Industrial Water Treatment Chemicals Market
Report ID: SQMIG15E2481
Industrial Water Treatment Chemicals Market Size, Share, Growth Analysis, By Product(Antifoams, oxygen scavengers, corrosion inhibitors, biocides and disinfectants), By Application(Cooling & Boilers, Water Desalination, and Raw Water Treatment), By End-user(Oil and gas, power, paper, metal and mining), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2481 |
Region:
Global |
Published Date: February, 2024
Pages:
184
|Tables:
99
|Figures:
69
Industrial Water Treatment Chemicals Market Insights
Global Industrial Water Treatment Chemicals Market size was valued at USD 13.80 Billion in 2022 and is poised to grow from USD 14.48 Billion in 2023 to USD 21.23 Billion by 2031, at a CAGR of 4.9% during the forecast period (2024-2031).
A high focus on sustainability is the key factor driving industrial water treatment chemicals market growth on a global level. Efforts of industries to reduce pollution and comply with sustainability mandates and the rising availability of innovative new industrial water treatment chemicals are also estimated to bolster market development across the forecast period. Water scarcity and pollution awareness are also creating new opportunities for industrial water treatment chemical providers.
Governments around the world are imposing strict environmental regulations and this is slated to boost sales of industrial water treatment chemicals among different industry verticals across the forecast period. Consequently, the market is witnessing a transition towards eco-friendly and sustainable water treatment alternatives. Ongoing research and development endeavors are also contributing to innovations in water treatment chemicals, providing enhanced performance and cost-effectiveness across various industrial applications. This evolving landscape reflects a growing commitment to sustainable water management practices across industries worldwide.
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Industrial Water Treatment Chemicals Market Segmental Analysis
The global Industrial water treatment chemicals market is segmented on the basis of product, application, end-user, and region. Based on product type the market is segmented as antifoams, oxygen scavengers, corrosion inhibitors, biocides and disinfectants, oxidants, pH conditioners, sludge conditioners, scale inhibitors, and other product types. On the basis of application the market is segmented as cooling & boilers, water desalination, raw water treatment. Based on end-user, it is segregated into oil and gas, power, paper, metal and mining, chemical, and other end-user industries. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
Corrosion inhibitors hold a dominant position in the global industrial water treatment chemicals market. They play a critical role in preventing corrosion and degradation of equipment, ensuring prolonged operational lifespan. Industries across various sectors prioritize corrosion prevention, driving consistent demand for these chemicals.
However, Biocides and disinfectants are experiencing the fastest growth in the global market. This surge is attributed to heightened concerns over microbial contamination and the need for stringent hygiene standards in industrial processes. With increasing emphasis on health and safety, coupled with regulatory mandates, industries are adopting biocides and disinfectants at an accelerating pace to safeguard both processes and personnel.
Analysis by Application
The cooling and boilers application segment currently dominates the global industrial water treatment chemicals market. This is primarily due to the extensive use of these chemicals in maintaining efficient heat transfer and preventing corrosion and scaling in industrial cooling systems and boilers, which are essential components across various industries.
Moreover, Water desalination is emerging as the fastest-growing application within the global industrial water treatment chemicals market. The surging demand for fresh and drinkable water, particularly in regions grappling with water scarcity, is fueling significant investments in desalination plants. Consequently, there is an increasing need for specialized water treatment chemicals to ensure the effective and dependable operation of these plants, driving growth in this segment.
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Industrial Water Treatment Chemicals Market Regional Insights
Rapid industrialization, the launch of new efforts to reduce water pollution, and stringent environmental regulations in countries such as China and India are allowing the Asia Pacific region to account for a dominant share of the global industrial water treatment chemicals market. Extensive chemical manufacturing activity and a high focus on sustainability are other factors that are slated to benefit industrial water treatment chemicals demand in the future.
The Middle East and Africa stand out as the fastest-growing regions in the global industrial water treatment chemicals market. The presence of a robust oil & gas industry coupled with a high focus on sustainability to curb water pollution for the aforementioned industry is slated to bolster demand for industrial water treatment chemicals in this region going forward. Launch of public, as well as private sustainability awareness initiatives, are also slated to favor industrial water treatment chemicals demand in the long run.
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Industrial Water Treatment Chemicals Market Dynamics
Drivers
Increasing Environmental Regulations
- The imposition of strict laws to conserve the environment by governments and environmental agencies is slated to bolster demand for industrial water treatment chemicals in the future. Companies are investing in the adoption of advanced water treatment solutions and this is also projected to boost market growth going forward.
Restraints
High Initial Capital Costs
- Deploying an effective water treatment system is a capital-intensive task and not many companies have the capital to do so, which hurts demand for industrial water treatment chemicals in the future. Compliance with different water treatment mandates is also slated to add up to the costs and hurt market development over the coming years.
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Industrial Water Treatment Chemicals Market Competitive Landscape
Industrial water treatment chemicals providers are continually investing in the R&D of new chemicals to stand out from the competition and boost sales. Companies are also opting for strategies such as partnerships, collaborations, mergers, and acquisitions to amplify their business reach on a global level. Industrial water treatment chemicals market players are also focusing on incorporating sustainability in their manufacturing process to comply with the changing sustainability mandates. Industrial water treatment chemicals can also collaborate with government organizations to increase their sales and promote overall market growth as well. Emerging as well as developed economies are slated to be equally opportune for industrial water treatment chemicals manufacturers in the long run.
Top Player’s Company Profiles
- BASF SE (Germany)
- Cortec Corporation (US)
- Ecolab Incorporated (US)
- BWA Water Additives (UK)
- AkzoNobel N.V. (Netherlands)
- Solenis LLC (US)
- Kemira Oyj (Finland)
- Snf Floerger (France)
- The Dow Chemical Company (US)
- Buckman Laboratories International Inc. (US)
- Suez S.A (France)
- Solvay S.A. (Belgium)
- Clariant (Switzerland)
Recent Developments
- In March 2023, Solenis, providing water treatment solutions for municipal and industrial water treatment, announced that it agreed to acquire Diversey, a cleaning solutions company primarily for industrial water treatment, for USD 4.6 billion.
- In January 2023, Shrieve Chemical Company, one of the leading chemicals distributors, announced that it acquired Chem One. Chem One provides dry chemicals sourced and developed for various industrial applications, including water treatment, micro-nutrients, animal feed, oil and gas, and other industries across North America.
Industrial Water Treatment Chemicals Key Market Trends
- Rising Adoption of Sustainable Water Treatment Solutions: The transition of different industry verticals towards sustainable water treatment is slated to offer attractive money-making opportunities for industrial water treatment chemicals companies in the future. The adoption of new corporate social responsibility initiatives by different companies will also fuel industrial water treatment chemicals demand in the future.
Industrial Water Treatment Chemicals Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, rapid industrialization and a high focus on sustainability are key factors that are predicted to bolster demand for industrial water treatment chemicals over the coming years. Governments across the world are implementing strict regulations to reduce water pollution and this is estimated to boost industrial water treatment chemicals market growth across the forecast period. However, high costs of water treatment systems and chemicals are forecasted to be major challenges for industrial water treatment chemicals companies in the future. The Asia Pacific region is estimated to account for a dominant share of the global marketplace as chemical manufacturing activity in this region increases. industrial water treatment chemicals manufacturers are projected to adopt sustainable manufacturing practices to comply with the rising focus on sustainability. High adoption of sustainable water treatment systems will create new opportunities for market development in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 13.80 Billion |
| Market size value in 2031 | USD 21.23 Billion |
| Growth Rate | 4.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial Water Treatment Chemicals Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial Water Treatment Chemicals Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial Water Treatment Chemicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Water Treatment Chemicals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Water Treatment Chemicals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Water Treatment Chemicals Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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