Water Treatment Chemicals Market Trend, Share, Growth, Size, Analysis and Forecast 2030

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Water treatment is a process that improves the quality of water to make it more acceptable for end-users. Chemicals are added to raw process water at several stages during the treatment process. Usage of water treatment chemicals allows human and industrial effluents to be disposed of without danger to human health or damage to the environment. The chemicals used in the treatment of water depending on soil condition and types of crops cultivated. The rising depletion of freshwater reserves around the world has therefore created significant opportunities for the water treatment and chemicals market.

The major drivers for the growth of water treatment chemicals market are, improving water quality standard and the increasing demand for chemically treated water from various end users. With the consistent economic growth in the emerging economies such as India and China, the demand and market growth in the power sector, manufacturing, and industrial sectors is increasing, which in turn, is boosting the demand for water treatment systems and chemicals. However, the market growth is hampered by the prices of the chemicals used for the treatment and also the presence of alternative treatment techniques.

Based on the type, water treatment chemicals market has been segmented into coagulants and flocculants, pH adjusters, biocides, chelating agents, corrosion and scale inhibitors, anti-foaming agents and others. The demand for corrosion and scale inhibitors is expected to grow in the forecast period. Based on the end-users, the market has been segmented into municipal water and industrial water. Furthermore, industrial water is segmented into power generation industry, refineries, pulp, and paper industry, metal and mining industry, food and beverages industry, oil and gas industry, sugar industry and other industries. Based on the end user, the municipal segment is projected to lead the water treatment chemicals market.

Asia Pacific is expected to rise at a CAGR of approximately 5.1%, exhibiting its highest growth rate in the forecast period. In 2015, Asia Pacific occupied 32.8% of the total water treatment chemicals market, with China and India as the major countries contributing towards the growth. In North America, the market will continue to gain growth because of the rising fuel production.

Some of the key players in water treatment chemicals market include Akzo Nobel N.V., Baker Hughes Incorporated, BASF SE, Ecolab Inc., Kemira OYJ, Suez S.A., Danaher, Chembond and The Dow Chemical Company.