The Global Water Treatment Chemicals Market Size is valued at 35.58 billion in 2023 and is predicted to reach 51.52 billion by the year 2031 at a 4.50% CAGR during the forecast period for 2024-2031.

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Latest Drivers Restraint and Opportunities Market Snapshot:

Key factors influencing the global water treatment chemicals market are:

• The growing levels of water pollution, whether from industrial discharges or agricultural runoff, create a demand for effective water treatment solutions.
• The expansion of industrial and urban areas leads to higher levels of water usage and contamination, driving the need for robust water treatment processes.
• Advances in water treatment technologies and the development of innovative chemical formulations contribute to the market growth.

The following are the primary obstacles to the water treatment chemicals market’s expansion:

• The growth of the water treatment chemicals market will be hindered by the expansion of alternative treatment technologies and the increasing complexity of water treatment processes.
• The country is experiencing a dampened demand for water treatment chemicals due to concerns regarding their toxicity.
• The rise of alternative technologies like reverse osmosis, U.V. disinfection, and others presents a challenge to the water treatment chemicals industry.

Future expansion opportunities for the global water treatment chemicals market include:

• Government initiatives and investments in water infrastructure projects, creates opportunities in the market.
• Stringent governmental regulations regarding the Total Suspended Solids (TSS) levels in water will generate abundant opportunities for the water treatment chemicals market.
• The growing investments in sewage treatment plants are poised to present a significant growth opportunity.

Market Analysis:

• The need for reliable water treatment methods will increase as a result of the growth of industrial and urban regions, which raise water consumption and contamination levels. Moreover, the market trend that stands out the most is the growing need for centralized fluid treatment unit facilities for medium- and small-scale industries in order to achieve zero discharge through complete in-situ procedures.

List of Prominent Players in the Water Treatment Chemicals Market:

• AkzoNobel N.V.
• Baker Hughes Company
• BASF SE
• Solens LLC
• Kemira OYJ
• Lonza Group AG
• Suez SA
• The Dow Chemical Company
• Ecolab Inc.
• Veolia

Recent Developments:

• In January 2023, Sim Analytics was fully acquired by Kemira, a chemical solutions provider for water-intensive industries. Kemira is now better equipped to serve its customers’ companies with data-driven predictive services and machine learning solutions thanks to this calculated strategic move.
• In December 2020, Buckman declared that the Buckman Center of Excellence would open at the prestigious International Center for Clean Water (ICCW) in Chennai, India.

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Water Treatment Chemicals Market Dynamics:

Market Drivers: Increasing Demand from Corrosion and Scale Inhibitors

Corrosion inhibitors are chemicals employed to mitigate corrosion in boilers. They address the detrimental effects caused by the interaction of oxygen with metallic components. This reaction forms oxides that can negatively impact the boiler’s metallic parts, leading to increased energy costs and maintenance expenses. The inhibitors work by creating a protective barrier, forming a thin layer over the exposed areas of the boiler in contact with water.

Challenges: Increased Usage of Recycling Wastewater

The scarcity of water has led to a rise in the utilization of recycled wastewater. This limited availability of water has become a significant factor contributing to the expansion of the water treatment chemicals market. Additionally, the demand for clean water in industries such as oil and gas, power plants, mining, pulp and paper, and chemical processing is anticipated to propel the growth of the water treatment chemicals market further.

North America Is Expected to Grow with The Highest CAGR During the Forecast Period

The North American Water Treatment Chemicals Market is likely to register a significant revenue share. North Dakota and West Texas regions of North America are the main producers of unconventional energy sources, including tight oil and shale gas, thanks to technological developments in hydraulic fracturing. As a result, the upstream oil and gas industry has seen an increase in demand for water treatment facilities. Strict government restrictions designed to regulate wastewater output and disposal are the cause of this growth. The United States leads the world in energy production, consumption, and supply (thermoelectric power plants). This is according to the International Trade Administration (ITA). Market expansion is anticipated to be positively impacted by the rising demand for treatment chemicals from the American power sector to treat its wastewater.

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Segmentation of Water Treatment Chemicals Market-

By Type-

• Coagulants and Flocculants
  • Organic Coagulants
  • Inorganic Coagulants
  • Flocculants
• Corrosion Inhibitors
• Scale Inhibitors
• Biocides & Disinfectants
• Chelating Agents
• Anti-Foaming Agents
• PH Adjusters and Stabilizers
• Others

By Applications-

• Boiler Water Treatment
• Cooling Water Treatment
• Raw Water Treatment
• Water Desalination
• Others

By End-User-

• Residential
• Commercial
• Industrial

By Source

• Synthetic
• Bio-Based

By Region-

North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa

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Tags: 2024, BUSINESS, Chemicals, Forecast, Growth, report, Research, Scope, Trend, Water