Water Treatment Chemicals Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Water Treatment Chemicals Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Water Treatment Chemicals Market

The water treatment chemicals market size was valued at USD 35.36 billion in 2023, and the market is now projected to grow from USD 37.45 billion in 2024 to USD 61.05 billion by 2032, exhibiting a CAGR of 6.3 % during the forecast period of 2024-2032.

The COVID-19 pandemic played a serious role in the water treatment chemicals industry. Initially, the lockdowns and slower economy created a crisis in the production and supply chains that, thus, resulted to a drop of demand from the key sectors, namely manufacturing and hospitality. Although the cleanliness and sanitation are the main factors that restrict the virus spread, the strictness of the cleanliness and sanitation in the residential and healthcare sectors has grown.

In addition, the environmental changes and the awareness of water safety have brought about the innovation and adaptation in the industry and hence the water treatment chemicals market is growing rapidly, this is because of the increase of the world demand for clean water and the tougher environmental regulations that the countries are setting. Many factors, for instance, fast industrialization, especially in the developing economies and the increased awareness of the need for water conservation, are the main players of the development of this sector. The whole industries and municipalities are endeavoring to meet the stricter requirements of water quality thus the demand for a variety of treatment chemicals are on the rise. All of these factors are amplifying the water treatment chemicals market growth.

Besides, the recent development of technology and innovation in chemical treatments are making the previously difficult or impossible to achieve solutions a lot more efficient and eco-friendly. This movement away from the traditional methods of production towards the eco-friendly ones is creating the investment opportunities and bringing into being the innovative products that are in turn leading to the growth of the market.

Comprehensive Analysis of Water Treatment Chemicals Market

Water treatment materials comprise different kinds like pH Conditioners, Coagulants & Flocculants, Disinfectants & Biocidal Products, Scale & Corrosion Inhibitors, Antifoam Chemicals, and Other Chemicals, playing vital parts in the preservation of water quality. These chemicals are used in all the Municipal and Industrial sectors; in the case of Municipal applications, it is for providing the public water treatment to meet health and safety standards on the other side industrial applications, these are basically for treating water for the manufacturing processes, cooling systems, and other industrial operations, this is where they are used like for corrosion prevention or microbial control.

North America is on top of the water treatment chemicals market share, all due to various driving factors. The industrial system of the region, the strict environmental rules, and the rising investments in the treatment facilities of the water make it the prominence champion. Moreover, the green movement against water pollution and the development of clean alternatives has led to the demand for high-tech treatment chemicals. North America is the main leader in the creation and the usage of the latest water treatment solutions, and that is because of the technological innovation and the environmental protection. Thus, the developed solutions are used in both industries and municipalities, to improve the access to clean and safe water

The top players in the market play a crucial role in shaping the industry's growth trajectory and setting market standards. These players include: BASF SE (Germany), Ecolab (U.S.), Kemira (Finland), Kurita Water Industries Ltd. (Japan), Air Products and Chemicals, Inc. (U.S.), American Water Chemicals, Inc. (U.S.), Lenntech B.V. (Netherlands), Thermax Limited (Netherlands), Hydrite Chemical (U.S.), Dow (U.S.).

In January 2022, Veolia Water Technologies accomplished the delivery of a compact and eco-friendly AnoxKaldnes Moving Bed Biofilm Reactor (MBBR) solution which was used for the purpose of Tokoroa wastewater treatment plant upgrade in South Waikato, located in New Zealand. This project helps the South Waikato District Council to have the nitrogen removal through the MBBR design.

Segmentation Table

Attribute Details

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.3% from 2024-2032

Unit Value (USD Billion)

Segmentation By Type

pH Conditioners

Coagulants & Flocculants

Disinfectants & Biocidal Products

Scale & Corrosion Inhibitors

Antifoam Chemicals

Other Chemicals

By Application

Municipal

Industrial

By Region

North America (By Application and Country)

U.S. (By Application)

Canada (By Application)

Europe (By Application and Country)

Germany (By Application)

U.K. (By Application)

France (By Application)

Italy (By Application)

Rest of Europe (By Application)

Asia Pacific (By Application and Country)

China (By Application)

India (By Application)

Japan (By Application)

South Korea (By Application)

Rest of Asia Pacific (By Application)

Latin America (By Application and Application)

Brazil (By Application)

Mexico (By Application)

Rest of Latin America (By Application)

Middle East & Africa (By Application and Country)

South Africa (By Application)

GCC (By Application)

Rest of the Middle East & Africa (By Application)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.