Water Treatment Chemical Market Trends and Forecast
The future of the global water treatment chemical market looks promising with opportunities in boiler water treatment, cooling water treatment, raw water treatment, and water desalination applications. The global water treatment chemical market is expected to reach an estimated $58 billion by 2030 with a CAGR of 6% from 2023 to 2030. The major drivers for this market are an increase in demand for chemically treated water from various end use industries, rise in government regulations for waste water processing, and growing concerns towards waterborne diseases.
Water treatment chemicals, such as acids (e.g., sulfuric acid), bases (e.g., caustic soda), salts (e.g., aluminum sulfate), and polymers (e.g., polyacrylamide), are produced from raw materials. By coagulating and flocculating suspended particles, disinfecting water, and adjusting pH levels, these substances are used. While oxidizing agents such as chlorine and potassium permanganate are applied to the process of purifying water, adsorption is done by ion exchange resins and activated carbon on the other hand for contaminants removal. Moreover, corrosion inhibitors and antiscalants have been used to keep water quality good at the same time avoid scaling in the pipes used to distribute it. Every chemical is subjected to certain processes that ensure its effectiveness in water treatment for different purposes. Prices might be highly variable depending upon several things like type of chemical, degree of purity of chemical purchased, quantity acquired as well as current market situation. Generally speaking raw materials costs affect prices most of all while manufacturing process matters too together with pricing policy utilized by a supplier. There is also cost-effectiveness which comes through economies of scale , advances in technology ,and compliance with regulations that impact production expenses therefore compete on prices . In order to make accurate comparisons seek suppliers’ advice or refer to industry reports which give current market prices and supply demand position.
• Lucintel forecasts that the corrosion inhibitor segment is expected to witness the highest growth over the forecast period because it helps in preventing corrosion and degradation of metal surfaces in equipment of oil and gas, paper and pulp, and chemical industries.
• Within this market, the raw water treatment segment is expected to witness the highest growth over the forecast period due to growing demand for treating rainwater, groundwater, and water from various water bodies, such as infiltration wells, seas, rivers, and lakes.
• APAC is expected to witness the highest growth due to the presence of large industrial base and high living standards of the population, demanding for high-quality and clean water.
Country wise Outlook for Water Treatment Chemical Market
The water treatment chemical market is witnessing substantial growth globally, driven by increased demand from various application such as boiler water treatment, cooling water treatment, raw water treatment, and water desalination. Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major water treatment chemical producers in key regions: the USA, China, India, Japan, and Germany.
Emerging Trends in the Water Treatment Chemical Market
Emerging trends in the water treatment chemical market shaping its future applications and market dynamics:
• Sustainable and Eco-Friendly Chemicals: There is a significant push towards developing and using chemicals that are environmentally friendly and sustainable. This includes biodegradable coagulants, low-toxicity disinfectants, and products that minimize harmful by-products and reduce the overall environmental footprint of water treatment processes.
• Advanced Oxidation Processes (AOPs): Innovations in AOPs are enhancing the ability to remove contaminants from water. Techniques such as ozone-based oxidation and photocatalysis are becoming more prevalent for treating persistent organic pollutants and emerging contaminants, improving water quality and safety.
• Smart Water Treatment Technologies: The integration of IoT and smart technologies into water treatment processes is growing. Sensors and data analytics are being used to monitor water quality in real-time, optimize chemical dosing, and predict maintenance needs, leading to more efficient and responsive water treatment operations.
• Nanotechnology: Nanomaterials and nanotechnology are being increasingly applied in water treatment to enhance the removal of contaminants. Nanofiltration membranes, for instance, offer high efficiency in filtering out nanoparticles, bacteria, and viruses, leading to more effective purification processes.
• Regenerative and Reusable Chemicals: There is a focus on developing chemicals that can be regenerated and reused within the treatment process. This reduces waste and operational costs while improving sustainability. Technologies such as regenerative ion exchange resins and recycling systems are gaining traction.
A total of 89 figures / charts and 87 tables are provided in this 182-page report to help in your business decisions. A sample figure with insights is shown below.
A total of 89 figures / charts and 87 tables are provided in this 182-page report to hel
Recent Development in the Water Treatment Chemical Market
Ongoing innovations and advancements in various sectors of the water treatment chemical market which have been highlighted by recent developments:
• Development of Smart Polymers: Smart polymers that change properties in response to environmental conditions are being developed. These polymers can optimize flocculation and coagulation processes in real-time, improving the efficiency of sedimentation and filtration while reducing chemical use.
• Enhanced Bioaugmentation Products: Advances in bioaugmentation involve creating highly specialized microbial formulations that target specific contaminants, such as pharmaceuticals and personal care products, which are increasingly found in water sources. These products enhance the breakdown of complex pollutants and improve the efficacy of biological treatment systems.
• Innovations in Zero-Liquid Discharge (ZLD) Technologies: New advancements in ZLD systems are being integrated with water treatment chemicals to achieve near-complete recycling of water and recovery of valuable by-products. These innovations help industries minimize waste and lower water treatment costs.
• Emerging Contaminant Removal Technologies: Recent developments focus on chemicals that effectively address emerging contaminants, such as microplastics, endocrine-disrupting chemicals, and pharmaceutical residues. Advanced adsorption materials and chemical oxidation agents are being used to target and remove these challenging pollutants.
• Improved Electrochemical Processes: Advances in electrochemical water treatment technologies are enhancing the efficiency of disinfection and contaminant removal. Innovations include more efficient electrochemical cells and electrodes that improve the generation of disinfectants like chlorine and ozone directly from water sources.
• Green Chemistry Approaches: The adoption of green chemistry principles is driving the development of water treatment chemicals that are less hazardous, more sustainable, and produced using environmentally friendly methods. This includes the use of natural or renewable resources and reducing the reliance on toxic substances.
Strategic Growth Opportunities for Water Treatment Chemical Market
The water treatment chemical market is very dynamic due to its unique properties of being lightweight, strong and thermally stable. Some key strategic growth opportunities for this market include:
• Emerging Markets Expansion: Rapid industrialization and urbanization in emerging markets like Asia-Pacific, Latin America, and Africa are driving the demand for effective water treatment solutions. Expanding into these regions can leverage the rising need for clean water and wastewater management due to growing populations and industrial activities. Tailoring products to local water quality issues and regulatory requirements can enhance market penetration.
• Advancements in Technology: Innovations in water treatment technologies, such as smart polymers, advanced oxidation processes (AOPs), and nanotechnology, offer significant growth potential. Companies can invest in developing and commercializing cutting-edge chemicals and systems that improve efficiency, target emerging contaminants, and enhance sustainability. Integrating IoT and AI for real-time monitoring and optimization of water treatment processes can also open new business avenues.
• Sustainable and Green Chemistry: There is increasing demand for eco-friendly and sustainable water treatment solutions due to stricter environmental regulations and growing consumer awareness. Investing in green chemistry initiatives—such as biodegradable chemicals, low-toxicity alternatives, and waste-reducing technologies—can meet these demands and position companies as leaders in sustainability.
• Regenerative and Reusable Technologies: Developing chemicals and technologies that enable water and by-product regeneration can drive growth in sectors focused on zero-liquid discharge (ZLD) and closed-loop systems. This trend is particularly relevant for industries with high water usage and waste generation, such as manufacturing and oil and gas. Offering solutions that help companies minimize waste and recycle water can attract major industrial clients.
• Customized Solutions for Niche Markets: Providing tailored chemical solutions for specialized applications, such as bioaugmentation for complex pollutants or advanced filtration for emerging contaminants, can capture niche market segments. Customized products that address specific water quality challenges or operational needs can differentiate companies in a competitive market.
• Strategic Partnerships and Acquisitions: Forming strategic alliances with technology providers, research institutions, and regional distributors can enhance market reach and innovation capabilities. Acquisitions of companies with complementary technologies or market presence can accelerate growth and expand product offerings.
Water Treatment Chemical Market Driver and Challenges
Water treatment chemical has a very important role in many application including boiler water treatment, cooling water treatment, raw water treatment, and water desalination. The changing market dynamics are being driven by the growing water scarcity, stringent environmental regulations, and industrial expansion and urbanization. however, challenges like high costs of advanced chemicals, regulatory compliance, environmental and safety concerns and technological integration.
The factors responsible for driving the water treatment chemical market include:
1. Growing Water Scarcity: Increasing global water scarcity due to population growth, industrial activities, and climate change is driving demand for effective water treatment solutions. The need to ensure a reliable supply of clean water for consumption, agriculture, and industry is a major market driver.
2. Stringent Environmental Regulations: Governments and regulatory bodies are imposing stricter regulations on wastewater discharge and water quality standards. Compliance with these regulations requires advanced water treatment chemicals and technologies, fueling market growth.
3. Industrial Expansion and Urbanization: Rapid industrialization and urban expansion are increasing the need for efficient water and wastewater management systems. Industries such as manufacturing, oil and gas, and agriculture are major consumers of water treatment chemicals to manage and treat their wastewater.
4. Technological Advancements: Innovations in water treatment technologies, including advanced oxidation processes, nanotechnology, and smart water management systems, are driving the development and adoption of new chemical solutions. These technologies enhance the effectiveness of water treatment and expand the range of applications.
5. Rising Awareness of Water Quality: Increasing public awareness and concerns about water quality and safety are pushing both consumers and industries to seek better water treatment solutions. This growing consciousness drives demand for advanced and effective chemicals that ensure safe and clean water.
Challenges facing the water treatment chemical market are:
1. High Costs of Advanced Chemicals: The development and production of advanced water treatment chemicals, such as specialized biocides or high-performance coagulants, can be costly. These high costs may limit accessibility and adoption, particularly for smaller companies or in developing regions.
2. Regulatory Compliance: Navigating complex and varying regulations across different regions can be challenging. Companies must ensure their products meet diverse standards and obtain necessary certifications, which can be resource-intensive and time-consuming.
3. Environmental and Safety Concerns: Some traditional water treatment chemicals may have negative environmental impacts or pose safety risks. There is a growing need to balance effectiveness with safety and environmental considerations, which can complicate product development and regulatory approval.
4. Technological Integration: Integrating new water treatment chemicals with existing infrastructure and systems can be challenging. Ensuring compatibility and optimizing performance with current technologies requires significant testing and adaptation.
Recent innovations in water treatment chemicals include the development of advanced coagulants and flocculants for improved contaminant removal, and smart chemicals that adapt to real-time conditions for enhanced efficiency. There is a growing focus on eco-friendly solutions using natural or biodegradable chemicals. New formulations of scale and corrosion inhibitors offer better protection, while novel disinfectants and nanomaterials improve disinfection and contaminant removal. Enhanced membrane chemicals also contribute to longer-lasting performance in filtration systems
Water Treatment Chemical Suppliers and Their Market Share
The water treatment chemical is highly competitive, with several key players such as BASF SE, Kemira Oyj, Ecolab, Dow, Solenis, and SNF Floerger have established their presence in the market and hold a significant market share. To know the current market share of each of major players Contact Us.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies water treatment chemical companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Water treatment chemical companies profiled in this report includes.
• BASF SE
• Kemira Oyj
• Ecolab
• Dow
• Solenis
• SNF Floerger
• Nouryon
• Baker Hughes
• Kurita Water Industries
• Veolia
• Arxada
These companies have established themselves as leaders in the water treatment chemical industry, with extensive product portfolios, global presence, and strong research and development capabilities. They continually strive to enhance their market positions through strategic partnerships, mergers and acquisitions, and product innovations.
The market share dynamics within the water treatment chemical market are evolving, with the entry of new players and the emergence of innovative water treatment chemical. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities.
Water Treatment Chemical by Segment
The water treatment chemical sector is experiencing growth in key segments such as boiler water treatment, cooling water treatment, raw water treatment, and water desalination. In boiler water treatment, chemicals are essential for preventing scaling and corrosion, ensuring efficient and reliable operation. Cooling water treatment uses chemicals to control scaling, corrosion, and microbial growth, optimizing cooling systemsÄX%$%X performance. Raw water treatment involves chemicals to purify and remove contaminants, making water suitable for consumption and industrial use. In water desalination, specialized chemicals support the removal of salts and impurities, enhancing the efficiency and longevity of desalination processes. This growth is driven by increasing demands for water quality and treatment efficiency across various applications.
This water treatment chemical market report provides a comprehensive analysis of the marketÄX%$%Xs current trends, growth drivers, challenges, and future prospects in all major segments like above. It covers various segments, including type, application, end use industry. The report offers insights into regional dynamics, highlighting the major markets for water treatment chemical and their growth potentials. The study includes trends and forecast for the global water treatment chemical market by type, application, end use industry, and region, as follows:
Water Treatment Chemical Market by Type [Value ($B) Analysis from 2018 to 2030]:
• Corrosion Inhibitors
• Scale Inhibitors
• Biocides and Disinfectants
• Flocculants and Coagulants
• Chelating Agents
• Anti-Foaming Agents
• ph Adjusters and Stabilizers
• Others
Water Treatment Chemical Market by Application [Value ($B) Analysis from 2018 to 2030]:
• Boiler Water Treatment
• Cooling Water Treatment
• Raw Water Treatment
• Water Desalination
Water Treatment Chemical Market by End Use Industry [Value ($B) Analysis from 2018 to 2030]:
• Power Generation
• Municipal Water Treatment
• Chemical Manufacturing
• Pulp and Paper
• Food and Beverages
• Metal and Mining
• Oil and Gas
• Construction
Water Treatment Chemical Market by Region [Value ($B) Analysis from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Features of Water Treatment Chemical Market
• Market Size Estimates: Water treatment chemical market size estimation in terms of value ($B)
• Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
• Segmentation Analysis: Water treatment chemical market size by various segments, such as type, application, end use industry, and region
• Regional Analysis: Water treatment chemical market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different types, applications, end use industries, and regions for the water treatment chemical market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the water treatment chemical market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the water treatment chemical market size?
Answer: The global water treatment chemical market is expected to reach an estimated $49.4 billion by 2028.
Q2. What is the growth forecast for water treatment chemical market?
Answer: The global water treatment chemical market is expected to grow with a CAGR of 4.9% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the water treatment chemical market?
Answer: The major drivers for this market are an increase in demand for chemically treated water from various end use industries, rise in government regulations for waste water processing, and growing concerns towards waterborne diseases.
Q4. What are the major segments for water treatment chemical market?
Answer: The future of the water treatment chemical market looks promising with opportunities in the boiler water treatment, cooling water treatment, raw water treatment, and water desalination applications.
Q5. Who are the key water treatment chemical companies?
Answer: Some of the key water treatment chemical companies are as follows:
• BASF SE
• Kemira Oyj
• Ecolab
• Dow
• Solenis
• SNF Floerger
• Nouryon
• Baker Hughes
• Kurita Water Industries
• Veolia
• Arxada
Q6. Which water treatment chemical segment will be the largest in future?
Answer:Lucintel forecasts that the corrosion inhibitor segment is expected to witness the highest growth over the forecast period because it helps in preventing corrosion and degradation of metal surfaces in equipment of oil and gas, paper and pulp, and chemical industries.
Q7. In water treatment chemical market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth due to the presence of large industrial base and high living standards of the population, demanding for high-quality and clean water.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the water treatment chemical market by type (corrosion inhibitors, scale inhibitors, biocides and disinfectants, flocculants and coagulants, chelating agents, anti-foaming agents, pH adjusters and stabilizers, and others), application (boiler water treatment, cooling water treatment, raw water treatment, and water desalination), end use industry (power generation, municipal water treatment, chemical manufacturing, pulp and paper, food and beverages, metal and mining, oil and gas, and construction), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?
For any questions related to water treatment chemical market or related to water treatment chemical companies, water treatment chemical market size, water treatment chemical market share, water treatment chemical analysis, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.