With 54.9% CAGR, Water Treatment Chemicals Market to Reach US$ 48.5 Billion by 2028 | Industry Report

According to IMARC Group's latest report, titled "Water Treatment Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global water treatment chemicals market size reached US$ 36.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.5 Billion by 2028, exhibiting a growth rate (CAGR) of 54.9% during 2023-2028.

Water treatment chemicals are substances used to treat and purify water for various purposes, such as drinking, industrial processes, and irrigation. These chemicals are added to water to remove impurities, contaminants, and pathogens, thus improving its quality and safety. Common water treatment chemicals include coagulants, flocculants, disinfectants, pH adjusters, and corrosion inhibitors. Coagulants and flocculants help to remove suspended particles and organic matter from the water, while disinfectants, such as chlorine, are used to kill harmful bacteria and viruses. The use of water treatment chemicals is essential to ensure safe and clean water for human consumption and industrial processes.

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Global Water Treatment Chemicals Market Trends: 

The rising demand for water treatment chemicals for various industrial applications represents one of the key factors driving the market growth. For instance, water treatment chemicals find widespread utilization in geothermal power generation, fertilizers, refining industries, and in petrochemical manufacturing, which is driving the market growth. In line with this, the increasing adoption of saline water treatment to fulfill the rising water demand is further contributing to the growth of the market. Moreover, the increasing investments in sewage water treatment plants is acting as another major factor inducing the water treatment chemicals market growth across the globe.

Water Treatment Chemicals Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the water treatment chemicals market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

BASF SE
Ecolab Inc.
Kemira OYJ
Solenis LLC
Akzo Nobel N.V.
Baker Hughes Incorporated
Lonza
The DOW Chemical Company
Snf Floerger
Suez S.A.

Key Market Segmentation:

The report has segmented the water treatment chemicals market on the basis of type and end-user

Breakup by Type:

Coagulants and Flocculants
Corrosion and Scale Inhibitors
Biocides and Disinfectants
Ph Adjusters and Softeners
Defoaming Agents
Others

Breakup by End-User:

Municipal
Power
Oil and Gas
Mining
Chemical
Food and Beverage
Pulp and Paper
Others

Breakup by Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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Key Highlights of the Report:                                                    

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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