WATER AND WASTEWATER TREATMENT CHEMICALS MARKET ANALYSIS

Water And Wastewater Treatment Chemicals Market Size and Trends

The water and wastewater treatment chemicals market is estimated to be valued at USD 38,903.1 Mn in 2024 and is expected to reach USD 53,297.4 Mn by 2031, growing at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

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The market is expected to witness steady growth during the forecast period. The growth of the market can be attributed to the increasing demand for chemically treated water from various end-use industries and strict regulations regarding the disposal of wastewater. Rapid urbanization and growing population have led to increased stress on water resources, boosting the need for effective water & wastewater treatment solutions. Furthermore, rising global awareness about water conservation and the availability of advanced treatment chemicals are adding to the demand. The implementation of integrated urban water management practices and sustainable wastewater treatment also bodes well for the water and wastewater treatment chemicals market.

 Growth in Industrial Activity

Rapid industrialization in regions, such as Asia Pacific, is boosting the demand for water and wastewater treatment chemicals. Setting up new industries or expanding the existing ones requires a huge amount of water which then needs to be treated as per various quality standards before being disposed into the environment. Industries, such as power generation, mining, oil & gas, petrochemicals, pharmaceuticals, pulp & paper, and food processing, are large consumers of water. They generate significant wastewater which needs advanced treatment to remove impurities and make it fit for discharge. While treatment facilities are being expanded or modernized, the demand for various water treatment chemicals like coagulants, flocculants, biocides, pH conditioners, etc. is rising steadily. More stringent environmental regulations regarding discharge standards are also propelling industrial plants to invest in advanced treatment technologies that utilize specialized chemicals. Countries in Asia pacific are witnessing a major boom in the manufacturing sector which will positively impact the demand from process industries. This growth in industrial production and strengthening of effluent quality norms are fueling the growth of the water treatment chemicals market.

With rapid urbanization taking place globally, more people are moving to cities in search of better living standards and lifestyle. According to the United Nations, around 68% of the world population is projected to live in urban areas by 2050. As the population in cities increase, the demand for water and its treatment is also growing substantially. Urban citizens require access to safely managed drinking water and proper sanitation facilities on a daily basis. At the same time, the levels of wastewater generated in densely populated urban settlements has multiplied manifold over the past few decades.  This unprecedented urban growth has placed tremendous strain on existing water resources and infrastructure for water supply as well as wastewater collection and disposal systems. Most cities especially in developing nations currently do not have adequate facilities to dependably supply water to all their inhabitants and treat growing volumes of municipal and industrial wastewater. The World Health Organization in its 2022 report highlighted that over 2 billion people still lack safely managed drinking water services and over half the global population lacks safely managed sanitation. Improper disposal of wastewater from homes and industries directly impacts the quality of freshwater bodies and public health.