Pune, April 24, 2023 (GLOBE NEWSWIRE) -- As per SNS Insider's report, the Water Treatment Chemicals Market was valued at US$ 43.24 billion in 2022 and is anticipated to grow at a CAGR of 8.1% from 2023 to 2030, reaching a total value of US$ 80.62 billion.
Market Report Scope
Water treatment chemicals refer to a wide range of chemical substances used to treat and purify water for various purposes such as drinking, irrigation, and industrial processes. These chemicals are added to water systems to remove impurities, control pH levels, prevent corrosion, and inhibit the growth of harmful microorganisms. Water treatment chemicals play a crucial role in maintaining the quality and safety of water, making it suitable for its intended use.
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Market Analysis
The water treatment chemicals market is experiencing a surge in growth, which can be largely attributed to the rising demand from various industries such as sugar and ethanol, fertilizers, geothermal power generation, petrochemical manufacturing, and refining, particularly in emerging markets. The increased demand from these sectors is primarily due to the need for efficient and effective water treatment solutions to comply with regulatory requirements, optimize production processes, and ensure the safety of the environment and human health.
Impact of Recession
Despite the potential negative impact of a recession on the water treatment chemicals market, the industry is relatively stable and resilient. As the need for clean and safe water remains constant, the demand for water treatment chemicals is likely to bounce back once the economy stabilizes. Moreover, with growing concerns about water pollution and the need for sustainable water management practices, the market for water treatment chemicals is expected to continue to grow in the long term.
Key Regional Development
North America is currently leading the global water treatment chemicals market, with a significant market share. The region's dominance can be attributed to the continuous technological advancements in hydraulic fracturing, which have led to a surge in unconventional sources' production output, such as shale gas and tight oil, especially in North Dakota and West Texas areas of North America. The increased production output of unconventional sources has resulted in a rise in the demand for water treatment facilities in the upstream oil and gas sector. This trend is expected to continue to have a strong positive impact on the market in North America over the forecast period.
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Key Takeaway from Water Treatment Chemicals Market Study
- The industrial segment is expected to dominate the market due to the large volumes of water used in industrial processes and the need to ensure that this water is treated and managed appropriately. Additionally, the increasing demand for clean water in emerging economies and the adoption of more stringent environmental regulations are expected to drive growth in this segment.
- The coagulants segment is expected to dominate the market due to the widespread use of coagulants in a variety of industries, including municipal water treatment, industrial water treatment, and wastewater treatment.
Recent Developments Related to Water Treatment Chemicals Market
- Shoreline Equity Partners, a private equity firm specializing in middle-market investments, has recently announced a new partnership with C&S Chemicals. This collaboration is aimed at bringing together the expertise and resources of both companies to create new opportunities for growth and development.
- ChemREADY, a leading provider of water treatment solutions, has recently announced the launch of its new Legionella water treatment chemicals and disinfection services. These innovative solutions are designed to help businesses and organizations prevent the growth and spread of Legionella bacteria in their water systems.
Water Treatment Chemicals Market Scope:
| ReporAttributest | Details |
| Market Size in 2022 | US$ 43.24 Billion |
| Market Size by 2030 | US$ 80.62 Billion |
| CAGR | CAGR of 8.1% From 2023 to 2030 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Key Segments | • By Type (Coagulants, pH Adjusters & Softeners, Flocculants, Biocides & Disinfectants, Scale Inhibitors & Dispersants, Corrosion Inhibitors, Others) • By End Use (Industrial, Power, generation, Refineries, Pulp & Paper, Metal & mining, Food & Beverages, Oil & Gas, Others) • By Application (The municipal water treatment plant, Chemical processing, Power generation, Others) |
| Regional Analysis | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Kemira OYJ, Lanxess, DuPont, Akzo Nobel NV, Solenis LLC, Ecolab Inc, Baker Hughes, Suez SA, and, Lonza Group, and Other Players. |
| Market Drivers | • The fact that agricultural sectors around the world, particularly in India, are increasing rapidly is driving growth in the water treatment chemicals market Water is also used extensively in the industry. |
Table of Contents
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Water Treatment Chemicals Market Segmentation, by Type
9. Global Water Treatment Chemicals Market Segmentation, by End Use
10. Global Water Treatment Chemicals Market Segmentation, By Application
11. Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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