Global Water Treatment Chemicals Market

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 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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FAQs

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.  

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.  

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Global Water Treatment Chemicals Market

Report ID: SQMIG15E2335

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