Water Treatment Chemicals Market Forecast to Reach $51.52 Billion by 2031 Driven by Increasing Industrial and Urban Water Contamination

"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 increasing expansion of industrial and urban areas is expected to drive the demand for effective water treatment solutions, as rising water consumption and contamination levels necessitate more reliable treatment methods. Additionally, a notable market trend is the growing demand for centralized fluid treatment facilities, particularly for medium- and small-scale industries, to achieve zero discharge through comprehensive in-situ treatment processes.

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

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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.
Market Dynamics:

Drivers:
The increasing demand for corrosion and scale inhibitors is a key factor driving the growth of the water treatment chemicals market. Corrosion inhibitors are utilized to prevent the deterioration of metallic components in boilers caused by the interaction of oxygen with metal surfaces, which leads to the formation of oxides. These oxides can compromise the integrity of the boiler, resulting in higher energy consumption and increased maintenance costs. Corrosion inhibitors function by forming a protective barrier over exposed metal surfaces, thereby enhancing the operational efficiency and longevity of the equipment.

Challenges:
The growing reliance on recycled wastewater due to water scarcity presents both opportunities and challenges for the water treatment chemicals market. The limited availability of freshwater resources has increased the demand for effective water treatment solutions, particularly in industries such as oil and gas, power generation, mining, pulp and paper, and chemical processing. This trend is expected to drive further expansion of the water treatment chemicals market as industries seek to secure clean water for their operations.

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North America Is Expected to Grow with The Highest CAGR During the Forecast Period
The North American water treatment chemicals market is projected to secure a substantial share of global revenue. The regions of North Dakota and West Texas have emerged as key producers of unconventional energy sources, such as tight oil and shale gas, driven by advancements in hydraulic fracturing technology. Consequently, the upstream oil and gas sector has witnessed increased demand for water treatment facilities. This growth is primarily attributed to stringent government regulations aimed at managing wastewater discharge and disposal. According to the International Trade Administration (ITA), the United States remains a global leader in energy production, consumption, and supply, particularly in thermoelectric power generation. The growing need for treatment chemicals within the U.S. power sector to manage wastewater is expected to further drive market expansion.

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

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.