Kings Research™ presents this information in its report titled, “Water Treatment Chemicals Market Size, Share & Industry Analysis,By Product (Coagulants & Flocculants, Defoamer & Defoaming Agent, Scale & Corrosion Inhibitor), By End Use (Oil & Gas, Chemical Manufacturing, Mining & Mineral Processing, Pulp & Paper) and Regional Analysis, 2024-2031"
Water Treatment Chemicals Market was estimated at US$ 31.24 Billion in 2023 and is expected to increase at a compound annual growth rate CAGR of 4.26% from 2024 to 2031, reaching USD 42.93 billion.
Key Companies:
- Dow
- Ecolab
- Veolia
- Evoqua Water Technologies LLC
- Buckman
- Kemira
- Solenis
- LANXESS
- BASF SE
- SUEZ
Browse Full Report Details @ https://www.kingsresearch.com/water-treatment-chemicals-market-712
Water treatment chemicals are essential for ensuring the safety, quality, and availability of water for various uses, including drinking, industrial processes, agriculture, and municipal applications. These chemicals are used to remove contaminants, control microbial growth, and improve the efficiency of water treatment processes. The global water treatment chemicals market has witnessed robust growth in recent years, fueled by the increasing awareness of the importance of clean water and the need to address the growing challenges of water pollution and scarcity.
The industry is expected to continue its upward trajectory, driven by factors such as population growth, rapid urbanization, industrial expansion, and the increasing demand for energy. As the global population continues to rise and industries expand, the demand for water treatment chemicals is set to increase, making it a critical component of the global water management infrastructure.
Over 2024–2031, Europe is expected to grow steadily at a CAGR of 3.69%. The demand for high-performance water treatment chemicals is being driven by the European Union's (EU) strict laws on water quality, which are being implemented by European enterprises and municipalities.
Key Segments: -
By Product Type:
- Coagulants & Flocculants: This segment is expected to hold the maximum market share, projected to reach USD 14.89 billion by 2031. These chemicals are crucial for removing suspended solids from water, making them essential in both municipal and industrial water treatment processes.
- Biocides & Disinfectants: These chemicals play a vital role in eliminating harmful microorganisms, ensuring water safety and hygiene.
- Defoamers & Defoaming Agents: Used to control foam formation, these chemicals are essential in various industrial processes.
- pH Adjusters & Softeners: These are critical for maintaining the pH balance and reducing water hardness, crucial for both industrial applications and safe potable water.
- Scale & Corrosion Inhibitors: These chemicals help in preventing scale formation and corrosion, thereby extending the lifespan of water treatment equipment and infrastructure.
By End-Use Industry: -
- Municipal: The largest consumer of water treatment chemicals, driven by the need for safe drinking water and efficient wastewater treatment.
- Power Generation: Requires large volumes of treated water for cooling and other processes.
- Oil & Gas: Utilizes water treatment chemicals for drilling, refining, and petrochemical processes.
- Chemical Manufacturing: Relies on these chemicals to ensure water used in production processes meets quality standards.
- Mining & Mineral Processing: Requires significant amounts of treated water for ore processing and other activities.
- Pulp & Paper: Uses water treatment chemicals to manage process water and effluent.
- Food & Beverages: Ensures water used in production is free from contaminants, maintaining product quality and safety.
Regional Insights:
Global water treatment chemicals market is witnessing growth across various regions, with North America, Europe, Asia-Pacific, and Latin America being the major contributors to market expansion.
-
North America: North America holds a significant share of the global water treatment chemicals market, driven by stringent environmental regulations, high awareness of water quality issues, and the presence of leading market players. The United States, in particular, is a major market for water treatment chemicals, with a strong focus on industrial water management and the protection of water resources. The region's well-established water treatment infrastructure and the growing trend towards water reuse and recycling are further fueling market growth.
-
Europe: Europe is another key market for water treatment chemicals, with countries like Germany, France, and the United Kingdom leading the way. The region's strong emphasis on environmental sustainability, coupled with stringent water quality regulations, has contributed to the rising demand for water treatment chemicals. Moreover, the European Union's commitment to achieving climate neutrality by 2050 has intensified efforts to promote sustainable water management practices, driving market growth.
-
Asia-Pacific: The Asia-Pacific region is expected to witness the highest growth rate in the water treatment chemicals market during the forecast period. Rapid industrialization, population growth, and increasing urbanization in countries like China, India, and Japan are key factors driving market growth in this region. Governments in these countries are investing heavily in water treatment infrastructure and implementing regulations to address the challenges of water pollution and scarcity, creating lucrative opportunities for market expansion.
Future Outlook:
The future of the global water treatment chemicals market looks promising, with continuous advancements in technology, increasing demand for clean and safe water, and the growing adoption of sustainable water management practices. The rising awareness of the environmental and health benefits of effective water treatment, combined with the need for resilient water management infrastructure, is expected to drive market growth in the coming years.
Contact Us: -
Kings Research
Website: https://www.kingsresearch.com
E-mail: business@kingsresearch.com
Phone: (+1) 888 328 2189
Comments
0 comment