The water treatment chemicals global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Water Treatment Chemicals Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – 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 growth in the historic period can be attributed to health and safety regulations, corrosion control, biofouling mitigation, energy efficiency concerns, and 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%. The growth in the forecast period can be attributed to increasing digitalization, water recycling initiatives, climate change, urbanization, and microbial control. Major trends in the forecast period include ultraviolet and ozone treatment, antiscalants and dispersants, bio-based chemicals, advanced formulations, shift towards multifunctional chemicals.
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Scope Of Water Treatment Chemicals MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Water Treatment Chemicals Market Overview
Market Drivers -The increasing industrialization is expected to propel the growth of the water treatment chemicals market going forward. Industrialization refers to the economic and social transformation process characterized by the widespread adoption of industrial methods of production and organization. Industrialization is rising due to technological advancements, automation, and global demand for manufactured goods, increasing productivity and economic growth in major regions. Water treatment chemicals are essential in industrial processes, ensuring water purity, reducing contamination, and maintaining compliance with regulations, which are crucial for equipment durability and environmental protection. For instance, in April 2024, according to a report published by the Federal Reserve Board, a US-based governmental organization, industrial production rose 0.4% in March, and manufacturing output saw a 0.5% increase, partly driven by a 3.1% rise in motor vehicles and parts. Excluding motor vehicles and parts, factory output rose by 0.3%. Furthermore, in July 2023, according to Eurostat, a Luxembourg-based government statistical agency, in May 2023, seasonally adjusted industrial production in the European area rose by 0.2%, while in the European Union, it increased by 0.1% compared to April 2023. Therefore, increasing industrialization is driving the growth of the water treatment chemicals market.
Market Trends – Major companies operating in the water treatment chemicals market are focusing on developing advanced solutions, such as CURE Chemicals, to gain a competitive advantage in the market. CURE Chemicals is a chemical engineered to enhance the effectiveness and efficiency of water treatment processes while minimizing their environmental footprint. For instance, in April 2024, Gradiant, a US-based water industry company, unveiled CURE Chemicals. It is a comprehensive range of over 300 specialized formulations designed to optimize water and wastewater treatment processes. This product line encompasses corrosion and scale inhibitors, process chemicals, biocides, antiscalants, cleaners, coagulants, and flocculants. It is tailored to boost the efficiency and efficacy of treatment procedures and prioritizes environmental sustainability, minimizing its ecological impact.
The water treatment chemicals market covered in this report is segmented –
1) By Type: Coagulants, pH Adjusters And Softeners, Flocculants, Biocides And Disinfectants, Scale Inhibitors And Dispersants, Corrosion Inhibitors, Other Types
2) By Category: Boiling Water Treatment, Cooling Water Treatment
3) By Application: Raw Water Treatment, Water Desalination, Cooling, Boiler, Effluent Water Treatment, Other Applications
4) By End-Use: Power, Oil And Gas, Chemical Manufacturing, Mining And Mineral Processing, Municipal, Industrial, Food And Beverage, Pulp And Paper, Other End Uses
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Regional Insights – 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.
Key Companies – 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.
Table of Contents 1. Executive Summary2. Water Treatment Chemicals Market Report Structure3. Water Treatment Chemicals Market Trends And Strategies4. Water Treatment Chemicals Market – Macro Economic Scenario5. Water Treatment Chemicals Market Size And Growth…..27. Water Treatment Chemicals Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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