Press release
Water Treatment Chemicals Market expected to Witness Huge Revenue Growth to 2034
The global water treatment chemicals market is estimated to reach over USD 57.1 Bn by 2034, exhibiting a CAGR of 4.2% during the forecast period.
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Wastewater treatment chemicals are substances utilized to purify water by eliminating impurities such as suspended solids and turbidity. These include coagulants, defoamers, sludge conditioners, and filtration aids, and they are employed across both industrial and municipal sectors. Industries such as oil and gas, power generation, mining, pulp and paper, chemicals and fertilizers, pharmaceuticals, textiles, and food and beverage are key consumers of these chemicals.
With rising concerns about water scarcity, the adoption of wastewater recycling has grown significantly, acting as a major driver for the water treatment chemicals market. However, the expansion of the market faces challenges. The increasing complexity of chemical treatment processes and the emergence of alternative water purification technologies are restricting growth. Additionally, demand for sustainable and eco-friendly solutions, along with the potential for patent infringement, poses further limitations to market development.
List of Prominent Players in the Water Treatment Chemicals market:
• Arxada
• Baker Hughes, a GE company LLC
• BASF SE
• Buckman
• Cortec Corporation
• Dow Inc.
• Ecolab Inc.
• Green Water Treatment Solutions
• Johnson Matthey
• Kemira Oyj
• Kurita Europe GmbH
• Nouryon
• SNF Group
• Solenis LLC
• Solvay S.A.
• Somicon ME FZC
• SUEZ
• The Dow Chemical Company
• Veolia
Market Dynamics:
Drivers-
The increasing concern over diminishing freshwater supplies is a key factor accelerating the growth of the wastewater treatment chemicals market. Governments around the world are enforcing stringent environmental regulations to promote water reuse and reduce wastage. These efforts include major investments in municipal water infrastructure improvements across both urban and rural settings. This growing focus on domestic and industrial water treatment is expected to elevate the demand for water and wastewater treatment chemicals in the coming years.
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Challenges:
Fluctuating raw material prices pose a significant challenge, especially for small and medium-sized enterprises, making the adoption of wastewater treatment chemicals less feasible without regulatory pressure. Although environmental laws encourage their use, many businesses remain hesitant due to cost concerns. Additionally, some treatment chemicals may cause allergic reactions or skin irritations, including rashes, eczema, or mouth sores, potentially hindering broader market acceptance.
Regional Trends:
Asia Pacific leads the global water treatment chemicals market and is anticipated to maintain a dominant share in terms of revenue during the forecast period. Rapid urbanization and industrial growth in countries like China and India are major contributors to this expansion. Meanwhile, North America is expected to post the highest compound annual growth rate (CAGR), driven by its growing industrial base and stringent regulatory environment aimed at protecting water resources.
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, In Palwal, Haryana, Daiki Axis' subsidiary Daiki Axis India will begin construction on the company's second sewage treatment facility, which will have a 1,000-unit capacity.
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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 Application-
• Boiler water treatment
• Cooling water treatment
• Raw water treatment
• Water Desalination
• 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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