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

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.