The report “Water Treatment Chemicals Market by Type (Flocculant & Coagulant, Corossion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents), Source, End-use (Residential. Commercial & Industrial), and Region – Global Forecast to 2028“, size is projected to reach USD 43.9 billion by 2028 from USD 36.7 billion in 2023, at a CAGR of 3.6% during the forecast period. The major drivers for the water treatment chemicals market are increasing demand for chemically treated water in various end-use industries, stringent water and wastewater regulations, and increasing water pollution. Alternative water treatment technologies, high costs of water treatment chemicals, maintenance, and energy are considered restraining factors in this market. Whereas rising population and rapid urbanization in emerging economies, increasing demand for specific formulations act as opportunities in the market.
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• 155 Market data Tables
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• 250 Pages and in-depth TOC on “Water Treatment Chemicals Market – Global Forecast to 2028”
Some of the prominent key players are:
- Ecolab Inc. (US)
- Kemira Oyj (Finland)
- BASF SE (Germany)
- Solenis LLC (US)
- Dow Inc. (US)
Driver: Increasing demand for chemically treated water in various end-use industries
Global freshwater resources comprise a mere 2.5% of the total water supply, posing a significant challenge in meeting the needs of industries and households. To bridge the growing gap between water demand and supply, efficient water recycling is essential, achieved using water treatment chemicals. As a result, various industries, including oil & gas, power, pulp & paper, mining, chemicals, and food & beverage, have seen a rapid rise in using treated wastewater. Emerging economies, like China, India, Brazil, Indonesia, Malaysia, Argentina, Chile, and Vietnam, are witnessing substantial industrial growth, intensifying the demand for clean water for domestic, agricultural, and industrial purposes. Water treatment chemicals offer a cost-effective solution, outshining pricier methods like ion exchange, UV filtration, and reverse osmosis. Large-scale water treatment plants find coagulation, flocculation, and disinfection costs notably lower than UV and RO alternatives. The expansion of power, oil & gas, mining, and chemical sectors, particularly in emerging markets, such as China and India, fuels the demand for these chemicals. Initiatives like the development of pre-salt oil fields in Brazil and the establishment of high-capacity power plants globally using fossil fuels, nuclear, or solar power further bolster the market for water treatment chemicals.
Based on the source, the synthetic segment is estimated to be the second fastest-growing segment of the water treatment chemicals market.
Synthetic is estimated to be the second fastest growing and largest segment of water treatment chemicals due to increasing demand for specialized chemical compounds. Industries require tailored solutions to address unique water treatment challenges, which synthetic chemicals can provide. These versatile and customizable compounds are gaining traction as they offer effective and precise solutions for various water treatment applications, positioning them as a rapidly expanding market segment behind corrosion inhibitors in the industry.
Europe accounted for the third largest market share amongst other regions in the water treatment chemicals market.
Europe holds the third-largest market share in the water treatment chemicals sector due to several factors. The region’s well-established industrial base, stringent environmental regulations, and a focus on water quality have driven demand for treatment chemicals. Additionally, Europe’s commitment to sustainability and environmentally responsible practices has fostered the use of water treatment chemicals in various industries. Continuous efforts to address water scarcity and contamination issues make Europe a prominent market for these products, securing its position as the third-largest market in the global water treatment chemicals industry.
