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Industrial Water Treatment Chemicals Market to Surpass $40.18 Billion by 2029 | Key Trends & Insights
Industrial Water Treatment Chemicals Market
How Will the Industrial Water Treatment Chemicals Market Grow by 2025 in Terms of Size and Growth?
In the previous years, the market size of industrial water treatment chemicals has experienced significant growth. The market is expected to grow from $31.73 billion in 2024 to $33.69 billion in 2025, registering a compound annual growth rate (CAGR) of 6.2%. This notable expansion throughout the historic period can be credited to several factors such as the increased efforts to control water pollution, the rise of industrial expansion, the necessity for water reuse, enhanced attempts for scaling and corrosion control, and the increasing use of boiler and cooling water treatments.
What Are the Estimated Growth Rates for the Industrial Water Treatment Chemicals Industry Through 2029?
The market size of industrial water treatment chemicals is anticipated to experience steady expansion in the coming years, reaching a value of $40.18 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 4.5%. The growth during the prediction period can be credited to factors such as the escalating demand for recycling and reuse, intensified regulatory alterations, the expansion of the oil and gas industry, and increased requirements from the healthcare and pharmaceutical sectors, in addition to an increase in demand for desalination. Key trends expected during the forecast period comprise advanced oxidation procedures, intelligent water treatment techniques, decreased chemical utilisation, disinfection technologies, and the removal of microplastics and micropollutants.
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What Are the Strategic Drivers Boosting Industrial Water Treatment Chemicals Market Performance?
The booming industrialization and the evolving auto industry are projected to fuel the growth of the industrial water treatment chemicals market. Industrialization is on a quick rise in emerging markets like China and India. The car industry is also experiencing enlargement; For instance, in February 2022, Brand Finance plc, a UK-based company for brand valuation, reported around 78 million units sold in the automotive sector in 2022, reflecting a substantial 10% growth. Hence, the surge in industrialization paired with a booming automotive industry are pushing forward the industrial water treatment chemicals market.
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What Are the 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.
What Are the Key Adoption Trends in the Industrial Water Treatment Chemicals Market?
Leading firms working in the field of industrial water treatment chemicals are inventing sophisticated products like CURE Chemicals to improve the effectiveness, sustainability, and productivity of water treatment procedures throughout multiple industries. In April 2024, for example, a US-based firm that delivers water treatment technology, Gradient, introduced CURE Chemicals. This product was designed to boost water treatment approaches for essential industries. CURE Chemicals were crafted via innovative research and practical insights to enhance water quality, making sure it fulfills the rigorous requirements of downstream processes or drinkable applications. Containing over 300 exclusive formulas, the CURE Chemicals range comprises corrosion and scale inhibitors, process chemicals, biocides, and antiscalants.
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Which Companies Lead the Competitive Landscape of the Industrial Water Treatment Chemicals Industry?
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.
Where Are the Key Industrial Water Treatment Chemicals Market Opportunities by Region?
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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