How Has the Industrial Water Treatment Chemicals Market Size Evolved in Recent Years?
The industrial water treatment chemicals market has seen considerable growth due to a variety of factors.
• In recent times, the market size for industrial water treatment chemicals has witnessed significant growth. It is projected to expand from a value of $31.73 billion in 2024 to $34.22 billion in 2025, presenting a compound annual growth rate (CAGR) of 7.8%.
The remarkable growth experienced in the historic period can be linked to several factors such as enhanced control of water pollution, industrial expansion, a growing necessity for water reuse, better scaling and corrosion control, and a surge in the usage of boiler and cooling water treatment.
What are the Market Size and Expected Growth Rates for the Industrial Water Treatment Chemicals Market?
The industrial water treatment chemicals market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations indicate stable expansion in the industrial water treatment chemicals market in the coming years. By 2029, the market's worth is projected to hit $41.33 billion, with a compound annual growth rate (CAGR) of 4.8%.
The anticipated growth during this period can be tied to the increasing demand for recycling and reuse, the implementation of regulatory changes, the enlargement of the oil and gas industry and the rising needs of the healthcare and pharmaceutical sectors. The upcoming period also signals significant trends including advanced oxidation processes, smart water treatment solutions, decreased usage of chemicals, disinfection technologies and the removal of microplastics and micropollutants.
What Are The Essential Drivers Behind The Growth Of The Industrial Water Treatment Chemicals Market?
The surge in industrialization coupled with the growth of the automotive sector is likely to boost the expansion of the industrial water treatment chemicals market. There is marked growth in industrialization particularly in burgeoning economies like China and India. Similarly, the automotive industry is flourishing; as an example, Brand Finance plc, a brand valuation firm based in the UK, reported around 78 million unit sales in the automobile sector in 2022, indicating a significant 10% rise in sales. As such, the industrial water treatment chemicals market is driven by the thriving industrialization and automotive sectors.
How Is The Global Industrial Water Treatment Chemicals Market Divided Into Key Segments?
The industrial water treatment chemicals market covered in this report is segmented –
1) By Product: Antifoams, Oxygen Scavengers, Corrosion Inhibitors, Biocides and Disinfectants, Oxidants, PH Conditioners, Sludge Conditioners, Scale Inhibitors, Other Products
2) By Application: Raw Water Treatment, Cooling and Boilers, Effluent Water Treatment and Water Desalination
3) By End User: Oil and Gas, Power, Metal and Mining, Chemical, Other End Users
Subsegments:
1) By Antifoams: Silicone-based Antifoams, Non-silicone Antifoams
2) By Oxygen Scavengers: Liquid Oxygen Scavengers, Solid Oxygen Scavengers
3) By Corrosion Inhibitors: Organic Corrosion Inhibitors, Inorganic Corrosion Inhibitors
4) By Biocides and Disinfectants: Chlorine-based Biocides, Non-chlorine Biocides
5) By Oxidants: Hydrogen Peroxide, Ozone
6) By pH Conditioners: pH Reducers, pH Boosters
7) By Sludge Conditioners: Polymer-based Conditioners
8) By Chemical Additives: Scale Inhibitors
9) By Scale Inhibitors: Phosphate-based Scale Inhibitors, Non-phosphate Scale Inhibitors,
10) By Other Products: Flocculants, Defoamers.
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What Trends Are Reshaping The Future Of The Share Analysis Market?
Leading firms in the industrial water treatment chemicals market are introducing innovative products such as CURE Chemicals, to boost the effectiveness, efficiency and sustainability of water treatment practices in various sectors. For example, in April 2024, CURE Chemicals was launched by Gradient, an American company specializing in water treatment technology. CURE Chemicals is a product designed to improve water treatment procedures for crucial industries. CURE Chemicals are specially designed to enhance water quality, ensuring it fulfills the strict requirements of downstream processes or potable uses. Over 300 distinctive formulations are included in the CURE Chemicals range, that includes corrosion and scale inhibitors, process chemicals, biocides, and antiscalants.
Who Are the Key Players in the Industrial Water Treatment Chemicals Market?
Major companies operating in the industrial water treatment chemicals market include:
• BWA Water Additives UK Ltd.
• Dow Chemical Company
• Ecolab Inc.
• Ashland Water Technologies
• Kemira Oyj
• Solenis LLC
• Suez S.A
• BASF SE
• DuPont de Nemours Inc.
• Lonza Group Ltd.
• Buckman Laboratories International Inc.
• Snf Pvt. Ltd.
• The Lubrizol Corporation
• Chemtrade Co. Ltd.
• Solvay SA
• Advanced Water Solutions
• Kurita Water Industries Ltd.
• Shandong Taihe Water Treatment Technology Co. Ltd.
• Henan Qingshuiyuan Technology Co. Ltd.
• Feralco Deutschland GmbH
• Aditya Birla Chemicals Ltd.
• Veolia Environnement SA
• Danaher Corporation
• Xylem Water Solutions India Private Limited
• United Utilities Group plc
• Evoqua Water Technologies Corp.
• Aquatech Water Treatment Products and Services Ltd.
• Aqseptence Group Pvt. Ltd.
• Ovivo Inc.
• Chemifloc Ltd.
• Lenntech B.V.
• Nouryon Chemicals Co. Ltd.
• USALCO LLC
• WesTech Co. Ltd.
What are the Regional Insights into the Industrial Water Treatment Chemicals Market?
Asia-Pacific was the largest region in the industrial water treatment chemicals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial water treatment chemicals market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
