Logo
Latin America Water Purifier Market to grow 10.03% by value: Actual Market Research
Aug, 16
2021

293 view

Latin America Water Purifier Market to grow 10.03% by value: Actual Market Research

 

pr-image.png

Even though 31% of the world’s freshwater resources are found in Latin America, the citizen has to hit the roads demanding for safe drinking water. One such protest was witnessed much recently in the year 2019, when residents of Lima hit the road, voicing against the business that has been obstructing their access to drinking water. A large chunk of the deaths is directly correlated with the effects of water pollution, an acute crisis currently taking place in Latin America. Such situations have been an aid in disguise to the water purifier market in the region, which historically recorded a growth of 7.10% in value terms and 7.17% in volume terms. A recent addition to a database of Actual Market Research- titled “Latin America Water Purifier Market Outlook, 2026” provides an in-depth insight of the market size by value and volume, analyzes the trends on factors like by types, by technology, by Sales Channel, by Region, and by country.

What adds up to the cries of the population is the fact that approximately 40% of the region’s water

the source is untreated before human consumption, as the pollutants are released into the local water bodies and transferred to the water pipelines. The presence of water purifier manufacturers like DuPont, Ecolab Inc., and Albemarle Corporation, is much likely to have a positive impact on the market. Growing demand from the water treatment segment and rising demand from the reviving construction industry are driving the market for water treatment biocides in Latin America. Through the forecasted period, the water purifier market is expected to grow with a value CAGR of 10.03%.

Latin America accounts for merely 8% of the world’s total population, with about 36 Million, surviving without clean drinking water on a daily basis. The market is also dominated by the RO water purifier segment, in 2015, yet holding to less than 50% of the market. In 2019, the major cause of the region’s water pollution was identified as droughts, climate change, lack of sewage waste treatment, oil spills, and the dumping of industrial and heavy metal waste into waters. These sources of pollution are plaguing the waters of the region and it remains a silent issue hidden from media coverage, causing the people to shift towards the water purifiers rather than simply boiling the water.

In Latin America, it is a common practice to dump raw sewage into lakes, rivers, or streams without proper treatment, presenting a serious challenge for households that are located along with these bodies of water, and also rely on them for drinking water. The gravity-based water purifier segment is expected to show a drastic incline in the market and reach a value of USD 0.68 Billion by the end of the forecasted period.

There have been various government initiatives to the water crisis in the region including digging wells, purification tablets, and the installation of pumps. While these projects remain useful, yet do not form a comprehensive approach that can solve the water crisis. The key challenge yet to be addressed is the way through which scarce resource is managed. Infrastructure, such as storage and distribution systems, needs to be put into plan rather than on paper, along with ways to allocate water across sectors to enable economic growth to be maintained in an environmentally sustainable and socially inclusive manner. On the other hand, only 20% of wastewater in Latin America is treated, which not only exposes the resident population to toxins and disease but also causes billions to be lost in potential tourism and real estate revenues.

In Brazil, there is a huge inequality in the access to the general sewage system, with a drinking water norm including 27 pesticide active ingredients that need to be monitored every 6 months, which is <10% of current active ingredients approved for use. The progress of Bolivia and Uruguay doesn’t transcend all borders within Latin America, as millions are still neglected by governments due to not having regular, affordable, safe, quality access to clean drinking water.