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Industrialization And Automotive Sector Expansion Fuel Growth In The Industrial Water Treatment Chemicals Market Driving Market Acceleration in the Industrial Water Treatment Chemicals Industry, 2025
Industrial Water Treatment Chemicals
How Large Will the Industrial Water Treatment Chemicals Market Size By 2025?
In recent times, the market size for industrial water treatment chemicals has been experiencing robust growth. The market, valued at $31.73 billion in 2024, is projected to rise to $34.22 billion in 2025 at an annual compound growth rate (CAGR) of 7.8%. The expansion experienced in the past period comes as a result of factors such as a rise in water pollution control, industrial expansion, the necessity for water reuse, increased control of scaling and corrosion, and a heightened usage of boiler and cooling water treatment.
How Big Is the Industrial Water Treatment Chemicals Market Size Expected to Grow by 2029?
In the coming years, the market size for industrial water treatment chemicals is predicted to experience consistent growth. It is anticipated to reach $41.33 billion in 2029, with a compound annual growth rate (CAGR) of 4.8%. The growth over the forecast period is likely due to the escalating demand for recycling and reuse, more regulations, expansion of the oil and gas sector, increased demand from healT*HCare and pharmaceuticals sectors, and an uptick in desalination requirements. Key trends for the forecast period encompass advanced oxidation processes, intelligent water treatment, decrease in chemical usage, disinfection technologies, and the removal of microplastics and micropollutants.
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Which Key Market Drivers Powering Industrial Water Treatment Chemicals Market Expansion and Growth?
The surge in industrialization combined with a booming automotive industry are predicted to drive the growth of the industrial water treatment chemicals market. Fast growth in industrialization is seen especially in emerging economies like China and India. Similarly, the automotive industry is experiencing a significant expansion. A case in point is February 2022 data from Brand Finance plc, a UK-based brand valuation firm, which noted that the automobile sector achieved nearly 78 million unit sales in 2022, which represents a substantial 10% increase. Hence, the rising industrialization and growth in the automotive sector are fuelling the industrial water treatment chemicals market.
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Which Fast-Growing Trends Are Poised to Disrupt the Industrial Water Treatment Chemicals Market?
Leading corporations within the industrial water treatment chemicals market are developing advanced solutions such as CURE Chemicals to increase the effectiveness, sustainability, and efficiency of various industrial water treatment procedures. For example, Gradient, a US-based water treatment technology provider, introduced CURE Chemicals to the market in April 2024. This product is designed to boost water treatment systems for crucial industries. Born out of revolutionary research and operational insights, CURE Chemicals are crafted to enhance water quality, guaranteeing it surpasses the severe requirements of subsequent processes or drinkable uses. The CURE Chemicals product line encompasses over 300 unique formulations, including corrosion and scale inhibitors, process chemicals, biocides, and antiscalants.
What Are the Emerging Segments in the Industrial Water Treatment Chemicals Market?
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
Subsegments:
1) By Antifoams: Silicone-based Antifoams, Non-silicone Antifoams
2) By Oxygen Scavengers: Liquid Oxygen Scavengers, Solid Oxygen Scavengers
3) By Corrosion Inhibitors: Organic Corrosion Inhibitors, Inorganic Corrosion Inhibitors
4) By Biocides and Disinfectants: Chlorine-based Biocides, Non-chlorine Biocides
5) By Oxidants: Hydrogen Peroxide, Ozone
6) By pH Conditioners: pH Reducers, pH Boosters
7) By Sludge Conditioners: Polymer-based Conditioners
8) By Chemical Additives: Scale Inhibitors
9) By Scale Inhibitors: Phosphate-based Scale Inhibitors, Non-phosphate Scale Inhibitors,
10) By Other Products: Flocculants, Defoamers.
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Who Are the Global Leaders in the Industrial Water Treatment Chemicals Market?
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.
Which are the Top Profitable Regional Markets for the Industrial Water Treatment Chemicals Industry?
Asia-Pacific was the largest region in the industrial water treatment chemicals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial water treatment chemicals market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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