Water Treatment Chemicals Market Size

The Water Treatment Chemicals Market is projected to grow from USD 34.3 billion in 2024 to USD 44.47 billion by 2032.

BASF SE (Germany), Bayer AG (Germany), Biobest Group NV (Belgium), Certis USA L.L.C (US), Novozymes A/S (Denmark), Marrone Bio innovations (US), Syngenta AG (Switzerland), Nufarm (Australia), Som Phytopharma India Ltd (India), Valent Biosciences LLC. (US), BioWorks, Inc. (US), STK Bio-ag (Philippines), UPL (India), FMC Corporation (US), Koppert (Netherlands), IPL Biologicals (India), Pro Farm Group Inc. (US), Vegalab S.A (US), BIONEMA (Wales), Isagro S.p.A (Italy) 

Rapidly increasing population of the world coupled with urbanization has resulted in high use of freshwater resources in recent years. Since there is only a limited supply of fresh water, this overuse has resulted in scarcity of freshwater resources, thereby promoting the usage of water treatment chemicals to treat waste and saline water.   

Water treatment chemicals companies should focus and invest in the development of chemicals that are eco-friendly and compliant with modern sustainability mandates as well. Growing emphasis on environment conservation and bans of use of toxic chemicals will create lucrative opportunities for sustainable water treatment chemicals.  

North America is projected to account for a dominant share of the global water treatment chemicals market owing to high use of recycled water across this region. Scarcity of freshwater supply and imposition of strict regulations for water treatment across all industry verticals is also boosting sales of water treatment chemicals in this region. The presence of multiple energy generation plants and the requirement of water treatment is also contributing to this region's dominance. Canada and the United States are slated to be the top markets in North America for water treatment chemical companies.  

Chemicals for water treatments can be coagulants & flocculants, corrosion inhibitors & scale inhibitors, biocides & disinfectants, liquid chelants, anti-foaming agents and pH adjusters. These are used extensively since they are very effective at removing contaminants and improving the overall treatment process.

Water treatment chemicals are typically used from synthetic and bio-based products, with the market typically being dominated by synthetic chemicals because they are abundant as well as their efficiency in both industrial and municipal application.

The largest share of the water treatment chemicals market is coagulants and flocculants, which have widespread use in many water treatment processes and can remove up to 90% of suspended materials in wastewater.

They have key applications in raw water treatment, boiler water treatment, cooling water treatment and water desalinization, with raw water treatment dominating as they are used for pretreatment of water for domestic and industrial use.

Industrial, residential and commercial entities all contribute to demand, but industrial users provide the most significant contributions through strict water regulations and mandates for reuse.  Key segments of industry include power, oil & gas and municipalities. 

Although construction activity is not mentioned, it has a meaningful impact upon the water treatment chemicals demand indirectly. Factors like urbanization and clean water mandates versus wastewater management represent some of these indirect influences especially for the developing areas of the world.

Asia-Pacific is the fastest growing region due to the combination of factors such as increasing industrialization, urbanization, pressures for greater demand for potable water, and water pollution regulations in key countries such as China, India, and Japan.

Recent developments indicate the scale of changes taking place in the market.  Changes such as Kurita's new venture in India, Solenis acquiring CedarChem, and Gradiant creating CURE Chemicals for new commercial treatment solutions certainly indicates the expansion and innovation happening in the market.

The significant growth in raw water treatment, particularly related to safe use for industrial and human purposes is supporting demand for water treatment chemicals to the extent that the input water will be cleaner, and the equipment will function better.