Vietnam Water Treatment Chemicals Market Outlook to 2028

Vietnam Water Treatment Chemicals Market Overview

The Vietnam water treatment chemicals market was valued at USD 287 million. This growth is driven by the increasing demand for clean water, rising industrialization, and stringent environmental regulations aimed at controlling water pollution.

Key players in the Vietnam water treatment chemicals market include BASF SE, Kemira Oyj, Ecolab Inc., SUEZ Water Technologies, and Veolia Water Technologies. These companies have established a strong presence in Vietnam, leveraging the country's industrial growth and increasing government initiatives to improve water quality across various sectors.

Solenis has acquired Cedar Chem to enhance its water and wastewater treatment capabilities in the Southeastern U.S. This acquisition expands Solenis's portfolio, adding Cedar Chem's innovative products, which serve over 300 customers and support the treatment of 1.5 billion gallons of water daily.

Ho Chi Minh City emerged as the leading region in the Vietnam water treatment chemicals market, due to the city's high population density, rapid industrialization, and the presence of major manufacturing hubs requiring extensive water treatment processes.

Vietnam Water Treatment Chemicals Market Segmentation

The Vietnam Water Treatment Chemicals Market is segmented by chemical type, application, and region.

By Chemical Type: The market is segmented into coagulants, flocculants, corrosion inhibitors, biocides & disinfectants, and others (p H adjusters, anti-foaming agents). Coagulants dominated the market due to their wide use in municipal water treatment facilities and industrial processes.

By Application: The market is segmented by application into municipal water treatment, industrial water treatment, residential water treatment, desalination, and others. Industrial water treatment held the largest market share, owing to the growth of key industries such as manufacturing, chemicals, and food & beverages, which require water treatment processes.

By Region: The market is segmented by region into North, South, East, and West. The South region dominated the market due to its well-developed industrial infrastructure, high population density, and growing demand for industrial and municipal water treatment solutions.

Vietnam Water Treatment Chemicals Market Competitive Landscape

Company Name

Establishment Year

Headquarters

BASF SE

1865

Ludwigshafen, Germany

Ecolab Inc.

1923

St. Paul, Minnesota, USA

Solenis LLC

2014

Wilmington, Delaware, USA

Kemira Oyj

1920

Helsinki, Finland

Kurita Water Industries Ltd.

1949

Tokyo, Japan

BASF SE: BASF showcased innovative water treatment solutions at WETEX 2016, focusing on the Middle East's growing desalination and wastewater treatment market. Their new products, including Sokalan RO 3500, enhance efficiency and sustainability, addressing the region's water scarcity challenges amid rising demand for reliable water supply.

Ecolab Inc.: Ecolab has launched its new Global Chemical organization, merging its Heavy Chemical and Downstream Chemical Process Industries groups. This initiative aims to address water scarcity, projected to impact 70% of the global economy by 2030, leveraging nearly 100 years of expertise in water management.

Vietnam Water Treatment Chemicals Market Analysis

Vietnam Water Treatment Chemicals Market Growth Drivers:

Urbanization and Industrialization: Urbanization and industrialization in Vietnam have led to a population growth rate of about 0.935 per 1,000 people in 2023, reflecting a 2.07% increase from the previous year. This urban influx intensifies the demand for clean water, necessitating advanced water treatment solutions.

Stricter Environmental Regulations: Stricter environmental regulations are driving the market, with the Vietnamese government focusing on reducing water pollution. Reports indicate that 80% of medical cases related to diseases like cholera and typhoid stem from polluted water, emphasizing the urgent need for effective water treatment chemicals across various sectors.

Rising Awareness of Water Scarcity: Rising awareness of water scarcity is evident, as Vietnam generated about 2,868 million m of household wastewater in 2020, with only 12% collected for treatment. This highlights the critical need for water recycling and reuse solutions, further propelling the demand for water treatment chemicals in urban and industrial areas.

Vietnam Water Treatment Chemicals Market Challenges:

High Cost of Advanced Chemicals: The high cost of advanced water treatment chemicals can reach up to 30% more than traditional options, creating financial barriers for smaller industries and municipal bodies. This limits their ability to adopt necessary technologies for effective water treatment and pollution control.

Dependence on Imports: Vietnam's chemical sector relies on imports for over 90% of basic inorganic chemicals, such as chlorine and sulfuric acid. This dependence creates supply chain vulnerabilities, leading to price fluctuations and impacting the overall pricing structure of the water treatment chemicals market. In 2019, Vietnam's chemicals import turnover was 3.29 times higher than the export turnover.

Vietnam Water Treatment Chemicals Market Government Initiatives:

National Water Treatment Plan: The Vietnamese government has implemented a National Water Treatment Plan aimed at achieving universal access to clean water by 2030. This initiative includes modernizing water treatment plants and increasing the use of eco-friendly chemicals, with a target to ensure 95%% clean water access for urban populations by 2025.

Establishment of Industrial Parks: Vietnam has established industrial parks, such as the Vietnam Water Technology Park, to foster innovation in water treatment technologies. Currently, only 30% of industrial parks in Hanoi have centralized wastewater treatment plants. The government aims to substantially enhance investment in the water treatment sector, targeting an increase in efficient practices and technologies over the next decade.

Vietnam Water Treatment Chemicals Market Future Market Outlook

The Vietnam Water Treatment Chemicals Market is expected to grow over the next five years, driven by industrial expansion and the increasing focus on environmental sustainability. The market is expected to see a rise in demand for advanced chemical solutions for wastewater treatment, with industrial and municipal applications leading the growth.

Vietnam Water Treatment Chemicals Market Future Market Trends:

Increased Focus on Green Chemistry: In the coming years, the focus on green chemistry in water treatment is expected to increase, with companies adopting environmentally friendly chemicals to align with government regulations. This shift will enhance sustainability practices, promoting the use of safer, biodegradable substances in water purification processes.

Technological Advancements in Water Treatment: In the coming years, the adoption of smart water management technologies, including AI and Io T for water quality monitoring, will drive demand for specialized chemicals tailored for advanced water treatment systems. These innovations will enhance efficiency and effectiveness, ensuring better management of water resources amid growing global demands.
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