Press release
Industrial Water Treatment Chemicals Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | BWA Water Additives UK Ltd., Dow Chemical Company, Ecolab Inc., Ashland Water Technologies, Kemira Oyj
Industrial Water Treatment Chemicals Market Size
The Business Research Company offers in-depth market insights through Industrial Water Treatment Chemicals Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The industrial water treatment chemicals market size has grown strongly in recent years. It will grow from $29.53 billion in 2023 to $31.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to increase in water pollution control, rise in industrial expansion, need for water reuse, increase in scaling and corrosion control, increase in use of boiler and cooling water treatment.
The industrial water treatment chemicals market size is expected to see strong growth in the next few years. It will grow to $39.48 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rising demand for recycling and reuse, increasing regulatory changes, growing oil and gas industry, increasing demand from healthcare and pharmaceuticals sectors, rising demand in desalination. Major trends in the forecast period include advanced oxidation processes, smart water treatment, reduced chemical usage, disinfection technologies, microplastics and micropollutants removal.
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Market Segmentation:
Industrial water treatment chemicals are segmented by product into antifoams, oxygen scavengers, corrosion inhibitors, biocides and disinfectants, oxidants, PH conditioners, sludge conditioners, scale inhibitors, and others. Antifoams are used in the application of microbiological fermentation techniques. Antifoams are also used by wiping on filling nozzles on a screen suspended above the foaming system rims of processing vats. The various end users are oil and gas, power, metal and mining, and chemicals. These are used in various applications such as raw water treatment, cooling and boilers, effluent water treatment, and water desalination.
Major Driver - Industrialization And Automotive Sector Expansion Fuel Growth In The Industrial Water Treatment Chemicals Market
Growth in industrialization and an expanding automotive sector are expected to propel the growth of the industrial water treatment chemicals market. Industrialization is rapidly growing in emerging economies such as China and India. The automotive sector is also expanding; for instance, according to the data provided by the India Brand Equity Foundation in November 2021, the production of automobiles increased at a rate of 2.36% CAGR between FY16 and FY20, and in FY20, 26.36 million vehicles were manufactured in India. Therefore, growth in industrialization and an expanding automotive sector drive the industrial water treatment chemicals market.
Competitive Landscape:
Major companies operating in the industrial water treatment chemicals market include BWA Water Additives UK Ltd., Dow Chemical Company, Ecolab Inc., Ashland Water Technologies, Kemira Oyj, Solenis LLC, Suez S.A, BASF SE, DuPont de Nemours Inc., Lonza Group Ltd., Buckman Laboratories International Inc., Snf Pvt. Ltd., The Lubrizol Corporation, Chemtrade Co. Ltd., Solvay SA, Advanced Water Solutions, Kurita Water Industries Ltd., Shandong Taihe Water Treatment Technology Co. Ltd., Henan Qingshuiyuan Technology Co. Ltd., Feralco Deutschland GmbH, Aditya Birla Chemicals Ltd., Veolia Environnement SA, Danaher Corporation, Xylem Water Solutions India Private Limited, United Utilities Group plc, Evoqua Water Technologies Corp., Aquatech Water Treatment Products and Services Ltd., Aqseptence Group Pvt. Ltd., Ovivo Inc., Chemifloc Ltd., Lenntech B.V., Nouryon Chemicals Co. Ltd., USALCO LLC, WesTech Co. Ltd.
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Top Trend - Advancements In Technology Revolutionize The Industrial Water Treatment Chemicals Market
Technology advancements are a key trend gaining popularity in the industrial water treatment chemicals market. These include new technologies for wastewater treatment. For example, according to the data provided by the Ministry of Science and Technology in August 2021, The Energy and Resources Institute of New Delhi developed a technology called The Advanced Oxidation Technology or TADOX that reduces load and dependence on tertiary and biological treatment systems that help to achieve Zero Liquid Discharge (ZLD).
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Water Treatment Chemicals Market Characteristics
3. Industrial Water Treatment Chemicals Market Trends And Strategies
4. Industrial Water Treatment Chemicals Market - Macro Economic Scenario
5. Industrial Water Treatment Chemicals Market Size And Growth
…..
27. Industrial Water Treatment Chemicals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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