Water Treatment Chemicals Market Size (2024 - 2029)

The water treatment chemicals market is experiencing growth driven by increasing water pollution and stringent wastewater treatment regulations. Despite the negative impact of the COVID-19 pandemic, the market has shown significant recovery due to rising demand from sectors like chemical manufacturing, mining, and municipal services. While non-compliance with regulations in emerging markets poses a challenge, opportunities exist through product and technology innovations. The Asia-Pacific region leads in market size and is projected to be the fastest-growing area, fueled by heightened consumption in countries such as China, India, and Japan.

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Market Size of Water Treatment Chemicals Industry

Water Treatment Chemicals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.03 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Water Treatment Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Water Treatment Chemicals Market Analysis

The water treatment chemicals market is estimated at USD 35.83 billion currently. It is expected to reach USD 48.02 billion over the forecast period, registering a CAGR of over 6.03% during the forecast period.

The COVID-19 pandemic negatively impacted the water treatment chemical market. However, the market recovered significantly in 2021 due to rising consumption from various end-user industries such as chemical manufacturing, mining, and municipal.

Over the short term, rising water pollution and stringent regulations around wastewater treatment are major factors driving the market's growth.

  • Conversely, non-compliance with regulations in emerging markets is expected to hinder market growth.
  • Furthermore, growing product and technology innovation is expected to be a market opportunity in the coming years.
  • Asia-Pacific represents the largest market and is expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.

Water Treatment Chemicals Industry Segmentation

Water treatment chemicals are used in the treatment process to extract or decrease pollutants and unwanted components from water such that the treated water becomes suitable for end users. Coagulants and flocculants, oxygen scavengers, corrosion inhibitors, algaecide, chlorine, chlorine dioxide, and other chemicals are a few examples of water treatment chemicals. The water treatment chemicals market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into coagulants and flocculants, defoamer and defoaming agents (antifoams), oxygen scavengers, corrosion inhibitors, biocide and disinfectants, oxidants, ph conditioners/adjusters, sludge conditioners, scale inhibitors, organic chemicals/odor removal (activated carbon), and other product types. By end-user industry, the market is segmented into power generation, oil and gas, chemical manufacturing, mining and mineral processing, municipal, food and beverage, pulp and paper, and other end-user industries. The report also covers the market size and forecasts for the water treatment chemicals market in 19 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD).

Product Type
Coagulants and Flocculants
Defoamer and Defoaming Agent (Antifoams)
Oxygen Scavengers
Corrosion Inhibitors
Biocide and Disinfectants
Oxidants
PH Conditioners/Adjuster
Sludge Conditioners
Scale Inhibitors
Organic Chemicals/Odor Removal (Activated Carbon)
Other Product Types
End-user Industry
Power
Oil and Gas
Chemical Manufacturing
Mining and Mineral Processing
Municipal
Food and Beverage
Pulp and Paper
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Russia
Scandinavian Countries
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
United Arab Emirates
Qatar
Nigeria
South Africa
Rest of Middle East and Africa
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Water Treatment Chemicals Market Size Summary

The water treatment chemicals market is experiencing a robust recovery and growth trajectory, driven by increasing water pollution and stringent regulations on wastewater treatment. The market, which faced challenges during the COVID-19 pandemic, has rebounded significantly due to heightened demand from sectors such as chemical manufacturing, mining, and municipal services. The Asia-Pacific region, particularly countries like China, India, and Japan, is leading the market, fueled by rapid industrialization and urbanization. This region is expected to continue its dominance and rapid growth, supported by substantial investments in water treatment infrastructure and technology advancements. However, challenges such as non-compliance with regulations in emerging markets could impede growth.

The market landscape is characterized by a consolidated structure with key players like Ecolab, Solenis, Veolia, Kurita Water Industries Ltd, and Chemtreat Inc. actively expanding their portfolios through strategic acquisitions. These companies are focusing on enhancing their presence in various regions, including Latin America and Europe, to cater to the growing demand for water treatment solutions. In the United States, significant projects like the Stormwater Treatment Area expansion aim to improve water quality and increase treatment capacity. Similarly, countries like Mexico and Germany are investing in wastewater treatment facilities to meet environmental standards and public health requirements. As a result, the demand for water treatment chemicals is poised for significant growth in the coming years.

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Water Treatment Chemicals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Water Pollution

      2. 1.1.2 Stringent Regulations Pertaining to Wastewater Treatment

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Non-Compliance with Regulations in Emerging Markets

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Product Type

      1. 2.1.1 Coagulants and Flocculants

      2. 2.1.2 Defoamer and Defoaming Agent (Antifoams)

      3. 2.1.3 Oxygen Scavengers

      4. 2.1.4 Corrosion Inhibitors

      5. 2.1.5 Biocide and Disinfectants

      6. 2.1.6 Oxidants

      7. 2.1.7 PH Conditioners/Adjuster

      8. 2.1.8 Sludge Conditioners

      9. 2.1.9 Scale Inhibitors

      10. 2.1.10 Organic Chemicals/Odor Removal (Activated Carbon)

      11. 2.1.11 Other Product Types

    2. 2.2 End-user Industry

      1. 2.2.1 Power

      2. 2.2.2 Oil and Gas

      3. 2.2.3 Chemical Manufacturing

      4. 2.2.4 Mining and Mineral Processing

      5. 2.2.5 Municipal

      6. 2.2.6 Food and Beverage

      7. 2.2.7 Pulp and Paper

      8. 2.2.8 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Russia

        6. 2.3.3.6 Scandinavian Countries

        7. 2.3.3.7 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 United Arab Emirates

        3. 2.3.5.3 Qatar

        4. 2.3.5.4 Nigeria

        5. 2.3.5.5 South Africa

        6. 2.3.5.6 Rest of Middle East and Africa

Water Treatment Chemicals Market Size FAQs

The Water Treatment Chemicals Market is projected to register a CAGR of 6.03% during the forecast period (2024-2029)

Ecolab, Solenis, Veolia, Chemtreat Inc. and Kurita Water Industries Ltd are the major companies operating in the Water Treatment Chemicals Market.

Water Treatment Chemicals Market Report Snapshots

Water Treatment Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)