Industrial Wastewater Treatment Chemicals Market by Type (Coagulants, Flocculants, Corrosion Inhibitors, Scale Inhibitors, Chelating Agents, and Others), End Use (Oil & Gas, Power Generation, Mining, Chemical, Food and Beverages, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 14 billion mark in 2022 and is expected to hit US$ 21 billion by 2030, recording a CAGR of 5.1% during the forecast period.
Industrial wastewater treatment chemicals market is significantly increasing with growing industrialization globally.
Increasing demand for chemically treated water in various end-use industries, increasing industrialization in emerging economies, and stringent regulatory and sustainability mandates concerning environments are some of the major factors driving the growth of the market. The coagulants segment is expected to pace up owing to its common use in chemicals tanks of oil & gas plants. The coagulants are organic and inorganic components which fasten the sedimentation process. They help to remove 90% of the suspended solid particles from the wastewater at the treatment process. Further, flocculants, corrosion inhibitors, scale inhibitors, chelating agents, segments are also expected to gain traction during the forecasted year.
Within the report, the market is segmented into type, end use, and geography. By type, the market is further segmented into coagulants, flocculants, corrosion inhibitors, scale inhibitors, chelating agents, and others. By end use, the market is categorized into oil & gas, power generation, mining, chemical, food and beverages, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Stringent government regulation and sustainability mandates has empowered the growth of futuristic innovations.
Industrial wastewater treatment chemicals used to treat the industrial wastewater in order to reuse it for various application. The growth of the market has surged owing to increasing demand from geothermal power generation, sugar and ethanol, petrochemical manufacturing, fertilizers, and refining industries, specifically in emerging economies. Further, the stringent regulations imposed by various governing bodies such as Environmental Protection Agency (EPA) for wastewater treatment and industrial discharge which has increased the demand for industrial wastewater treatment. Rising awareness regarding the improved quality of drinking water and increasing concerns for environmental safety has further surged the demand.
Rising adoption in various industries is one of the major factors accelerating the market growth.
The industries for industrial wastewater treatment chemicals are oil & gas, power generation, mining, chemical, food and beverages, and others. Within these industries, food and beverages industry is one such industry, wherein the use of industrial wastewater treatment chemicals is increasing owing to large amount of water wastage in happens at various stages of industrial processing. In addition, the industrial wastewater treatment chemicals are also used to remove the suspended iron, solids, colloidal, solids, and manganese form surface and groundwater. The oil & gas, power generation, and mining, chemical has also witnessed an extensive use of industrial wastewater treatment chemicals.
Recent strategic developments in industrial wastewater treatment chemicals market
The industrial wastewater treatment chemicals market has undergone several significant developments, and a few of these have been mentioned below:
- In September 2021, Kemira opened a new research and development center in China, to expand its product in Asia Pacific market.
- In September 2021, Ecolab acquired Purolite, a separation and purification life science solution provider.
The industrial wastewater treatment chemicals market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. BASF SE, Ecolab, Kemira, Suez SA, and Veolia are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Industrial wastewater treatment chemicals related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Application industry of industrial wastewater treatment chemicals industry
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Corrosion Inhibitors
- Scale Inhibitors
- Chelating Agents
- End Use:
- Oil & Gas
- Power Generation
- Food and Beverages
- North America
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- BASF SE
- Suez SA
Companies profiledCompanies profiled
- Henkel AG
- 3M Company
- Sika AG