Press release
Water Treatment Chemicals and Additives Market Analysis, Type, Size, Trends, Key Players and Forecast 2022 to 2030
It is estimated for the global water treatment chemicals additives market to witness growth at a healthy rate of 4.8% during the forecast period of 2022 to 2030. The market witnessed growth at a stunning rate even during the previous forecast period of 2018 to 2021.Organic and inorganic chemicals are the first types of contaminants that physical-chemical processes are made to remove from water, followed by biological pollution. Hazardous organic and inorganic chemicals can be eliminated from water through chemical treatment.
The growth may be attributed to rising needs from the sugar and ethanol, fertiliser, petrochemical manufacture, and refining industries, especially in emerging economies. The increased usage of saline water treatment to address the region's rising water demand is also expected to fuel market growth in the Middle East and Africa.
The area has developed into one of the major consumers of industrial chemicals due to the region's reliance on water-intensive industries like petrochemicals, oil, and gas. Coagulants, scale inhibitors, and biocides are widely used during desalination, the most frequent procedure in the region.
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The market for water treatment chemicals, such as flocculants and coagulants, defoamers, corrosion inhibitors, and pH boosters, is expected to experience exponential expansion as a result of the industrial sector's rapid development and urbanisation. Due to the drastic reduction in freshwater resources and stringent laws and regulations, it is predicted that the demand for these chemicals would remain high over the foreseeable timeframe. The demand for centralising fluid treatment systems for medium- and small-scale companies to enable an entire in-situ process with zero discharge is the most obvious trend currently ruling the industry.
Global Water Treatment Chemicals and Additives Market - Key Trends
Increasing water sports across the globe to boost the growth of the market
The increased use of water sports like swimming, rafting, water volleyball and so on are boosting the growth of the market as the increasing use of water for these sports results in the increased use of these chemicals in the water bodies where the use of these chemicals takes place. This factor is also boosting the growth of the market during the forecast period.
Increasing alternatives for these chemicals around the world hamper the market
The health hazards associated with the use of these water chemicals and the growing awareness about these chemicals among the younger population are estimated to hamper the growth of the market during the forecast period. The decreasing use of chemicals in the household by shifting themselves to water filters is also a factor that is estimated to hamper the growth of the market during the forecast period.
Global Water Treatment Chemicals and Additives Market - Segmental Assessment
By Product Type
• Coagulants & Flocculants
• Biocide & Disinfectant
• Defoamer & Defoaming Agent
• pH & Adjuster & Softener
It is estimated for the pH & adjuster & softener segment to boost the growth of the market during the forecast period.
By Application Type
• Raw Water Treatment
• Water Desalination
• Cooling
• Boiler
It is estimated for the boiler segment to boost the growth of the market during the forecast period.
Global Water Treatment Chemicals and Additives Market - Competitive Hierarchy
Some key players operating in the water treatment chemicals market include Suez, Nouryon, Kemira Oyj, Ecolab, Solenis, Kurita Water Industries, Ltd, Solvay, SNF Floerger, and Dow Chemicals.
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