0

Water Treatment Chemicals Market Expected to Reach $53.8 Billion by 2032—Allied Market Research

 
2022
Water Treatment Chemicals Market

Report Code : A00885

quote The global water treatment chemicals market is expected to possess high growth potential in the coming years due to the surge in demand for chemically treated water in various end-use industries and regulatory mandates on wastewater treatment are driving the water treatment chemicals market. However, the availability of alternative water treatment technologies is hampering the market. In addition, the utilization of the 3R method of sustainability is providing the market with lucrative opportunities in the future. quote

Yerukola Eswara Prasad - Manager
Materials and Chemicals at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Water Treatment Chemicals Market," The water treatment chemicals market was valued at $37.5 billion in 2022, and is estimated to reach $53.8 billion by 2032, growing at a CAGR of 3.8% from 2023 to 2032.

Water treatment chemicals include coagulants, flocculants, disinfectants, and pH adjusters, which are used to enhance the quality of water by addressing impurities and contaminants. Coagulants aid in particle aggregation, whereas flocculants facilitate their removal. Disinfectants combat microorganisms, ensuring water safety. pH adjusters regulate acidity/alkalinity for optimal treatment efficacy.

The burgeoning growth of the power generation sector acts as the key driving force of the water treatment chemicals market size. As the power generation sector expands globally to meet increasing energy demands, water treatment chemicals play a pivotal role in ensuring the efficiency and sustainability of power plants. These chemicals are essential for treating water used in various processes, such as cooling and steam generation, safeguarding equipment from corrosion and scaling. Furthermore, the demand for water treatment chemicals is expected to surge as power generation facilities strive to optimize operational performance, adhere to stringent environmental regulations, and extend the service life of critical infrastructure.

According to the International Energy Agency (IEA), global renewable electricity capacity is expected to increase by more than 60% from 2020 levels to over 4800 GW by 2026. As per the Indian Ministry of Power, the energy generation target for thermal, hydro, nuclear, and Bhutan imports has been set at 1,356 billion units. This is a 9.83% increase in 2021–22 over the actual generation of the previous year. Consequently, the water treatment chemicals market share is expected to witness robust growth, driven by the imperative need for effective water management solutions within the burgeoning power generation landscape, fostering a mutually beneficial dynamic between these interconnected sectors.

However, water treatment chemicals market growth is hindered primarily by the stringent environmental regulations imposed by governments and agencies such as the EPA. The use of certain water treatment chemicals can have adverse effects on the environment, leading to challenges in compliance and a negative public perception of the industry. End users are increasingly seeking water treatment solutions that are both environmentally friendly and provide long-term efficacy.

However, manufacturers encounter difficulties in developing cost-effective and highly efficient environmentally friendly water treatment chemicals, as there are concerns about the economic viability of green chemistries. In addition, the release of patented water treatment chemicals into the public domain makes them vulnerable to imitation, with some Asian manufacturers offering counterfeit products at lower prices, presenting a significant challenge for legitimate water treatment chemical manufacturers.

The increasing demand for eco-friendly water treatment solutions has opened avenues for innovative products that prioritize sustainability. Market players are capitalizing on this water treatment chemicals market trend by introducing cutting-edge solutions such as bio-based water treatment chemicals, smart water treatment technologies, nanotechnology-driven treatments, modular water treatment systems, and low-temperature water treatment chemicals. These advancements address environmental concerns and offer more sustainable alternatives for water treatment.

The market's response to these innovations is expected to foster opportunities for growth within the water treatment chemicals industry. As industries recognize the importance of environmentally friendly practices, the implementation of these innovative solutions not only meets regulatory standards but also reflects a commitment to responsible and sustainable water treatment practices. This shift toward greener alternatives signifies a positive trajectory for the industry, aligning with the global focus on eco-conscious solutions.

The global water treatment chemicals market is into type, end-use industry, and region. By type, the market is fragmented into coagulants, pH adjusters & softeners, flocculants, biocides & disinfectants, scale inhibitors & dispersants, corrosion inhibitors, and others. Based on the end-use industry, it is bifurcated into industrial and municipal. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

Depending on the type, scale inhibitors, and dispersants is projected to be the fastest-growing segment and corrosion inhibitors has garnered the highest share in the water treatment chemicals market.

By end-use industry, Municipal is projected to be the fastest-growing segment, and industrial has garnered the highest share in the water treatment chemicals market.

The major players operating in the global water treatment chemicals market are Akzo Nobel N.V., Baker Hughes Company, BASF SE, Cortec Corporation, Ecolab, Italmatch Chemicals spa, Canadian Clear, Dober, Kemira, Hydrite Chemical, Dow, Lonza, Nouryon, Solenis, Solvay, American Water Chemicals, Inc., Kurita Water Industries Ltd., SNF, US WATER SYSTEMS INC., and Veolia.

Key Findings Of The Study:

  • Based on the type, the scale inhibitors & dispersants segment is expected to grow at a CAGR of 4.4%, in terms of revenue, during the forecast period.
  • Depending on the end-use industry, the municipal segment is expected to grow at a CAGR of 4.0%, in terms of revenue, during the forecast period.
  • Region wise, Asia-Pacific garnered a major share in 2022 in terms of revenue.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Water Treatment Chemicals Market by Type (Coagulants, pH Adjusters and Softeners, Flocculants, Biocides and Disinfectants, Scale Inhibitors and Dispersants, Corrosion Inhibitors, Others), by End Use Industry (Industrial, Municipal): Global Opportunity Analysis and Industry Forecast, 2023-2032 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date May 2024

FMCG Packaging Market

Download Sample
rep-img

Published Date May 2024

Pet Insurance Market

Download Sample

Buy Full Version
"Water Treatment Chemicals Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers