. The lack of calcium carbonate in water is treated because it becomes corrosive and lacks minerals. The chemicals are added to maintain the pH of the water and make it feasible for drinking and other domestic and industrial uses. World Health Organization recommends approximately 10mg/L of Magnesium and 30mg/L of Calcium in the drinking water.

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Water Remineralization Market Segment Analysis – By End-Use Industry

Municipal Water Systems held the largest share in the Water Remineralization Market in 2020 with CAGR of 6%. The rise in the municipal water system use is due to the rising awareness about the minerals in water. With the awareness and technology and its demand for mineralized water particularly in the regions of Asia-Pacific, North America and Europe, the demand for water remineralization is expected to see an upsurge. Remineralization has now become a critical component in the consumable water treatment industry. The integration in the value chain is witnessing growth due to the rising penetration from untapped markets. First-mover advantage in untapped regions and relatively low acquisition costs remain key driving forces in this application market. Furthermore, R&D in Remineralization of Water will support the growth of the Water Remineralization Market.

Water Remineralization Market Segment Analysis – Geography

Asia-Pacific (APAC) dominated the Water Remineralization Market in the year 2020 up to 38%, followed by North America and Europe. APAC as a whole is set to continue to be one of the largest and fastest-growing water remineralization markets globally. In APAC, China is driving much of the Water Remineralization Market demand in Asia-Pacific region followed by India and Japan. Of the five fastest-growing regions in water remineralization sector, other than U.S. all are Asian countries including China and India who majorly drive the demand for mineralized water. The number of water remineralization units that have illuminated Water Remineralization Market is growing sharply in APAC region. Currently, the Water Remineralization industry has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. In in turn has affected the demand and supply chain as well which has been restricting the growth in year 2021.

Water Remineralization Market Drivers

Rise in Demand because of increase in awareness about safe drinking water

Industrialization has led to an increase in demand for remineralized water in various industries for different purposes. The remineralized water is not only used in drinking purposes but also in the agricultural and different industrial use in order to main the minerals in the material. The increasing awareness and the guidelines from WHO is rising the demand for the remineralized water market.

Water Remineralization Market Challenges

Higher investment in setting plant for water remineralization and lack of R&D

Innovation is the key to developing new products, but most manufacturers are not investing much into R&D. Rather than cutting-edge technology, they invest in creating relevant technology. These factors are hampering the growth of the market. Water from different region required different type of treatment and remineralization according to the needs. For example, water in different region has different minerals as drinking water source in North America has higher levels of Ca2+, Na2+ and Mg2+ so the purification and remineralization are need to be done accordingly.

The emergence of COVID-19 pandemic

The emergence of COVID-19, which is declared a pandemic by the World Health Organization, is having a noticeable impact on global economic growth. Currently, the Water Remineralization Market has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. This, in turn, has affected the demand and supply chain as well which has been restricting the growth in year 2021.

Water Remineralization Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Water Remineralization Market. In 2020 the Water Remineralization Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Water Remineralization Market are Aquatech International, Della Toffola, Lenntech, Veolia Water Treatment, Evonik Industries AG, Omya Water and Energy and others.

Acquisitions/Technology Launches/ Product Launches

In April 2019, Aquatech prepared the Thermal ZLD membrane for Colombia Gold Mine because the water produced in mining has higher amount of sodium chloride, sodium, magnesium, and calcium. The membrane-based approach provided a light, flexible and a high-quality filtration.

In October 2019, Evocus launched India’s first alkaline mineral water. The company is providing more than 70 natural trace minerals that are infused into the completely purified water.

Key Takeaways

Asia Pacific dominates the Water Remineralization Market owing to rapid increase in the municipal water system.

The market drivers and restraints have been assessed to understand their impact over the forecast period.

The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

The other key areas of focus include the various applications and end use industry in Water Remineralization Market and their specific segmented revenue.

Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of Water Remineralization Market related industries has been negatively affected, thus hampering the growth of the market.

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