The global water treatment chemicals market reached a value of US$ 50.3 Billion in 2020. Water treatment refers to the process which is carried out for eliminating impurities from water and making it fit for industrial and domestic use. It is primarily divided into four basic processes, boiler water treatment, water purification, cooling water treatment and wastewater effluent treatment. These processes assist in eliminating suspended solids, fungi, viruses, algae, bacteria and minerals present in the water. Some of the chemicals used in the water treatment process include algicides, muriatic acid, chlorine, chlorine dioxide and soda ash. As the existing water supply is insufficient to fulfil the rising demand for safe and fresh water, water treatment chemicals are increasingly being used for purifying ground, sea, and industrial wastewater.
Global Water Treatment Chemicals Market Drivers:
With growing population and rapid industrialization across both developed and emerging markets, the demand for fresh and useable water has been proliferating. Moreover, the increasing requirement of clean water in power plants, oil and gas, metal and mining, pulp and paper, and chemical processing industries has increased the demand for water treatment chemicals. The limited availability of potable water has also given rise to the recycling of wastewater which is anticipated to contribute to the growth of the market. Apart from this, environmental concerns, stringent government regulations, increasing investment in the industrial sector, growing adoption of chemically treated water, and rising awareness among consumers about the adverse impacts of pollutants are augmenting the demand for water treatment chemicals across the globe. Looking forward, the global water treatment chemicals market is expected to exhibit moderate growth during the forecast period (2021-2026).
Key Questions Answered in This Report:
Due to the outbreak of COVID-19 and the increasing adoption of social distancing measures in numerous countries, the production of water treatment chemicals has been temporarily halted. This, in turn, has negatively impacted the global water treatment chemicals market.
The global water treatment chemicals market was worth US$ 47 Billion in 2019.
The rising demand for fresh water due to growing population and rapid industrialization has increased the requirement for water treatment chemicals.
One of the significant market trends is the growing usage of water treatment chemicals for the treatment of cooling water, boiler water, raw water, and effluent and reverse osmosis (RO) membranes across industries like power, fertilizer, paper, chemicals and petrochemicals.
The global water treatment chemicals market is expected to reach US$ 65 Billion by 2025.
Based on the type, the market has been categorized into coagulants and flocculants, corrosion and scale inhibitors, biocides and disinfectants, pH adjusters and softeners, defoaming agents and others. Coagulants and flocculants are currently the most popular products in the market.
The market is categorized on the basis of the end-user into municipal, power, oil and gas, mining, chemical, food and beverage, pulp and paper, and others. At present, the municipal sector accounts for the biggest market share.
Region-wise, Asia Pacific holds the leading position in the market. Other major regions include Europe, North America, Latin America, and Middle East and Africa.
The leading players operating in the industry are BASF SE, Ecolab USA Inc., Kemira Oyj, Solenis International LP, Akzo Nobel N.V., Baker Hughes Company, Lonza Group AG, The Dow Chemical Company, SNF Floerger, and Suez SA.
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