Water Treatment Chemicals Market Size, Share & Growth [2032]
Water Treatment Chemicals Market Size, Share & Growth [2032]
Segments - Water Treatment Chemicals Market by Type (Coagulants & Flocculants, pH Adjusters and Softeners, Biocides and Disinfectants, Scale Inhibitors and Dispersants, and Corrosion Inhibitors), Application (Boiling Water, Cooling Water, Raw Water Treatment, Water Desalination, and Others), End-user (Industrial and Municipal), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024 – 2032
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| Report ID :MC-6621
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Report Description
The global water treatment chemicals market size was USD 38.5 Billion in 2023 and is likely to reach USD 53.4 Billion by 2032, expanding at a CAGR of 3.7% during 2024–2032. The market growth is attributed to the increasing demand for chemically treated water and rising demand for water consumption.
Improvement in the quality of water to make it useful for drinking, irrigational purposes, and industrial water supply is done using the process of water treatment. The water treatment removes the contaminants and reduces the concentration of undesirable content to improve the quality of water. The water treatment is done for drinking water, wastewater, and industrial water.
Elimination of hazardous chemicals and contaminants by chemical, physical, and physio-chemical treatment process. Some of the important chemicals used for water treatment are sodium metabisulfite, ferric chloride, and Sodium hexametaphosphate (SHMP). Urbanization and the growing population are boosting the demand for the water treatment process.
Impact of Artificial Intelligence (AI) in Water Treatment Chemicals Market
Artificial Intelligence is coming up with recent advances in the water treatment process. The AI-driven treatment process is employed for the desalination to optimize the process and offer some practical solution for the water pollution and water scarcity. Numerous AI models have successfully predicted the performance of different adsorbents for the removal of numerous pollutants from water.
Artificial Intelligence is used in the water treatment process to make the process flexible generalized, and design simplicity. Several water treatment techniques using AI is are in use. Techniques such as, Recurrent Neural Network (RNN), Convoluted Neural Network (CNN), Decision Tree (DT), Feed Forward Back Propagation Neural Network (FFBPNN), and Adaptive Network Based Fuzzy Inference System (ANFIS) are used in the treatment plants. These also works with the treatment chemicals.
Water Treatment Chemicals Market Dynamics
Major Drivers
Increasing demand for chemically treated water for due to the rapid urbanization and growing water pollutants is driving the market. Furthermore, the rising demand for water consumption due to the growing population is propelling the market. Emerging countries such as China and India are experiencing a severe water shortage due to rapid growing population and developmental changes, fueling the need for a pollution-free and decontaminated water.
Existing Restraints
Increasing environmental concerns due to the chemicals used in the treatment process is restraining the market. Additionally, the stringent regulation imposed by the government regarding the use of these chemicals is raising concerns, therefore, hindering the market. Presence of alternative treatment methods such as UV disinfection equipment is expected to hamper the global market during the forecast period.
Emerging Opportunities
Sustainable and green chemicals for the growing environmental concerns are expected to fuel the opportunities of water treatment chemicals market. Development of a biodegradable and non-toxic chemical is leading to the market growth by lowering down the environmental concerns. Furthermore, the advanced oxidation process (AOPs), which generated a highly reactive species such as hydroxyl radicals to degrade the pollutants is expected to fuel the market during the forecast period. The smart tag system is expected to fuel the market during the projection period. For instance,
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In March 2021, Nouryon unveiled LumaTreat, an innovative line of water management products. These patent-filed products utilize smart-tagged polymers. The fluorescent monomers in LumaTreat adhere to deposit control agents. By combining these monomers with deposit control polymers, a Smart Tag system accurately monitors unused polymer levels in water treatment. This launch is expected to boost demand for water treatment chemicals, driving the market.
Scope of the Water Treatment Chemicals Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Water Treatment Chemicals Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2023 |
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Historic Data |
2017–2022 |
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Forecast Period |
2024–2032 |
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Segmentation |
Type (Coagulants & Flocculants, pH Adjusters and Softeners, Biocides and Disinfectants, Scale Inhibitors and Dispersants, and Corrosion Inhibitors), Application (Boiling Water, Cooling Water, Raw Water Treatment, Water Desalination, and Others), and End-user (Industrial and Municipal) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Akzo Nobel N.V.; Baker Hughes Company; BASF SE; Ecolab; Group Ag; Kemira Oyj; Lonza; SNF Floerger; Solenis International LLC; Suez SA; and The Dow Chemical Company |
Market Segment Insights
Regional Analysis
In terms of region, the global water treatment chemicals market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific dominates the global market in 2023 owing to increasing awareness of the water treatment and rapid industrial and infrastructure development. The increasing government regulation in the region related to the water treatment chemicals is rising its demand in Asia Pacific. Several emerging economies in Asia Pacific such as India and China are boosting the regional market.
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In June 2021, Kemira, a global provider of sustainable chemicals for industries dealing with water treatment, is boosting its dimensions by elevating the water treatment chemical production capacity in Yanzhou, China. A new sodium hypochlorite production unit is being built by Kemira at the Yanzhou location. The advancement in the company's expansion plan is leading to the growth of the water treatment chemicals market by expanding the demand for water treatment in China and Asia-Pacific is addressed by these investments.
The market in North America is projected to grow at a significant pace in the years to come owing to the large industrialization. The increasing advancements in technologies for the health safety is boosting the regional market. Moreover, increasing investment of government in the supply of the chemically treated water is driving the regional market. Increasing demand for treated water from the power generation, pharmaceuticals, and food & beverage industries is significantly fueling the regional market. Increasing collaborations among key players is driving the regional market. For instance,
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In August 2022, Nouryon signed an agreement with Brenntag Specialties, to make Brenntag Specialties the only distributor of its unique LumaTreat tagged polymers in the U.S. and Canada. The water treatment plant is expected to gain an easier access to Nouryon's wide variety of specialty polymers and critical parts for commercial and industrial heating and cooling systems.
Segment Analysis
Type Segment Analysis
Based on type, the water treatment chemicals market is divided into coagulants & flocculants, pH adjusters and softeners, biocides and disinfectants, scale inhibitors and dispersants, and corrosion inhibitors. The coagulants & flocculants segment held the largest share in the global market in 2023 owing to the wide range of its applications in treatment. The growing adoption of the purification of the water impurities such as clumped particles, by facilitating an easier filtration and purification of water. Growing industrialization and stringent water quality standards is fueling the segment.
The biocides and disinfectants segment are anticipated to grow at a substantial CAGR during the forecast period due to the growing awareness of waterborne disease. The rising demand for safe drinking water sources is boosting the segment. Moreover, the increasing manufacturing of biocides and disinfectants is expected to drive the segment during the projection period.
Application Segment Analysis
On the basis of application, the global market is segregated into boiling water, cooling water, raw water treatment, water decontamination, and others. The boiling water segment is anticipated to register a considerable CAGR in over the predicted period due to the longevity and efficiency of boilers and steam generators. The boiler system prevents the corrosion and damages caused by chemical used for the treatment, The boiler water treatment segment ensures the optimal operation and is expected to drive the segment during the forecast period.
End-user Segment Analysis
On the basis of end-user, the water treatment chemicals market is bifurcated into industrial and municipal. The industrial segment registers a robust growth rate in 2023 due to the diverse water-based industrial processes such as heating, refrigeration, refining, and rinsing. The water treatment manufacturing ensures the efficiency of the operation, reducing the operational expenses. Furthermore, the increasing microbial contamination, corrosion, and residual water discharge is propelling the segment.
The municipal segment is expected to expand at a significant growth rate over the projection period due to increasing awareness for consuming safe drinking water. Treatment of wastewater such as pooled water, bottled water, and other drinking water is done under the municipal water treatment. Moreover, the growing concern for the severe scarcity of water is propelling the segment.
Segments
The water treatment chemicals market has been segmented on the basis of
Type
- Coagulants & Flocculants
- pH Adjusters and Softeners
- Biocides and Disinfectants
- Scale Inhibitors and Dispersants
- Corrosion Inhibitors
Application
- Boiling Water
- Cooling Water
- Raw Water Treatment
- Water Desalination
- Others
End-user
- Industrial
- Municipal
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Akzo Nobel N.V.
- Baker Hughes Company
- BASF SE
- Ecolab
- Group Ag
- Kemira Oyj
- Lonza
- SNF Floerger
- Solenis International LLC
- Suez SA
- The Dow Chemical Company
Competitive Landscape
Key players competing in the global water treatment chemicals market are Akzo Nobel N.V.; Baker Hughes Company; BASF SE; Ecolab; Group Ag; Kemira Oyj; Lonza; SNF Floerger; Solenis International LLC; Suez SA; and The Dow Chemical Company.
These players utilize several development strategies, such as product launches and acquisitions, to boost their global presence. For instance,
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In November 2023, Kemira, expanded the production capacity of its ferric sulfate water treatment chemicals facility in Goole, U.K. The additional investment of 70,000 metric tons per year helps meet the rising demand for coagulants. These coagulants are essential due to the stricter regulations outlined in the UK’s Asset Management Plan 7 and 8, which address phosphorus and other nutrient discharge from wastewater treatment. This expansion will enhance Kemira’s product portfolio propelling the market.
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In October 2023, Solenis, acquired CedarChem LLC. Solenis is a leading manufacturer of specialty chemicals for water-intensive industries and CedarChem offers water and wastewater treatment products for industrial and municipal uses. The company is primarily based in the southeastern U.S. The acquisition is by Solenis aims to give the customers a better chemical and wastewater treatment product and service solutions.
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In December 2022- Larsen and Toubro Construction announced a water and effluent treatment business securing a significant order from the Tumakuru Industrial Township Limited (TITL) under the Chennai Bengaluru Industrial Corridor (CBIC).
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Water Treatment Chemicals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Water Treatment Chemicals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Water Treatment Chemicals Market - Supply Chain
4.5. Global Water Treatment Chemicals Market Forecast
4.5.1. Water Treatment Chemicals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Water Treatment Chemicals Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Water Treatment Chemicals Market Absolute $ Opportunity
5. Global Water Treatment Chemicals Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Water Treatment Chemicals Market Size and Volume Forecast by Applications
5.3.1. Boiling Water
5.3.2. Cooling Water
5.3.3. Raw Water Treatment
5.3.4. Water Desalination
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Water Treatment Chemicals Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Water Treatment Chemicals Market Size and Volume Forecast by End Users
6.3.1. Industrial
6.3.2. Municipal
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Water Treatment Chemicals Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Water Treatment Chemicals Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Water Treatment Chemicals Demand Share Forecast, 2019-2026
8. North America Water Treatment Chemicals Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Water Treatment Chemicals Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Water Treatment Chemicals Market Size and Volume Forecast by Applications
8.4.1. Boiling Water
8.4.2. Cooling Water
8.4.3. Raw Water Treatment
8.4.4. Water Desalination
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Water Treatment Chemicals Market Size and Volume Forecast by End Users
8.7.1. Industrial
8.7.2. Municipal
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Water Treatment Chemicals Demand Share Forecast, 2019-2026
9. Latin America Water Treatment Chemicals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Water Treatment Chemicals Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Water Treatment Chemicals Market Size and Volume Forecast by Applications
9.4.1. Boiling Water
9.4.2. Cooling Water
9.4.3. Raw Water Treatment
9.4.4. Water Desalination
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Water Treatment Chemicals Market Size and Volume Forecast by End Users
9.7.1. Industrial
9.7.2. Municipal
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Water Treatment Chemicals Demand Share Forecast, 2019-2026
10. Europe Water Treatment Chemicals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Water Treatment Chemicals Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Water Treatment Chemicals Market Size and Volume Forecast by Applications
10.4.1. Boiling Water
10.4.2. Cooling Water
10.4.3. Raw Water Treatment
10.4.4. Water Desalination
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Water Treatment Chemicals Market Size and Volume Forecast by End Users
10.7.1. Industrial
10.7.2. Municipal
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Water Treatment Chemicals Demand Share Forecast, 2019-2026
11. Asia Pacific Water Treatment Chemicals Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Water Treatment Chemicals Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Water Treatment Chemicals Market Size and Volume Forecast by Applications
11.4.1. Boiling Water
11.4.2. Cooling Water
11.4.3. Raw Water Treatment
11.4.4. Water Desalination
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Water Treatment Chemicals Market Size and Volume Forecast by End Users
11.7.1. Industrial
11.7.2. Municipal
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Water Treatment Chemicals Demand Share Forecast, 2019-2026
12. Middle East & Africa Water Treatment Chemicals Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Water Treatment Chemicals Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Water Treatment Chemicals Market Size and Volume Forecast by Applications
12.4.1. Boiling Water
12.4.2. Cooling Water
12.4.3. Raw Water Treatment
12.4.4. Water Desalination
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Water Treatment Chemicals Market Size and Volume Forecast by End Users
12.7.1. Industrial
12.7.2. Municipal
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Water Treatment Chemicals Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Water Treatment Chemicals Market: Market Share Analysis
13.2. Water Treatment Chemicals Distributors and Customers
13.3. Water Treatment Chemicals Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Akzo Nobel N.V.
13.4.2. Baker Hughes Company
13.4.3. BASF SE
13.4.4. Ecolab
13.4.5. Group Ag
13.4.6. Kemira Oyj
13.4.7. Lonza
13.4.8. SNF Floerger
13.4.9. Solenis International LLC
13.4.10. Suez SA
13.4.11. The Dow Chemical Company
Methodology
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