As per the report published by Kings Research, the global Water Treatment Chemicals Market was valued at USD 31.24 billion in 2023. The market is projected to reach USD 42.93 billion by 2031, growing at a CAGR of 4.26% from 2024 to 2031.
Increasing population growth and rapid urbanization, particularly in emerging economies, are placing immense pressure on water resources, necessitating effective treatment solutions to meet rising demand. Additionally, stringent regulatory frameworks mandating water quality standards across various industries and municipalities are leading to the widespread adoption of water treatment chemicals globally.
Companies Launch Cutting Edge Products to Expand Their Market Reach
The global water treatment chemicals market is fragmented with key players such as Dow, Ecolab, Veolia, Evoqua Water Technologies LLC, Buckman, Kemira, Solenis, LANXESS, BASF SE, SUEZ, and others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.
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Moreover, increasing industrial activities, particularly in sectors such as power generation, oil & gas, and chemical manufacturing, are augmenting the demand for specialized water treatment chemicals to mitigate environmental impact and ensure operational efficiency. Increasing concerns over water scarcity and climate change are propelling demand for advanced treatment solutions worldwide.
Technological innovations, such as smart water management systems and green chemistry formulations, are reshaping the market landscape. Additionally, the globalization of industrial operations and investments in water infrastructure are fueling market expansion. Furthermore, growing awareness regarding waterborne diseases and environmental degradation is prompting investments in advanced water treatment technologies and chemicals. Technological advancements, such as the development of eco-friendly and cost-effective chemical formulations, are expected to spur market expansion.
Key Insights
- Based on product, the coagulants & flocculants segment held the largest market share of 34.55% in 2023
- Based on end use, the municipal segment generated the highest revenue of USD 11.43 billion in 2023
- On the basis of region, Middle East and Africa is projected to garner revenue of USD 5.04 billion by 2031
Lummus Acquires Water Treatment Assets from Siemens Energy
May 2023: Lummus Technology, a leading provider of process technologies and sustainable energy solutions, signed an agreement with Siemens Energy to acquire assets from their water solutions portfolio. This acquisition encompasses copyrights, intellectual property, research and development assets, and trade secrets.
Key Segments: -
By Product Type:
- Coagulants & Flocculants: This segment is expected to hold the maximum market share, projected to reach USD 14.89 billion by 2031. These chemicals are crucial for removing suspended solids from water, making them essential in both municipal and industrial water treatment processes.
- Biocides & Disinfectants: These chemicals play a vital role in eliminating harmful microorganisms, ensuring water safety and hygiene.
- Defoamers & Defoaming Agents: Used to control foam formation, these chemicals are essential in various industrial processes.
- pH Adjusters & Softeners: These are critical for maintaining the pH balance and reducing water hardness, crucial for both industrial applications and safe potable water.
- Scale & Corrosion Inhibitors: These chemicals help in preventing scale formation and corrosion, thereby extending the lifespan of water treatment equipment and infrastructure.
By End-Use Industry: -
- Municipal: The largest consumer of water treatment chemicals, driven by the need for safe drinking water and efficient wastewater treatment.
- Power Generation: Requires large volumes of treated water for cooling and other processes.
- Oil & Gas: Utilizes water treatment chemicals for drilling, refining, and petrochemical processes.
- Chemical Manufacturing: Relies on these chemicals to ensure water used in production processes meets quality standards.
- Mining & Mineral Processing: Requires significant amounts of treated water for ore processing and other activities.
- Pulp & Paper: Uses water treatment chemicals to manage process water and effluent.
- Food & Beverages: Ensures water used in production is free from contaminants, maintaining product quality and safety.
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