Water Treatment Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Water Treatment Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global water treatment chemicals market size reached US$ 36.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.5 Billion by 2028, exhibiting a growth rate (CAGR) of 54.9% during 2023-2028.

Water treatment refers to the process which is carried out for eliminating impurities from water and making it fit for industrial and domestic use. It is primarily divided into four basic processes, boiler water treatment, water purification, cooling water treatment and wastewater effluent treatment. These processes assist in eliminating suspended solids, fungi, viruses, algae, bacteria and minerals present in the water. Some of the chemicals used in the water treatment process include algicides, muriatic acid, chlorine, chlorine dioxide and soda ash. As the existing water supply is insufficient to fulfil the rising demand for safe and fresh water, water treatment chemicals are increasingly being used for purifying ground, sea, and industrial wastewater.

Global Water Treatment Chemicals Industry Drivers:
With growing population and rapid industrialization across both developed and emerging markets, the demand for fresh and useable water has been proliferating. Moreover, the increasing requirement of clean water in power plants, oil and gas, metal and mining, pulp and paper, and chemical processing industries has increased the demand for water treatment chemicals. The limited availability of potable water has also given rise to the recycling of wastewater which is anticipated to contribute to the growth of the market. Apart from this, environmental concerns, stringent government regulations, increasing investment in the industrial sector, growing adoption of chemically treated water, and rising awareness among consumers about the adverse impacts of pollutants are augmenting the demand for water treatment chemicals across the globe.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global water treatment chemicals market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and end-user.

Breakup by Type:

Coagulants and Flocculants
Corrosion and Scale Inhibitors
Biocides and Disinfectants
Ph Adjusters and Softeners
Defoaming Agents
Others

Based on the type, the market has been segmented into coagulants and flocculants; corrosion and scale inhibitors; biocides and disinfectants; Ph adjusters and softeners; defoaming agents; and others. The coagulants and flocculants segment currently accounts for the largest share.

Breakup by End-User:

Municipal
Power
Oil and Gas
Mining
Chemical
Food and Beverage
Pulp and Paper
Others

Based on the end-user, the market has been segmented into municipal, power, oil and gas, mining, chemical, food and beverage, pulp and paper and others.

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for the majority of the global share.

Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being

BASF SE
Ecolab Inc.
Kemira OYJ
Solenis LLC
Akzo Nobel N.V.
Baker Hughes Incorporated
Lonza
The DOW Chemical Company
Snf Floerger
Suez S.A.

Key Questions Answered in This Report

1. What was the size of the global water treatment chemicals market in 2022?
2. What is the expected growth rate of the global water treatment chemicals market during 2023-2028?
3. What are the key factors driving the global water treatment chemicals market?
4. What has been the impact of COVID-19 on the global water treatment chemicals market?
5. What is the breakup of the global water treatment chemicals market based on the type?
6. What is the breakup of the global water treatment chemicals market based on the end-user?
7. What are the key regions in the global water treatment chemicals market?
8. Who are the key players/companies in the global water treatment chemicals market?