Water Treatment Chemicals Market | Key players operating in the market include Ecolab Inc., Kemira Oyj, BASF SE, Solenis LLC, Dow Inc.

According to recent market research "Water Treatment Chemicals Market by Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents), End-Use (Residential, Commercial, Industrial) and Region - Global Forecast to 2027", size is estimated to be USD 35.9 billion in 2022 and is forecasted to grow to USD 42.2 billion by 2027, at a CAGR of 3.2%, during the forecast period.

Water treatment chemicals are the chemical compounds used in the treatment of water to remove impurities, which cause scales, corrosion, high turbidity, and biological imbalance. Water treatment chemicals are majorly used in the municipal, commercial, and industrial end-use for water treatment. The type and degree of water treatment strongly depend on the source of the water and its intended use. Water for domestic use must be thoroughly disinfected to remove microorganisms before supply to households. On the other hand, industrial water may contain microorganisms, but must be treated to a certain extent to turn the water soft and to prevent scale formation and corrosion.

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Based on type, the corrosion inhibitors is projected to be the fastest growing segment in the water treatment chemicals market

Corrosion inhibitors is projected to grow at the highest CAGR in the overall water treatment chemicals market, in terms of value. This type of water treatment chemical is used to control or reduce the process of corrosion and prevent degradation of metal surfaces in various equipment. These are utilized in industrial applications to prevent corrosion and degradation of equipment such as boilers and cooling towers. Growing oil & gas industry is expected to support the growth of the market.

Based on application, water desalination is estimated to be the fastest growing segment in the overall water treatment chemicals market

Water desalination is projected to grow at the highest CAGR during the forecast period. The rising demand of freshwater and increasing water scarcity in driving the demand of water desalination, especially in the Middle East & Africa region. Moreover, rapid industrialization has increased the water utilization in various industries boosting the demand for water desalination in the water treatment chemicals market.

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The global water treatment chemicals market size is projected to reach USD 42.2 billion by 2027 from USD 35.9 billion in 2022, at a CAGR of 3.2%. The increase in demand for water treatment chemicals and the growing industrial development in the emerging economies, such as Asia Pacific and South America, are driving the market. The increasing demand for chemically treated water in various end-use segments coupled with stringent regulatory and sustainability mandates concerning the environment is driving the market for water treatment chemicals.

The key players in the water treatment chemicals market include Ecolab Inc. (US), Veolia (France), Kurita Water Industries Ltd. (Japan), Baker Hughes (US), Kemira Oyj (Finland), Solenis LLC (US), Nouryon (Netherlands), Dow Inc. (US), SNF Floerger (France), BASF SE (Germany), and Arxada (Switzerland). These market leaders have adopted various organic as well as inorganic growth strategies between 2019 and 2022 to strengthen their position in the water treatment chemicals market. The strategy of mergers & acquisitions and expansions were among the major growth strategies adopted by the leading market players to enhance their geographic presence and meet the growing demand for water treatment chemicals in the emerging economies.

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Ecolab Inc. is one of the leading players operating in the global water treatment chemicals market. Ecolab Inc. offers hygiene, infection prevention, and water solutions & services that protect people and vital resources. The company provides water treatment chemicals through its global industrial business segment. The company offers water treatment products and services to a wide-range of industries including food & beverage processing, chemical, mining & primary metals, power generation, pulp & paper, and commercial laundry. Ecolab Inc. has a strong global presence with operations in more than 170 countries. The company is focusing on increasing its market share by adopting several organic and inorganic strategies including new product development, investment & expansion, and acquisition, to expand its global presence and enhance its competitiveness. For instance, in February 2019, Ecolab acquired Lobster Ink, a leading provider of end-to-end online customer training solutions. It provides Ecolab with an ability to meet the unique training needs of hospitality and foodservice companies in 130 countries globally.

Kemira Oyj is another leading player in the water treatment chemicals market. It offers water treatment chemicals through its industry & water business segment. The company majorly serves its offerings to the water-intensive industries for various water treatment processes. Kemira Oyj has a global presence with sales presence across more than 100 countries. The company emphasizes on R&D through its R&D centers in Europe, North America, and Asia Pacific. The company adopts growth strategies such as investments & expansions, partnerships, and joint ventures to strengthen its footprint. For instance, in June 2021, Kemira Oyj announced an increase in the production capacity of water treatment chemicals at its facility in Yanzhou, China to meet the growing demand for water treatment in China and Asia Pacific region.

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