With the rapid development of the industrial sector and urbanization, the market for water treatment chemicals, including flocculants and coagulants, defoamers, corrosion inhibitors, and pH boosters, is anticipated to experience exponential growth. The demand for these chemicals is expected to remain high due to the significant decline in freshwater resources and strict rules and regulations. The most noticeable trend currently dominating the market is the rise in demand for creating a centralized facility for fluid treatment units for medium and small-scale manufacturers for an entire in-situ process achieving zero discharge.
According to Data Bridge Market Research, the Global Water Treatment Chemicals Market is expected to undergo a CAGR of 10.13% from 2022 to 2029.
"Increasing Freshwater Scarcity Creates A Market For Chemical Water Treatment"
Fresh water shortages are a significant issue for industry and society. Industrial wastewater is produced when businesses need large volumes for production. Since water is a limited resource, companies will need to recycle and reuse it, and the role of water treatment chemicals comes in. These substances make water purifiable and increase its accessibility to us. In the coming years, rising industrialization is anticipated to necessitate increasing water resources. This expansion is anticipated to open up new opportunities for the water treatment chemical market and contribute to market expansion.
What Restraints the Growth of the Global Water Treatment Chemicals Market?
"The existence of alternatives may limit growth"
The market for water treatment chemicals is being held back by alternative water treatment technologies such as reverse osmosis (RO), ultra purification, and UV disinfection. Modern technology reduces the need for chemical water treatment. End users are looking for sustainable options for water treatment due to the increasing environmental concerns and regulations. For instance, the environmental protection agency regulation (EPA) favors ultraviolet disinfection over biocides based on chlorine.
Segmentation: Global Water Treatment Chemicals Market
The global water treatment chemicals market is segmented based on type, category, and end user.
- On the basis of type, the water treatment chemicals market is segmented into flocculants and coagulants, biocides and disinfectants, defoamers and defoaming agents, ph adjusters and softeners, and corrosion inhibitors.
- On the basis of category, the water treatment chemicals market is segmented into boiling water treatment and cooling water treatment.
- On the basis of end-user, the water treatment chemicals market is segmented into electric power generation, oil and gas, chemicals manufacturing, mining and minerals processing, municipal, food and beverages and pulp and paper.
Regional Insights: Asia-Pacific is Expected To Dominate the Global Water Treatment Chemicals Market
Asia-Pacific dominates the water treatment chemicals market and will continue to flourish its dominance during the forecast period due to the industrialization and urbanization of emerging countries such as India.
North America will continue to project the highest CAGR for this period because of increasing industrial growth and stringent environmental norms. Innovations in hydraulic fracturing technology have increased the output of unconventional sources such as shale gas and tight oil in North Dakota and West Texas. Through these increased water treatment facilities in the upstream oil and gas sector, the market is anticipated to grow significantly over the projection period.
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Recent Developments in Global Water Treatment Chemicals Market
- In 2021, To offer premium purification and separation solutions, Ecolab acquired Purolite. The agreement was structured as a cash transaction worth approximately USD 3.7 billion.
- In 2021, Kemira announced two investments to increase capacity in water treatment chemicals at its Yanzhou site in China to serve the expanding Asia-Pacific market better.
The Prominent Key Players Operating in the Global Water Treatment Chemicals Market Include:
- Ecolab (U.S.)
- Kemira Oyj (Finland)
- Danaher (U.S.)
- BASF SE (Germany)
- Kurita Water Industries Ltd (Japan)
- GENERAL ELECTRIC (U.S.)
- BWA Water Additives US LLC (U.S.)
- Cortec Corporation (U.S.)
- DOW (U.S.)
- Buckman (U.S.)
- Solvay (Belgium)
- Akzo Nobel N.V (Netherlands)
- Air Products and Chemicals, Inc (U.S.)
- ION EXCHANGE (India)
- Carus Group Inc (U.S.)
- Thermax Limited (India)
- Hydrite Chemical Co (U.S.)
- Lonza (Switzerland)
- SUEZ (France)
- Solenis (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Global Water Treatment Chemicals Market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Water Treatment Chemicals Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
