Market Overview:
The global ballast water chemical treatment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for treated ballast water from various end-use industries, such as container ships, dry bulk carriers, tankers, general cargos and others. In addition, stringent environmental regulations by organizations such as IMO and EPA are also driving the demand for ballast water chemical treatment systems globally. Based on type, the global ballast water chemical treatment market can be segmented into installation and calibration services; performance measurement services; recommissioning services; and others (including training & consultancy services). Installation and calibration service segment is expected to hold a major share of the global market in 2018 owing to rising demand for new BWCT systems across different regions. Performance measurement service segment is projected to grow at highest CAGR during forecast period due its ability to help ship operators improve their operational efficiency by reducing fuel consumption and greenhouse gas emissions.
Product Definition:
Ballast water chemical treatment is the process of adding chemicals to ballast water in order to kill or remove aquatic organisms. The purpose of ballast water chemical treatment is to protect ecosystems and human health by reducing the number of invasive species introduced into new areas.
Installation and Calibration:
The installation and calibration segment is expected to grow at a CAGR of XX% in the ballast water chemical treatment market. Installation and Calibration are two processes involved in treating wastewater, which are used as an intermediate step for effective removal of contaminants from effluent. In case of conventional systems, these steps serve as a pretreatment stage before the actual process begins; whereas in case of advanced systems they serve as post-treatment stages.
Performance Measurement:
Performance measurement is the process of determining and evaluating the efficiency or effectiveness of a product, service, or process. It includes monitoring processes to determine if they are producing intended results. In other words, it's a systematic way to evaluate whether an operation is working as expected when used in reference to any type of business activity.
The performance measurement in ballast water chemical treatment refers to removal efficiencies achieved through various types of equipment used for treating effluent from ships that carry cargo.
Application Insights:
Container ships were the largest application segment in terms of revenue and is expected to witness a CAGR of XX% over the forecast period. Container ships are considered as one of the most energy-efficient modes of transport, owing to which bulk carriers prefer using them for trade between Asia Pacific and Europe. Moreover, increasing use of chemical treatment products in container ships is anticipated to drive demand over the coming years.
Tankers were another significant application segment accounting for 15% share in 2015 owing to rising demand from Middle East countries such as Saudi Arabia and UAE where oil is refined locally before being exported globally including Africa nations like Nigeria that relies heavily on crude oil production activities globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 4.6% over the forecast period, which can be attributed to stringent regulations regarding water treatment and ballast water management by various regulatory bodies such as IMO, EPA, etc. Furthermore, rising awareness among ship owners about maintaining seaworthiness and operational efficiency of vessels is anticipated to propel regional demand for ballast water chemical treatment solutions over the forecast period.
Asia Pacific is expected to grow at a significant CAGR during the same period owing to increasing marine transportation activities across several Asian countries such as India, China and Japan coupled with growing offshore oil & gas exploration activities in this region will drive industry growth over next eight years.
Growth Factors:
- Stringent environmental regulations for the maritime industry to reduce the spread of aquatic invasive species (AIS) by controlling ballast water discharges.
- Increasing demand for safe and environment-friendly marine transportation fuels such as LNG and CNG.
- Growing popularity of BWCT among shipowners due to its ability to kill a wide range of microorganisms in a short time period
- Development of next-generation ballast water treatment technologies that are more efficient, compact, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Ballast Water Chemical Treatment Market Research Report
By Type
Installation and Calibration, Performance Measurement, Recommissioning
By Application
Container Ships, Dry Bulk Carriers, Tankers, General Cargos, Others
By Companies
Wartsila Corporation (Finland), Xylem Inc. (U.S.), Evoqua Water Technologies LLC (U.S.), Calgon Carbon Corporation (U.S.), Ecochlor, Inc. (U.S.), Veolia Environnement S.A. (France), Alfa Laval AB (Sweden), Trojan Marinex (Canada), Mitsubishi Heavy Industries, Ltd. (Japan), atg UV Technology (U.K.), Qingdao Headway Technology Co., Ltd. (China), JFE Engineering Corporation (Japan), Optimarin AS (Norway)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Ballast Water Chemical Treatment Market Report Segments:
The global Ballast Water Chemical Treatment market is segmented on the basis of:
Types
Installation and Calibration, Performance Measurement, Recommissioning
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Container Ships, Dry Bulk Carriers, Tankers, General Cargos, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wartsila Corporation (Finland)
- Xylem Inc. (U.S.)
- Evoqua Water Technologies LLC (U.S.)
- Calgon Carbon Corporation (U.S.)
- Ecochlor, Inc. (U.S.)
- Veolia Environnement S.A. (France)
- Alfa Laval AB (Sweden)
- Trojan Marinex (Canada)
- Mitsubishi Heavy Industries, Ltd. (Japan)
- atg UV Technology (U.K.)
- Qingdao Headway Technology Co., Ltd. (China)
- JFE Engineering Corporation (Japan)
- Optimarin AS (Norway)
Highlights of The Ballast Water Chemical Treatment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Installation and Calibration
- Performance Measurement
- Recommissioning
- By Application:
- Container Ships
- Dry Bulk Carriers
- Tankers
- General Cargos
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ballast Water Chemical Treatment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ballast water treatment is a process used to remove contaminants from ballast water before it enters the marine environment. Ballast water is typically treated with an activated carbon filter to remove organic material and metals, and then disinfected with chlorine or other chemicals.
Some of the major players in the ballast water chemical treatment market are Wartsila Corporation (Finland), Xylem Inc. (U.S.), Evoqua Water Technologies LLC (U.S.), Calgon Carbon Corporation (U.S.), Ecochlor, Inc. (U.S.), Veolia Environnement S.A. (France), Alfa Laval AB (Sweden), Trojan Marinex (Canada), Mitsubishi Heavy Industries, Ltd. (Japan), atg UV Technology (U.K.), Qingdao Headway Technology Co., Ltd. (China), JFE Engineering Corporation (Japan), Optimarin AS (Norway).
The ballast water chemical treatment market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ballast Water Chemical Treatment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ballast Water Chemical Treatment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ballast Water Chemical Treatment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ballast Water Chemical Treatment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ballast Water Chemical Treatment Market Size & Forecast, 2020-2028
4.5.1 Ballast Water Chemical Treatment Market Size and Y-o-Y Growth
4.5.2 Ballast Water Chemical Treatment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Installation and Calibration
5.2.2 Performance Measurement
5.2.3 Recommissioning
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Container Ships
6.2.2 Dry Bulk Carriers
6.2.3 Tankers
6.2.4 General Cargos
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ballast Water Chemical Treatment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ballast Water Chemical Treatment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Installation and Calibration
9.6.2 Performance Measurement
9.6.3 Recommissioning
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Container Ships
9.10.2 Dry Bulk Carriers
9.10.3 Tankers
9.10.4 General Cargos
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Installation and Calibration
10.6.2 Performance Measurement
10.6.3 Recommissioning
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Container Ships
10.10.2 Dry Bulk Carriers
10.10.3 Tankers
10.10.4 General Cargos
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Installation and Calibration
11.6.2 Performance Measurement
11.6.3 Recommissioning
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Container Ships
11.10.2 Dry Bulk Carriers
11.10.3 Tankers
11.10.4 General Cargos
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Installation and Calibration
12.6.2 Performance Measurement
12.6.3 Recommissioning
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Container Ships
12.10.2 Dry Bulk Carriers
12.10.3 Tankers
12.10.4 General Cargos
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Installation and Calibration
13.6.2 Performance Measurement
13.6.3 Recommissioning
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Container Ships
13.10.2 Dry Bulk Carriers
13.10.3 Tankers
13.10.4 General Cargos
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ballast Water Chemical Treatment Market: Competitive Dashboard
14.2 Global Ballast Water Chemical Treatment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wartsila Corporation (Finland)
14.3.2 Xylem Inc. (U.S.)
14.3.3 Evoqua Water Technologies LLC (U.S.)
14.3.4 Calgon Carbon Corporation (U.S.)
14.3.5 Ecochlor, Inc. (U.S.)
14.3.6 Veolia Environnement S.A. (France)
14.3.7 Alfa Laval AB (Sweden)
14.3.8 Trojan Marinex (Canada)
14.3.9 Mitsubishi Heavy Industries, Ltd. (Japan)
14.3.10 atg UV Technology (U.K.)
14.3.11 Qingdao Headway Technology Co., Ltd. (China)
14.3.12 JFE Engineering Corporation (Japan)
14.3.13 Optimarin AS (Norway)
