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The Global Water Treatment Chemicals Market Size is valued at 35.58 billion in 2023 and is predicted to reach 51.52 billion by the year 2031 at a 4.50% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The rise in the global population puts increased pressure on water resources, necessitating the need for efficient water treatment solutions to meet the escalating demand for clean water.
- The residential sector holds the largest market share among various end users and is expected to maintain dominance throughout the forecast period.
- North America dominated the market and accounted for a revenue share of global revenue in 2023.
- One of the significant concerns restraining industry growth is the need for a large amount of data to train A.I. systems for character and image recognition.
The water treatment chemicals industry is a rapidly growing industry that provides a range of products and services to improve water quality and safety for various applications, including drinking water, industrial processes, and wastewater treatment.
Growing demand for sustainable and innovative water treatment solutions, rising demand for natural and bio-based water treatment chemicals as consumers seek safer and eco-friendly alternatives to synthetic chemicals, and increasing adoption of advanced water treatment technologies such as membrane filtration, reverse osmosis, and ultraviolet (UV) are the major drivers of the water treatment chemicals market expansion.
However, stringent regulations and compliance requirements, increasing competition from alternative water treatment technologies, fluctuating raw material prices and supply chain disruptions, growing concerns over the environmental impact of water treatment chemicals, and limited adoption in developing regions due to high costs and lack of infrastructure are some of the major restraints that are limiting the water treatment chemicals market growth.
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.
Competitive Landscape
Some of the water treatment chemicals market players are:
- 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 Segmentation:
The water treatment chemicals market is segmented based on type, application, end-use industry, and source. On the basis of type, the market is categorized into corrosion inhibitors, scale inhibitors, biocides & disinfectants, coagulants & flocculants, chelating agents, anti-foaming agents, PH adjusters and stabilizers and others. Based on application, the market is categorized into boiler water treatment, cooling water treatment, raw water treatment, water desalination and others. Based on the end-use industry, the market is segmented into residential, commercial and industrial. Based on source, the market is categorized into synthetic and bio-based.
Based On The Source, The Synthetic Segment Is A Major Contributor To The Water Treatment Chemicals Market
The synthetic segment category is expected to hold a major share of the global water treatment chemicals market. Synthetic water treatment chemicals are manufactured through chemical synthesis and used in various water treatment applications. These chemicals are preferred over natural water treatment chemicals due to their higher effectiveness, purity, and consistency in performance. Synthetic water treatment chemicals such as coagulants, flocculants, biocides, and disinfectants are widely used in various end-use industries, including municipal, power, oil & gas, and mining. The growing demand for clean water from these industries is expected to drive the growth of the synthetic water treatment chemicals market. Additionally, the development of innovative and sustainable synthetic water treatment chemicals by key players is expected to further boost the growth of this segment in the coming years.
The Raw Water Treatment Segment Witnessed Growth At A Rapid Rate
The raw water treatment segment is expected to grow rapidly in the water treatment chemicals market due to increasing demand for clean and safe water from various end-use industries such as municipal, power, oil & gas, and mining. Raw water treatment involves the removal of impurities such as suspended solids, bacteria, viruses, and dissolved minerals from the water before it is used for various applications. The use of water treatment chemicals such as coagulants, flocculants, and disinfectants is crucial in achieving effective raw water treatment. With the growing demand for water treatment chemicals in the raw water treatment segment, key players are investing in developing innovative and sustainable products to cater to the increasing demand. Additionally, stringent government regulations related to water quality and safety are expected to drive the growth of the raw water treatment segment in the water treatment chemicals market.
The Asia Pacific, Water Treatment Chemicals Market Holds A Significant Revenue Share
Asia Pacific region is expected to dominate the water treatment chemicals market position in the forthcoming years, driven by rapid industrialization, increasing population, and growing demand for clean water. The region is home to some of the world's most dense countries, including China and India, experiencing high demand for water treatment chemicals to address water pollution and ensure safe drinking water. Additionally, many key regional players are expected to drive market growth. Other factors contributing to the Asia Pacific water treatment chemicals market growth include government initiatives to promote water conservation and the development of innovative and sustainable water treatment technologies.
In addition, the largest market share belonged to North America. In North America's North Dakota and West Texas regions, technological advancement in hydraulic fracturing has led to increased production output of unconventional sources, including shale gas and tight oil. As a result, water treatment facilities are now more prevalent in the upstream oil and gas sector, which is anticipated to have a significant positive impact on the water treatment chemicals market demand throughout the forecast period.
Water Treatment Chemicals Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 35.58 Bn |
|
Revenue forecast in 2031 |
USD 51.52 Bn |
|
Growth rate CAGR |
CAGR of 4.50% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion, Volume (KT), and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Type, Application, End-Use Industry, And Source |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
BASF SE, Kemira Oyj, Ecolab Inc., Dow Inc., Solenis LLC, SNF Floerger, Nouryon, Baker Hughes, Kurita Water Industries Ltd, Veolia, and Arxada. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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