Water Treatment Chemicals Market by Type (Scale Inhibitors, Biocides and Disinfectants, Coagulants and Flocculants, Corrosion Inhibitors, and Others), Application (Oil and Gas, Chemical, Pulp and Paper, Food and Beverage, Mining and Mineral Processing, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 35 billion mark in 2022 and is expected to hit US$ 45 billion by 2030, recording a CAGR of 3% during the forecast period.
Water treatment chemicals market has been significantly growing with the higher adoption of these water treatment chemicals from various industries.
The major factor driving the water treatment chemicals market growth is an increasing their demand from industries such as oil & gas, chemical, paper and pulp, and mining. There is an increase in number of industries using water in their manufacturing processes. This growth in water usage creates need for water treatment. In addition, various government regulations towards waste water processing creates a huge demand for different water treatment chemicals. The coagulants and flocculants segment is expected to held the significant share of the market during the forecast period. The coagulants and flocculants in influent water and effluent wastewater treatment helps to remove suspended solids, including oil, and hardness. Further, other segments such as scale inhibitors, biocides and disinfectants, and corrosion inhibitors, are also expected to gain traction during the forecasted year.
Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into scale inhibitors, biocides and disinfectants, coagulants and flocculants, corrosion inhibitors, and others. On the basis of application, the market is segmented into oil and gas, chemical, pulp and paper, food and beverage, mining and mineral processing, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Environmentally friendly and biobased water treatment chemicals
Various petrochemical based water treatment chemicals are toxic and non-biodegradable. Additionally, they are difficult to remove from the water. If they end up in the environment via the surface water, they can cause significant environmental damage. As a result, researchers and market players are focusing on developing high-performance, environmentally friendly nature-based chemicals as fully suitable alternatives to traditional, fossil-based water treatment chemicals. The utilization of biobased chemicals in water treatment is receiving a great interest in recent years.
Increasing Focus on Water and Wastewater Treatment Activities
Water and wastewater treatment is becoming increasingly important in many countries and regions. Various countries from Europe are progressing toward wastewater treatment targets, protection of sensitive water systems, and the use of wastewater sludge. The European Environment Agency (EEA) published data in 2021, which show that the collection and treatment of wastewater are improving across Europe. Country analysis based on the implementation of EU rules on wastewater treatment shows that the EU member states are significantly applying the rules, and also the compliance rate slightly increased between 2016 and 2018. Further, the increasing demand for clean water, growing water contamination, stringent government regulations on water treatment, and increasing industrial waste discharge into water bodies have necessitated initiatives to expand wastewater treatment facilities in Southeast Asia. Hence, the increasing focus on water and wastewater treatment activities mainly drives the demand for water treatment chemicals.
Recent strategic developments in water treatment chemicals market
The water treatment chemicals market has undergone several significant developments, and a few of these have been mentioned below:
- In 2020, Genesys, a manufacturer of specialty chemicals for water treatment systems, launched the Genmine range following three and a half years of exhaustive research and product development. The range includes antiscalants and cleaners designed to tackle issues specific to the treatment of mine water.
- In 2020, Solenis LLC completed the acquisition of 100% of the outstanding shares of Poliquímicos. Poliquímicos is a producer and supplier of specialized chemical solutions for water-intensive industries in Mexico.
- In November 2021, Kemira increased its annual production of ferric based water treatment chemicals by more than 100,000 tons at Goole, UK. The company had also increased its production capacity of aluminum-based water treatment chemicals by 30,000 tons at Ellesmere Port, UK earlier this year. The company intends to strengthen its position in the UK market with this move.
The water treatment chemicals market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Solenis; SUEZ; Kemira; SNF; and Aries Chemical, Inc. are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Water 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 industries of water treatment chemicals
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Scale Inhibitors
- Biocides and Disinfectants
- Coagulants and Flocculants
- Corrosion Inhibitors
- Oil and Gas
- Pulp and Paper
- Food and Beverage
- Mining and Mineral Processing
- North America
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Aries Chemical, Inc.
- Aries Chemical, Inc.