Water Treatment Chemicals Market Forecast: Growth, Challenges, and Opportunities Through 2031

"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 ongoing expansion of industrial and urban areas is anticipated to propel demand for efficient water treatment solutions, driven by escalating water consumption and increasing contamination levels that require more dependable treatment technologies. Furthermore, a significant market trend is the rising demand for centralized fluid treatment facilities, especially among medium- and small-scale industries, aimed at achieving zero liquid discharge through integrated 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 rising demand for corrosion and scale inhibitors is a significant driver of growth in the water treatment chemicals market. Corrosion inhibitors are employed to prevent the degradation of metallic components in boilers caused by the reaction between oxygen and metal surfaces, which leads to oxide formation. These oxides can weaken the structural integrity of boilers, resulting in increased energy consumption and higher maintenance expenses. By creating a protective layer on exposed metal surfaces, corrosion inhibitors enhance both the operational efficiency and service life of equipment.

Challenges:
The increased dependence on recycled wastewater as a response to water scarcity presents both opportunities and challenges for the water treatment chemicals sector. The scarcity of freshwater resources has heightened the demand for efficient water treatment solutions, particularly across industries such as oil and gas, power generation, mining, pulp and paper, and chemical processing. This shift is expected to further stimulate market growth as companies strive to ensure access to clean water for their operational needs.

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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 anticipated to capture a significant portion of the global revenue share. Regions such as North Dakota and West Texas have become prominent producers of unconventional energy resources, including tight oil and shale gas, facilitated by advancements in hydraulic fracturing technologies. As a result, the upstream oil and gas sector has experienced heightened demand for water treatment solutions. This growth is largely driven by stringent regulatory frameworks governing wastewater discharge and disposal. According to the International Trade Administration (ITA), the United States continues to lead globally in energy production, consumption, and supply, particularly in thermoelectric power generation. The increasing requirement for water treatment chemicals in the U.S. power generation sector to effectively manage wastewater is expected to further propel market growth.

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

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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.