Water Treatment Chemicals Market Rising With Growth In New Technology Trends Research By 2030

Author : Mrudula Karmarkar | Published On : 15 Feb 2024

San Francisco, 15 Februay 2024: The Report Water Treatment Chemicals Market Size, Share & Trends Analysis Report By Product (Coagulants & Flocculants, Biocide & Disinfectant, Scale & Corrosion Inhibitor), By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030

The global water treatment chemicals market size is anticipated to reach USD 43.53 billion by 2030, registering a CAGR of 3.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rapid industrialization coupled with increasing awareness towards pollution and recycling of wastewater is anticipated to drive the market growth. It is explained as a process engaged in eliminating the contaminants by using various techniques. In the process, the waste or contaminated fluid is treated with chemicals to make it adequate for human consumption.

Growing worldwide consumption along with favorable government regulations for the use of chemicals is estimated to drive the market across the globe. In addition, increasing world population and growth in industrial activities is also projected to fuel the market growth. However, factors like rising prices of chemicals and growing use of chemical free technologies is projected to restrain the industry growth.

The biocides and coagulants and flocculants segments are projected to lead the market in petrochemical manufacturing and sugar and ethanol sector respectively. The increasing demand for flocculants and biocides in these applications is due to the implementation of stringent government regulations to provide quality and hygienic water for human consumption.

Limited supply of water for several industrial applications is propelled to fuel the product demand for use especially in the fertilizers, petrochemical manufacturing and refining sectors. These sectors collectively account major revenue share of the chemicals used for treatment. Recycling, growth of central wastewater treatment unit for SME’s, and advanced biological treatment technologies are a few factors contributing to the industry growth.

Europe is one of the prominent consumers of water treatment chemicals owing to large consumption of water for industrial sectors such as sugar and ethanol and petrochemical manufacturing. The most widely used chemicals in Europe comprise of corrosion inhibitors, coagulants & flocculants, and biocides among others. The Europe market is driven by implementation of high-water quality standards for several industrial applications along with stringent environmental regulations for treatment processes.

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The growth can be attributed to increasing requirements from sugar and ethanol, fertilizers, geothermal power generation, petrochemical manufacturing, and refining industries, specifically in emerging economies. The increase in demand for developing a centralized facility for fluid treatment units for medium and small-scale manufacturers for complete in-situ processes attaining zero discharge is the prominent trend prevailing in the market. The market is expected to witness promising growth in the Middle East and Africa owing to the growing adoption of saline water treatment in order to fulfill the increasing water demand. Desalination is the most prominent technology used in different parts of the Middle East. Saudi Arabia is largely dependent on desalination to meet their water requirements.

Water Treatment Chemicals Market Report Highlights

  • The coagulants & flocculants segment accounted for the largest revenue share of 38.2% in 2022 as most of the treatment plant includes the sedimentation process. Coagulation and flocculation are mostly used in the tank of chemical products of oil and gas plants.
  • The raw water treatment segment held the largest revenue share of 48.2% in 2022 owing to growing utilization in industrial settings for cooling, product formulations, rinsing, or even human consumption if it is properly purified.
  • The municipal segment accounted for the largest revenue share of around 43.1% in 2022 owing to extensive usage of the chemicals for industrial and municipal wastewater treatment applications.
  • Asia Pacific is expected to grow at a CAGR of 4.4% during the forecast period. The growth of the industrial, power, and manufacturing sectors is anticipated to augment the demand for boiler chemicals and systems in the emerging economies of Asia Pacific in the near future.

The municipal segment accounted for the largest revenue share of around 43.1% in 2022 owing to extensive usage of the chemicals for industrial and municipal wastewater treatment applications. Growing water scarcity in the developed economies of Europe and North America has pushed the major players to focus on reusing and recycling water.

Recent Development

  • In January 2023, Kemira, a chemical solutions provider for water-intensive industries, completed the full acquisition of SimAnalytics. This strategic move enhances Kemira's ability to provide data-driven predictive services and machine learning solutions to support its customers' businesses effectively. Through this acquisition, Kemira strengthens its portfolio and reinforces its commitment to delivering advanced and tailored solutions to meet evolving industry needs.
  • In September 2022, SUEZ unveiled its strategic plan for the year 2027, outlining its objective to become a trusted partner in circular solutions for water and waste management. The plan emphasizes the company's commitment to value creation through the provision of established solutions, heightened innovation, and reinforced investment capabilities. By addressing mounting environmental challenges faced by its clients, SUEZ aims to establish itself as a leading contributor in the industry. To realize this vision, the company has set forth a clear and ambitious growth strategy, targeting annual revenue growth of 4 to 5 percent by 2027. This objective will be supported by significant investment capabilities and a noteworthy 50 percent increase in research and development efforts.

Water Treatment Chemicals Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 33.31 billion

Revenue forecast in 2030

USD 43.53 billion

Growth rate

CAGR of 3.8% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

The water treatment chemicals market is fragmented in nature. Manufacturers have a high degree of integration i.e. in-house raw material production facilities and long-term supply contracts with raw material suppliers. Products manufactured by the companies are sold in domestic and international markets through various distribution channels including direct supply agreements and third-party suppliers, which not only procure the finished products from the manufacturers but also distribute them across the region through an extensive product distribution network worldwide.

List of Key Players of Water Treatment Chemicals Market

  • SUEZ
  • BASF SE
  • Ecolab
  • Solenis
  • Nouryon
  • Kemira
  • Baker Hughes Company
  • Dow
  • SNF