30-Nov-2022 | Facts and Factors
According to Facts and Factors, the global water treatment chemicals market size was worth around USD 35.5 billion in 2021 and is predicted to grow to around USD 42.71 billion by 2028 with a compound annual growth rate (CAGR) of roughly 3.32% between 2022 and 2028.
Water treatment is the process involving various methods like physical, physicochemical, biological, or chemical processes to get rid of the contaminants found in the water to make it accessible for all. The chemical process makes use of various types of chemicals, in varying quantities to reduce contamination and improve the desirability of the water. Different types of chemicals are used in the process. One such popular chemical is antifoams which are made using small amounts of silica and oil. Owing to the incompatibility of oil with aqueous systems and since it can easily spread, it becomes easier to break down foam with the help of antifoams. On the other hand, corrosion inhibitors are used to prevent corrosion in metals which reflect the conversion of the metal element into a soluble compound. There are several types of corrosion inhibitors like positive inhibitors, cathodic inhibitors, organic inhibitors, volatile corrosion inhibitors, and precipitation-inducing inhibitors. Disinfectants, as the name suggests, are used to kill undesired microorganisms present in the water body. Various types of disinfectants like chlorine oxide, chlorine, hypochlorite, and ozone are used to achieve this result. Disinfectants have found wide applications in industrial settings whereas ozone is used in the pharmaceutical sector for the preparation of drinking water or the preparation of ultra-pure water.
Browse the full “Water Treatment Chemicals Market Size, Share, Growth Analysis Report By Type (Scale Inhibitors, Corrosion Inhibitors, Coagulants & Flocculants, Chelating Agents, and Biocides & Disinfectants), By End-User (Commercial, Residential, and Industrial), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/water-treatment-chemicals-market
The global water treatment chemicals market is projected to grow owing to the growing shortage of drinking water due to factors like increasing water pollution, growing population, recurring natural calamities like floods & droughts, and climate change amongst many other related factors. As estimated, over 781 million people are affected due to the scarcity of water supply. World Vision has quoted that more than 800 children who are under the age of 5 suffer from fatal diarrhea every day as a result of poor water or sanitation. The ongoing neglect of water bodies has led to serious problems like disruption in the ecosystem, and health concerns for humans and animals. The demand for treating water bodies has grown multifold in the last couple of years which may drive the demand for chemical treatment in the coming years.
However, the global market may face challenges due to the concerns related to the copying of technology or patents. If a company once makes the knowledge of chemicals used available for public information, it becomes extremely easy to copy the data and there are chances of counterfeiting the product which means that the market is full of poor-quality water treatment chemicals. Other factors like manufacturing eco-friendly chemicals are of the highest priority as any negligence in the formulation of these compounds can lead to severe consequences. Water treatment chemicals are highly regulated by regional and national authorities but manufacturers of low-quality products may bypass these regulations.
Increasing awareness may provide more growth opportunities while the training of skilled employees may pose a major challenge.
The global water treatment chemicals market is segmented based on type, end-user, and region
Based on type, the global market divisions are scale inhibitors, corrosion inhibitors, coagulants & flocculants, chelating agents, and biocides & disinfectants. The global market was dominated by the corrosion inhibitors segment in 2021 as they help to minimize the corrosion of metal surfaces that are used in boilers or cooling towers. As per certain estimates, the oil & gas industry loses more than USD 1.2 billion every year due to pipeline corrosion. Severe cases of offshore pipeline corrosion are recorded every year.
Based on end-user, the global market divisions are commercial, residential, and industrial. In 2021, the highest registered revenue was from the industrial segment as the index for industrial water pollution has increased multifold over the last decade. Strict government regulations are now in place holding corporations and businesses responsible for the impact of the business procedure on the ecological system. In October 2022, the Environment Secretary in the EU announced the intention to increase fines on industries for environmental pollution to £250 million.
The global water treatment chemicals market is dominated by North America owing to the presence of multiple players in countries like the US and Canada. As these countries have stringent government regulations, it is difficult to manufacture counterfeit products and hence most of the companies present in the region provide only high-grade products. Growth in Asia-Pacific may be driven due to the entry of international companies in India, China, Australia, Indonesia, and other countries that seem like lucrative markets for further expansion. The regional governments have upgraded their respective spending on environment management and new companies can benefit from these eco-friendly campaigns. The growing population and the subsequent rising demand for drinking water may add more revenue to the area.
Market Size in 2021
USD 35.5 Billion
Projected Market Size in 2028
USD 42.71 Billion
CAGR Growth Rate
Key Market Players
Solenis, SUEZ, The Dow Chemical Company, Kurita Europe GmbH, Ecolab, Kemira Oyj, SNF Group, Buckman, Somicon ME FZC, Cortec Corporation, and Others
By Type, End-User, and Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
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The global water treatment chemicals market is led by players like Solenis, SUEZ, The Dow Chemical Company, Kurita Europe GmbH, Ecolab, Kemira Oyj, SNF Group, Buckman, Somicon ME FZC, and Cortec Corporation amongst others.
- In November 2021, Kemira announced that the company had completed the expansion of its production facility in the United Kingdom. Through this move, the company has managed to increase its production capacity by 10,000 tons per year
- In July 2020, Poliquimicos, a manufacturer and supplier of chemical solutions, was acquired by Solenis
The global water treatment chemicals market is segmented as follows:
- Scale Inhibitors
- Corrosion Inhibitors
- Coagulants & Flocculants
- Chelating Agents
- Biocides & Disinfectants
- North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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