Water Treatment Chemicals Market Latest Trends and Future Aspect Analysis

Water Treatment Chemicals Market to reach over USD 51.52 billion by the year 2031 - Exclusive Report by InsightAce Analytic

"Water Treatment Chemicals Market" in terms of revenue was estimated to be worth $35.58 billion in 2023 and is poised to reach $51.52 billion by 2031, growing at a CAGR of 4.50% from 2024 to 2031 according to a new report by InsightAce Analytic.

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Latest Drivers Restraint and Opportunities Market Snapshot:

Key factors influencing the global water treatment chemicals market are:
• The growing levels of water pollution, whether from industrial discharges or agricultural runoff, create a demand for effective water treatment solutions.
• The expansion of industrial and urban areas leads to higher levels of water usage and contamination, driving the need for robust water treatment processes.
• Advances in water treatment technologies and the development of innovative chemical formulations contribute to the market growth.

The following are the primary obstacles to the water treatment chemicals market's expansion:
• The growth of the water treatment chemicals market will be hindered by the expansion of alternative treatment technologies and the increasing complexity of water treatment processes.
• The country is experiencing a dampened demand for water treatment chemicals due to concerns regarding their toxicity.
• The rise of alternative technologies like reverse osmosis, U.V. disinfection, and others presents a challenge to the water treatment chemicals industry.

Future expansion opportunities for the global water treatment chemicals market include:
• Government initiatives and investments in water infrastructure projects, creates opportunities in the market.
• Stringent governmental regulations regarding the Total Suspended Solids (TSS) levels in water will generate abundant opportunities for the water treatment chemicals market.
• The growing investments in sewage treatment plants are poised to present a significant growth opportunity.

Market Analysis:
• The need for reliable water treatment methods will increase as a result of the growth of industrial and urban regions, which raise water consumption and contamination levels. Moreover, the market trend that stands out the most is the growing need for centralized fluid treatment unit facilities for medium- and small-scale industries in order to achieve zero discharge through complete in-situ procedures.

List of Prominent Players in the Water Treatment Chemicals Market:
• AkzoNobel N.V.
• Baker Hughes Company
• BASF SE
• Solens LLC
• Kemira OYJ
• Lonza Group AG
• Suez SA
• The Dow Chemical Company
• Ecolab Inc.
• Veolia
Water Treatment Chemicals Market Report Scope:
Report Attribute Specifications
Market size value in 2023 USD 35.58 billion
Revenue forecast in 2031 USD 51.52 billion
Growth rate CAGR CAGR of 4.50% from 2024 to 2031
Quantitative units Representation of revenue in US$ Bn, Volume (KT), and CAGR from 2024 to 2031
Historic Year 2019 to 2023
Forecast Year 2024-2031
Report coverage The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Segments covered By Type, Application, End-Use Industry, And Source
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Recent Developments:
• In January 2023, Sim Analytics was fully acquired by Kemira, a chemical solutions provider for water-intensive industries. Kemira is now better equipped to serve its customers' companies with data-driven predictive services and machine learning solutions thanks to this calculated strategic move.
• In December 2020, Buckman declared that the Buckman Center of Excellence would open at the prestigious International Center for Clean Water (ICCW) in Chennai, India.
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Water Treatment Chemicals Market Dynamics:
Market Drivers: Increasing Demand from Corrosion and Scale Inhibitors
Corrosion inhibitors are chemicals employed to mitigate corrosion in boilers. They address the detrimental effects caused by the interaction of oxygen with metallic components. This reaction forms oxides that can negatively impact the boiler's metallic parts, leading to increased energy costs and maintenance expenses. The inhibitors work by creating a protective barrier, forming a thin layer over the exposed areas of the boiler in contact with water.
Challenges: Increased Usage of Recycling Wastewater
The scarcity of water has led to a rise in the utilization of recycled wastewater. This limited availability of water has become a significant factor contributing to the expansion of the water treatment chemicals market. Additionally, the demand for clean water in industries such as oil and gas, power plants, mining, pulp and paper, and chemical processing is anticipated to propel the growth of the water treatment chemicals market further.
North America Is Expected to Grow with The Highest CAGR During the Forecast Period
The North American Water Treatment Chemicals Market is likely to register a significant revenue share. North Dakota and West Texas regions of North America are the main producers of unconventional energy sources, including tight oil and shale gas, thanks to technological developments in hydraulic fracturing. As a result, the upstream oil and gas industry has seen an increase in demand for water treatment facilities. Strict government restrictions designed to regulate wastewater output and disposal are the cause of this growth. The United States leads the world in energy production, consumption, and supply (thermoelectric power plants). This is according to the International Trade Administration (ITA). Market expansion is anticipated to be positively impacted by the rising demand for treatment chemicals from the American power sector to treat its wastewater.
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 Applications-
• Boiler Water Treatment
• Cooling Water Treatment
• Raw Water Treatment
• Water Desalination
• Others
By End-User-
• Residential
• Commercial
• Industrial
By 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 Middle East and Africa

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