The Global Water Treatment Chemicals Market was valued at US$ 38.0 Billion in 2022, according to Global Water Treatment Chemicals Market Report, by Product Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, pH Adjusters & Stabilizers, Biocides & Disinfectants, and Others), by Application (Industrial (Power Generation, Chemicals & Petrochemicals, Pulp & Paper, Tanning, and Others) and Municipal), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
The global water treatment chemicals market is projected to reach US$ 63.7 Billion by 2030, exhibiting a CAGR of 6.67% during the forecast period. Low water reserves and minimal rainfall are some of the challenges faced by major countries around the world. However, the water demand is increasing along with the rising population, increasing urbanization, and industrialization in the region. For instance, according to an article titled ‘Water demand versus supply in Saudi Arabia: current and future challenges’ published by the International Journal of Water Resources Development in 2021 total water demand in Saudi Arabia for combined domestic, agricultural, and industrial sectors is projected to increase up to 20,000 million m3 by 2030. The article also states that the water supply capacity of treated wastewater in Saudi Arabia is projected to increase up to 1,838 million m3 by 2030. Rising demand for wastewater treatment is, in turn, expected to drive demand for water treatment chemicals over the forecast period. However, chemicals such as ferric chloride used in water treatment are highly corrosive, thus requiring special storage equipment and pumping equipment for their usage as a coagulant in water treatment. This is expected to limit the use of chemicals in water treatment processes, thereby restraining the growth of the market.
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Browse 25 market data tables* and 20 figures* on "Water Treatment Chemicals Market” - Global forecast to 2030.
Key Trends and Analysis of the Global Water Treatment Chemicals Market:
- Among product type, coagulants & flocculants segment is expected to be the fastest growing in the global water treatment chemicals market during the forecast period. Coagulants are used in the wastewater treatment process for water clarification, solid removal, sludge thickening, solid dewatering, and lime softening. The increasing focus of industries on the treatment of wastewater due to stringent government regulations is expected to drive market growth over the forecast period.
- Key players operating in the global water treatment chemicals market are focused on adopting strategies such as mergers & acquisitions, in order to strengthen their position in the market and expand their geographical presence.
Key Takeaways of the Market:
- North America accounted for the largest market share of 30% in 2022 in the global water treatment chemicals market. Stringent regulations imposed by the government for the supply of clean drinking water are expected to propel the growth of the global water treatment chemicals market. In the U.S., under the Safe Drinking Water Act (SDWA), Environmental Protection Agency (EPA) has been given the authority to set standards for drinking water quality. The EPA has set maximum contaminant levels and treatment techniques required for over 90 different contaminants.
- Key players operating in the global water treatment chemicals market are focused on new product launches, in order to strengthen their position in the market.
Major players operating in the global water treatment chemicals market include BASF S.E., Suez S.A., Kemira OYJ, BWA Water Additives, Ecolab Inc., Cortec Corporation, DowDuPont Inc., Baker Huges Incorporated, Akzo Nobel N.V., and Solenis LLC
