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CHEMICALS AND ADVANCED MATERIALS

Water Treatment Chemicals Market Segmentation by Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, and Chelating Agents); and by End User (Oil & Gas, Power, Municipal, Pulp & Paper, Chemical Manufacturing, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • July 2021- Nalco Water, Ecolab’s water and process management business, announced the launch of Global Chemical, which will be a new business unit focusing on holistic approaches to water, carbon and energy challenges.

  • January 2019- BASF and Solenis completed the transfer of BASF’s paper and water chemical business to Solenis. The combined business offers increased sales and production capabilities globally.

Global Water Treatment Chemicals Market Highlights 2022 – 2030

The global water treatment chemicals market is estimated to garner a sizeable revenue by growing at a CAGR of ~5% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing demand for chemically treated water from several end user industries such as power, oil & gas, chemical manufacturing and others. Along with these, increasing adoption of saline water treatment in order to fulfil the rising water demand, and significant decrease in the number of freshwater resources are also expected to accelerate market growth in the forthcoming years. According to UNICEF, 4 billion people worldwide experience severe water scarcity for at least one month each year. Also, 700 people in the world could be displaced by intense water scarcity by 2030. Furthermore, escalating population coupled with rapid urbanization in developing countries is projected to offer profitable opportunities to the market in the near future. In addition, surge in the development of centralized facilities for fluid treatment is also evaluated to expand the market.

Water Treatment Chemicals

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The market is segmented by end user into oil & gas, power, municipal, pulp & paper, chemical manufacturing, and others, out of which, the municipal segment is anticipated to hold the largest share in the global water treatment chemicals market. This can be accounted to the high use of chemicals for treating industrial and municipal wastewater, and increasing water scarcity in several parts of the world. Apart from these, the power segment is also predicted to grab a significant share during the forecast period owing to the high requirement for water for day-to-day operations in an electric power generation plant. Additionally, on the basis of type, the coagulants & flocculants segment is assessed to acquire the largest share by the end of 2030 ascribed to the rising usage of coagulants & flocculants in the tank of chemical products of oil & gas plants. 

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals Infographic

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Water Treatment Chemicals Market Regional Synopsis

On the basis of geographical analysis, the global water treatment chemicals market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to acquire the largest share and witness noteworthy growth over the forecast period on the back of the rapidly growing urbanization, which is expected to boost the growth of end user industries of the product in the region including chemical, power and oil & gas. As per the United Nations, the levels of urbanization in Asia were approximately 50 percent in 2018. It is calculated that by 2050, India and China will be homes to 416 million and 55 million urban dwellers respectively. In addition, growing demand for heavy metals, which in turn is projected to lead to the upsurge in the requirement for pretreated water is also anticipated to drive market growth in the coming years. Moreover, the market in North America is also predicted to occupy a notable share during the forecast period, which can be credited to the rising penetration of water treatment facilities in upstream oil & gas sector, and soaring water scarcity in the region.

Water Treatment Chemicals Market

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The global water treatment chemicals market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global water treatment chemicals market includes the following segments:

By Type

  • Coagulants & Flocculants
  • Corrosion Inhibitors
  • Scale Inhibitors
  • Biocides & Disinfectants
  • Chelating Agents

By End User

  • Oil & Gas
  • Power
  • Municipal
  • Pulp & Paper
  • Chemical Manufacturing
  • Others

Growth Drivers

  • Growing Demand for Chemically Treated Water from End User Industries
  • Increasing Adoption of Saline Water Treatment to Fulfill Demand for Water

Challenges

  • Availability of Alternative Water Treatment Technologies

Top Featured Companies Dominating the Market

  • BASF SE
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Ecolab Inc.
  • Solenis LLC
  • Akzo Nobel N.V. 
  • Kemira OYJ
  • The Dow Chemical Company
  • Snf Floerger
  • Solenis LLC
  • Suez S.A.
  • Lonza Group

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