USD 32.14 billion
Water Treatment Chemicals Market Size, Share, Growth Analysis, By Type(Coagulants & Flocculants (Organic Coagulants [Polyamine and Polydadmac], Inorganic Coagulants [Aluminum sulfate, Polyaluminum chloride, Ferric chloride and Others]), By Source(Synthetic, Bio-based), By Application(Boiler Water Treatment, Cooling Water Treatment, Raw Water Treatment, Water Desalination), By End User(Residential, Commercial (Hotels & Restaurants, Hospitals, Office Spaces), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15E2335 |
Region:
Global |
Published Date: August, 2024
Pages:
184
|Tables:
67
|Figures:
77
Water Treatment Chemicals Market Insights
Water Treatment Chemicals Market size was valued at USD 33.2 Billion in 2023 and is poised to grow from USD 34.3 Billion in 2024 to USD 44.47 Billion by 2032, growing at a CAGR of 3.30% during the forecast period (2025-2032).
Water treatment chemicals are used for treating water and making it free of contaminants or pollutants. Rapid urbanization and growing world population have led to high demand for potable water, driving up sales of water treatment chemicals. Water treatment chemicals are popular owing to their high efficacy and low costs as compared to other water treatment technologies and products. Emerging economies are projected to emerge as highly opportune markets for water treatment chemicals companies whereas developed ones already have an established water treatment chemical demand outlook. Imposition of stringent mandates for wastewater treatment and emphasis on water pollution reduction around the world are projected to further bolster the demand for water treatment chemicals in the future. Rising incidence of waterborne diseases and growing scarcity of fresh water on a global level are also expected to promote water treatment chemicals market development potential. However, availability of alternative treatment technologies and volatile raw material prices are estimated to hinder water treatment chemicals adoption over the coming years.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Industrial
Fastest Growth
Industrial
Growth Rate
3.30% CAGR
Country Share for Asia Pacific Region (%)
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Water Treatment Chemicals Market Segmental Analysis
Global Water Treatment Chemicals Market is segmented by application, type, end user and region. Based on type, the market is segmented into coagulants (organic coagulants [polyamine and polyDADMAC], inorganic coagulants [aluminum sulfate, polyaluminum chloride, ferric chloride and others], flocculants [anionic flocculants, cationic flocculants, non-ionic flocculants, and amphoteric flocculants]), ph adjusters & stabilizers, chelating agents, anti-foaming agents, biocides & disinfectants (oxidizing, non-oxidizing and disinfectants), scale inhibitors (phosphonates, carboxylates/acrylic and others), corrosion inhibitors (anodic inhibitors and cathodic inhibitors), and others. Based on source, the market is segmented into synthetic, and bio based. Based on application, the market is segmented into raw water treatment, water desalination, cooling, boiler, effluent water treatment, and others. Based on end user, the market is segmented into residential (hotels & restaurants, hospitals, office spaces, swimming pools and others) and industrial (municipal, power, oil & gas, mining & mineral processing, chemicals & fertilizers, food & beverage, pulp & paper and others). Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
Coagulants and flocculants are projected to account for a dominant share of the global water treatment chemicals market. Extensive use across multiple water treatment applications and easy to use nature of coagulants and flocculants is what allows them to hold sway over other types of water treatment chemicals. The oil & gas industry is the prime user of coagulants and flocculants. Coagulants can easily separate around 90% of suspended particles from wastewater that allows for a simplified water treatment approach.
Meanwhile, the demand for biocides and disinfectants is projected to surge at an impressive pace across the forecast period and beyond. These chemicals play a crucial role in inhibiting the growth of unwanted bacteria and microbes that could harm the environment, machinery, or human health in any manner. Industries are projected to primarily drive the sales of biocides and disinfectants in the future.
Analysis by Application
Raw water treatment accounts for a major chunk of the global water treatment chemicals market share going forward. This treatment is widely used from industrial to domestic water used for drinking or human use purpose, which is why it holds a dominant stance in this market. Emphasis on pre-treating water in industries to optimize efficiency and protect equipment is also expected to help this segment maintain its high market share.
On the other hand, the demand for water treatment chemicals in boiler water treatment applications is projected to increase at a notable pace over the coming years. Growing emphasis on extending the life of boilers and efforts to remove contaminants from boiler water are projected to bolster sales of water treatment chemicals via this segment going forward.
Global Water Treatment Chemicals Market Size By Source(%)
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Water Treatment Chemicals Market Regional Insights
North America is projected to account for a dominant share of the global water treatment chemicals market owing to high use of recycled water across this region. Scarcity of freshwater supply and imposition of strict regulations for water treatment across all industry verticals is also boosting sales of water treatment chemicals in this region. The presence of multiple energy generation plants and the requirement of water treatment is also contributing to this region's dominance. Canada and the United States are slated to be the top markets in North America for water treatment chemical companies.
Asia Pacific is projected to witness the fastest-increasing demand for water treatment chemicals over the coming years. The presence of high industrial activity, rapid urbanization, and growing demand for potable water are projected to be key factors driving market growth in this region. Japan, India, and China are forecasted to be the top markets for water treatment chemical companies looking to make a mark in this region. Imposition of stringent water safety mandates and efforts to curb water pollution will also boost water treatment chemical demand outlook in this region.
Global Water Treatment Chemicals Market Size By Region
- Largest
- Fastest
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Water Treatment Chemicals Market Dynamics
Drivers
Scarcity of Fresh Water
- Rapidly increasing population of the world coupled with urbanization has resulted in high use of freshwater resources in recent years. Since there is only a limited supply of fresh water, this overuse has resulted in scarcity of freshwater resources, thereby promoting the usage of water treatment chemicals to treat waste and saline water.
Prevalence of Waterborne Diseases
- Incidence of waterborne diseases is increasing rapidly around the world and growing awareness regarding the same is projected to favor the demand for across the forecast period and beyond.
Restraints
Availability of Alternative Water Treatment Technologies
- There are multiple other water treatment methods and technologies that can be used to treat water in different ways. Use of these alternative technologies is projected to hamper the demand for water treatment chemicals across the forecast period and beyond.
Raw Material Pricing Volatility
- Raw materials required to manufacture water treatment chemicals are subject to price change due to changing economic conditions, fluctuations in commodity markets, and other factors. This variability in pricing is projected to impede water treatment chemicals market growth in the future.
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Water Treatment Chemicals Market Competitive Landscape
Investing in the research and development of water treatment chemicals that have minimal negative impact on health and environment should be the prime focus of all companies. Developing new chemicals and launching them in emerging markets will also be a key strategy for water treatment chemicals providers going forward. Partnerships and collaborations will also play a crucial role in helping water treatment chemicals companies expand their business scope in the long run.
Top Player’s Company Profiles in Water Treatment Chemicals Market
- BASF SE (Germany)
- Bayer AG(Germany)
- Biobest Group NV(Belgium)
- Certis USA L.L.C (US)
- Novozymes A/S (Denmark)
- Marrone Bio innovations (US)
- Syngenta AG (Switzerland)
- Nufarm (Australia)
- Som Phytopharma India Ltd (India)
- Valent Biosciences LLC. (US)
- BioWorks, Inc. (US)
- STK Bio-ag (Philippines)
- UPL (India)
- FMC Corporation (US)
- Koppert (Netherlands)
- IPL Biologicals (India)
- Pro Farm Group Inc. (US)
- Vegalab S.A (US)
- BIONEMA (Wales)
- Isagro S.p.A (Italy)
Water Treatment Chemicals Market Recent Developments
- Based in Tokyo, Japan, Kurita Water Industries Ltd. Established a new company to sell water treatment chemicals in India in May 2024. The establishment of Kurita AquaChemie India Private Limited (KAIL) will help Kurita expand its presence in the Asian region and bolster its revenue generation potential from India.
- CedarChem LLC, a globally renowned supplier of water and wastewater treatment products was acquired by Solenis back in October 2023. Solenis, who is already a leader in specialty chemicals for the water-based industry, strengthened its stance in the global water treatment chemicals market with this move.
- Gradiant, a top name in the water and wastewater treatment business, announced the formation of CURE Chemicals in April 2024. The new venture is focusing on developing and commercializing innovative chemical solutions for various industries.
Water Treatment Chemicals Key Market Trends
Sustainable Water Treatment Chemicals
- Water treatment chemicals companies should focus and invest in the development of chemicals that are eco-friendly and compliant with modern sustainability mandates as well. Growing emphasis on environment conservation and bans of use of toxic chemicals will create lucrative opportunities for sustainable water treatment chemicals.
Industrial Water Treatment
- Making water treatment chemicals especially for industrial applications will also pay off big time in the future. Imposition of strict mandates for wastewater treatment in industries and rising emphasis on reusing water in industrial settings will boost sales of water treatment chemicals in the long run.
Water Treatment Chemicals Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, surging demand for potable water and growing water pollution are primarily driving the demand for water treatment chemicals. However, raw material pricing volatility and availability of different water treatment technologies are estimated to be key restraints for market growth in the long run. Asia Pacific region is projected to provide highly lucrative opportunities for water treatment chemicals companies owing to rapid urbanization and industrialization in this region. Development of sustainable water treatment chemicals will be a prominent trend for water treatment chemicals providers to target in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 32.14 Billion |
| Market size value in 2031 | USD 43.05 Billion |
| Growth Rate | 3.30% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| 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 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 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 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 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 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 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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