In terms of revenue, the Global Water Treatment Chemicals Market is expected to reach USD 72.94 Billion by 2028, growing at a CAGR of 9.3% from 2022 to 2028. Water treatment chemicals provide an advantage for removing harmful bacteria, unwanted metals such as mercury, chloramines, VOCs, pharmaceutical waste, herbicides, and others. These agents are harmful to human health and need to be eradicated or cleaned. Rising demand for chemically treated water is needed in urban cities which is driving the Water Treatment Chemicals Market.
- Under the type segment, the coagulants & flocculants sub-segment is anticipated to hold a substantial share of the Water Treatment Chemicals Market. This is attributed due to the high functionality of this additive for treating water and cost competitiveness.
- Residential sub-segments held a significant market share in 2021. This is owing to the growing construction activities in populated economies.
- Asia Pacific is expected to grow at a fasted CAGR from 2022 to 2028. This region is growing at a rapid pace due to rising industrialization and urbanization along with huge demand for usable water.
- Restraining factors for Water Treatment Chemicals Market are the side effects of chemicals and the high cost of water treatment plants.
Some of the key players dominating the 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).
Water players a vital role in everyone’s life. Clean water is essential for drinking, industrial works, hospitals, commercial spaces, and others. In spite of personal cleaning machines and water purifiers water coming from dams, rivers, lakes and other sources needs to be treated chemically due to harmful content present. Industries consume tons of liters of water every day and this water is released in rivers, seas, and lakes and is reused again by chemically treating it. The major key advantages of water treatment chemicals are it provides clean and reusable water, protects the environment, keep diseases away, and produces energy (Hydroelectricity). There are some disadvantages of chemicals used to treat water. For instance, chemical coagulation an additive process used in treating water results in large proportions of sludge which is hazardous to plants and animals. This might hamper environmental sustainability and lead to problems and environmentalists might take certain actions to avoid this usage. Chemicals that might cause problems to a certain extent are chlorine disinfectants, UV disinfectants, electrochemical coagulation, and various others.
Asia Pacific is expected to grow at the fastest CAGR in the coming years due to the high demand for clean water in cities and industries. Major Key players are investing in the production of chemicals for treating water. China to be the epic center for manufacturing, the huge potential is predicted for Water Treatment Chemicals Market in recent years. Low cost of production and high demand is expected to flourish the Water Treatment Chemicals Market.