The global water treatment chemicals market reached a value of US$ 50.3 Billion in 2020. Looking forward, the market is expected to exhibit moderate growth during the forecast period (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global water treatment chemicals market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on region, type and end-user.
Breakup by Type:
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. The coagulants and flocculants segment currently accounts for the largest share.
Breakup by End-User:
Based on the end-user, the market has been segmented into municipal, power, oil and gas, mining, chemical, food and beverage, pulp and paper and others.
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for the majority of the global share.
The competitive landscape of the market has also been examined with some of the key players being
Key Questions Answered in This Report:
The global water treatment chemicals market size was valued at US$ 50.30 Billion in 2020.
According to the estimates by IMARC Group, the global water treatment chemicals market is expected to witness a CAGR of 5.20% from 2021 to 2026.
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 various industries like power, fertilizer, paper, chemicals and petrochemicals, is one of the key trends in the global water treatment chemicals market.
The rising demand for fresh water due to growing population and rapid industrialization represents one of the key drivers for the global water treatment chemicals market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disrupted supply chains and temporary halt in the production of water treatment chemicals.
On the basis of the type, the market has been bifurcated into coagulants and flocculants, corrosion and scale inhibitors, biocides and disinfectants, PH adjusters and softeners, defoaming agents, and others. Currently, coagulants and flocculants hold the majority of the total market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global water treatment chemicals market are BASF SE, Ecolab Inc., Kemira OYJ, Solenis LLC, Akzo Nobel N.V., Baker Hughes Incorporated, Lonza, The DOW Chemical Company, Snf Floerger and Suez S.A.
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