Industrial Wastewater Treatment Chemicals Market | Key players operating in the market include BASF SE, Ecolab Inc., Kemira Oyj, Suez SA, Veolia Group

According to recent market research "Industrial Wastewater Treatment Chemicals Market by Type (Coagulants, Flocculants, Biocides & Disinfectants), End-Use Industry (Power Generation, Mining, Chemical) and Region (APAC, Europe, North America, MEA, South America) - Global Forecast to 2026", is projected to grow from USD 12.8 Billion in 2021 to USD 16.6 Billion by 2026, at a CAGR of 5.3% during the forecast period. Stringent regulations concerning the emission and treatment of industrial wastes coupled with depleting freshwater resources are the factors that are driving the market. However, shifting demand for alternative and environment-friendly water treatment technologies is affecting the market growth. In addition, the growing industrialization and increasing demand for specific formulations are providing opportunities for the market players. However, chemical manufacturers are facing challenges because of the need for eco-friendly formulations. The increase in population and the industrial activities are driving the demand for clean and fresh water. The demand is also influenced by various factors such as water availability, its usage pattern, the presence of pollutants, the government policies, and trade-offs among various chemical compounds.

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By Type, biocides & disinfectants account for the largest share of the Industrial wastewater treatment chemicals market

The use of biocides has considerably increased in various applications. Biocides are mainly used in drinking water treatment, sewage treatment, ship ballast treatment, and as anti-fouling agents. Disinfectants perform similar functions as biocides. These are chemicals used to kill microorganisms and also inhibit their growth in the water at a later stage of the purification process. Cooling tower is one of the major application areas of biocides in power plants, mining, and chemical plants. This is because cooling water systems provide a favorable environment for the growth of microorganisms. Biocides are used in all of these applications to control the growth of microorganisms and prevent operational failures. Moreover, the increasing environmental regulations have fueled the demand for biocides & disinfectants.

Power generation account for the largest share of the Industrial wastewater treatment chemicals market by End-use industry

As the standards and norms for discharging wastewater are becoming more stringent, the demand for wastewater treatment in the power generation industry is increasing rapidly. The power sector uses industrial wastewater treatment chemicals mainly for treating boiler feed water, boiler makeup water, and cooling water. Generally, three types of impurities are found in boiler systems: suspended solids, dissolved solids, and dissolved gases. Suspended solids cause corrosion, as well as deposition in the boiler. Dissolved solids are responsible for the formation of scales. Mineral scaling occurrences are predominant in the power industry owing to suspended matter and dissolved solids in the used water. Dissolved gases, such as oxygen and carbon dioxide, are generally corrosive in nature, which cause degradation of metal surfaces in boilers.
Boiler feedwater treatment is carried out by processing the water through filters, aided by coagulants & flocculants, which remove suspended solids in the water. After this, the water is processed for treating dissolved solids, which are removed by adding lime, chelating agents, and scale inhibitors. Unwanted formation of scales such as calcium sulfate, calcium phosphates, metal silicates, and calcium carbonate are controlled by scale inhibitors in power plants. Dissolved gases are usually removed by deaerators, along with corrosion inhibitors and oxygen scavengers.

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The global Industrial wastewater treatment chemicals market size is estimated to be USD 12.8 billion in 2021 and is projected to reach USD 16.6 billion by 2026, at a CAGR of 5.3% between 2021 and 2026. The stringent environmental regulations pertaining to emission and treatment of industrial waste and depleting freshwater resources are driving the demand for industrial wastewater treatment chemicals during the forecast period. However, the shifting demand of end-use industries toward the advanced and environment-friendly water treatment technologies is hampering the market growth. On the other hand, growing industrialization resulting from population explosion is expected to leverage new growth opportunities for industrial wastewater treatment chemical manufacturers.

Water treatment chemicals are chemical compounds used to remove impurities from water. Industrial wastewater undergoes process treatment before reuse and release into the environment. Specialty chemicals are used in this process to remove impurities from wastewater. The industrial sector requires water for cooling, washing, and as process water in the power, oil & gas, petrochemical, chemical, pulp & paper, and petroleum refining industries.

The major industry players have adopted expansions, agreements, and acquisitions as growth strategies in the last four years. The leading players in the market are BASF SE (Germany), Ecolab Inc. (US), Kemira Oyj (Finland), Suez SA (France), Veolia Group (France), Lonza Group Ltd. (Switzerland), Kurita Water Industries Ltd. (Japan), Thermax Limited (India), Baker Hughes Inc. (US), Akzo Nobel N.V. (Netherlands), Dow Inc. (US), and SNF Floerger (France).

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Ecolab is involved in providing water, hygiene, and infection prevention solutions and services. The company provides data-driven insights and personalized service to advance food safety, maintain clean and safe environments, and optimize water and energy use. The company has four major segments: institutional, industrial, healthcare and life science, and others. The company has a presence in more than 170 countries.

Suez, a French utility company, is one of the largest water providers worldwide, which operates largely in the water and waste management sectors. Suez's business operations are categorized as water, recycling & recovery, and ETS (environmental technology & solutions). It offers water and wastewater treatment services under the water business segment. The company offers various wastewater treatment services such as sampling and production of drinking water, multi-disciplinary studies and engineering, customer relationship management, industrial water treatment, water storage and distribution, desalination, wastewater treatment and reuse, and sludge treatment and recovery. SUEZ is a specialist in water treatment that develops wastewater treatment solutions that are adapted to local conditions, meet health standards, and protect water resources and biodiversity. as Along with treating water, the plants designed by SUEZ also allow, where appropriate, for the reuse of wastewater, in keeping with the regulations applying to the environment and public health. The company primarily operates in France, followed by other countries in Europe. The company claims to have more than 450,000 industrial and business customers.

Kemira Oyj engages in the provision of water quality and quantity management solutions, which improves energy, water, and raw material efficiency. The company operates its business through Pulp & Paper and Industry & Water segments. The Industry & Water segment supports municipalities and water-intensive industries in the efficient and sustainable utilization of resources. The company has a global presence across the Americas, the EMEA, and APAC.

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