Water Treatment Chemicals Market - Forecast(2024 - 2030)

The Water Treatment Chemicals Market size is estimated to reach US$49.22 billion by 2030, after growing at a CAGR of 3.4% during the forecast period 2024-2030. Water treatment is the process of extraction of unwanted components and pollutants from the water using chemicals such as chlorine, chloramines, chlorine dioxide, biocides, coagulants, disinfectants and others. The Water Treatment Chemicals are increasingly used for applicability in boiler water chemicals, raw water treatment, water purification and others across major end-use industries, thereby acting as a driving factor in the Water Treatment Chemicals industry. In addition, surging water treatment projects and awareness for wastewater treatment and purification are propelling the growth scope for Water Treatment Chemicals. However, significant recovery is boosting the demand for Water Treatment Chemicals for a wide range of applicability and utilization in medical, electronics and other sectors. Thus, the Water Treatment Chemicals industry is anticipated to grow rapidly and contribute to the Water Treatment Chemicals Market size during the forecast period.

Key segments within the market include coagulants, flocculants, biocides, corrosion inhibitors, pH adjusters, and scale inhibitors. With increasing concerns about water scarcity, pollution, and stringent regulatory standards worldwide, the demand for water treatment chemicals is expected to witness steady growth. Emerging economies in Asia-Pacific, along with growing industrialization and urbanization, are driving significant market expansion, while technological advancements and innovations are shaping the industry landscape to meet evolving water treatment needs

The “Water Treatment Chemicals Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Water Treatment Chemicals Industry.

By Type: Coagulants & Flocculants, pH Adjusters & Softeners, Biocides, Scale Inhibitors & Dispersants, Corrosion Inhibitors, Disinfectants, Chelating Agents and Others.

By Application: Water Desalination, Raw Water Treatment, Cooling, Effluent Water Treatment, Boiler and Others.

By End-use Industry: Pulp and Paper, Municipal Water & Wastewater, Oil & Gas (Onshore and Offshore), Chemicals, Food & Beverages (Juices, Whiskey and Others), Power Generation (Thermal, Hydro and Others), Metal & Mining and Others.

By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of the Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].

• Asia-Pacific dominates the Water Treatment Chemicals Market, owing to growth factors such as the flourished base for water treatment projects, established base for chemicals, oil & gas and others and industrialization.

• The flourishing municipal water & wastewater sector across the world is propelling the demand for Water Treatment Chemicals for major utilization in desalination, raw water treatment, water purification, sewage pipeline network and others, thereby contributing to the Water Treatment Chemicals Market size.

• However, the emergence of alternative technologies such as reverse osmosis, UV disinfection and others pose a threat to Water Treatment Chemicals, thereby acting as a challenging factor in the Water Treatment Chemicals industry.

The coagulants & flocculants segment held a significant share of the Water Treatment Chemicals Market in 2022 and is projected to grow at a CAGR of 3.4% during the forecast period 2024-2030. The coagulants and flocculants have a growing demand in water treatment over other types such as biocides, defoamers, disinfectants, algaecides and others, due to their wide utilization in water purification, solids dewatering, sludge thickening, solids removal and lime softening. In addition, the growing usage of coagulants for water and wastewater treatment applications, sewage systems, industrial water treatment and others is boosting its growth scope. Thus, the coagulant & flocculants type segment is anticipated to grow rapidly in the Water Treatment Chemicals Market during the forecast period.

The municipal water & wastewater segment held a significant share of the Water Treatment Chemicals Market in 2022 and is projected to grow at a CAGR of 4.5 % during the forecast period 2024-2030. The municipal segment dominated the market in 2023 and is likely to grow during the forecast period, owing to strict regulation leading to increased usage for proper wastewater disposal. Water Treatment Chemicals have growing applicability in the municipal water & wastewater sector for raw water treatment, water purification and others. The lucrative growth prospect in the municipal water & wastewater sector is influenced by factors such as rising awareness of wastewater recycling, sewage treatment and pipeline network, with the robust scope for water and wastewater treatment activities and projects, the utilization of Water Treatment Chemicals such as chlorine, chloramine, biocides and others for water purification, sewage treatment and others is rising. Therefore, the growth opportunities for Water Treatment Chemicals in the municipal water & wastewater industry are anticipated to rise during the forecast period.

Asia-Pacific held the largest share of up to 43.6% in the Water Treatment Chemicals Market in 2023. The high demand for Water Treatment Chemicals in this region is influenced by the surging awareness for municipal waste treatment, surging utilization of treated water in power generation and industrialization. The municipal water & wastewater industry is rapidly growing in APAC due to growth factors such as purification and treatment of groundwater and sewage pipeline networks. According to International Trade Administration, China plans to build or renovate 80,000 km of sewage collection pipeline networks and increase sewage treatment capacity by 20 million cubic meters per day between 2022 and 2025. With established regulations and growth scope for the municipal water treatment sector, the utilization of Water Treatment Chemicals for water purification, raw water treatment, sewage treatment and others in APAC is growing. This, in turn, is anticipated to boost its growth scope in the Asia-Pacific region over the forecast period.

Water Treatment Chemicals have flourishing applications in the power generation sector for energy generation through hydro, thermal, nuclear and others. The power generation industry is rapidly growing due to factors such as emphasis on boosting the production of renewable energy sources and surging funding and development for energy and power generation. According to the International Energy Agency (IEA), the global renewable electricity capacity is projected to rise more than 63% from the 2022 levels to over 4800 GW by 2026. With the robust scope for the power generation sector, the utilization of water treatment chemicals in power plants such as hydro, thermal and others is increasing. This, in turn, is driving the Water Treatment Chemicals industry.

Water Treatment Chemicals such as chlorine dioxide coagulants, corrosion inhibitors, disinfectants and others have a wide range of applications in the oil & gas sector for water purification in petroleum refineries, steam generators and others. The oil & gas industry is rapidly growing due to growth factors such as flourished oil and gas sector, rising exploration and production activities and urbanization. According to the India Brand Equity Foundation (IBEF), the oil demand in India is expected to reach 11 million barrels per day by the year 2045. Thus, with the rapid growth scope of the oil & gas sector, the utilization of water treatment chemicals for water purification and treatment in petroleum refineries and onshore and offshore operations is rising exponentially. This drives the Water Treatment Chemicals industry.

The emergence of water treatment technologies such as reverse osmosis (RO), ultrafiltration and UV disinfection act as a restraining growth factor in the Water Treatment Chemicals Market. The threat from advanced alternative technologies restricts the applicability of water treatment chemicals such as chlorine, chloramine, biocides, algaecides and others. In addition, the demand for sustainable technology for water treatment over conventional treatment chemicals is creating a major challenge. For instance, Environmental Protection Agency (EPA) regulates the usage of UV disinfection technology over chlorine-based biocides. This is one of the reasons the Water Treatment Chemicals Market faces a major growth slowdown.

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Water Treatment Chemicals Market. The top 10 companies in the Water Treatment Chemicals Market are:

1. BASF SE

2. Ecolab Inc.

3. Solenis LLC

4. Akzo Nobel N.V.

5. Kemira OYJ

6. Kurita Water Industries Ltd.

7. Air Products & Chemicals

8. Nalco-Ecolab

9. BWA Water Additives

10. Ion Exchange and others.

• In 2022, Solenis acquired Clearon Corp to expand its product portfolio in water treatment chemicals. This move aimed to enhance offerings for both residential and commercial pool water and spa treatment.

• In the same year 2022, Baker Hughes, along with Dussur, Saudi Aramco, and SABIC, entered into an agreement. The collaboration focused on supplying oilfield and industrial chemicals in the Saudi Arabia region.

Report Code: AIR 0065

Report Code: CMR 85395

Report Code: CMR 0050