Water Treatment Chemicals Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Water treatment chemicals are substances used in the purification and treatment of water to improve its quality, safety, and suitability for various purposes, including drinking, industrial processes, irrigation, and recreational activities. These chemicals are added to water treatment systems to address specific issues such as microbial contamination, chemical pollutants, suspended solids, taste and odor problems, and scale formation.

Sizing and Forecast

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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Segmentation & Regional Insights

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

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.

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Major Driver Impacting Market Growth

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.

Key Industry Players

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.

The water treatment chemicals market report table of contents includes:

1. Executive Summary

2. Water Treatment Chemicals Market Characteristics

3. Water Treatment Chemicals Market Trends And Strategies

4. Water Treatment Chemicals Market – Macro Economic Scenario

5. Global Water Treatment Chemicals Market Size and Growth

…..

32. Global Water Treatment Chemicals Market Competitive Benchmarking

33. Global Water Treatment Chemicals Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Water Treatment Chemicals Market

35. Water Treatment Chemicals Market Future Outlook and Potential Analysis

36. Appendix

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