Water and Wastewater Treatment Chemical Market Size, Share, Growth Analysis, By Product(Coagulants & Flocculants, Biocide & Disinfectant, Defoamer & Defoaming, Agent), By Application(Raw Water Treatment, Water Desalination, Cooling, Boiler), By End users(Power, Oil & Gas, Chemical Manufacturing, Mining & Mineral), By Region - Industry Forecast 2024-2031

Water and Wastewater Treatment Chemical Market size was valued at USD 301.75 billion in 2022 and is poised to grow from USD 323.17 billion in 2023 to USD 559.44 billion by 2031, at a CAGR of 7.10% during the forecast period (2024-2031).

Water and Wastewater Treatment Chemical Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'AkzoNobel', 'Ashland', 'BASF SE', 'Buckman Laboratories International, Inc.', 'ChemTreat, Inc.', 'Dow Chemical Company', 'Ecolab', 'General Electric', 'Hydrite Chemical Co.', 'Kemira Oyj', 'Kurita Water Industries Ltd.', 'Lonza Group', 'Nalco Champion', 'Ovivo', 'SNF Group', 'Solenis', 'Suez', 'Thermax Global', 'Veolia', 'Wex Technologies', ' In March 2024, the ABB Ability Energy Management for Water and Wastewater-OPTIMAX solution was introduced to the business. This digital streamlining tool is intended to recognize superfluous energy losses within plants by giving coordinated control and visibility of different assets. By enhancing energy use, it decreases both energy utilization and related costs.   ', ' In December 2023, Samyang Corporation, the first organization in Korea to foster ion exchange resin and a leader in industrial water treatment materials, presented two new items. Moreover, they laid out a committed association determined to progress as a far-reaching water solution organization in the worldwide market. ', ' In December 2023, the Abu Dhabi Investment Office (ADIO) uncovered that Gradient, a water and wastewater solutions unicorn established at MIT, has picked the UAE capital as the area for its new EMEA HQ and worldwide innovation center. '

Increasing Demand for Chemically Treated Water in various End Use Industries will Drive Market Growth

Chemical water treatment is hazardous for the environment that is why customers prefer eco-friendly formulations of wastewater treatment. This new trend will shape the future of the market. Recycling and reusing water remains a pivotal aspect of the water and wastewater treatment chemicals industry.

North America dominated the market with more than 26% of share in 2021 and will continue to grow during the forecast period. Technological progression in hydraulic fracturing has augmented production output of unconventional sources including gas and oil. That’s why increased use of water treatment facilities in the upstream oil and gas sector will drive the market in this region.