Water Treatment Chemicals Market
Water Treatment Chemicals Market by Type (Corrosion inhibitors, Scale Inhibitors, Biocides & Disinfectants, Coagulants & Flocculants, Chelating Agents, Anti-Foaming Agents, PH Adjusters, Stabilizers), by End-Use (Residential, Commercial, Industrial), by Regions (North America, Europe, Asia Pacific, Middle East & Africa, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
|Water Treatment Chemicals Market Forecast Year:||2022 - 2028|
|Water Treatment Chemicals Market Historical Year:||2016 - 2021|
|Water Treatment Chemicals Market 2021:||USD 36.21 Billion|
|Water Treatment Chemicals Projected Market 2028:||USD 72.94 Billion|
|Water Treatment Chemicals Market CAGR:||9.3%|
|Fastest Growing Region:||Asia Pacific|
|Largest Region:||Asia Pacific|
Water Treatment Chemicals Market: By Type, End-Use, and Region
Growing demand for Water Treatment Chemicals, such as flocculants, coagulants and strong oxidizers (such as hydrogen peroxide), has led to greater use of these substances in water treatment processes. The use of Water Treatment Chemicals, which are designed to clean the water, have made it possible for communities with limited resources to develop improved drinking water supplies.
With growing awareness of the importance of clean water for human health and the environment, treated wastewater is being released into freshwater bodies with increasing frequency. Today most industrialized cities have a tertiary wastewater treatment system which includes removal of organic materials and phosphorus from domestic sewage through a series of physical, chemical and biological steps before discharging treated effluent back to a surface water body. Discharges from industrial scale point source pollution require site remediation before they are release back to a freshwater body.
Exposure to Water Treatment Chemicals can Severely Affect Health and may Hamper Water Treatment Chemical Market Growth
Exposure to chemicals like flocculants and coagulants could cause irritation or damage the respiratory system. Inhalation exposure may also affect the nervous system. Neurotoxicity was observed after exposure to high concentrations of sodium hypochlorite during bench-top testing for example, exposure to hydrogen peroxide can cause skin sensitization and irritation, dermatitis or burns. Overexposure to Water Treatment Chemicals, including ingestion of large amounts or long-term contact with small amounts, could have toxic effects on various organs. Some products are carcinogens or reproductive toxins.
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Growing Demand for Industrial Waste Water Treatment Chemicals
Water is used by all kinds of industries in various processes and production activities. As per government regulations, it becomes essential for these industries to treat their waste. Treatment of industrial waste has become an important part of environmental responsibility for industrial units across the world. Growing awareness about industrial waste management is also driving growth in this market. There is a growing demand from developed regions such as North America and Europe. For instance, growing consumption in dyeing & printing segment fuels usage of different kinds of treatment chemicals in textile industries. Strong economic development contributes towards production activities leading to generation of industrial wastes. This is anticipated to drive demand for water treatment technologies during forecast period.
Asia Pacific Holds Great Potential for Future Investments Due to Tremendous Growth in Textile and Chemical Industries
India, an emerging economy – houses a large number of small scale as well as medium and large sized industrial units. In order to support the growing demand from these industries, manufacturers are investing heavily in technology upgradation along with downstream services. Growing applications of treatment chemicals due to rapid industrialization is expected to further drive market growth over the next eight years. China plays an important role in manufacturing activities which contribute towards generation of vast amount of wastewater every year. This factor has triggered interest among various organizations for adopting different types of water treatment technologies at their respective work places. These factors are anticipated fuel growth in this market during forecast period.
Revenue Generated from Different Application Industries
Growing demand and production of various types of chemicals is expected to fuel the growth of this market significantly during forecast period. Textile, sugar refining & distilling, oil refineries and petrochemicals are major contributors towards generation of huge amounts of wastewater which can be treated using Water Treatment Chemicals. This factor is also anticipated drive market growth over the coming years.
Some of the key players in the global Water Treatment Chemicals market are 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).
The Water Treatment Chemicals is Segmented as Follows:
|Market Size Provided for Years||2016-2028|
|Region & Counties Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Frequently Asked Questions
the global demand for Water Treatment Chemicals
in terms of revenue?
The global Water Treatment Chemicals valued at USD 36.21 Billion in 2020 and is expected to reach USD 72.94 Billion in 2028 growing at a CAGR of 9.3%
are the prominent players
in the market?
The prominent players in the market are 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).
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 9.3% between 2021 and 2028.
the driving factors
fueling the growth of the market.
The driving factors of the Water Treatment Chemicals include
- Tremendous Growth in Textile and Chemical Industries
region accounted for the
largest share in the market?
Asia Pacific was the leading regional segment of the Water Treatment Chemicals in 2020.