USD 32.14 billion
Global Water Treatment Chemicals Market Size, Share, Growth Analysis, By Type(Coagulants, PH Adjusters & Softeners), By End User(Industrial, Municipal) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2335 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
67 |
Figures:
77
Global Water Treatment Chemicals Market Insights
Global Water Treatment Chemicals Market size was valued at USD 32.14 billion in 2022 and is poised to grow from USD 33.20 billion in 2023 to USD 43.05 billion by 2031, growing at a CAGR of 3.30% during the forecast period (2024-2031).
The market expansion can be ascribed to rising demand for sugar, ethanol, fertilisers, geothermal energy production, and petrochemical manufacture, particularly in emerging economies. Due to the increased use of saline water treatment to meet the region's rising water demand, the market is also anticipated to expand with promise in the Middle East and Africa. The most common technology in use across the Middle East is desalination. Saudi Arabia relies heavily on desalination to meet its water needs. Because so much water is used by industries like petrochemicals, oil, and gas, the region has become one of the major consumers of industrial chemicals. Desalination, which makes use of coagulants, scale inhibitors, and biocides, is the method that is most frequently used in the area. In Mexico, the water treatment sector is anticipated to grow at a strong rate. There were many wastewater treatment facilities around the nation. It has around 2,477 municipal wastewater treatment plants, 2,639 wastewater treatment plants, 874 potable water treatment plants, and 435 desalination plants. According to ongoing study in the nation, the government would prioritise building municipal wastewater treatment plants, particularly in urban areas, which is projected to increase demand for water treatment chemicals.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Industrial
Fastest Growth
Industrial
Growth Rate
3.30% CAGR
Global Water Treatment Chemicals Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
Global Water Treatment Chemicals Market Size By End User 2022-2030 ($ Bn)
Global Water Treatment Chemicals Market Size By End User 2022-2030 (%)
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Global Water Treatment Chemicals Market Segmental Analysis
Global Water Treatment Chemicals Market is segmented on the basis of application, type, end user and region. by type, the market is segmented into coagulants, ph adjusters & softeners, flocculants, biocides & disinfectants, scale inhibitors & dispersants, corrosion inhibitors, others. By application, market is segmented into raw water treatment, water desalination, cooling, boiler, effluent water treatment, others. By end user, the market is segmented into industrial, municipal, others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Water Treatment Chemicals Market Analysis by Application
Due to its expanding use in industrial settings for chilling, product formulation, rinsing, and, if adequately filtered, human consumption, raw water treatment became the most popular application category with a market share of about 47.2% in 2022. In order to increase the effectiveness of a process and the efficiency of the final product for a certain application, it is utilized to pretreat water from the source. It focuses on preventing corrosion, scaling and fouling, as well as any other types of damage, from occurring to industrial machinery. Since each procedure is created to address a particular treatment need, they may differ from one another.
Due to its extensive use in the petrochemical industry, boilers have become a popular application category. To prevent damage from impurities existing in the boiler or feeds, boiler water treatment is utilized to protect the boiler's internal workings and pipework. Suspended solids, organic material like aluminium, silica, copper, calcium, iron, and magnesium, dissolved gases with a high degree of hardness, and dissolved solids are just a few of the contaminants that may be present. Without effective boiler treatment, boiler feed water can cause scaling, fouling, and corrosion in the boiler and downstream equipment. This can lead to high maintenance costs, unplanned plant shutdowns, and boiler failure, which can result in higher fuel costs.
Global Water Treatment Chemicals Market Analysis by Type
With a predicted CAGR of 5.60% during the forecast period, the corrosion inhibitors segment is expected to be a significant contributor to the water treatment market. Corrosion inhibitors play a crucial role in water treatment by reacting with metallic surfaces and creating a layer that shields the surface from further corrosion. There are several types of corrosion inhibitors used for water treatment, including passivity inhibitors, cathodic and anodic inhibitors, organic and inorganic inhibitors, precipitation-inducing inhibitors, and volatile corrosion inhibitors.
The use of organic, inorganic, or a combination of both coagulants in water treatment is also expected to drive market expansion. Metal coagulants based on aluminum and iron are commonly used to remove suspended solids from water. Aluminum sulfate, aluminum chloride, and sodium aluminate are the primary ingredients in aluminum-based coagulants, while iron-based coagulants contain ferric sulfate, ferrous sulfate, ferric chloride, and ferric chloride sulfate. Organic coagulants are expected to see an increase in demand during the forecast period as they help reduce sludge production.
Global Water Treatment Chemicals Market Size By End User 2022(%), 2023 (%)
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Global Water Treatment Chemicals Market Regional Insights
Asia-Pacific currently holds the largest share of the global market for water treatment chemicals and is anticipated to expand at a CAGR of 5.55% over the projected period. The industrial water treatment chemicals market is dominated by Asia-Pacific. China, Japan, India, Australia, South Korea, and the rest of the Asia-Pacific area are the main countries reporting the trend of water treatment chemicals. The market for water treatment chemicals in the Asia-Pacific region is dominated by China. Thanks to end-user industries like power, the chemical industry, mining, food processing, and others, China's economy is expanding quickly. These industries need water as an input or as a byproduct of producing wastewater.
Over the projection period, North America is expected to expand at a CAGR of 5.20%. Due to a rise in demand for water and wastewater treatment from the industrial and municipal sectors in the North American area, the market for chemicals used in water treatment will grow during the anticipated period. Drinking water treatment is becoming more prevalent in this area due to contamination and a scarcity of pure water. The most popular chemical for safe drinking water treatment in homes in the United States and Canada is chlorine. The U.S. Environmental Protection Agency (EPA) is responsible for enforcing laws governing drinking water and wastewater under the Clean Water Act (CWA), which boosts the market for chemicals used in water treatment.
Global Water Treatment Chemicals Market Size By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global Water Treatment Chemicals Market Dynamics
Global Water Treatment Chemicals Market Drivers
Increasing demand for Clean and Safe Water to bring Lucrative Sales Opportunities
- The escalating demand for clean and safe water is a critical driver in the Water Treatment Chemicals Market. As global populations grow and industrialization expands, the need for treating water to remove contaminants and ensure its safety becomes paramount. Factors such as pollution, urbanization, and industrial discharges have led to water quality degradation in many regions. This has fueled the adoption of water treatment chemicals by municipalities, industries, and households to purify water for consumption, industrial processes, and agricultural use. As awareness of waterborne diseases and environmental concerns rises, the demand for effective water treatment solutions is expected to increase significantly, driving the market's growth.
Global Water Treatment Chemicals Market Restraints
Regional Water Scarcity to Hinder market growth
- The regional variability in water scarcity levels is a significant restraint in the Water Treatment Chemicals Market. Water scarcity is unique across all regions, creating challenges for market players. While some areas face acute shortages and high demand for water treatment solutions, others have more abundant water resources and lower demand. This regional disparity affects the market's growth potential and necessitates tailored market entry and expansion strategies. Companies must navigate complex regulatory frameworks and varying customer needs based on the severity of water scarcity in different regions, adapting and customizing their offerings accordingly is crucial.
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Global Water Treatment Chemicals Market Competitive Landscape
The competitive landscape of the water treatment chemicals industry includes information by competitors. Detailed information is provided, including a company overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production sites and facilities, production capacity, company strengths and weaknesses, and more. product launches, product breadth and depth, and application dominance. Only the companies' focus on the market for water treatment chemicals is represented by the aforementioned data points.
Top Player’s Company Profiles in Global Water Treatment Chemicals Market
- BASF SE (Germany)
- ChemTreat Inc. (United States)
- Cortec Corporation (United States)
- Ecolab Inc. (United States)
- GE Water & Process Technologies (United States)
- Huntsman Corporation (United States)
- Kemira Oyj (Finland)
- Kurita Water Industries Ltd. (Japan)
- Lonza Group Ltd. (Switzerland)
- Nalco Holding Company (United States)
- National Aluminium Company Limited (NALCO) (India)
- Olin Corporation (United States)
- Solenis LLC (United States)
- SNF Floerger Group (France)
- Suez SA (France)
- The Dow Chemical Company (United States)
- Thermax Limited (India)
- Veolia Environnement S.A. (France)
- W. R. Grace & Co. (United States)
Global Water Treatment Chemicals Market Recent Developments
- In September 2022, Toray Industries, Inc. opened the Toray India Water Research Center in Chennai, India. The center will step up R&D into applications for its water-treatment membrane technology to help India meet surging treatment demand.
- In August 2022, Daiki Axis is building its second sewage treatment facility with a capacity of 1,000 units at Palwal, Haryana, under its subsidiary Daiki Axis India.
Global Water Treatment Chemicals Key Market Trends
- A key market trend across various industries is the growing emphasis on sustainability and environmental responsibility. Consumers, governments, and businesses are increasingly prioritizing eco-friendly practices and products. This trend is reshaping markets by driving demand for sustainable materials, energy-efficient technologies, carbon footprint reduction strategies, and green packaging solutions. Companies are responding by adopting sustainable practices throughout their value chains, promoting transparency, and investing in renewable energy sources. This shift reflects a broader societal concern for the environment and presents opportunities for businesses to innovate, differentiate their offerings, and meet evolving consumer expectations for products and services that contribute to a more sustainable future.
Global Water Treatment Chemicals Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the industry that manufactures and supplies chemicals used in the treatment of water for a variety of uses, including drinking, industrial activities, and wastewater treatment, is referred to as the global water treatment chemicals market. The market is driven by the rising need for clean water brought on by population growth, industrialisation, and urbanisation. The country part of the water treatment chemicals market study also includes information on market-specific market driving factors and domestic market regulatory changes that affect the market's current and future trends. Manufacturing locations, Consumption levels, and volumes, import-export analysis, cost of raw materials, price trend analysis, and upstream and downstream value chain analyses are a few of the important indicators used to estimate the market scenario. When providing forecast analysis of the country data, it takes into account the presence and accessibility of international brands, the difficulties they face due to strong or weak competition from local and domestic brands, the impact of domestic tariffs, and trade routes.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 32.14 billion |
| Market size value in 2031 | USD 43.05 billion |
| Growth Rate | 3.30% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Water Treatment Chemicals Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Water Treatment Chemicals Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Water Treatment Chemicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Water Treatment Chemicals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Water Treatment Chemicals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Water Treatment Chemicals Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Water Treatment Chemicals Market Report Snapshots
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