Water Treatment Chemicals MarketThe GlobalWater Treatment Chemicals Marketis estimated at USD USD 36.2 Billion billion in 2021 and is expected to grow with a compound annual growth rate (CAGR) of 9.3%% between 2022 and 2028. Water treatment chemicals are used to treat water and wastewater by altering the natural properties like water chemistry in municipal and industrial systems. As a result of increased awareness about clean and safe water along with government regulations on wastewater management, the need for water purification chemicals is increasing. In North America and Europe, the market for water treatment chemicals is already well established. Market growth in these regions is mainly due to rising water levels and strict adherence to environmental laws.
An increase in average global temperature, coupled with the unavailability of safe drinking water at public places like tourist spots, train stations, and shopping malls, has created a huge demand for bottled water. Advanced technology reduces the use of chemicals in water purification processes. The development of a small and medium-scale wastewater treatment plant, the recycling of wastewater for complete processing at zero, and improved biological wastewater treatment systems are among the most prominent trends in the global market for wastewater treatment chemicals.
Even with high consumer investment blocks at adopting technologies despite strict rules for industrial water purification, there are restrictions. These are caused due to the huge investment in the production of these plants for having high-quality cleaning technologies on the premises. But with increasing competition and reduced genes, companies do not want large investments, thus slowing down market growth. The general aversion of water purification chemicals and the preference for water purification technologies, such as UV disinfection and RO filters, is a common practice in the water purification industry. With the growth of environmental concerns and regulatory pressures, the market for water treatment chemicals is slowly moving towards these sustainable options. The growing demand for bottled water has led to an increase in the interest of large companies such as Coca-Cola, Nestlé, and PepsiCo. This is expected to contribute to the growth of the global water and wastewater treatment chemicals market in the coming years.
The global water treatment chemicals market is segmented on the basis of type into coagulant & flocculant, biocide, corrosion & scale inhibitor, defoamer, pH adjuster, and others like a chelating agent, oxygen scavenger, etc. While based on the application the market is divided into, water cooling, boiler water, membrane water, municipal water. A classification also on the basis of end-users the market is as oil & gas, energy, mining, pulp & paper, chemical & fertilizer, pharmaceutical, municipal, textile, food & beverages, and others.
Asia-Pacific achieved a major target by 2021 and is expected to maintain the trend during the forecast period. This is due to a number of factors such as rising water quality, strong economic growth, environmental concerns, and the development of water purification infrastructure in the region. The rest of the market is segmented into North America, Europe, Latin America, Middle East & Africa.
Some of the major players working in the global water treatment chemicals market include - BASF SE (Germany), Ecolab Inc. (US), Solenis LLC (US), Akzo Nobel N.V. (Netherlands), Kemira OYJ (Finland), Baker Hughes (US), Lonza (Switzerland), The Dow Chemical Company (US), Snf Floerger (France), Solenis LLC (US), and Suez S.A. (France).
Nov 23, 2021
