Water Treatment Chemicals Market Survey and In-depth Analysis on Industry Growth Factors, Trends, and Forecasts 2024

Presently, chemical water treatment is majorly done using the flocculating method, in which, clarifying agent is used to remove suspended pollutant particles from water. However, the new chemical-based water treatment technologies are being developed which aim to enhance the efficiency of chemical-based water treatment processes. The increasing research and development activities have resulted in the creation of new water purification substances, such as poly iron and zinc silicate sulfate flocculants (PFZSS). These provide strong flock density and faster rate of sedimentation. Thus, the development of new chemical water treatment solutions is the major trend witnessed in the water treatment chemicals market.

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There have emerged several technologies to treat drinking water, such as membrane filtration technology, low-pressure membranes, high-pressure membranes, two-stage membrane filtration, ultraviolet irradiation technology, advanced oxidation technology, ion exchange technology, and biological filtration. Technologies which can be used in industries as an alternative to water treatment chemicals include granular activated carbon, adsorption techniques to treat wastewater, oil–water separator treatment of oily effluent, fixed biofilm reactor, electrosorption, aerobic treatment, integrated treatment process, wetland to treat industrial wastewater. There are various techniques that can be used as an alternative to these chemicals for water treatment, thus negatively affecting the growth of the water treatment chemicals market.

Globally, APAC was the largest market in the water treatment chemicals market, contributing more than 35.0% volume sales of these chemicals in 2017. The largest share of the region is attributed to the presence of large industrial base and high living standards of the population in the region that require high-quality and clean water. In addition to this, the stringent implementation of various regulatory policies in the region for controlling growing water pollution is also driving the growth of the APAC market.

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Across the world, the rapid industrialization has resulted large-scale discharge of toxic pollutants in freshwater reserves. This has made water unfit for human consumption. As a result, countries are increasingly focusing on improving water quality by implementing strict regulatory framework which restricts the discharge of toxic chemicals directly into the water bodies and ensures proper chemical water treatment. Thus, regulatory framework mandating the water treatment is expected to boost the water treatment chemicals market growth during the forecast period.

Some of the major players operating in the global water treatment chemicals market are BASF SE, Solenis LLC, Ecolab Inc., Kemira Oyj, SUEZ, SNF s.a.s., Akzo Nobel N. V., Lonza Group Ltd., Buckman Laboratories International Inc., and DowDuPont Inc.

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