Water Treatment Chemicals Market by Type (Flocculant & Coagulant, Corossion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents), Source, End-use (Residential. Commercial & Industrial), and Region - Global Forecast to 2028

"The global water treatment chemicals market size is projected to grow at a CAGR of 3.6% during the forecast period."

The global water treatment chemicals market size is estimated to be USD 36.7 billion in 2023 and projected to reach USD 43.9 billion by 2028, at a CAGR of 3.6%. The rising need for chemically treated water across diverse industries, strict regulations concerning water and wastewater, and escalating water pollution levels are driving factors in this market. Restraints, include the availability of alternative water treatment technologies, the high costs associated with water treatment chemicals, maintenance, and energy consumption. Opportunities stem from the increasing population and urbanization in emerging economies, as well as the growing demand for specialized treatment formulations.

"Asia Pacific is projected to grow the fastest in the water treatment chemicals market during the forecast period, in terms of value."

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Asia Pacific is projected to be the fastest growing market for water treatment chemicals in the forecast period, this growth is attributed to the region's surging industrialization and population expansion. The increased need for clean water, coupled with stringent environmental regulations, is driving the adoption of water treatment solutions at a brisk pace. These factors collectively contribute to the market's rapid expansion in the forecast period.

"Commercial segment accounted for the second largest market share amongst other end-use industries in the water treatment chemicals market."

The commercial segment is the second-largest end-use industry in the water treatment chemicals market due to its diverse applications in sectors such as hospitality, healthcare, retail, and institutions. These businesses require water treatment chemicals to ensure safe and clean water for various purposes, including drinking, sanitation, and HVAC systems. As commercial activities grow, so does the demand for effective water treatment, cementing the segment's substantial market share.

"Cooling water treatment segment accounted for the second largest market share amongst other end-use industries in the water treatment chemicals market."

Cooling water treatment is the second largest segment in the water treatment chemicals market because it plays a crucial role in maintaining the efficiency and longevity of industrial cooling systems, such as HVAC and manufacturing processes. These systems require chemical treatment to prevent scale formation, corrosion, and microbial growth. As industries expand, the need for cooling water treatment grows, ensuring optimal equipment performance and reducing operational costs, thus making it a significant component of the overall water treatment chemicals market.

"Biocide & Disinfectants segment accounted for the second largest market share amongst other types in the water treatment chemicals market"

Biocides & Disinfectants is the second largest type in the water treatment chemicals market due to their pivotal role in safeguarding water quality. With increased concerns about waterborne pathogens and microbial contamination in industrial, municipal, and commercial applications, the demand for these chemicals has surged. Biocides and disinfectants effectively eliminate bacteria, algae, and other harmful microorganisms, making them indispensable in ensuring clean, safe water for various end-users, solidifying their substantial market share in the water treatment chemicals industry.

Breakdown of primaries

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
By Designation: C Level- 20%, D-level - 10%, And Other Level - 70%
By Region: North America - 20%, APAC - 30%, Europe - 30%, Middle East & Africa - 10%, South America-10%.

The water treatment chemicals market is dominated by a few globally established players such as Kemira OYJ (Finland), BASF SE (Germany), Ecolab Inc. (U.S.), Dow Inc. (U.S.), and Solenis LLC (US).

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