Press release
Industrial Water Treatment Chemicals Market 2024-2033: Size, Share & Competitive Landscape Analysis
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.
Market Overview -
Industrial water treatment chemicals such as coagulants, flocculants, and PH adjustment chemicals are used in wastewater treatment to adjust pH, begin coagulating solids in the wastewater, and remove bacteria before the wastewater is delivered to a clean or portable water supply for consumption.
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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.
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).
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Key Segments -
The industrial water treatment chemicals market covered in this report is segmented -
1) By Product: Antifoams, Oxygen Scavengers, Corrosion Inhibitors, Biocides and Disinfectants, Oxidants, PH Conditioners, Sludge Conditioners, Scale Inhibitors, Other Products
2) By Application: Raw Water Treatment, Cooling and Boilers, Effluent Water Treatment and Water Desalination
3) By End User: Oil and Gas, Power, Metal and Mining, Chemical, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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