Press release
Water Treatment Chemicals Market Current Scenario with Future Aspect Analysis
The Global Water Treatment Chemicals Market Size is valued at 35.46 billion in 2022 and is predicted to reach 51.52 billion by the year 2031 at a 4.37% CAGR during the forecast period for 2023-2031.
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Chemicals used in wastewater treatment fall into the category of wastewater treatment chemicals. Sludge conditioners, defoamers, coagulants, and filter aids are a few of them. They can be used in a wide variety of industrial and municipal applications. They help clean up water streams by removing the turbidity caused by particles. Some major end-users of wastewater treatment are the oil and gas, power, mining, pulp and paper, chemicals and fertilizers, pharmaceuticals, municipal, textile and food, and beverage industries. Water shortages have increased the usage of wastewater recycling, which is the main reason for boosting the market for water treatment chemicals.
However, the market for water treatment chemicals will be constrained by the growing number of chemical processes and the availability of alternative treatment technologies. In contrast, the demand for environmentally friendly formulations and market vulnerability to patent infringement will hinder the market growth.
List of Prominent Players in the Water Treatment Chemicals market:
• Arxada
• Baker Hughes, a GE company LLC
• BASF SE
• Buckman
• Cortec Corporation
• Dow Inc.
• Ecolab Inc.
• Green Water Treatment Solutions
• Johnson Matthey
• Kemira Oyj
• Kurita Europe GmbH
• Nouryon
• SNF Group
• Solenis LLC
• Solvay S.A.
• Somicon ME FZC
• SUEZ
• The Dow Chemical Company
• Veolia
Market Dynamics:
Drivers-
Rising concern over the depletion of freshwater resources is a prime factor fueling the market growth of wastewater treatment chemicals. Governments of several countries around the globe are implementing strict rules and regulations to avoid and overcome such situations and enhance the reusability of wastewater in the process. Moreover, governments of several countries are highly involved in improving municipal water facilities across urban and rural areas. Such industrial and domestic/municipal water treatment developments are projected to fuel demand for water and wastewater treatment chemicals over the forecast period. Growing groundwater contamination, especially in emerging countries due to rapid industrialization, further drives the market growth.
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Challenges:
Many end users, particularly small-scale enterprises, are discouraged from employing wastewater treatment chemicals due to the variable price of the raw materials. Only because of stringent government regulations that apply to small sector players are manufacturers embracing wastewater chemicals. The market growth for chemicals used in water and wastewater treatment is predicted to be adversely affected by this factor. Throughout the forecast period, adverse reactions to wastewater treatment chemicals, such as allergies, mouth sores, eczema, and rashes, are anticipated to restrain market expansion. Additionally, not all pathogens and toxins are eliminated from the water because several pollutants are challenging to remove. This aspect is anticipated to limit the market expansion of chemicals used in wastewater treatment.
Regional Trends:
The Asia Pacific water treatment chemicals market is expected to register a major market share in revenue and is projected to grow at a high CAGR shortly. Asia-Pacific region now dominates the market for water treatment chemicals. It will maintain this dominance over the forecast period due to the industrialization and urbanization of developing nations like China and India. Besides, North America will continue to forecast the greatest CAGR during this time because of its expanding industrial base and strict environmental regulations.
Recent Developments:
• In September 2022, Toray Industries, Inc. inaugurated the Toray India Water Research Center in Chennai, India. To help India meet its growing treatment demand, the institute will intensify R&D into applications for its water-treatment membrane technology.
• In August 2022, In Palwal, Haryana, Daiki Axis' subsidiary Daiki Axis India will begin construction on the company's second sewage treatment facility, which will have a 1,000-unit capacity.
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Segmentation of Water Treatment Chemicals market-
By Type-
• Coagulants and Flocculants
o Organic Coagulants
o Inorganic Coagulants
o Flocculants
• Corrosion inhibitors
• Scale inhibitors
• Biocides & disinfectants
• Chelating agents
• Anti-foaming agents
• pH adjusters and stabilizers
• Others
By Application-
• Boiler water treatment
• Cooling water treatment
• Raw water treatment
• Water Desalination
• Others
By End use industry-
• Residential
• Commercial
• Industrial
Based on the source-
• Synthetic
• Bio-Based
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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