Water Treatment Chemicals Market: Exploring the Profitable Investment Opportunities and Trends During 2023-2032

Allied Market Research published a report on the water treatment chemicals market, highlighting the various growth drivers, market restraints, and investment opportunities in the sector. The report states that the industry, which accounted for $37.5 billion in 2022, is anticipated to gather a sum of $53.8 billion by 2032, rising at a CAGR of 3.8% during 2023-2032. The study classifies the industry into various segments based on type and end-use industry. The segmental analysis is aimed at helping companies make the right business decisions in the long run.

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A Sneak Peek into the Evolving Nature of the Industry

The primary focus of the AMR report is on analyzing the leading factors influencing the growth of the sector. The study states that the water treatment chemicals market is predicted to witness growth in the coming period, owing to rapid expansion of the oil & gas exploration industry. Rise in demand for fossil fuels for energy generation has compelled companies to boost their oil production capabilities, thus increasing the use of different water treatment chemicals. Also, an increase in adoption of environmentally friendly techniques in oil and gas exploration firms is predicted to create favorable conditions for the growth of the market.

In the last few years, governments across the globe have enacted laws and legislations that make it compulsory for private industries, local authorities, and civil societies to adopt wastewater management techniques in urban as well as rural areas. This has led to a surge in demand for water treatment chemicals to clean drainage, sewage, and other sources of polluted water. Several manufacturing companies have proactively started using these chemicals to treat industrial effluents before releasing them into natural water bodies.

The AMR report also provides a comprehensive overview of the major administrative, legal, political, socioeconomic, cultural, and demographic factors impacting the industry in various regions across the globe. The regional analysis covers the growth of the sector in various countries of LAMEA, Asia-Pacific, Europe, and North America. The report highlights that the industry is expected to experience growth in the Asia-Pacific region owing to the rising pace of industrialization and urbanization.

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Industry Updates and Upcoming Trends

The launch of several innovative products by leading companies in the industry is expected to play a major role in the expansion of the sector. For instance, in December 2023, Samyang Corporation, a plastic and resin manufacturer, announced the launch of two products, namely, Trilite RO membrane (reverse osmosis) and Trilite EDI (electrodeionizer). Designed to remove salt and organic matter from the water, these products help industries enhance the outlet water quality significantly.

Similarly, in April 2024, Gradiant, a wastewater treatment solutions provider, announced the launch of CURE Chemicals. With a product line of more than 300 proprietary formulations, including biocides, coagulants, and process chemicals, the company aims to cater to the diverse needs of manufacturing and other industries across the globe. The product launch is anticipated to strengthen Gradiant's position in the market significantly.

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Leading Companies in the Water Treatment Chemicals Market

Ecolab

Italmatch Chemicals S.p.A

Dober

Lonza

Solvay

Baker Hughes Company

Veolia

BASF SE

Kemira

American Water Chemicals, Inc.

Cortec Corporation

Hydrite Chemical

SNF

Nouryon

Solenis

Akzo Nobel N.V.

Hydrite Chemica

Dow

Canadian Clear

Kurita Water Industries Ltd.

US WATER SYSTEMS INC

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To summarize, the water treatment chemicals market report by AMR presents a thorough analysis of the leading growth drivers and restraints impacting the industry in recent times. The report also provides insights into how the sector is likely to evolve in the coming period on the basis of the latest trends and developments in the market to aid companies formulate effective growth strategies in the long run.

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Allied Market Research (AMR) is a full-service market research and business -consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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