The global water treatment chemicals market size was US$ 27.9 billion in 2021. The global water treatment chemicals market is forecast to grow to US$ 43.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2022 to 2030.
Water treatment chemicals are specifically used to treat polluted water developed in residential, commercial, and industrial sectors. These chemicals are used to eliminate pathogens and harmful particles like minerals, algae, deadly bacteria, viruses, and heavy metals from water. Moreover, the chemicals also maintain the pH balance of water.
Factors Influencing the Market
Growing awareness related to the benefits of pure and safe water will primarily fuel the growth of the global water treatment chemicals market.
Furthermore, demand for chemically treated water is growing significantly, which will benefit the market.
Another factor driving the growth of the global water treatment chemicals market is the rising demand for high-quality freshwater supply. In addition to that, water scarcity across various places is significantly increasing the demand for wastewater treatment. As a result, it will fuel the growth of the market during the study period.
Growing awareness related to waterborne diseases will also benefit the water treatment chemicals market. Further, growing industrialization will also increase the demand for water treatment chemicals in the coming years. On the contrary, the availability of alternative water treatment technologies may limit the demand for water treatment chemicals during the study period.
COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for freshwater remained the same. In the residential sector, people became more concerned about health, which also has been beneficial for the water treatment chemicals market. However, residential activities declined drastically, which impeded the demand for water treatment chemicals. The market also witnessed several challenges associated with labor and procurement of raw materials. Thus, these factors negatively affected the water treatment chemicals market.
Regional Analysis
The Asia-Pacific water treatment chemicals market is forecast to register a substantial growth rate, owing to the increasing demand for water treatment chemicals in the region. Further, the regional population is growing at a substantial pace, which will bring lucrative growth opportunities for the water treatment chemicals market. In addition to that, growing industrialization and stringent environmental norms will contribute to the growth of the water treatment chemicals market. The market may also witness potential growth opportunities due to the rising support from government bodies in the region.
Competitors in the Market
Basf Se
Akzo Nobel N.V.
Baker Hughes Company
Ecolab
Kemira Oyj
Lonza Group Ag
Snf Flogger
Solenis International Llc
Suez Sa
The Dow Chemical Company
Other Prominent Players
Market Segmentation
The global water treatment chemicals market segmentation focuses on Type, End-User, Application, and Region.
By Type
Coagulants & Flocculants
Corrosion Inhibitors
Scale Inhibitors
Biocides & Disinfectants
Chelating Agents
By End-user
Residential
Commercial
Industrial
By Application
Municipal Water Treatment Plant
Chemical Processing
Power Generation
Others
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America