Global Water Treatment Chemicals Market Report and Forecast 2032

Water Treatment Chemicals Market Insights & Analysis

The Global Water Treatment Chemicals Market is projected to grow at a CAGR of around 4.8% during the forecast period, i.e., 2024-32, and the market size is valued at around 37.5 billion in 2024. The growing emphasis on water treatment to diminish environmental degradation is propelling industry expansion. Raised levels of ground & surface water pollution, along with strict regulations governing water treatment and an increasing need in end-user industries, are motivating the expansion of water treatment chemicals.

The mounting consciousness of the importance of clean & safe water, coupled with government guidelines related to water processing, has resulted in an augmented need for water treatment chemicals. This growing demand ranges across residential, commercial, and industrial sectors, where chemically treated water is increasingly sought after. For instance, the South Charleston facility of Clearon Corp. was acquired by Solenis in September 2022. The procurement enabled Solenis to multiply its portfolio of water treatment chemicals for residential & commercial pool water & spa treatment.

Water treatment chemicals play a vital role in averting issues like suspended solids, deterioration, and contamination by microorganisms. Nevertheless, market competitors are facing challenges stemming from the rising cost of water treatment, which is constraining market growth. Additionally, the chemical industry employs several water treatment methods, constituting both physical & chemical approaches to eliminate substances, like sand, minerals, bacteria, viruses, and more.

Furthermore, given the significant drop in freshwater resources and the enforcement of strict rules and regulations, the demand for these chemicals is expected to remain high in the foreseeable future. Consequently, there is a growing trend towards the formation of centralized facilities for fluid treatment units, especially for medium- & small-scale manufacturers, aimed at achieving zero discharge through in-situ processes. This trend is anticipated to drive the growth of the Water Treatment Chemicals Market globally in the future years.

Global Water Treatment Chemicals Market FY32

• Study Period: 2024- 2032


• Base Year: 2022


• CAGR(2024-2032): 4.8%


• Market Value 2024: 37.5 Billion


• Fastest Growing Market: Asia-Pacific


• Major Players: BASF SE, Ecolab, Solenis, Nouryon, Kemira, Baker Hughes Company, Dow, SNF, Cortec Corporation, Buckman, Solvay, Kurita Europe GmbH, Others.

Water Treatment Chemicals Market Dynamics

• Government Regulations & Sustainability to Drive the Industry Growth

Strict governmental regulations and sustainability needs related to water treatment have led to an amplified demand for water treatment. These regulations are predominantly rigorous in developed regions like North America and Europe. For instance, the Clean Water Act, imposed by the US Environmental Protection Agency (EPA), actively manages water pollution by regulating sources that release pollutants into water bodies. Therefore, the imposed government guidelines surrounding water and wastewater treatment are anticipated to elevate the water treatment sector, thereby impelling the Water Treatment Chemicals Industry.

• Advent of Eco-friendly Formulation & Water Treating Alternatives to Hinder the Market

Nowadays, consumers in the water treatment industry are increasingly looking for environmentally friendly & sustainable substitutes for treating water. This, in turn, is creating a challenge for the Water Treatment Chemicals Market worldwide. Along with this, the adoption of alternative water treatment technologies & techniques, like reverse osmosis (RO), ultrafiltration, and UV disinfection, is also contributing to impeding the market expansion.

These advanced technologies reduce the dependence on traditional water treatment chemicals, thus limiting their demand across the global market. Further, given the mounting environmental awareness and regulatory measures, end-users are vigorously exploring sustainable water treatment options, which may hinder the industry's growth in the near future.

Water Treatment Chemicals Market Segment-wise Analysis

By Type:

• Coagulants & Flocculants
• Corrosion & Scale Inhibitors
• pH Adjusters & Stabilizers
• Anti-foaming Agents
• Biocides & Disinfectants
• Others

Coagulants & flocculants represent the largest product segment within the Water Treatment Chemicals Market, accounting for a significant revenue share. These chemicals play a crucial role in many treatment plants, particularly those involving sedimentation processes. In facilities, like oil & gas plants, coagulation and flocculation are usually used in chemical product tanks to expedite sedimentation.

Coagulants can take the form of both organic & inorganic compounds, including substances such as aluminum hydroxide chloride & aluminum sulfate. Their inclusion serves the purpose of efficiently removing about 90% of suspended solid particles from wastewater throughout the treatment process, thus generating demand for this type of water treatment chemical.

By End Users:

• Power Generation
• Oil & Gas
• Chemical Manufacturing
• Mining & Mineral 
• Municipal
• Food & Beverage
• Others

The Municipal sector holds a dominating share of the Global Water Treatment Chemicals Market due to the widespread usage of chemicals in industrial & municipal wastewater treatment. In developed regions like Europe & North America, where water scarcity is becoming a significant concern, leading companies are increasingly emphasizing water reuse & recycling. Municipalities are imposing higher fees for waste treatment, which has prompted industrialists to invest in upgrading their wastewater treatment & reuse infrastructure.

Regional Projection of the Global Water Treatment Chemicals Market

 

The Global Water Treatment Chemicals Market is geographically diversified, covering:

• Asia-Pacific
• North America
• South America
• Europe
• The Middle East & Africa

The Asia-Pacific region has reserved a momentous lead in the Water Treatment Chemicals Market, majorly due to strong demand from countries like China & Japan. The rapid economic growth & urbanization in China are destined to encourage numerous industrial sectors, including municipal, chemical, food & beverages, oil & gas, and power generation. This, in turn, is predicted to generate a substantial demand for water treatment chemicals. For example, in June 2022, China Everbright Water, an environmental protection organization specializing in water environment management, retained a project to expand & elevate Zhangdian East Chemical Industry Park Industrial Wastewater Treatment in Zibo City, Shandong Province. This project will work on a BOT (Build-Operate-Transfer) model and is envisioned to treat nearly 5,000 cubic meters of industrial water on a daily basis.

Furthermore, India's power generation sector is also undertaking substantial developments. For example, in the Union Budget of 2022, the Government of India stated a significant package of USD 7,271.9 million, focused on offering potable water to every household, driving the need for water treatment solutions across the nation. Therefore, Asia-Pacific is projected to uphold its dominant position in the Water Treatment Chemicals Market throughout the forecast period as well.

What Does Our Global Water Treatment Chemicals Market Research Study Entail?

• The Global Water Treatment Chemicals Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
• The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
• The Global Water Treatment Chemicals Market Research Report entails details about the most critical shifts in market share in the prominent regions.
• Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.