Water Treatment Chemicals Market By Type (Corrosion Inhibitors, Coagulants & Flocculants, Scale Inhibitors, Chelating Agents, and Biocides & Disinfectants), By End-User (Commercial, Residential, and Industrial), By Region (North America, Europe, Middle East, Latin America, South Africa, Asia Pacific, and Rest of the world) – Key Insights and Impact of COVID-19 on Market Growth 2021-2026
Water Treatment Chemicals Market Introduction:
Water Treatment Chemicals Market size valued at USD 35 Billion in 2021, and it is expected to reach USD 60.99 Billion by the end of 2026, with growth at a CAGR of 8.5% during the forecast period 2021-2026.
According to our research study, the global water treatment chemicals market is Segmented Based on Type and End User. Based on Type it is sub-divided into Corrosion Inhibitors, Coagulants & Flocculants, Scale Inhibitors, Chelating Agents, and Biocides & Disinfectants. Based on End-User is divided into Commercial, Residential, and Industrial.
Water Treatment Chemicals Market Growth Demand:
Increasing demand for chemically treated water from various end-use segments and stringent regulatory and sustainability mandates concerning the environment is driving the marketplace for water treatment chemicals Freshwater resources account for under 2.5% of the full water resources globally, which makes the availability of water for industrial and domestic consumption a troublesome challenge. The widening gap between the demand and provide of water makes it necessary to efficiently recycle it, which may be undertaken by treating it with water treatment chemicals. As a result, the consumption of wastewater has grown rapidly from various end-use segments like oil & gas, power generation, mining, chemicals, and others. With rising industrial expansions, the necessity for fresh and clean water for domestic, agricultural, and industrial purposes has increased significantly within the emerging economies. As a result, the demand for water treatment chemicals in such regions is anticipated to be over that within the developed countries.
Additionally, the purification of water using chemicals could be a cheaper method than physical purification. Advanced technologies like action, UV filtration, and RO require huge investments, which aren’t always feasible. Working costs also vary in treating water over physical purification and chemicals. As an example, during a large-sized water treatment plant, the value for coagulation, flocculation, and disinfection would be much below the treatment through UV and RO. In 2015, in Varanasi, Sulabh International, an India-based company, unitedly with the French organization, 1001 Fontaines, launched a facility to supply affordable chemically treated water at a price of as low as 50 paise/lt.
The growth within the power, oil & gas, mining, and chemical industries, especially within the emerging economies, like China, Brazil, India, Indonesia, Malaysia, Argentina, Chile, and Vietnam, drives the marketplace for water treatment chemicals. The exploration and development of recent oil fields like the pre-salt oil fields in Brazil, installation of recent and high capacity power plants using fossil fuels, nuclear, or alternative energy as fuel in China and India, and also the growing mining industry as a result of the increasing demand from the development sector is predicted to further drive the water treatment chemicals market during the forecast period.
Water Treatment Chemicals Market Opportunities:
With increasing rapid urbanization and population in developing regions, North America and Europe are the 2 most established markets for water treatment chemicals, worldwide. However, recently, the expansion has come from the emerging/developing economies within the Asia Pacific region (China and India). This was primarily thanks to the increasing population and therefore the increasing demand for clean, water for agricultural and industrial purposes and rapid industrialization. In the Asia Pacific region, China is that the major water treatment chemicals market, expressive somewhat 20% of the global water treatment chemicals market, in the year 2019. With almost 20% of the world population and only 6% of the world’s freshwater resources, the water sector of China may be a high-priority area within the 14th Five Year Strategy for Environmental & Ecological Protection 2021-2026.
The urbanization and also the rising environmental concerns further improve the scope for the employment of WTCs in wastewater treatment. As part of the 14th Five Year Plan, the govt of China proposed the establishment of unit-based management for water resource quality, strategies to tackle pollution, policies for the protection of water bodies, rules for the advance of urban water bodies, and therefore the overall improvement in water quality.
APAC is that the largest and fastest-growing region for the water treatment chemicals market. The development of an ultimatum for water treatment chemicals inside the region is mainly accredited to aspects like increasing industrial growth, high population, and stringent environmental standards. Moreover, the rising number of end-use industries within the region is additionally resulting in innovations and developments within the field of water treatment chemicals, thereby fueling the expansion of the APAC water treatment chemicals market.
Water Treatment Chemicals Market Key Companies:
Key companies profiled in the global Water Treatment Chemicals Market report are; Solenis LLC (US), BASF SE, The Dow Chemical Company, Ecolab Inc. (US), Akzo Nobel N.V. (Netherlands), Baker Hughes (US), Kemira OYJ (Finland), Lonza (Switzerland), Solenis LLC (US), Snf Floerger (France), and Suez S.A. (France).
- Corrosion Inhibitors
- Coagulants & Flocculants
- Scale Inhibitors
- Chelating Agents,
- Biocides & Disinfectants
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Asia pacific
- Rest of the World
- Solenis LLC (US)
- BASF SE
- The Dow Chemical Company
- Ecolab Inc. (US)
- Akzo Nobel N.V. (Netherlands)
- Baker Hughes (US)
- Kemira OYJ (Finland)
- Lonza (Switzerland)
- Solenis LLC (US)
- Snf Floerger (France)
- Suez S.A. (France)
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