Water Treatment Chemicals Market

Global Water Treatment Chemicals Market Research Report: By Type (Flocculants and Coagulants, Biocides and Disinfectants, Defoamers and Defoaming Agents, pH Adjusters and Softeners and Corrosion Inhibitors), By Category (Boiling Water Treatment, and Cooling Water Treatment), By End-User (Electric Power Generation, Oil and Gas, Chemicals Manufacturing, Mining and Minerals Processing, Municipal, Food and Beverages, and Pulp and Paper), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.

Chemical & Material | December 2023 | Report ID: EMR00319 | Pages: 301

The global water treatment chemicals market was valued at USD 37.8 billion in 2022 and is estimated to reach approximately USD 52.8 billion by 2031, at a CAGR of 3.7% from 2023 to 2031.

 

The market for chemicals used in water treatment is an essential industry that aims to improve and purify water for use in municipal and industrial settings. It includes a broad range of substances and methods intended to purify water by getting rid of pollutants, germs, and impurities. These substances are essential to maintaining the sustainability of the environment, industrial operations, and drinking water safety. The industry has experienced significant expansion as a result of growing worldwide apprehensions about water scarcity, declining water quality, and strict restrictions concerning wastewater disposal. Coagulants, flocculants, pH adjusters, corrosion inhibitors, disinfectants, and others are important market categories. Each of these products has a distinct function in the water treatment process.  This market is continuing to rise because to the increasing need for clean, drinkable water as well as the speed at which industries and cities are industrializing and urbanizing. Businesses in this industry constantly innovate to create affordable, environmentally friendly solutions to the changing problems related to water treatment, which greatly aids in the global market's growth and sustainability initiatives.

 

 

WATER TREATMENT CHEMICALS MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2022)

37.8 Bn

Projected Market Value (2031)

52.8 Bn

Base Year

2022

Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Type, By Category, By End-User, & Region

Segments Covered

By Type, By Category, By End-User, & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Water Treatment Chemicals Market Dynamics

Growing urbanization, industrialization, and population growth around the world increase the need for clean water, which fuels market expansion. Industries are compelled to implement effective water treatment systems due to regulatory frameworks and environmental concerns that require strict standards. The creation of novel chemicals and techniques that improve treatment efficacy and sustainability is facilitated by technological improvements. Furthermore, regional differences in water quality influence market dynamics and need for customized solutions for various geographic locations. Variations in the economy have an effect on the infrastructure investment in water treatment, which in turn affects market trends and chemical demand. Greener alternatives are developed as a result of the transition to sustainable and eco-friendly activities, which encourages competition among market participants. Furthermore, market environments are changed by industry players' mergers, acquisitions, and partnerships, which has an impact on product offers and market penetration. Campaigns to raise consumer awareness and provide education on water treatment and conservation have a further effect on consumer behavior and market dynamics. The dynamics of the water treatment chemicals market are complex and influenced by a variety of factors, including consumer behavior, industrial partnerships, technological advancements, regulatory regulations, and environmental concerns. It is imperative that stakeholders comprehend these characteristics in order to effectively navigate and seize emerging possibilities within this dynamic market.

 

Global Water Treatment Chemicals Market Drivers

  • Increasing Water Contamination Concerns

The market for chemicals used in water treatment is being driven primarily by growing worries about water contamination. Public knowledge and concern about water quality have increased as a result of growing evidence of pollutants, industrial waste, agricultural runoff, and new toxins into water sources. These concerns are heightened by incidents of chemical spills, inappropriate waste disposal, and pollution brought on by urbanization. The need for efficient water treatment solutions is growing as communities become more aware of the negative effects that contaminated water sources have on the environment and public health. These worries go beyond personal use; governments in charge of public water supply and businesses that depend on water for production must pay closer attention to guarantee water safety. As a result, the use of sophisticated chemicals for water treatment becomes essential in order to eliminate various infections, pollutants, and toxins. This driver not only stimulates market expansion but also emphasizes how important these chemicals are to maintaining ecosystems, protecting public health, and providing essential water supplies for present and future generations.

  • Growing Industrialization and Urbanization

As metropolitan areas expand and industry burgeon, the burden on water resources amplifies. Mining, industry, and energy generation are among the industries that depend on large volumes of water for their operations. At the same time, population density increases in metropolitan areas lead to higher household water use and trash production. As a result, wastewater flow from both industrial and municipal sources rises and contains a wide range of toxins and pollutants. Strong water treatment becomes essential to remedy this. Modern water treatment chemicals are required by the expanding urban and industrial sectors in order to effectively recycle, cleanse, and reuse water. This force propels advancements in treatment techniques and the creation of specialized compounds to counteract a variety of contaminants resulting from urban activities and industrial processes. Consequently, the market for water treatment chemicals grows rapidly, providing customized solutions to businesses and governments looking to meet legal requirements, improve sustainability, and guarantee clean water availability in the face of growing demands and environmental stresses.

 

Restraints:

  • Limited Access to Clean Water Technologies

This limitation is more common in some areas, particularly in developing countries or isolated places, and it is caused by a number of circumstances. The application of state-of-the-art water treatment technology is impeded by inadequate infrastructure and financial constraints, which limits access to advanced purification techniques. Furthermore, this restriction is made worse by a lack of technical know-how and trained staff, which makes it more difficult to maintain and operate cutting-edge treatment equipment. Economic inequality makes matters worse by making it difficult for underprivileged populations to acquire or obtain these technologies, which keeps them dependent on antiquated and frequently ineffective conventional water treatment techniques. This restriction disproportionately affects vulnerable populations by dividing access to clean and secure water resources. Governments, non-governmental organizations, and the commercial sector must work together to address this issue by making infrastructural investments, facilitating technology transfer, offering training, and creating affordable solutions that are suited to the particular requirements of these neglected areas. By removing this barrier, we can reduce the incidence of waterborne illnesses and close the gap in global water accessibility, which will promote equitable and sustainable development. 

  • Health and Safety Concerns

Even though they are useful in cleaning water, several chemicals used in water treatment procedures can be harmful to your health if handled carelessly or applied incorrectly. For example, improperly dosed disinfectants or coagulants can leave behind hazardous residues that could be consumed and have an impact on public health. Furthermore, workers who handle or apply particular chemicals may be exposed to health risks over an extended period of time. In addition to governmental scrutiny and public fear, concerns regarding potential toxicity, carcinogenicity, or negative effects on aquatic life are also present. Due to increased scrutiny, chemical manufacturers and users must follow strict safety procedures and take appropriate handling, storage, and disposal measures, which raises operational costs and complicates operations.  Moreover, an extra degree of complication is introduced by the requirement to continuously monitor and follow safety rules and standards, which discourages certain businesses from using sophisticated but possibly safer chemical alternatives. In order to reduce hazards and guarantee the safe and responsible use of chemicals used in water treatment, these concerns call for ongoing research, strict safety procedures, and regulatory compliance measures that address both environmental and human health safety issues.

 

Opportunities:

  • Emerging Technologies and Innovations

Transformative water treatment solutions are made possible by ongoing technological innovation and developments including membrane filtration, nanotechnology, and smart monitoring systems. For example, nanotechnology presents the possibility of extremely effective filtering systems that can eliminate minute impurities, opening the door to safer and cleaner water. Selective pollution removal is made possible by advanced membrane technologies, offering more focused and efficient treatment options. Furthermore, real-time insights into water quality are provided by smart monitoring systems with sensors and data analytics, which improve operational effectiveness and allow for early detection and resolution of possible problems. By using less energy, chemicals, and waste, these advances promote sustainability in addition to increasing the effectiveness of water treatment procedures. They provide manufacturers with chances to create environmentally friendly compounds and solutions that are suited to deal with particular pollutants, thereby satisfying ever-tougher regulatory requirements. These developments also draw funding, which encourages partnerships between producers of chemicals, water treatment services, and developers of technology to produce integrated and all-encompassing solutions.

  • Water Reuse and Recycling Initiatives

Reusing and recycling water become essential tactics to relieve pressure on freshwater supplies as the world's water scarcity worsens. To filter and treat wastewater to levels appropriate for a variety of non-potable purposes, such as agricultural irrigation, industrial activities, and even the generation of potable water, these programs necessitate complex treatment procedures and specific chemicals. To meet strict quality requirements for recycled water, customized chemical solutions and cutting-edge treatment methods are essential. This focus on water reuse minimizes the impact on the environment by relieving pressure on conventional water sources while also addressing concerns about scarcity. It encourages the creation of novel chemical compositions and treatment strategies that effectively target particular pollutants present in wastewater. Water treatment chemical companies take use of this to develop customized products that are tailored for various reuse applications, helping to shift the paradigm of water management toward one that is more sustainable and circular. In addition, these endeavors correspond with regulatory inducements and promote cooperation among industries, technology developers, and treatment specialists, cultivating a cooperative ecosystem aimed at accomplishing worldwide water sustainability objectives.

 

Segment Overview

By Type

Based on type, the global water treatment chemicals market is divided into flocculants and coagulants, biocides and disinfectants, defoamers and defoaming agents, pH adjusters and softeners and corrosion inhibitors. The flocculants and coagulants category dominates the market with the largest revenue share in 2022. These chemicals assist in the aggregation and precipitation of suspended particles in water. Coagulants destabilize particles, while flocculants help bind the destabilized particles together, forming larger clumps that can be easily removed through filtration. Biocides and disinfectants are crucial for eliminating microorganisms, bacteria, and pathogens present in water. They sanitize water by killing or inhibiting the growth of harmful microbes, ensuring its safety for consumption or various industrial uses. Defoamers and defoaming agents, these chemicals help control or eliminate foam formation in water treatment processes. Foaming can hinder the efficiency of treatment systems, and defoamers work to suppress foam formation, aiding in smooth and effective water treatment. pH adjusters regulate the acidity or alkalinity of water to achieve optimal pH levels for specific treatment processes. Softeners primarily target hard water by removing excess minerals like calcium and magnesium, preventing scale buildup in pipes and equipment. Corrosion inhibitors prevent or minimize the degradation of metal surfaces in water systems. They form a protective layer on metal surfaces, preventing corrosion caused by the interaction between water and metal components.

 

By Category

Based on the category, the global water treatment chemicals market is categorized into boiling water treatment, and cooling water treatment. The boiling water treatment category leads the global water treatment chemicals market with the largest revenue share in 2022. This category focuses on treating water primarily used in boilers for steam generation. In boiler systems, water is heated to produce steam, which is often used for power generation, heating, or industrial processes. Boiling water treatment involves the use of specific chemicals to prevent scale formation, corrosion, and fouling inside the boiler. These chemicals include corrosion inhibitors to protect metal surfaces, scale inhibitors to prevent mineral deposits, and oxygen scavengers to eliminate dissolved oxygen, which can cause corrosion. Cooling water treatment, on the other hand, is aimed at managing water quality in cooling systems such as those used in industrial processes, air conditioning, or power generation. Cooling systems remove heat by circulating water through heat exchangers or condensers. These systems are prone to issues like scale formation, corrosion, and biological fouling. Chemicals used in cooling water treatment include corrosion inhibitors, scale inhibitors, biocides to control microbial growth, and dispersants to prevent particles from forming deposits.

 

By End-User

Based on end-user, the global water treatment chemicals market is segmented into electric power generation, oil and gas, chemicals manufacturing, mining and minerals processing, municipal, food and beverages, and pulp and paper. The municipal segment dominates the water treatment chemicals market. Municipal water treatment involves supplying clean drinking water and treating wastewater before discharge. Chemicals are used for disinfection, coagulation, pH adjustment, and removing contaminants to ensure safe drinking water and environmentally friendly wastewater disposal. Power plants, especially those reliant on steam turbines, use vast amounts of water for cooling and steam generation. Water treatment chemicals are crucial here to prevent scale formation, corrosion, and biological fouling in boilers, cooling towers, and other equipment. In the oil and gas industry, water is utilized extensively for drilling, hydraulic fracturing, and refining processes. Water treatment chemicals are employed to treat produced water, control corrosion in pipelines and equipment, and manage wastewater generated during extraction and refining operations. Chemical production involves various processes that require water for reactions, cooling, and cleaning. Water treatment chemicals help control impurities, maintain process efficiency, and prevent corrosion in equipment used in chemical manufacturing. The mining industry utilizes water for extraction, transportation, and processing of minerals. Water treatment chemicals aid in managing water quality, preventing scale and corrosion in equipment, and treating wastewater generated from mining operations. Water is a crucial component in food and beverage production, used for cleaning, processing, and as an ingredient. Water treatment chemicals assist in maintaining hygiene, controlling microbial growth, and ensuring water quality compliance in this sector.  In the pulp and paper industry, water is used extensively in various stages of production. Water treatment chemicals aid in removing impurities, controlling scale formation, and managing effluents generated during paper manufacturing processes.

 

Global Water Treatment Chemicals Market Overview by Region

The global water treatment chemicals market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific emerged as the leading region, capturing the largest market share in 2022. The need for clean water has expanded dramatically across a range of applications due to rapid industrialization, urbanization, and population growth in countries like China, India, Japan, and Southeast Asian nations. This increased demand affects a number of businesses, including industry, oil and gas, electricity generation, and municipal water treatment. In addition, the region's adoption of cutting-edge water treatment technologies has been prompted by strict government laws focused on environmental preservation and water purity. Industries have made large investments in chemicals and water treatment technology to ensure effective and environmentally sound water management practices due to the necessity of adhering to these requirements. In addition, the Asia-Pacific region's high concentration of water-intensive businesses and rising consciousness of water scarcity concerns have accelerated the adoption of chemicals for water treatment. Businesses in this area are constantly coming up with new and creative ways to solve the growing need for clean water at a reasonable cost. Furthermore, the Asia-Pacific water treatment chemicals market has grown as a result of the growing emphasis on sustainable practices and the adoption of eco-friendly treatment technologies in response to environmental concerns.

 

 

 

 

Global Water Treatment Chemicals Market Competitive Landscape

In the global water treatment chemicals market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players in the global water treatment chemicals market include Ecolab, Kemira, Danaher, BASF SE, Kurita Water Industries Ltd, GENERAL ELECTRIC, BWA Water Additives, Cortec Corporation, DOW, Buckman, Solvay, Akzo Nobel N.V, Air Products and Chemicals, Inc, ION EXCHANGE, Carus Group In, Thermax Limited, Hydrite Chemical Co, and various other key players.

 

Global Water Treatment Chemicals Market Recent Developments

In January 2023, Kemira, a supplier of chemical solutions to water-intensive sectors, has successfully acquired SimAnalytics in its entirety. Kemira is now better equipped to serve its customers' companies with data-driven predictive services and machine learning solutions thanks to this calculated strategic move.

 

Water Treatment Chemicals Market Report Segmentation

ATTRIBUTE

DETAILS

By Type

  • Flocculants and Coagulants
  • Biocides and Disinfectants
  • Defoamers and Defoaming Agents
  • pH Adjusters and Softeners
  • Corrosion Inhibitors

By Category

  • Boiling Water Treatment
  • Cooling Water Treatment

 

By End-User

  • Electric Power Generation
  • Oil and Gas
  • Chemicals Manufacturing
  • Mining and Minerals Processing
  • Municipal
  • Food and Beverages
  • Pulp and Paper

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Water Treatment Chemicals Market Size and Forecast:

To identify and estimate the market size for the global water treatment chemicals market segmented by type, by category, by end-user, region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of water treatment chemicals between 2019 and 2031.

  • Market Landscape and Trends:

To identify and infer the drivers, restraints, opportunities, and challenges for the global water treatment chemicals market

  • Market Influencing Factors:

To find out the factors which are affecting the sales of water treatment chemicals among consumers

  • Impact of COVID-19:

To identify and understand the various factors involved in the global water treatment chemicals market affected by the pandemic

  • Company Profiling:

To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

  • Industry Professionals
  • Environmental and Regulatory Bodies
  • Investors and Business Leaders
  • Research and Development Teams
  • Consultants and Advisors
  • Governments, Associations, and Industrial Bodies
  • Investors and Trade Experts

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The global water treatment chemicals market forecast period is 2023 - 2031.
According to water treatment chemicals market research, the market is expected to grow at a CAGR of ~3.7% over the coming years.
Asia-Pacific is expected to register the highest CAGR during 2023 - 2031.
Asia-Pacific held the largest share in 2022.
The major players operating in the global water treatment chemicals market include Ecolab, Kemira, Danaher, BASF SE, Kurita Water Industries Ltd, GENERAL ELECTRIC, BWA Water Additives, Cortec Corporation, DOW, Buckman, Solvay, Akzo Nobel N.V, Air Products and Chemicals, Inc, ION EXCHANGE, Carus Group In, Thermax Limited, Hydrite Chemical Co ,and various others.