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

Water Treatment Chemicals Market: Industry Prospective

The global water treatment chemicals market was worth around USD 38,854.90 million in 2021 and is estimated to grow to about USD 65,523.08 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.1 percent over the forecast period. The report analyzes the Water Treatment Chemicals market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Water Treatment Chemicals market.

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Water Treatment Chemicals Market: Overview

Water Treatment Chemicals are chemicals that are used in water treatment that is improving the water quality and removing unwanted elements through a chemical treatment process that these chemicals initiate. Increasing demand for clean and potable water will be the major driver for water treatment chemicals market growth over the forecast period.

Increasing demand for water treatment in chemical industries, rising demand for wastewater management, increasing demand for potable water from the growing population are some other trends that guide the water treatment chemicals market growth through 2028.

COVID-19 Impact:

COVID-19 pandemic had an adverse impact on the global water treatment chemicals market growth as water treatment plants were shut down under the lockdown restrictions to avoid the spread of coronavirus infections on a global scale. Downtime of these facilities resulted in a drop of water treatment chemicals sales in 2020 and hence plunged the market into a negative growth curve.

Restricted industrial activity and shortage of raw materials were two other prime factors that had a restraining effect on the water treatment chemicals market growth in this pandemic.  

However, the water treatment chemicals market is expected to see a substantial increase in demand over the post-pandemic era as water treatment facilities are back online and return to their normal operational capacities. Increasing demand for water in multiple industries and by growing population will boost water treatment chemicals market potential in the post-pandemic era.  

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Water Treatment Chemicals Market: Growth Drivers

Increasing demand for Chemical Treatment of Water

Supply of water is a major issue in the modern world as the population grows and the lack of freshwater resources has compelled us to resort to using water treatment chemicals to treat water and enhance its quality for multiple uses. Rapid urbanization and industrialization have a major impact on the water treatment chemicals market growth and is expected to positively influence the demand for water treatment chemicals through 2028. Investments by the government to ensure the treatment of wastewater in multiple industries are also expected to boost water treatment chemicals market potential in the long run.

Water Treatment Chemicals Market: Restraints

Presence of Alternative Treatment Methods

Water Treatment Chemicals are not the only way to treat water in an effective manner and this process also has alternate methods that have been gaining massive popularity owing to increasing awareness about the use of chemicals in the water that has a harmful effect on the environment as well as human health on a collective basis. The presence of membrane technologies and other technologies to treat water is expected to have a hampering effect on the water treatment chemicals market growth over the forecast period.

Global Water Treatment Chemicals Market: Segmentation

The global Water Treatment Chemicals market is segregated based on type, end use industry, and region.

By Type, the market is divided into Corrosion inhibitors, scale inhibitors, biocides & disinfectants, coagulants & flocculants, chelating agents, anti-foaming agents, ph adjusters, and stabilizers, and others. Coagulants & flocculants will emerge as the most dominant type of water treatment chemicals in the global market landscape. Increased use of these in municipal and wastewater applications will be a prominent driver propelling the growth of this segment through the forecast period.

Report Scope:

Recent Developments

• In January 2019 – Kemira announced the signing of an agreement with Yongsan Chemicals based in South Korea to establish a new venture Kemira Yongsan Chemicals Co., Ltd (“NewCo”) that will be aimed at expanding its business scope in Asia Pacific region.

Water Treatment Chemicals Market: Regional Landscape

The North America region leads the global Water Treatment Chemicals market in terms of volume share and is anticipated to maintain this stance over the forecast period as well. Rising establishment of water treatment facilities, increasing demand from the population, rising demand from industries, and increasing support from the government to boost the water treatment chemicals market potential through 2028. The United States is projected to be the most lucrative market in this region owing to rising stringent norms for the treatment of water before disposal from multiple industries.

The market for Water Treatment Chemicals in the Asia Pacific region will also emerge as a highly rewarding one due to rapid industrialization and urbanization that propel the demand for water treatment chemicals as treatment of water becomes a necessity. Increasing stringent environmental laws will also boost the adoption of water treatment methods and hence drive the water treatment chemicals market potential.

Water Treatment Chemicals Market: Competitive Landscape

Some of the main competitors dominating the global Water Treatment Chemicals market include - BASF SE (Germany), Ecolab Inc. (US), Solenis LLC (US), Akzo Nobel N.V. (Netherlands), Kemira OYJ (Finland), Baker Hughes (US), Lonza (Switzerland), The Dow Chemical Company (US),  Snf Floerger (France), and Suez S.A. (France).

The Global Water Treatment Chemicals market is segmented as follows:

By Type

• Corrosion inhibitors
• Scale inhibitors
• Biocides & disinfectants
• Coagulants & flocculants
• Chelating agents
• Anti-foaming agents
• ph adjusters and stabilizers
• Others

By End Use Industry

• Residential
• Commercial
• Industrial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa