What Has Been the Progress and Growth of the Water Treatment Chemicals Market in Recent Years?
The water treatment chemicals market has seen considerable growth due to a variety of factors.
• The water treatment chemicals market has grown steadily in recent years. It is expected to rise from $35.77 billion in 2024 to $37.82 billion in 2025, at a CAGR of 5.7%.
This growth is driven by health and safety regulations, corrosion control, biofouling mitigation, energy efficiency concerns, and water scarcity.
How Does the Forecast Look for the Water Treatment Chemicals Market?
The water treatment chemicals market is expected to maintain its strong growth trajectory in upcoming years.
• The water treatment chemicals market is expected to reach $46.57 billion by 2029, at a CAGR of 5.3%.
Growth is driven by the increasing digitalization of water systems, recycling initiatives, and the impact of climate change. Key trends include the use of UV and ozone treatments, bio-based chemicals, and multifunctional chemical solutions.
What Are The Leading Drivers Of Growth In The Water Treatment Chemicals Market?
As industrialization escalates, so does the predicted expansion of the water treatment chemicals market. This progression is defined by economic and social change, marked by widespread acceptance of industrial production and organization methodologies. It's fueled by technological innovation, global demand for manufactured products, automation, and productivity and economic growth in key areas. Industrial processes rely heavily on water treatment chemicals for maintaining water purity, minimizing pollution, and ensuring regulatory compliance – all vital for prolonging equipment’s lifespan and safeguarding the environment. For instance, in April 2024, the Federal Reserve Board, a US governmental entity, reported a 0.4% increase in industrial production in March, while manufacturing output experienced a 0.5% surge, partly due to a 3.1% bump in motor vehicles and components. Factory output, excluding motor vehicles and components, saw a 0.3% growth. In addition, according to Eurostat, a statistical agency based in Luxembourg, industrial production in May 2023 in Europe had a seasonally adjusted ascend of 0.2%, and the European Union recorded a 0.1% jump compared to April 2023. As such, the surge in industrialization is a major force propelling the water treatment chemicals market forward.
How Are The Segments Defined Within The Global Water Treatment Chemicals Market?
The water treatment chemicals market covered in this report is segmented –
1) By Type: Coagulants, pH Adjusters And Softeners, Flocculants, Biocides And Disinfectants, Scale Inhibitors And Dispersants, Corrosion Inhibitors, Other Types
2) By Category: Boiling Water Treatment, Cooling Water Treatment
3) By Application: Raw Water Treatment, Water Desalination, Cooling, Boiler, Effluent Water Treatment, Other Applications
4) By End-Use: Power, Oil And Gas, Chemical Manufacturing, Mining And Mineral Processing, Municipal, Industrial, Food And Beverage, Pulp And Paper, Other End Uses
Subsegments:
1) By Coagulants: Aluminium-Based Coagulants, Iron-Based Coagulants, Others
2) By pH Adjusters And Softeners: pH Adjusters (Acidic, Alkaline), Water Softeners (Sodium-Based, Calcium-based)
3) By Flocculants: Organic Flocculants, Inorganic Flocculants
4) By Biocides And Disinfectants: Chlorine-Based Biocides, Bromine-Based Biocides, Oxidizing Biocides, Non-Oxidizing Biocides, Others
5) By Scale Inhibitors And Dispersants: Phosphonates-Based Scale Inhibitors, Polymeric Scale Inhibitors, Other Types Of Scale Inhibitors, Dispersants
6) By Corrosion Inhibitors: Organic Corrosion Inhibitors, Inorganic Corrosion Inhibitors, Others
7) By Other Types: Defoamers, Chelating Agents, Surfactants, Others (Antifoaming Agents, Oxidants)
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What Trends Are Reshaping The Future Of The Water Treatment Chemicals Market?
Significant businesses in the water treatment chemicals market, such as CURE Chemicals, are primarily focusing on generating high-end solutions to enhance their edge in the industry. CURE Chemicals, an engineered chemical, is devised to enrich the efficiency and effectiveness of water treatment methods, while also mitigating their ecological impacts. Gradiant, a US-based firm in the water industry, launched CURE Chemicals in April 2024. It constitutes an extensive collection of 300+ unique formulas curated to boost the utility and effectiveness of water and wastewater treatment processes. These include products like corrosion and scale inhibitors, process chemicals, biocides, antiscalants, cleaners, coagulant, and flocculants. The prime objective of these products is to increase the efficiency of treatment methods while simultaneously emphasizing their environmental sustainability, thereby decreasing their environmental implications.
Who Are the Key Players In The Water Treatment Chemicals Market?
Major companies operating in the water treatment chemicals market are:
• BASF SE
• Dow Chemical Company
• Solvay SA
• Ecolab Inc.
• Arkema S.A.
• Israel Chemicals Ltd.
• Albemarle Corporation
• Innospec Inc.
• Buckman Laboratories International Inc.
• ChemTreat Inc.
• Hydrite Chemical Co
• DuBois Chemicals Inc.
• Ixom Operations Pty Ltd.
• Veolia Water Technologies & Solutions
• Chem-Aqua Inc.
• Shandong Taihe Water Treatment Co Ltd.
• Carus Corporation
• Aquapharm Chemicals Pvt. Ltd.
• Guardian Chemical Specialties Inc.
• Chemtex Specialty Limited
• Avista Technologies Inc.
• Zaozhuang Kerui Chemicals Co Ltd.
• Aries Chemical Inc.
• American Water Chemicals Inc.
• Aqua Clear Industries Inc.
What Is The Most Dominant Region In The Water Treatment Chemicals Market?
North America was the largest region in the water treatment chemicals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the water treatment chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
