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

Water Treatment Chemicals Market size was valued at USD 31.11 billion in 2021 and is poised to grow from USD 32.14 billion in 2022 to USD 40.34 billion by 2030, at a CAGR of 3.3% during the forecast period (2023-2030).

Who are the key vendors in the Global Water Treatment Chemicals Market?

The competitive landscape of the water treatment chemicals industry includes information by competitors. Detailed information is provided, including a company overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production sites and facilities, production capacity, company strengths and weaknesses, and more. product launches, product breadth and depth, and application dominance. Only the companies' focus on the market for water treatment chemicals is represented by the aforementioned data points. 'AkzoNobel N.V. (Netherlands)', 'Ashland Inc. (United States)', 'BASF SE (Germany)', 'Buckman Laboratories International Inc. (United States)', 'ChemTreat Inc. (United States)', 'Cortec Corporation (United States)', 'Ecolab Inc. (United States)', 'GE Water & Process Technologies (United States)', 'Huntsman Corporation (United States)', 'Kemira Oyj (Finland)', 'Kurita Water Industries Ltd. (Japan)', 'Lonza Group Ltd. (Switzerland)', 'Nalco Holding Company (United States)', 'National Aluminium Company Limited (NALCO) (India)', 'Olin Corporation (United States)', 'Solenis LLC (United States)', 'SNF Floerger Group (France)', 'Suez SA (France)', 'The Dow Chemical Company (United States)', 'Thermax Limited (India)', 'Veolia Environnement S.A. (France)', 'W. R. Grace & Co. (United States)'

What is the key driver of Global Water Treatment Chemicals Market?

The escalating demand for clean and safe water is a critical driver in the Water Treatment Chemicals Market. As global populations grow and industrialization expands, the need for treating water to remove contaminants and ensure its safety becomes paramount. Factors such as pollution, urbanization, and industrial discharges have led to water quality degradation in many regions. This has fueled the adoption of water treatment chemicals by municipalities, industries, and households to purify water for consumption, industrial processes, and agricultural use. As awareness of waterborne diseases and environmental concerns rises, the demand for effective water treatment solutions is expected to increase significantly, driving the market's growth.

What is the key market trend for Global Water Treatment Chemicals Market?

A key market trend across various industries is the growing emphasis on sustainability and environmental responsibility. Consumers, governments, and businesses are increasingly prioritizing eco-friendly practices and products. This trend is reshaping markets by driving demand for sustainable materials, energy-efficient technologies, carbon footprint reduction strategies, and green packaging solutions. Companies are responding by adopting sustainable practices throughout their value chains, promoting transparency, and investing in renewable energy sources. This shift reflects a broader societal concern for the environment and presents opportunities for businesses to innovate, differentiate their offerings, and meet evolving consumer expectations for products and services that contribute to a more sustainable future.

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

Asia-Pacific currently holds the largest share of the global market for water treatment chemicals and is anticipated to expand at a CAGR of 5.55% over the projected period. The industrial water treatment chemicals market is dominated by Asia-Pacific. China, Japan, India, Australia, South Korea, and the rest of the Asia-Pacific area are the main countries reporting the trend of water treatment chemicals. The market for water treatment chemicals in the Asia-Pacific region is dominated by China. Thanks to end-user industries like power, the chemical industry, mining, food processing, and others, China's economy is expanding quickly. These industries need water as an input or as a byproduct of producing wastewater.

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 2024-2031

Report ID: SQMIG15E2335 | Region: Global | Published Date: August, 2024
Pages: 184 | Tables: 67 | Figures: 77

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.

Water Treatment Chemicals Market Report Snapshots

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Global Water Treatment Chemicals Market size was valued at USD 32.14 Billion in 2022 and is poised to grow from USD 33.20 Billion in 2023 to USD 43.05 Billion by 2031, growing at a CAGR of 3.30% during the forecast period (2024-2031).

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. '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) '

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.

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.

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Water Treatment Chemicals Market Regional Insights

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

Who are the key vendors in the Water Treatment Chemicals Market?

What is the key driver of Water Treatment Chemicals Market?

What is the key market trend for Water Treatment Chemicals Market?

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

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