Global Industrial Water Treatment Chemicals market research 2024, Forecast To 2033

The industrial water treatment chemicals market has witnessed robust growth, escalating from $29.53 billion in 2023 to $31.94 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period is attributed to the increase in water pollution control, a rise in industrial expansion, the need for water reuse, an increase in scaling and corrosion control, and an increase in the use of boiler and cooling water treatment. Anticipating strong growth in the upcoming years, the market size is projected to reach $39.48 billion in 2028, supported by an expected CAGR of 5.4%. This growth in the forecast period is linked to the rising demand for recycling and reuse, increasing regulatory changes, a growing oil and gas industry, an increasing demand from the healthcare and pharmaceuticals sectors, and a rising demand in desalination. Notable trends in the forecast period encompass advanced oxidation processes, smart water treatment, reduced chemical usage, disinfection technologies, and microplastics and micropollutants removal.