Water Treatment Chemicals Market

Global Water Treatment Chemicals Market Size (2024 to 2029)

As per our analysis report, the global Water Treatment Chemicals Market is expected to reach USD 71.09 billion by 2029 from USD 49.52 billion in 2024, growing at a compound annual growth rate (CAGR) of 7.5% during the forecast period.

MARKET OVERVIEW

Sodium bicarbonate, algicide, muriatic acid, chlorine, chlorine, aluminum, and iron are the most common chemicals used. The therapy techniques also include clarifiers, coagulants, filter cleaners, and flocculants. In order to secure the resource for human consumption, chemicals of processing, including the products described above, are used in polluted rivières, wastewater effluents, and seawater.

The treatment of water using chemicals has always been known as a standard operation in water and wastewater treatment. The concentration of chemicals and the physical and chemical quality of water has still been regulated and maintained by global regulatory bodies like the World Health Organization (WHO) and the US –Environmental and Protection Agency (EPA) for potable and household water. In addition to clean water, different businesses such as the power and paper business, have their respective regulatory bodies like the International Association for the Properties of Water and Steam (IAPWS) - related to Thermal power stations. A significant challenge to conventional techniques occurred after a major outbreak of Cryptosporidium parvum oocysts. The latest technologies like membrane filtration and UV disinfection have been developed as a replacement for the traditional chemical treatment of water. 

Water is a significant part of our everyday life, and pure water is the key to the well-being of our community. Water is a global liquid, but solids, like clay, fine sand, dust, and rust do not dissolve in water. They continue to be insoluble in water, leading to cloudiness and are technically named to be as total suspended solids (TSS). Water treatment is mainly performed for reducing the TSS levels as per the end-user needs and therefore varies depending on TSS level, location, and application. Heating, wastewater treatment, drying, and cleaning are the four basic processes. 

MARKET DRIVERS

The escalating importance of flocculants for sewage treatment as surfactants in the mining companies is probable to have a good effect on the global water treatment chemicals market over the foreseen period. Technological advancements relating to the advancement of bio-based chemicals like guar gum and gelatin in lieu of escalating worries associated with carbon releases relating to the production and employment of artificial products are estimated to open the latest avenues for market advancement. Increasing the manufacturing of shale gas and tight oil in the U.S. and Canada is estimated to develop the availability of feedstock for various suppliers of raw materials.

The surge in the importance of oleochemicals as a source for creating amines and other bio-based chemicals is touted to result in a notable expansion in the foreseen period. Fast urbanization and an increase in population are the major driving factors that will affect the market in a positive manner in the coming years. In growing nations, like India, China, Mexico, Brazil, Malaysia, and others, urbanization is growing at a fast speed and clearing paths for the latest businesses to develop. Moreover, escalating industrial activities and expansion in the world population are boosting the industry for water treatment chemicals across the world. Strict government rules on the total suspended solid level of the water impact positively on the global water treatment chemicals market. Escalating contamination due to fast industrialization goes along with water scarcity has resulted in strict government rules that are probable to be the major driving factor for the industrial wastewater treatment chemicals industry.

MARKET OPPORTUNITIES

The escalating gap between water call and supply together with government rules towards water reuse and recycle projects is probable to drive expansion. Expansion in end-use businesses like pharmaceuticals, power, pulp & paper, dairy, food & beverages, oil & gas, and refineries are probable to propel the wastewater treatment chemicals industry size in the future.

MARKET CHALLENGES

Escalating water treatment chemicals costs and availability of substitute treatment technologies are estimated to pose as a threat to the industry expansion

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Water Treatment Chemicals Market By Type

The coagulants & flocculants sector is projected to dominate the global water treatment chemicals industry during the foreseen period. This sector is also anticipated to progress at the most substantial CAGR between 2024 to 2029

Global Water Treatment Chemicals Market By End-User

The municipal sector is projected to be the lead water treatment chemicals industry over the foreseen period. The expansion of this sector of the industry can be credited to the fast urbanization and constantly rising population across the world. This, in turn, has resulted in a high call for quality water. 

REGIONAL ANALYSIS

North America was the biggest market generating revenue crossing USD 35.00 billion in 2023. The growing initiatives for the usage of water treatment chemicals in domestic applications by environmental agencies are foreseen to fuel the development in the business.

The execution of the National Infrastructure Plan (NIP) by the government of Mexico in 2023 will lead to more water consumption for building applications. Execution of huge quantities of dangerous chemicals in lakes and streams together with escalating awareness to save the natural resource is predicted to drive the industry.

The surge in refining capacities in nations like China and India due to rising domestic calls and easy availability of raw materials is deemed to have a favorable effect on business. The increasing prevalence of oil & gas exploration and production units in the Middle East is supposed to drive market expansion. Desalination is estimated to showcase notable expansion in regions like the Asia Pacific and the Middle East owing to water scarcity and rising industrialization. Europe wastewater treatment chemicals industry share is likely to rise at a high rate owing to an escalation in end-use businesses like pharmaceuticals, food & beverages, and refineries. Middle East & Africa is considered to be attractive wastewater treatment chemicals industry due to water scarcity, insufficient water structure, and the outbreak of water-borne diseases like cholera

KEY PLAYERS IN THE GLOBAL WATER TREATMENT CHEMICALS MARKET

Kemira Oyj, GE Water & Process Technologies, BASF SE, Ecolab Incorporated, BWA Water Additives, Cortec Corporation, The Dow Chemical Company, Buckman Laboratories International Inc, Solvay S.A, AkzoNobel N.V are some of the notable companies in the global Water Treatment Chemicals market.

RECENT HAPPENINGS IN THE MARKET

• On May 2, 2018, BASF and Solenis made a deal to join forces by collaborating on BASF's paper wet-end and water chemicals business with Solenis. The collaborated entity with Pro-forma sales of close to €2.4 billion and close to 5,000 employees in 2017 aims to deliver more worth for paper and water treatment consumers.
• Global chemicals company Kemira declared a major capacity extension of its ferric sulfate water treatment chemicals production line in Goole, UK. The investment decision is based on the estimated expansion in the market call for coagulants in water treatment, driven by stringent regulation relating to example phosphorus removal.

DETAILED SEGMENTATION OF THE GLOBAL WATER TREATMENT CHEMICALS MARKET INCLUDED IN THIS REPORT

This research report on the global water treatment chemicals market has been segmented and sub-segmented based on type, end-user, and region.

By Type

• Coagulants
• Ph Adjusters & Softeners
• Flocculants
• Biocides & Disinfectants
• Scale Inhibitors & Dispersants
• Corrosion Inhibitors
• Others

By End-User

• Municipal
• Power
• Oil And Gas
• Mining

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa