Water Treatment Chemicals Market Forecasts to 2028 – Global Analysis By Type (Scale Inhibitors, Biocides & Disinfectants, Corrosion Inhibitors), End User (Pulp & Paper, Power, Oil & Gas, Municipal, Mining), and By Geography

Water Treatment Chemicals Market Forecasts to 2028 – Global Analysis By Type (Scale Inhibitors, Biocides & Disinfectants, Corrosion Inhibitors), End User (Pulp & Paper, Power, Oil & Gas, Municipal, Mining), and By Geography

According to Stratistics MRC, the Global Water Treatment Chemicals Market is accounted for $35.19 billion in 2022 and is expected to reach $43.76 billion by 2028 growing at a CAGR of 3.7% during the forecast period. Water constitutes an essential part of our day-to-day life and pure water is crucial for the well-being of our community. Water is a universal solvent, but solids, such as clay, fine sand, dust and rust are not soluble in water. They remain undissolved in water, resulting in cloudiness and are technically known as total suspended solids (TSS). Water treatment is done to decrease the TSS levels as per the end-user requirement, and hence differ depending on TSS level, location and application.

The global water market had an estimated value of 655 billion U.S. dollars in 2020. Wastewater treatment (water (utilities) accounted for the largest share of the market, at 29 percent. Meanwhile, the industrial water treatment segment represented roughly 11 percent. In 2020, the global water and wastewater treatment equipment market size was valued at 61.6 billion U.S. dollars. Approximately 193.61 million pounds of TRI-listed chemicals as production related waste were released to water bodies in the United States in 2020. The food manufacturing sector contributed 40 percent of the total volume of TRI chemicals released to water that year. This was followed by the petroleum products manufacturing sector, which released 15 percent of this quantity.

Market Dynamics:

Driver:

Stringent Regulations About Wastewater Treatment

Some regulatory bodies like Environmental Protection Agency (EPA), CWA, SDWA, and others are imposing regulation appropriate to industrial pardon and waste water treatments. Owing to such regulations, insist for waste water treatment chemicals enlarged considerably. The delicate regulatory and sustainability mandate have increased the claim for water purification and industrial waste water treatment, providing opportunities for water treatment chemical manufacturers. The mounting concerns in relation to environmental safety and the rising wakefulness regarding the enhanced quality of drinking water are expected to boost the demand for water treatment chemicals throughout the forecast period.

Restraint:

Stringent Government Regulations

By means of the speedy industrialization universal, large-scale release of poisonous pollutants in fresh water reserves made water unhealthy for consumption. Bearing in mind, governments all over the globe are focusing on improving the water superiority by starting strict regulatory framework, which hinders the release of poisonous pollutants directly to the water bodies and ensure appropriate water management.

Opportunity:

Growing Concern for Waterborne Diseases

The huge extent exonerate of untreated water from industrial plants, power plants, household, and commercial waste are increasing the levels of pollution in water-bodies drastically. Due to this, water in freshwater sources is being contaminated with high levels of harmful chemicals, which makes it unfit for human consumption. With the purpose of the spread of waterborne diseases, water treatment is essential, which promotes the growth of water treatment chemicals market.

Threat:

Alternative water treatment technologies

Physical water treatment technologies, like UV disinfection, RO filtration are chosen over water treatment chemicals in water treatment industries. Through the increasing environmental concern and government rules, the water treatment chemicals market is progressively affecting toward these sustainable alternatives. These technologies will diminish the use of chemicals in water treatment processes.

Covid-19 Impact

The pandemic of COVID-19 has negatively impacted different industries and countries throughout the globe. With this COVID-19 pandemic, the supply chain due to regulations on the import & export of the chemicals and raw materials got affected. Thus, the scarcity in the raw materials resulted in the production of water treatment chemicals and hence affected the market growth. The water chemicals market is struggle supply chain disruptions, including deficiency of work force, lack of raw materials, and logistical restrictions. The demand from the oil and gas sector reduced during the pandemic and decreased the demand for water and wastewater chemicals. However, the demand for water and wastewater treatment chemicals grew during the covid-19 pandemic due to the increasing awareness about clean water usage.

The flocculants and coagulants segment is expected to be the largest during the forecast period

Water treatment chemicals market for flocculants and coagulants expected to experience an exponential growth owing to the rapid development of industrial sector and urbanization. Coagulants and flocculants emerged as largest product segment and most of the treatment plants include sedimentation procedure. Coagulation and flocculation are mostly used in the tank of chemical products of oil and gas plants. The reason for adding coagulants is to remove most of the suspended solid particles from the waste water.

The industrial segment is expected to have the highest CAGR during the forecast period

The industrial segment is anticipated to have higher CAGR growth rate during the forecast period. The demand for water treatment in industrial sector is growing due to rapid industrialization in developing countries and important growth in several key markets. In addition, increasing per capita utilization power has increased the demand for the electricity over the globe, which in turn increases the demand for water treatment chemicals in the power industry.

Region with highest share:

Asia Pacific garnered the leading share during the forecast period and is anticipated to uphold this development. The rapid economic growth and urbanization likely to drive the growth of several industries, like municipal, chemical, food and beverages, oil and gas, and power generation, which, in turn, is likely to boost the demand for water treatment chemicals. Moreover, most of population relies on groundwater sources for drinking water, which are either untreated or not adequately treated by municipal water suppliers. Therefore, the need for water treatment chemicals increases. Owing to such factors, the consumption of chemicals for treatment of water in the APAC region is expected to witness high volume demand in the coming years.

Region with highest CAGR:

APAC is the highest mounting market. This is mainly certified to major growth of manufacturing sector, increasing FDI investment, shifting of manufacturing facilities, growing stringency of regulation, and rising awareness pertaining to wastewater treatment, that supports for the growth of the market. The emerging economies of the region are witnessing rising demand of water treatment chemicals due to increasing awareness about the water and waste water treatment joined with the rapid industrial and infrastructural improvement.

Key players in the market

Some of the key players profiled in the Water Treatment Chemicals Market include BASF SE, Siemens Water Technologies Corp., Ecolab Inc, E.I Dupont, Dow Water & Process Solutions, GE Water & Process Technologies, General Chemical Performance Products Llc, Akzo Nobel N.V., Cytec Industries Inc, Culligan Water Technologies Inc., Ciba Specialty Chemicals Holding Inc., Bwa Water Additives, Arch Chemicals Inc., Ashland Water Technologies, Layne Christensen Co., Cortec Corporation, Kurita Water Industries Ltd, Occidental Chemical Corp, Solvay Rhodia, Kemira Chemicals Inc.

Key Developments:

In March 2019, Kurita Water Industries Ltd. acquired water treatment chemical manufacturer U.S. Water Services Inc. in a deal worth $270 million. U.S. Water Services Inc. has strong portfolio of serving 5,000 customers across the U.S. and employs more than 500 people. With this acquisition, Kurita would strengthen its presence in North America.

In January, 2019: BASF announced its complete merge with Solenis. The combined entity aims to deliver additional value for paper and water treatment customers.

In September 2021, Ecolab launches flotation 360 under the Nalco water segment, especially for mining and mineral processing.

In October 2021, Ecolab acquired Purolite to provide high-quality purification and separation solutions. The deal is set up as a cash transaction worth about USD 3.7 billion.

Types Covered:
• Scale Inhibitors
• Biocides & Disinfectants
• Corrosion Inhibitors
• Coagulants & Flocculants
• Chelating Agents
• Anti-Foaming Agents
• Ph Adjusters & Stabilizers
• Defoamer & Defoaming Agent

Sources Covered:
• Bio-Based
• Synthetic

Applications Covered:
• Raw Water Treatment
• Water Desalination
• Cooling
• Boilers
• Effluent Water Treatment

End User Covered:
• Pulp & Paper
• Power
• Oil & Gas
• Municipal
• Mining And Mineral Processing
• Food & Beverage
• Chemicals and Fertilizers
• Commercial

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements