PUBLISHER: The Business Research Company | PRODUCT CODE: 1503931
PUBLISHER: The Business Research Company | PRODUCT CODE: 1503931
Water treatment chemicals play a crucial role in purifying and enhancing the quality of water for diverse applications, including drinking, industrial processes, irrigation, and recreational use. These substances are integral to water treatment systems, addressing issues such as microbial contamination, chemical pollutants, suspended solids, taste and odor concerns, and scale buildup.
The primary categories of water treatment chemicals include coagulants, pH adjusters and softeners, flocculants, biocides and disinfectants, scale inhibitors and dispersants, corrosion inhibitors, and others. Coagulants promote the aggregation of small particles into larger clumps, facilitating their removal from water. The applications of these chemicals span raw water treatment, water desalination, cooling systems, boilers, effluent water treatment, and more, serving various industries such as power generation, oil and gas, chemical manufacturing, mining, municipal water treatment, industrial facilities, food and beverage production, pulp and paper manufacturing, and others.
The water treatment chemicals market research report is one of a series of new reports from The Business Research Company that provides water treatment chemicals market statistics, including water treatment chemicals industry global market size, regional shares, competitors with a water treatment chemicals market share, detailed water treatment chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the water treatment chemicals industry. This water treatment chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The water treatment chemicals market size has grown strongly in recent years. It will grow from $34.03 billion in 2023 to $35.77 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The expansion during the historical period can be attributed to factors such as health and safety regulations, efforts in corrosion control, mitigation of biofouling, concerns regarding energy efficiency, and the increasing issue of water scarcity.
The water treatment chemicals market size is expected to see strong growth in the next few years. It will grow to $44.25 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. In the forecast period, growth can be linked to the rise of digitalization, initiatives in water recycling, the impact of climate change, urbanization trends, and the focus on microbial control. Key trends in this period encompass the adoption of ultraviolet and ozone treatment methods, the use of antiscalants and dispersants, the development of bio-based chemicals, advancements in chemical formulations, and a shift towards multifunctional chemicals.
The growth of the water treatment chemicals market is expected to be driven by the increasing pace of industrialization. Industrialization refers to the process of economic and social transformation characterized by the widespread adoption of industrial production methods and organizational structures. This trend is on the rise due to advancements in technology, automation, and the global demand for manufactured goods, leading to increased productivity and economic growth across major regions. Water treatment chemicals play a vital role in industrial processes by ensuring water purity, reducing contamination, and maintaining regulatory compliance, which are crucial for equipment durability and environmental protection. For instance, in April 2024, a report from the Federal Reserve Board, a US-based governmental organization, noted a 0.4% increase in industrial production in March, with manufacturing output rising by 0.5%, driven in part by a 3.1% increase in motor vehicles and parts. Excluding motor vehicles and parts, factory output rose by 0.3%. Additionally, in July 2023, Eurostat, a Luxembourg-based government statistical agency, reported a 0.2% increase in seasonally adjusted industrial production in the European area and a 0.1% increase in the European Union compared to April 2023. Hence, the growing industrialization is fueling the growth of the water treatment chemicals market.
Major players in the water treatment chemicals market are focusing on developing advanced solutions, such as CURE Chemicals, to gain a competitive edge. CURE Chemicals are engineered to enhance the efficiency and effectiveness of water treatment processes while minimizing their environmental impact. For example, in April 2024, Gradiant, a US-based water industry company, introduced CURE Chemicals, a comprehensive range of over 300 specialized formulations designed to optimize water and wastewater treatment processes. This product line includes corrosion and scale inhibitors, process chemicals, biocides, antiscalants, cleaners, coagulants, and flocculants, all tailored to improve treatment process efficiency and environmental sustainability.
In March 2024, Hawkins Inc., a US-based chemicals company, acquired Industrial Research Corporation for an undisclosed sum. This acquisition was aimed at strengthening Hawkins Inc.'s presence in the specialty chemicals and water treatment sectors, filling geographical gaps in market coverage, enhancing distribution capabilities, and consolidating its customer base. Industrial Research Corporation specializes in providing equipment and chemicals for water treatment, further expanding Hawkins Inc.'s portfolio and market reach.
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 Speciality Limited, Avista Technologies Inc., Zaozhuang Kerui Chemicals Co Ltd, Aries Chemical Inc., American Water Chemicals Inc., Aqua Clear Industries Inc.
North America was the largest region in the water treatment chemicals market in 2023. 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.
The countries covered in the water treatment chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The water treatment chemicals market consists of sales of ion exchange resins, reverse osmosis membranes, UV disinfection systems, and ozone generators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Water Treatment Chemicals Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on water treatment chemicals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for water treatment chemicals ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The water treatment chemicals market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.