Water treatment chemicals are used to remove contaminants and make water suitable for various end-use applications. These chemicals are used for water purification in various industries such as power, oil & gas, mining, and municipal water treatment plants. Chemicals such as coagulants & flocculants, biocides & disinfectants, pH adjusters & softeners, and corrosion inhibitors are widely used in the water treatment process to remove particles, bacteria, unwanted chemicals, and to adjust water hardness. They help in improving the quality and lifespan of water resources. Growing industrialization across the globe has increased the demand for clean water, which is driving the need for water treatment chemicals.
The global water treatment chemicals market was valued at US $43.24 Billion in 2022 and is expected to register a CAGR of 6.67% in terms of revenue and is expected to reach US$ 63.7 Billion over the forecast period (2023– 2030).
Key Takeaways
Key players operating in the water treatment chemicals are BASF S.E., Suez S.A., Kemira OYJ, BWA Water Additives, Ecolab Inc., Cortec Corporation, DowDuPont Inc., Baker Huges Incorporated, Akzo Nobel N.V., and Solenis LLC. These key players account for around 35-40% of the global market.
Growing industries like power, oil & gas, mining, pharmaceuticals, and municipalities in developing regions are boosting the demand for clean water. Asian countries like China and India are witnessing robust industrial creating high Water Treatment Chemicals Market Demand .Technological advancements in water treatment processes have increased the application of digital controls, analytical sensors, and smart treatment systems. Advanced oxidation, membrane bioreactors, and nanotechnology-based water treatment solutions are gaining traction.
Market Trends
- Increasing preferences towards eco-friendly and sustainable water treatment solutions due to stringent environmental regulations. Biodegradable and recyclable polymers are widely researched.
- Rising popularity of integrated water management in industries with zero liquid discharge systems to recover and reuse maximum water. This reduces freshwater consumption significantly.
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