CHICAGO , July 28, 2022 /PRNewswire/ -- Water Treatment Chemicals Market size is estimated to reach USD 42.2 billion by 2027 from USD 35.9 billion in 2022, growing at a CAGR of 3.2% during the forecast period, as per the new recent study published by MarketsandMarkets™.
Water Treatment Chemicals are the chemical compounds used in the treatment of water to remove impurities, which cause scales, corrosion, high turbidity, and biological imbalance. Water treatment chemicals are majorly used in the municipal, commercial, and industrial end-use for water treatment. The type and degree of water treatment strongly depend on the source of the water and its intended use. Water for domestic use must be thoroughly disinfected to remove microorganisms before supply to households. On the other hand, industrial water may contain microorganisms, but must be treated to a certain extent to turn the water soft and to prevent scale formation and corrosion.
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Asia Pacific is projected to grow the fastest in the overall water treatment chemicals market during the forecast period
Asia Pacific is projected to be the fastest growing region for water treatment chemicals between 2022 and 2027. The emerging economies of the region such as China , India , Indonesia , and South Korea are witnessing increasing demand of water treatment chemicals due to rising awareness about the water and wastewater treatment coupled with the rapid industrial and infrastructural development. These factors are expected to support the growth of water treatment chemicals market in the Asia Pacific region. Additionally, the government regulations towards water treatment are increasing the demand of water treatment chemicals in the region.
Key Players in Water Treatment Chemicals Market:
Kurita Water Industries Ltd. (Japan ),
Arxada (Switzerland ) are some of the major players operating in the water treatment chemicals market.
Water Treatment Chemicals Market Dynamics:
Driver: Increasing demand for chemically treated water in various end-use industries
Growth of various end-use industries including oil & gas, power, food & beverage, and chemicals, particularly in emerging regions such as Asia Pacific , and South America drives the growth of water treatment chemicals market. Water treatment using chemicals is cost-effective than that of physical water treatment using advanced technologies such as UV filtration, RO, and ion exchange, which further supports the market growth.
Restrain: Alternative water treatment technologies
Alternative water treatment technologies such as reverse osmosis (RO), ultrafiltration, and UV disinfection restrains the growth water treatment chemicals market. Advance technologies minimize the utilization of water treatment chemicals. Owing to the rising environmental concerns and regulations, end users are looking for sustainable options for water treatment. For instance, Environmental Protection Agency (EPA) regulations encourage the use of UV disinfection over the chlorine-based biocides.
Opportunity: Rising scarcity of freshwater
The scarcity of freshwater is a major concern faced by industries and society in general. Industries require large volumes of water in production processes, generating industrial wastewater. Recycling and reusing water will be essential for companies to manage water as it is a scarce resource. Growing industrialization is expected to require increasing water resources in the coming years. This growth is expected to create new opportunities for the water treatment chemicals market.
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Challenge: Need for eco-friendly formulations and vulnerability regarding copying of patents
The major factors inhibiting the water treatment chemicals market growth are the stringent environmental regulations implemented by governments and various agencies such as EPA. End users of water treatment chemicals are looking for environment friendly water treatment chemicals and sustainable options for water treatment. However, manufacturers face problems in costs and profits in green chemistries, which leads to challenges in developing highly effective and economically viable environment-friendly water treatment chemicals.
Once a patented water treatment chemical is made public, it becomes vulnerable to being duplicated. Some manufacturers in Asia offer counterfeit products at lower costs, which pose a major challenge to water treatment chemical manufacturers.
Years considered for the study
Value (USD Million/ Billion), Volume (Kiloton)
North America, Europe, Asia Pacific, the Middle East & Africa, and South America
Ecolab Inc. (US), Kemira Oyj (Finland), BASF SE (Germany), Solenis LLC (US), Dow Inc. (US), Nouryon (Netherlands), Kurita Water Industries Ltd. (Japan), Veolia (France), SNF Floerger (France), Baker Hughes Company (US), and Arxada (Switzerland)
Coagulants & flocculants accounted for the largest share amongst types in the water treatment chemicals market
Coagulants & flocculants are one of the most widely used water treatment chemicals. Coagulants & flocculants are utilized in water & wastewater treatment for various applications, such as solids removal, water clarification, lime softening, sludge thickening, and solids dewatering. Incresing demand of industrial water treatment is driving the growth of this type of water treatment chemicals.
Raw water treatment accounted for the largest market share amongst applications in the water treatment chemicals market
Raw water treatment is used to remove a number of impurities, including suspended solids, silica, and bacteria, from the water obtained from various sources, such as a lake, river, well, and secondary or tertiary treatment reuse. This segment is the largest in the water treatment chemicals, based on application. Growing scarcity of freshwater will futher drive the growth of this segment.
Industrial accounted for the largest market share amongst end users in the water treatment chemicals industry
Industrial accounted for the largest market share based on end user and it is also expected to grow at a fastest growth rate in the forecast period. Water treatment chemicals are largely used in a range of end-use industries including power, oil & gas, chemicals, food & beverage, and pulp & paper. The demand of water treatment chemicals is further driven by the rising industrialization and increasing awareness regarding wastewater treatment.
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Corrosion Inhibitors Market by Compound (Organic, Inorganic), Type (Water based, Oil based and VCI), Application, End-Use (Power Generation, Oil & Gas, Metal & Mining, Pulp & Paper, Utilities, Chemical), and Region
Flocculant And Coagulants Market by Type (Flocculant (Anionic, Cationic), Organic Coagulant, and Inorganic Coagulant), End-Use Industry (Municipal Water Treatment, Pulp & Paper, Textile, Oil & Gas, Mining), and Region
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