What is the global market size of Industrial Water Treatment Chemicals Market?

Global Industrial Water Treatment Chemicals Market size was valued at USD 13.80 Billion in 2022 and is poised to grow from USD 14.48 Billion in 2023 to USD 21.23 Billion by 2031, at a CAGR of 4.9% during the forecast period (2024-2031).

Industrial Water Treatment Chemicals Market Size

Industrial Water Treatment Chemicals Market Insights

Global Industrial Water Treatment Chemicals Market size was valued at USD 14.48 billion in 2023 and is poised to grow from USD 15.22 billion in 2024 to USD 22.66 billion by 2032, growing at a CAGR of 5.1% during the forecast period (2025-2032).

A high focus on sustainability is the key factor driving industrial water treatment chemicals market growth on a global level. Efforts of industries to reduce pollution and comply with sustainability mandates and the rising availability of innovative new industrial water treatment chemicals are also estimated to bolster market development across the forecast period. Water scarcity and pollution awareness are also creating new opportunities for industrial water treatment chemical providers.

Governments around the world are imposing strict environmental regulations and this is slated to boost sales of industrial water treatment chemicals among different industry verticals across the forecast period. Consequently, the market is witnessing a transition towards eco-friendly and sustainable water treatment alternatives. Ongoing research and development endeavors are also contributing to innovations in water treatment chemicals, providing enhanced performance and cost-effectiveness across various industrial applications. This evolving landscape reflects a growing commitment to sustainable water management practices across industries worldwide.

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Industrial water treatment chemicals providers are continually investing in the R&D of new chemicals to stand out from the competition and boost sales. Companies are also opting for strategies such as partnerships, collaborations, mergers, and acquisitions to amplify their business reach on a global level. Industrial water treatment chemicals market players are also focusing on incorporating sustainability in their manufacturing process to comply with the changing sustainability mandates. Industrial water treatment chemicals can also collaborate with government organizations to increase their sales and promote overall market growth as well. Emerging as well as developed economies are slated to be equally opportune for industrial water treatment chemicals manufacturers in the long run. 'Ecolab Inc. (United States) ', 'BASF SE (Germany) ', 'Dow Inc. (United States) ', 'SUEZ S.A. (France) ', 'Kemira Oyj (Finland) ', 'Solenis LLC (United States) ', 'AkzoNobel N.V. (Netherlands) ', 'SNF Floerger (France) ', 'Kurita Water Industries Ltd. (Japan) ', 'Veolia Water Technologies (France) ', 'BWA Water Additives (United States) ', 'Lonza Group (Switzerland) ', 'Baker Hughes (a GE Company) (United States) ', 'GE Water & Process Technologies (now Suez Water Technologies & Solutions) (United States) ', 'Accepta Ltd. (United Kingdom) ', 'IDEX Corporation (United States) ', 'Italmatch Chemicals S.p.A. (Italy) ', 'Aries Chemical, Inc. (United States) ', 'Aditya Birla Chemicals (India) ', 'Thermax Limited (India)'

The imposition of strict laws to conserve the environment by governments and environmental agencies is slated to bolster demand for industrial water treatment chemicals in the future. Companies are investing in the adoption of advanced water treatment solutions and this is also projected to boost industrial water treatment chemicals market growth going forward.

Rising Adoption of Sustainable Water Treatment Solutions: The transition of different industry verticals towards sustainable water treatment is slated to offer attractive money-making opportunities for industrial water treatment chemicals companies in the future. The adoption of new corporate social responsibility initiatives by different companies will also fuel industrial water treatment chemicals industry demand in the future.

Rapid industrialization, the launch of new efforts to reduce water pollution, and stringent environmental regulations in countries such as China and India are allowing the Asia Pacific region to account for a dominant industrial water treatment chemicals market share. Extensive chemical manufacturing activity and a high focus on sustainability are other factors that are slated to benefit industrial water treatment chemicals demand in the future.