Water Treatment Chemicals Industry to See Robust Expansion, Valued at $45.32 Billion by 2029

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What Is the Projected CAGR for the Water Treatment Chemicals Market from 2024 to 2025?
Over the past few years, the market size for water treatment chemicals has seen consistent growth. It is anticipated to increase from $35.77 billion in 2024 to $37.3 billion in 2025, displaying a compound annual growth rate (CAGR) of 4.3%. The historical growth of this market can be linked to health and safety standards, control of corrosion, biofouling mitigation, concerns around energy efficiency, and issues of water scarcity.

What are the Expected Market Size and CAGR for Water Treatment Chemicals by 2029?
The market for water treatment chemicals is anticipated to experience consistent expansion in the upcoming years. The market is projected to reach $45.32 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.0%. Factors like rising digitalization, efforts towards water recycling, climate change, urban development, and microbial control contribute to the growth predicted during the forecast period. Key future trends include the use of ultraviolet and ozone treatment, antiscalants and dispersants, bio-based agents, advanced formulations, and a shift towards more multifunctional chemicals.

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Which Factors Are Driving the Global Water Treatment Chemicals Market Expansion?
The growth of the water treatment chemicals market is predicted to be driven by escalating industrialization. This term regards a socio-economic shift marked by the extensive utilization of industrial production and organizational techniques. Industrialization is escalating due to advancements in technology, automation, and a worldwide demand for manufactured products, bolstering productivity and economic growth in key areas. Water treatment chemicals are vital within industrial processes, assuring water cleanliness, minimizing contaminants, and ensuring adherence to regulations. These factors are essential for equipment longevity and environmental conservation. As an example, a report released by the US-based Federal Reserve Board in April 2024 stated that industrial production had grown 0.4% in March, with a 0.5% growth in manufacturing output. This was partially driven by a 3.1% surge in motor vehicles and parts. Excluding motor vehicles and parts, factory output saw a 0.3% climb. Moreover, data from Eurostat, a statistical agency based in Luxembourg, revealed in July 2023 that May 2023 saw a 0.2% rise in seasonally adjusted industrial production in the European area. The increase was 0.1% in the European Union compared to April 2023. As a result, the rise in industrialization is fueling the expansion of the water treatment chemicals market.

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Which Segment Currently Holds the Largest Share of the Water Treatment Chemicals Market?
The water treatment chemicals market covered in this report is segmented -

1) By Type: Coagulants, pH Adjusters And Softeners, Flocculants, Biocides And Disinfectants, Scale Inhibitors And Dispersants, Corrosion Inhibitors, Other Types
2) By Category: Boiling Water Treatment, Cooling Water Treatment
3) By Application: Raw Water Treatment, Water Desalination, Cooling, Boiler, Effluent Water Treatment, Other Applications
4) By End-Use: Power, Oil And Gas, Chemical Manufacturing, Mining And Mineral Processing, Municipal, Industrial, Food And Beverage, Pulp And Paper, Other End Uses

Subsegments:
1) By Coagulants: Aluminium-Based Coagulants, Iron-Based Coagulants, Others
2) By pH Adjusters And Softeners: pH Adjusters (Acidic, Alkaline), Water Softeners (Sodium-Based, Calcium-based)
3) By Flocculants: Organic Flocculants, Inorganic Flocculants
4) By Biocides And Disinfectants: Chlorine-Based Biocides, Bromine-Based Biocides, Oxidizing Biocides, Non-Oxidizing Biocides, Others
5) By Scale Inhibitors And Dispersants: Phosphonates-Based Scale Inhibitors, Polymeric Scale Inhibitors, Other Types Of Scale Inhibitors, Dispersants
6) By Corrosion Inhibitors: Organic Corrosion Inhibitors, Inorganic Corrosion Inhibitors, Others
7) By Other Types: Defoamers, Chelating Agents, Surfactants, Others (Antifoaming Agents, Oxidants)

Which Major Trends Are Shaping the Future of the Water Treatment Chemicals Industry?
Leading companies in the water treatment chemicals industry are concentrating on the advancement of sophisticated solutions like CURE Chemicals for a competitive edge in the market. CURE Chemicals is a chemical solution conceived to amplify the efficiency and effectiveness of water treatment methods, while simultaneously reducing their environmental impact. In 2024, Gradiant, a water industry firm located in the US, launched CURE Chemicals. This extensive lineup includes over 300 specified formulas designed to enhance water and wastewater treatment procedures. The product family covers corrosion and scale inhibitors, process chemicals, biocides, antiscalants, cleaners, coagulants, and flocculants. It is designed to augment the effectiveness and efficiency of treatment methods and puts a high emphasis on environmental sustainability, thereby reducing its ecological footprint.

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Which Key Players Dominate the Water Treatment Chemicals Industry Globally?
Major companies operating in the water treatment chemicals market are BASF SE, Dow Chemical Company, Solvay SA, Ecolab Inc., Arkema S.A., Israel Chemicals Ltd., Albemarle Corporation, Innospec Inc., Buckman Laboratories International Inc., ChemTreat Inc., Hydrite Chemical Co, DuBois Chemicals Inc., Ixom Operations Pty Ltd., Veolia Water Technologies & Solutions, Chem-Aqua Inc., Shandong Taihe Water Treatment Co Ltd., Carus Corporation, Aquapharm Chemicals Pvt. Ltd., Guardian Chemical Specialties Inc., Chemtex Specialty Limited, Avista Technologies Inc., Zaozhuang Kerui Chemicals Co Ltd., Aries Chemical Inc., American Water Chemicals Inc., Aqua Clear Industries Inc.

What Are the Fastest-Growing Regions in the Water Treatment Chemicals Market?
North America was the largest region in the 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 water treatment chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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