The water treatment chemicals market size is projected to grow from USD 38.37 billion in 2024 to USD 46.64 billion by 2029, registering a CAGR of 4.0% during the forecast period. The market for water treatment chemicals is rising globally due to their usage in end-use industries such as residential, commercial, and industrial sectors especially in emerging economies. Water treatment chemicals can be defined as defined as chemical compounds used in the water treatment process to remove impurities that cause corrosion, scales, high turbidity, and biological imbalance. These impurities can be metallic, organic, or non-organic in nature. Corrosion inhibitors, coagulants & flocculants, scale inhibitors, chelating agents, biocides & disinfectants, and pH adjusters are among the chemicals used to eliminate impurities from water.
The market for water treatment chemicals is expected to continue growing in the next few years due to various reasons. Market leaders in the industry are focusing on producing new and unique products to cater to the growing demand. They are also expanding their geographic presence by reaching out to emerging market players. To ensure long-term growth and strengthen their market position, several measures have been taken. These strategies would enable organizations to respond sensitively towards the growing demand for type as well as end-use industry. Also, companies operating in this market, such as Ecolab (US), Veolia (France), BASF (Germany), Dow (US), kemira Oyj (Finland), Solenis (US), Solvey (Belgium), Nouryon (The Netherlands), Kurita Water Industries (Japan), SNF Floerger (France), Baker Hughes Company (US), and Arxada (Switzerland) adopt acquisitions, mergers, partnerships, product launches, and expansions to increase their market shares and expand their geographic presence.
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Ecolab is one of the leading players in the water treatment chemicals market, with a global presence spanning over 170 countries. Its extensive manufacturing facilities and more than 133 sales & service offices are strategically located worldwide, enabling efficient service delivery across diverse industries. In August 2024, Ecolab's Nalco Water division entered into a strategic cooperation agreement with Danieli to enhance industrial water treatment solutions for the metals industry, focusing on reducing the carbon and water footprints. Ecolab's acquisition of Purolite has expanded its technology base in water purification, particularly benefiting pharmaceutical and industrial applications. These strategic initiatives, combined with a commitment to innovation and sustainability, reinforce Ecolab's significant market share and its role as a trusted partner in water treatment solutions.
Veolia is a global leader in the water treatment chemicals market, leveraging its extensive geographic presence in over 60 countries, including strong operations in North America, Europe, Asia Pacific, and the Middle East. The company's dominance stems from its integrated approach, combining innovative chemical solutions with advanced water treatment technologies to serve industries, municipalities, and utilities. Veolia's broad portfolio includes coagulants, biocides, and scale inhibitors tailored to meet diverse water management needs. Its strong R&D focus ensures eco-friendly and high-performance products. Strategic acquisitions and partnerships have expanded its market reach and expertise. Veolia's ability to deliver comprehensive, sustainable solutions across sectors has cemented its reputation as a trusted partner, securing its position as a market leader.
BASF's is one of the largest companies in the water treatment chemicals market due to its extensive operations, global presence, and strategic initiatives. The company offers a comprehensive portfolio of water treatment chemicals, serving diverse industries and municipal sectors worldwide. BASF's global footprint enables it to cater to various regional markets effectively. Strategically, BASF focuses on expanding production capabilities and enhancing sustainability. For instance, in November 2024, BASF inaugurated a new production line for water-based dispersions in Heerenveen, Netherlands, increasing capacity without additional CO2 emissions. Additionally, BASF divested its flocculant mining business to Solenis in November 2024, allowing it to concentrate on its core competencies and streamlining its water treatment chemicals portfolio. These strategic moves reinforce BASF's significant role in the water treatment chemicals market. The company has its presence in Europe, North America, Asia Pacific, South America, Africa and Middle East. BASF has 239 manufacturing facilities and has presence in 91 countries.
Dow is one of the prominent players in the water treatment chemicals market, with 109 manufacturing facilities in 31 countries across North America, Europe, Asia Pacific, Latin America, and the Middle East. Its extensive portfolio includes ion exchange resins, reverse osmosis membranes, and advanced polymers catering to industrial, municipal, and commercial water treatment. Dow's leadership is bolstered by continuous innovation, exemplified by its recent development of advanced brine recovery systems and next-generation ion exchange resins, addressing water scarcity and sustainability challenges. The company’s focus on cutting-edge solutions, robust R&D investments, and a commitment to environmental stewardship make it a trusted partner across industries. For instance, in 2024, Dow announced its expanded "Protect the Climate" targets, introducing specific milestones for climate change mitigation with a focus on water and nature conservation. These targets include implementing robust land management strategies and developing water stewardship plans for its top water-dependent sites by 2030, aiming for water resilience by 2050.
Dow is also actively involved in the AquaSPICE project, which aims to enhance water efficiency and reduce the use of energy and chemicals in water treatment through digital technologies. Dow's integrated approach, combining chemical expertise with advanced material science, secures its position among the largest market shares.
Related Reports:
Water Treatment Chemicals Market by Type(Flocculant & Coagulant, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents), Sales Channel, Source, End-use(Residential. Commercial & Industrial), & Region - Global Forecast to 2029
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