The latest report by IMARC Group, titled “Water Treatment Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global water treatment chemicals market is expected to grow at a CAGR of 5.0% during 2022-2027. Water treatment chemicals are synthetic materials used to eliminate impurities from water to make it fit for industrial and domestic use. They are also utilized to remove suspended particles, fungi, viruses, algae, and bacteria from contaminated ground, sea, and industrial wastewater. Some of the commonly used water treatment chemicals include algicides, muriatic acid, chlorine, chlorine dioxide, and soda ash. They are cost-effective alternatives to reverse osmosis and UV technology, which provides safe and fresh water.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Water Treatment Chemicals Market Trends:
The market is primarily driven by the rapid increase in population and constant depletion of freshwater resources owing to industrialization across the globe. This is also increasing the demand for water recycling and treatment techniques to meet the need for fresh and safe water. Besides this, water treatment chemicals are widely employed to treat cooling water, boiler water, raw water, and effluents in power, fertilizer, paper, chemicals, and petrochemicals industries. Furthermore, the growing consciousness regarding the harmful effects of contaminated water among individuals has fueled the need for these chemicals for various applications, including drinking water and swimming pool disinfection.
- Based on the type, the market has been segmented into coagulants and flocculants, corrosion and scale inhibitors, biocides and disinfectants, pH adjusters and softeners, defoaming agents, and others. Currently, coagulants and flocculants account for the largest market share.
- On the basis of the end-user, the market has been classified into municipal, power, oil and gas, mining, chemical, food and beverage, pulp and paper, and others. Among these, the municipal sector holds the majority of the overall market share.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has been examined, with some of the key players being BASF SE, Ecolab Inc., Kemira OYJ, Solenis LLC, Akzo Nobel N.V., Baker Hughes Company, Lonza Group Limited, The DOW Chemical Company, Snf Floerger, and Suez S.A.
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