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

Water Treatment Chemicals Market size was valued at USD 31.11 billion in 2021 and is poised to grow from USD 32.14 billion in 2022 to USD 40.34 billion by 2030, at a CAGR of 3.3% during the forecast period (2023-2030).

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.

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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. 'AkzoNobel N.V. (Netherlands)', 'Ashland Inc. (United States)', 'BASF SE (Germany)', 'Buckman Laboratories International Inc. (United States)', '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)'

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.

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.

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.

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Global Water Treatment Chemicals Market Size, Share, Growth Analysis, By Type(Coagulants, PH Adjusters & Softeners), By End User(Industrial, Municipal) - Industry Forecast 2024-2031

Global Water Treatment Chemicals Market Insights

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