Water Treatment Chemicals : Market Size, Share, Prominent Players, Market Drivers, Challenges, Developments and Market Segmentations , Regional Study Forecast By 2031

The Global Water Treatment Chemicals Market Size is estimated to be 35.58 billion in 2023 and is expected to increase to 51.52 billion by 2031, with a compound annual growth rate (CAGR) of 4.50% during the forecast period of 2024-2031.

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Chemicals employed in wastewater treatment are classified as wastewater treatment chemicals. Sludge conditioners, defoamers, coagulants, and filter additives are among them. They are suitable for a diverse array of municipal and industrial applications. They assist in the purification of water streams by eliminating the turbidity caused by particulate. The primary end-users of wastewater treatment are the oil and gas, power, mining, pulp and paper, chemicals and fertilizers, pharmaceuticals, municipal, textile, food, and beverage industries. The primary reason for the increased market for water treatment chemicals is the increased use of effluent recycling due to water shortages. Nevertheless, the market for water treatment chemicals will be limited by the increasing number of chemical processes and the availability of alternative treatment technologies. Conversely, the market's expansion will be impeded by the demand for environmentally responsible formulations and the market's susceptibility to patent infringement.

List of Prominent Players in the Water Treatment Chemicals market:

• Johnson Matthey
• Kemira Oyj
• Kurita Europe GmbH
• Nouryon
• BASF SE
• Ecolab Inc.
• Green Water Treatment Solutions
• SNF Group
• Solenis LLC
• Solvay S.A.
• Somicon ME FZC
• SUEZ
• The Dow Chemical Company
• Veolia

Market Dynamics:
Drivers-

The increasing concern regarding the depletion of freshwater resources primarily drives the market growth of wastewater treatment chemicals. To prevent and resolve such circumstances and improve the reusability of effluent, governments in numerous countries worldwide are enacting stringent regulations and policies. Additionally, the governments of multiple countries are actively engaged in enhancing municipal water facilities in both urban and rural regions. It is anticipated that the demand for water and wastewater treatment chemicals will be driven by the development of industrial and domestic/municipal water treatment facilities during the forecast period. The market is further stimulated by the increasing contamination of groundwater, particularly in emerging countries, as a result of accelerated industrialization.

Challenges:

Various basic materials are priced at varying levels, discouraging numerous end users, particularly small-scale enterprises, from utilizing wastewater treatment chemicals. Manufacturers are only adopting wastewater chemicals due to the strict government regulations that apply to small-sector participants. This factor is anticipated to have a detrimental impact on the growth of the market for chemicals used in water and wastewater treatment. Adverse reactions to wastewater treatment chemicals, including allergies, mouth ulcers, eczema, and rashes, are expected to impede market expansion during the forecast period. Furthermore, not all pathogens and contaminants are eliminated from the water due to the difficulty of removing certain pollutants. This factor is anticipated to restrict the market expansion of chemicals utilized in effluent treatment.

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Regional Trends:

The revenue share of the Asia Pacific water treatment chemicals market is anticipated to be significant, and it is expected to experience a high compound annual growth rate (CAGR) in the near future. The Asia-Pacific region is currently dominated by the water treatment chemicals market. The industrialization and urbanization of developing nations such as China and India will ensure that it maintains its dominance throughout the forecast period. Additionally, North America's expanding industrial base and stringent environmental regulations will ensure that the region maintains the highest CAGR expectations during this period.

Recent Developments:

• In September 2022, Toray Industries, Inc. inaugurated the Toray India Water Research Center in Chennai, India. To help India meet its growing treatment demand, the institute will intensify R&D into applications for its water-treatment membrane technology.

• In August 2022, Daiki Axis India, the company's subsidiary, will commence construction of its second effluent treatment facility in Palwal, Haryana. The facility will have a 1,000-unit capacity.

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Segmentation of Water Treatment Chemicals market-

By Type-
• Coagulants and Flocculants
o Inorganic Coagulants
o Organic Coagulants
o Flocculants
• Anti-foaming agents
• pH adjusters and stabilizers
• Corrosion inhibitors
• Biocides & disinfectants
• Scale inhibitors
• Chelating agents
• Others

By Application-
• Cooling water treatment
• Raw water treatment
• Water Desalination
• Boiler water treatment
• Others

By End use industry-
• Residential
• Commercial
• Industrial

Based on the 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 the Middle East and Africa

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This release was published on openPR.