Water Treatment Chemicals Market

Water Treatment Chemicals Market: By Type, End-Use, and Region

Market Synopsis:

Global Water Treatment Chemicals market is valued at USD 39.24 Billion in 2022 and is projected to attain a value of USD 78.19 Billion by 2030 at a CAGR of 9.00% during the forecast period, 2022–2028.

Growing demand for Water Treatment Chemicals, such as flocculants, coagulants and strong oxidizers (such as hydrogen peroxide), has led to greater use of these substances in water treatment processes. The use of Water Treatment Chemicals, which are designed to clean the water, have made it possible for communities with limited resources to develop improved drinking water supplies.

With growing awareness of the importance of clean water for human health and the environment, treated wastewater is being released into freshwater bodies with increasing frequency. Today most industrialized cities have a tertiary wastewater treatment system which includes removal of organic materials and phosphorus from domestic sewage through a series of physical, chemical and biological steps before discharging treated effluent back to a surface water body. Discharges from industrial scale point source pollution require site remediation before they are release back to a freshwater body.

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Exposure to Water Treatment Chemicals can Severely Affect Health and may Hamper Water Treatment Chemical Market Growth

Exposure to chemicals like flocculants and coagulants could cause irritation or damage the respiratory system. Inhalation exposure may also affect the nervous system. Neurotoxicity was observed after exposure to high concentrations of sodium hypochlorite during bench-top testing for example, exposure to hydrogen peroxide can cause skin sensitization and irritation, dermatitis or burns. Overexposure to Water Treatment Chemicals, including ingestion of large amounts or long-term contact with small amounts, could have toxic effects on various organs. Some products are carcinogens or reproductive toxins.

Segmentation:

Growing Demand for Industrial Waste Water Treatment Chemicals

Water is used by all kinds of industries in various processes and production activities. As per government regulations, it becomes essential for these industries to treat their waste. Treatment of industrial waste has become an important part of environmental responsibility for industrial units across the world. Growing awareness about industrial waste management is also driving growth in this market. There is a growing demand from developed regions such as North America and Europe. For instance, growing consumption in dyeing & printing segment fuels usage of different kinds of treatment chemicals in textile industries. Strong economic development contributes towards production activities leading to generation of industrial wastes. This is anticipated to drive demand for water treatment technologies during forecast period.

Asia Pacific Holds Great Potential for Future Investments Due to Tremendous Growth in Textile and Chemical Industries

India, an emerging economy – houses a large number of small scale as well as medium and large sized industrial units. In order to support the growing demand from these industries, manufacturers are investing heavily in technology upgradation along with downstream services. Growing applications of treatment chemicals due to rapid industrialization is expected to further drive market growth over the next eight years. China plays an important role in manufacturing activities which contribute towards generation of vast amount of wastewater every year. This factor has triggered interest among various organizations for adopting different types of water treatment technologies at their respective work places. These factors are anticipated fuel growth in this market during forecast period.

Revenue Generated from Different Application Industries

Growing demand and production of various types of chemicals is expected to fuel the growth of this market significantly during forecast period. Textile, sugar refining & distilling, oil refineries and petrochemicals are major contributors towards generation of huge amounts of wastewater which can be treated using Water Treatment Chemicals. This factor is also anticipated drive market growth over the coming years.

Key Players:

Some of the key players in the global Water Treatment Chemicals market are BASF SE (Germany), Ecolab Inc. (US), Solenis LLC (US), Akzo Nobel N.V. (Netherlands), Kemira OYJ (Finland), Baker Hughes (US), Lonza (Switzerland), The Dow Chemical Company (US), Snf Floerger (France), Solenis LLC (US), and Suez S.A. (France).

The Water Treatment Chemicals is Segmented as Follows: