Water Treatment Chemicals Market Size & Share, Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents); End-user (Oil & Gas, Power, Municipal, Pulp & Paper, Chemical Manufacturing) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3791
  • Published Date: Aug 10, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Water Treatment Chemicals Market size is poised to cross USD 70 Billion by the end of 2035, growing at a CAGR of 4% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of water treatment chemical was over USD 35 Billion. Increasing regulatory and sustainability measures put forward by various organizations all over the world on water and wastewater treatment have raised the requirement for water treatment chemicals. In developed regions such as North America and Europe, these regulations are highly strict. In Canada, the Wastewater Effluent Regulations found under the Fisheries Act consist of some minimum effluent quality standards that can be achieved with the help of water treatment chemicals.

This growth is driven by increasing demand from the sugar and ethanol, fertilizer, geothermal, petrochemical manufacturing, and refining sectors, particularly in developing markets. The market for various types of water treatment chemicals such as flocculants and coagulants, defoamers, corrosion inhibitors, and pH improvers is expected to grow exponentially owing to the rapid development and urbanization of the industrial sector.


Water Treatment Chemicals Market
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Water Treatment Chemicals Market: Key Insights

Base Year

2022

Forecast Year

2023 – 2035

CAGR

~4%

Base Year Market Size (2022)

~USD 35 billion

Forecast Year Market Size (2035)

~USD 70 billion

Regional Synopsis

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Water Treatment Chemical Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Surge in Adoption of Saline Water Treatment – In recent times many countries including the Middle East have adopted the process of saline water treatment or desalination process in order to accomplish the consumption of clean water. Many regions around the world are still dependent on desalination technology for meeting their water needs. Desalination is one of the most widely used processes for obtaining clean water and it uses coagulant substances, scale-inhibiting agents, and biocides on a large scale. The global water demand is estimated to increase by 55% in 2050 as per the report of the United Nations.
  • Growing Investment and Development in Industrialization - As a consequence of development in developed and developing countries crucial investment can be seen in various end-user industries such as oil & gas, paper & pulp, food & beverage, personal care, and others. For instance, China’s 40% global textile export in 2019 was attributed to private sector investment in the textile industry. The need for water treatment chemicals has increased as a consequence of development and investment in various industries.
  • Increasing Scarcity of Freshwater - The scarcity of water is one of the significant and major concerns prevalent in society faced by industries and people in general. As per the UNICEF report, around 4 billion people all across the world suffer from water scarcity. Industries require large amounts of water for the production process and generate large amounts of wastewater too. Increasing industrialization is expected to rise the demand for more water resources.
  • Rising Demand for Freshwater in Municipal and Industrial Sectors - Day-by-day increasing urbanization has raised the demand for municipal water treatment owing to rising demand for clean water and sanitization services. The escalating world population and economic development are boosting the demand for municipal and industrial water treatment which is further expected to propel the market growth.

Challenges

  • Availability of Alternative Water Treatment Technologies – Alternative Water treatment technologies such as ultrafiltration, RO, and UV disinfection is expected to limit the market growth in the upcoming times. Technological advancement minimizes the application of water treatment chemicals. Also, owing to increasing environmental regulations and measures end user industries are looking for more sustainable choices for water treatments.
  • Vulnerability Regarding Copying the Patents
  • Requirement for Eco-friendly Formulation


Water Treatment Chemicals Segmentation

End-User (Oil & Gas, Power, Municipal, Pulp & Paper, Chemical Manufacturing)

The municipal segment in the water treatment chemicals market is assumed to witness the largest revenue in the predicted period. Water treatment chemicals are widely used in the municipal wastewater treatment procedure. This treatment is done in municipal wastewater before it is exposed to the environment to stop any kind of damage to the environment and prevent the spread of harmful diseases. In Mexico, there are approximately 2,477 municipal wastewater treatment plants, 2,639 wastewater purification plants, 874 potable water treatment plants, and 435 desalination units. Therefore owing to these factors the segment is estimated to grow rapidly over the upcoming decades.

Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents)

Water treatment chemicals market from the coagulants & flocculants segment is expected to hold the largest share of 40% during the forecast upcoming decades in terms of type segmentation. Coagulants and flocculants are one of the most widely used water treatment chemicals highly consumed owing to their wide variety of properties and easier usage for the treatment of water. Therefore owing to these factors the segment is estimated to grow rapidly over the upcoming decades.

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

   Type

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

   End User

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

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Water Treatment Chemicals Industry - Regional Synopsis

APAC Market Forecast

The water treatment chemicals market in the Asia Pacific is estimated to acquire the largest share of 37% and witness significant growth over the forecast period on the back of 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.

Furthermore, increasing urbanization and growth in China are projected to fuel numerous industries such as municipal, industrial, food & beverage, oil & gas, and others, owing to the high need for fresh water in these sectors, which is expected to drive the growth of the market. As per International Trade Administration, China is planning to construct 80,000 km sewage collection pipeline networks and grow the sewage treatment capacity by 20 million cubic meters between 2021 and 2025.

North American Market Statistics

The water treatment chemicals market in North America is also predicted to occupy a notable share during the estimated period, which can be credited to the rising penetration of water treatment facilities in the upstream oil & gas sector, and soaring water scarcity in the region.

Furthermore, In Canada and the United States, the increasing demand for water and wastewater treatment in the municipal and industrial sectors owing to the wide properties of water treatment chemicals is estimated to drive market growth. The United States Environmental Protection Agency (USEPA) places a strong focus on the improvement of water and sewage facilities, especially in the local wastewater treatment domain, and plans to invest an estimated USD 600 billion in capital improvements over the next 20 years.

Research Nester
Water Treatment Chemicals Market Size
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Companies Dominating the Water Treatment Chemicals Landscape

top-features-companies
    • 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

In-the-news

In The News

  • Nalco Water, Ecolab Inc’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.
  • BASF SE and Solenis LLC completed the transfer of BASF’s paper and water chemical business to Solenis. The combined business offers increased sales and production capabilities globally.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3791
  • Published Date: Aug 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the market growth are the growing demand for chemically treated water from end-user industries and the increasing adoption of saline water treatment to fulfill water demand.

The market is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2023 – 2035.

The major players in the market are BASF SE, Ecolab Inc., Solenis LLC, Akzo Nobel N.V., Kemira OYJ, and others.

The municipal segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in Asia Pacific is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Water Treatment Chemicals Market Report Scope
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