Water Treatment Chemicals Market

Water Treatment Chemicals Market Overview

The global water treatment chemicals market size is estimated to be USD 36.7 billion in 2023 and projected to reach USD 43.9 billion in 2028, at a CAGR of 3.6%. Water Treatment Chemicals (WTCs) are compounds used in the process of water treatment to eliminate impurities that corrode it, cause scum formation, make it turbid and cause disturbances to its biological health. These pollutants may be natural, artificial or even man-made. The growth is mainly because of the need for clean water which has increased as different industries have come up along with strict regulations on use and disposal of wastewater.

Opportunities in the Water Treatment Chemicals Market

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Recession impact

The industrial, construction, and mining sectors are likely to have fewer activities in recessions thus reducing the demand for water treatment chemicals. At the same time, a business can lower its costs by investing into environmentally compliant practices like water treatment. However, other economic downturns may increase the necessity of good water processing due to infrastructures maintenance and stricter regulations all over the world. The duration and intensity of recession, industry specific trends, and government policies on water management as well as environmental compliance influence the overall outcome.

Water Treatment Chemicals Market Dynamics

Driver: Increasing demand for chemically treated water in various end-use industries

When it comes to providing for the needs of households and industries, fresh water resources constitute only 2.5% of all global water sources, thus representing a major problem. The rising deficit between the availability and need for water has to be bridged through efficient recycling of the precious commodity via application of chemicals meant for treating it. These factors led to the significant increase in use of treated wastewater by different industries including oil & gas, power, pulp & paper, mining, chemicals and food & beverage. On this basis markets like China, India, Brazil, Indonesia which are emerging economies among others are experiencing high industrial growth that is increasing demand for clean potable water for domestic usage as well as agricultural and industrial purposes. In comparison with expensive alternatives such as ion exchange; UV filtration or reverse osmosis; water treatment chemicals provide a low-cost solution. Coagulation flocculation disinfection costs are lower than UV and RO options used by larger-scale water treatment plants. At present growth in these sectors especially within emerging economies like China and India have necessitated this demand. Initiatives such as the pre-salt oil fields development in Brazil and high-capacity power further bolster the market for water treatment chemicals.

Restrain: Alternative water treatment technolgies

The rise of alternative water treatment technologies is increasingly seen as a more environmentally friendly and cost-effective solution, which is limiting the growth of this market. Membrane filtration systems are particularly notable for their ability to precisely control the removal of contaminants without the need for chemical additives. This not only improves the quality of the treated water but also significantly decreases the dependence on traditional flocculants and coagulants. Furthermore, ultraviolet (UV) disinfection systems have become popular due to their eco-friendly method of treating water. By effectively eliminating pathogens without using chemicals, UV disinfection addresses environmental issues while also reducing the costs related to the purchase and disposal of conventional treatment chemicals. Membrane filtration technologies, such as microfiltration, ultrafiltration, nanofiltration, and reverse osmosis, offer a customized approach to removing impurities from water. They are valued for their capability to eliminate particles, microorganisms, and even dissolved solutes, making them highly adaptable across various industries.

Opportunity: Rising population and rapid urbanization in emerging economies

In Asia-Pacific, especially China and India, offers more opportunities for water treatment chemicals market due to increasing population and rapid urbanization Faced with population growth and limited water quality, China has prioritized water quality in its five-year plan for environmental protection. The government’s emphasis on water quality control, pollution control and improvement of urban water supply has led to a huge demand for chemical treatments and India, which has restricted freshwater resources relative to its quantity, clearly needs to it needs a water treatment solution. With 16% of the world’s population, India’s growing demand for fresh water for agricultural and industrial purposes presents significant opportunities. As urbanization and environmental issues rise, these countries represent a huge market for solvents to address water quality challenges and bridge the demand-supply gap network This situation presents an attractive growth opportunity for the industry.

Challenge: Need for eco-friendly formulations and vulnerability regarding copying patents

One of the factor inhibiting the growth of the water treatment chemical substances in marketplace is rising issues regarding the effect of chemical substances on the environment have brought about stringent regulatory constraints for water treatment chemical producers. Currently, manufacturers of water treatment chemical compounds are endorsed to opt for inexperienced alternatives. The assets of the performance of green alternative formulations underneath severe situations makes it tough for producers to provide replacements for trendy formulations. Manufacturers face problems in fees and income in inexperienced chemistry, which results in challenges in developing exceedingly powerful and economically feasible surroundings-friendly water treatment chemical substances. The use of green opportunity chemical formulations results in the chance of bio fouling for which, greater dosage of biocides is needed, which, in turn, impacts the price-performance of the set up. Water treatment chemical substances need to be extra robust to allow accelerated recycling and reuse of water, however the extra sturdy chemistry has historically been less environment pleasant. Once a patented water treatment chemical is made public, it turns into vulnerable to being copied. Some manufacturers in Asia offer counterfeit merchandise at decrease charges, therefore posing a main task for fundamental chemical producers.

Water Treatment Chemicals Market: Ecosystem

Coagulants & Flocculants segment is the second-fastest growing type in the water treatment chemicals market during the forecast period.

The Coagulants & Flocculants segment is the second fastest growing segment in the water treatment chemicals market due to its key role in removing suspended particles and purifying water. Increasing technology and stringent water quality standards are increasing the demand for raw water treatment. Coagulants immobilize the particles, and flocculants aid agglomeration, ensuring better handling for disposal, ensuring water quality control and part growth.

Boiler Water Treatment segment is the fastest growing application in the water treatment chemicals market during the forecast period.

The Coagulants & Flocculants segment is the second fastest growing segment in the water treatment chemicals market due to its key role in removing suspended particles and purifying water. Increasing technology and stringent water quality standards are increasing the demand for raw water treatment.

The commercial segment is the second-fastest growing end use industry in the water treatment chemicals market during the forecast period.

The commercial segment is the second fastest growing segment of the chemical water treatment market due to the increasing demand for water quality in various sectors such as hospitality, healthcare, retail, institutional etc. Thus these industries rely on chemical treatments to improve water quality for drinking, sanitation and HVAC systems. As commercial activities expand around the world, there is a need for water management.

Asia Pacific has the second largest market share in the water treatment chemicals market, in terms of value.

Asia Pacific occupies the second largest market share in the water treatment chemical substances marketplace due to numerous factors. Emerging economies like China, India, Indonesia, and South Korea are experiencing growing call for for these chemicals because of heightened cognizance of water treatment and infrastructure improvement. Government rules associated with water treatment additionally contribute to expanded demand. These factors collectively make contributions to the expansion of the water treatment chemical compounds market in the Asia Pacific vicinity.

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Key Market Players

Kemira OYJ (Finland), BASF SE (Germany), Ecolab Inc. (U.S.), Dow Inc. (U.S.), and Solenis LLC (U.S.). These players have established a strong foothold in the market by adopting strategies, such expansions, joint ventures, and mergers & acquisitions.

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Scope of the Report

This research report categorizes the water treatment chemicals market based on type, end-use industry, and region.

By type:

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

By application:

• Boiler water treatment
• Cooling water treatment
• Raw water treatment
• Water Desalination
• Others

By end-user:

• Residential
• Commercial
• Industrial

By source:

• Synthetic
• Bio-based

By region:

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

Recent Developments

• In October 2023, Solenis acquired Cedarchem's headquarters in Cedartown, Georgia. CedarChem offers a variety of highly customized water and wastewater products designed for the industrial and municipal markets, with a specific focus on serving the US. southeast With this acquisition, the company has strengthened its market position in the United States.
• In December 2021, Ecolab Inc. closed the acquisition of Purolite, a global provider of ion exchange resins for the separation and purification of solutions for pharmaceutical and industrial applications. US-based Purolite has a presence in more than 30 countries.
• In June 2019, Dow and Modern Water Inc., a global leader in technologies for water and wastewater treatment, and brine monitoring, have announced collaboration whereby Modern Water will globally distribute Dow’s products. This partnership will expand Dow’s global reach.

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