Which region accounted for the largest share in Global Industrial Water Treatment Chemicals Market?

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.

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

Q: What is the global market size of Industrial Water Treatment Chemicals Market?

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).

Report ID: SQMIG15E2481 | Region: Global | Published Date: February, 2024
Pages: 184 | Tables: 99 | Figures: 69

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.

Industrial Water Treatment Chemicals Market Report Snapshots

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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).

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 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. '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)'

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.

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.

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 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.

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Industrial Water Treatment Chemicals Market Dynamics

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