Water Treatment Chemicals Market worth $43.9 billion by 2028 | Key players Kemira OYJ (Finland), BASF SE (Germany), Ecolab Inc. (US), Dow Inc. (US).

According to recent market research the "Water Treatment Chemicals Market by Type (Flocculant & Coagulant, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents), Source, End-use (Residential. Commercial & Industrial), and Region - Global Forecast to 2028", size is projected to reach USD 43.9 billion by 2028 from USD 36.7 billion in 2023, at a CAGR of 3.6% during the forecast period. The major drivers for the water treatment chemicals market are increasing demand for chemically treated water in various end-use industries, stringent water, and wastewater regulations, and increasing water pollution. Alternative water treatment technologies, high costs of water treatment chemicals, maintenance, and energy are considered restraining factors in this market. Whereas rising population and rapid urbanization in emerging economies, increasing demand for specific formulations act as opportunities in the market.

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Corrosion inhibitors are the fastest-growing segment due to their critical role in safeguarding industrial equipment and infrastructure from corrosion-related damage. With industries expanding globally, the imperative to extend the lifespan of valuable assets and minimize maintenance expenses is paramount. Corrosion inhibitors offer a cost-effective and efficient solution, making them a high-demand product category and contributing to their status as the fastest-growing segment in the market.

Water desalination is estimated to be the second fastest growing segment in the overall water treatment chemicals market, due to escalating global water scarcity issues. With the expanding population and industrial growth, the demand for freshwater is surging. Desalination processes, utilizing treatment chemicals, provide a sustainable solution by converting seawater or brackish water into fresh water, making it a pivotal sector to address the world's increasing need for potable water resources.

Synthetic is estimated to be the second fastest growing and largest segment of water treatment chemicals due to increasing demand for specialized chemical compounds. Industries require tailored solutions to address unique water treatment challenges, which synthetic chemicals can provide. These versatile and customizable compounds are gaining traction as they offer effective and precise solutions for various water treatment applications, positioning them as a rapidly expanding market segment behind corrosion inhibitors in the industry.

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Industrial is estimated to be the largest and fastest growing application of water treatment chemicals, due to escalating industrialization, particularly in emerging economies. Industries rely on water treatment chemicals to maintain water quality for various processes, minimize environmental impact, and ensure regulatory compliance. As industrial activity expands, there is a heightened demand for these chemicals, making it the fastest-growing end-user segment within the water treatment chemicals market.

Europe holds the third-largest market share in the water treatment chemicals sector due to several factors. The region's well-established industrial base, stringent environmental regulations, and a focus on water quality have driven demand for treatment chemicals. Additionally, Europe's commitment to sustainability and environmentally responsible practices has fostered the use of water treatment chemicals in various industries. Continuous efforts to address water scarcity and contamination issues make Europe a prominent market for these products, securing its position as the third-largest market in the global water treatment chemicals industry.

Kemira OYJ (Finland), BASF SE (Germany), Ecolab Inc. (US), Dow Inc. (US), and Solenis LLC (US) are some of the established players in the water treatment chemicals market. These players have adopted various strategies such as mergers & acquisitions, joint ventures, and expansion to strengthen their market position.

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Kemira Oyj is one of the global chemical companies serving its customers in water intensive industries. It offers expertise, application know-how, and chemicals that improve product quality, process, and resource efficiency. It operates through two business segments: pulp & paper, and industry & water. The company is engaged in providing chemicals to water-intensive industries for various water treatment processes. WTCs produced by the company are used in municipal and oil & mining industries. Kemira has a global presence with sales presence in more than 100 countries. The company also has 63 manufacturing facilities and 3 R&D centers across different region including Europe, North America, and Asia Pacific.

BASF SE is one of the leading global chemical companies. The company operates through six business segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. It offers WTCs through its industrial solutions business segment under energy & resources sub-segment. The company offers various types of WTCs such as coagulants & flocculants, corrosion inhibitors, defoamers, biocides, and antiscalants & dispersants under different brand names including Magnafloc, Basocorr, Solutrix, and Alcomer. BASF SE operates in more than 90 countries through its subsidiaries. The company primarily operates in Europe, and it has strong presence in North America and Asia Pacific regions. The company also has a strong manufacturing presence with more than 232 production sites worldwide.

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