Industrial Wastewater Treatment Chemical Market

Industrial Wastewater Treatment Chemical Market Overview 2024 to 2034

The global industrial wastewater treatment chemical market size is estimated to rise from USD 15.3 billion in 2024 to USD 26.8 billion by 2034. From 2024 to 2034, the market is anticipated to climb at a CAGR of 5.8%.

Key Market Highlights

• Due to the rising demand for sustainable solutions, the market is gaining lucrative growth in countries such as the United States, China, and Japan. The strong presence of the manufacturing industries and the increasing demand for foam prevention and removal drive the market's growth.
• Governments worldwide are implementing strict regulations for industrial wastewater discharge, driving demand for effective treatment chemicals. The top companies continuously evolve their portfolios with innovative technologies to remove solid particles from the water.
• The growing demand for coagulant and flocculant polymers to settle the tiny particles from the water is driving demand for wastewater treatment options.
• The growing pollution, industrialization, water scarcity, and emergence of chemical companies worldwide are expected to create significant opportunities for the market. Furthermore, the growing demand for sodium and calcium hydroxide from industrial manufacturing companies to manage the PH level of water creates lucrative opportunities for key players.

Attributes	Details
Market Value for 2024	USD 15.3 billion
Projected Market Value for 2034	USD 26.8 billion
Value-based CAGR (2024 to 2034)	5.8%

Historical Analysis of the Industrial Wastewater Treatment Chemical Market

The industrial wastewater treatment chemical market recorded a valuation of USD 14.3 billion in 2023. The rise in fossil fuel power stations, metal-based industries such as mercury, lead, and others, and growing urbanization contribute to the market's immense growth.

Historical market valuation, 2023	USD 14.3 billion

The United Kingdom and the United States are expected to compete as a result of industrialization and government initiatives. Moreover, increasing investments by local authorities, as well as strict regulations driving wastewater treatment chemicals, are projected to create a favorable environment for industry expansion within Europe.

Trends in the Industrial Wastewater Treatment Chemical Market

• The rising stringent government initiatives to develop novel technologies for removing pollutants and hazardous substances from water present key opportunities for market players. Moreover, increasing demand for sustainable water treatment chemicals and absorption systems creates lucrative opportunities in the market.
• The increasing use of advanced wastewater filtration techniques, such as biological and membrane filtration in developed countries, is widely adopted by industry experts. For instance, a Biochar absorption system with response surface methodology is used to absorb cadmium, one of the hazardous metals.
• The growing water scarcity across the world results in the demand for industrial wastewater treatment has increased. Furthermore, the advanced oxidation process is gaining popularity worldwide due to its effectiveness in removing many pollutants, including industries such as personal care products and pharmaceuticals.
• The manufacturers are expanding their presence into new markets in various regions. Nowadays, manufacturing companies are increasingly focused on forming strategic partnerships to implement optimization tools to remove heavy metal elements.
• Rapid industrialization and development in manufacturing firms such as paint, leather, fertilizers, and batteries release heavy metal accumulation, increasing water toxicity. Therefore, players are actively engaged in research and development to treat water from heavy metals.
• The increasing development of chemicals such as coagulants and flocculants is processed for more efficiency, and other factors are expected to create significant opportunities for the market. Researchers are developing new coagulants and flocculants that are more efficient and effective at removing solids, which can help reduce the amount of wastewater.

Challenges for the Industrial Wastewater Treatment Chemical Market

• Heavy metals, organic chemicals, and inorganic salts are just a few of the pollutants found in industrial effluent. As a result, manufacturers find developing chemicals for effluent treatment difficult.
• The efficacy of wastewater treatment chemicals relies on the exact composition of the wastewater, which fluctuates significantly between industries and plants. This makes it difficult for chemical manufacturers to design and market universal wastewater treatment solutions.
• The high cost of treatment chemicals is expected to hamper the market. Moreover, rising alternative technologies for wastewater management treatment are expected to hinder the market in the forecast period. For instance, several industries are working to develop systems that can remove methylene blue from the aquatic environment.

Category-wise Outlook

The market can be split up into two categories: product type and end-use. According to the product type, Corrosion inhibitors are dominating with a CAGR of 5.6%. Similarly, based on end use, power generation is leading the market with a CAGR of 21.6%.

The Corrosion Inhibitors Segment Dominates the Market by Top Type

The corrosion inhibitors segment is expected to record a growth of 5.6% over the forecast period. The corrosion inhibitors segment is dominating the market owing to its advantages, such as high corrosion inhibitors slowing down the rate of corrosion.

Attributes	Details
Top Type	Corrosion inhibitors
Market CAGR in 2024	5.6%

The Power Generation Segment Dominates the Market by End Use

The power generation segment is expected to hold a market CAGR of 21.6% over the forecast period. This is owing to the increasing need for sustainable energy and eco-friendly initiatives worldwide.

Attributes	Details
End Use	Power Generation
Market CAGR in 2024	21.6%

Country-wise Analysis

The section contains country-wise analysis of the market. Certain countries account for a majority of the share in the market. North America and the Asia Pacific dominate the market. The rising trends in Europe and North America are aiding the sales of advanced technology. The increasing demand for environment-friendly products in the Asia Pacific aids the growth of the market.

Countries	CAGR in 2024
United States	6.1%
United Kingdom	7.0%
Japan	7.1%
China	6.5%
South Korea	7.8%

Industrial Wastewater Treatment Chemical Market in the United States.

• The market in the United States grows at a considerable rate, which is 6.1% for forecast years. Rising campaigns from government authorities such as the United States Environmental Protection Agencies for environmental awareness are driving the growth in the region.
• Increasing government rules and acts toward the environment, such as The Clean Water Act (CWA), define the basic structure for regulating pollution discharges into US waters as well as surface water quality criteria expected to create immense opportunities for the market in the forecast period.

Industrial Wastewater Treatment Chemical Market in Japan

• Increasing government initiatives for industrial water discharge and raising awareness for an eco-friendly environment due to developing infrastructure in the region. Moreover, the manufacturers are increasingly investing in sustainable wastewater management technologies implementation.
• Japanese manufacturers are known for their high-quality products. The manufacturers are desperately increasing research and development activities for innovative chemicals.
• The growing initiatives toward water conservation and sustainability are expected to create significant opportunities for chemical manufacturers. The Japan industrial wastewater treatment chemical market is a mature and well-developed market with a strong emphasis on environmental protection and sustainability.

Industrial Wastewater Treatment Chemical Market in China

• Growing demand for sustainable wastewater treatment chemicals is expected to create immense opportunities for chemical manufacturers in the country. The market in China is expected to grow at a considerable rate of 6.5% for the forecast period.
• Rising investments and funds from the government for research and development are expected to create immense opportunities for the industrial wastewater treatment chemical market. Increasing industrialization owing to decreasing water quality is expected to drive the growth of the market in the forecast period.
• The companies are expanding their presence in the Chinese market and are investing in research and development to develop advanced technologies.

Industrial Wastewater Treatment Chemical Market in the United Kingdom

• Increasing stringent regulations from government bodies such as the United Kingdom Environment Agency are expected to drive market growth. Moreover, rising infrastructure development further creates opportunities for the market.
• The rising focus on research and development, with several leading universities and research institutions, is boosting the market in the country.

Competitive Landscape in the Industrial Wastewater Treatment Chemical Market

Manufacturers are taking advantage of partnerships, mergers with other manufacturers in the market, acquisitions, and more collaborative strategies. The key players are increasingly leveraging the benefits of collaborations.

The industrial wastewater treatment chemical market does not feature highly dominant manufacturers. Instead, the market is fragmented, with several key players enjoying their share. Manufacturers are also receiving increasing approvals from several governments to enhance their infrastructure for industrial purposes.

The market players have been focusing on innovation. There is an increased focus on offering more efficient solutions in response to changing end-user needs. Due to the large number of participants, the worldwide wastewater treatment chemicals market is considered highly fragmented.

Recent Developments in the Industrial Wastewater Treatment Chemical Market

• In 2023, Solenis made a strategic alliance with CedarChem, Enhancing Water and Wastewater Treatment Capabilities in Southeastern USA Acquisition increases customer value for water and wastewater treatment sales and services while also supporting a direct-to-market strategy.
• In 2021, Ecolab Introduces a Comprehensive End-to-End Flotation Optimization Solution for Mining and Mineral Processing. A comprehensive approach to flotation in mineral processing. The solution combines advanced collector chemistries from Nalco Water with a global technical support team and digital diagnostic tools that monitor the chemical, operational, and mechanical levers that influence performance.

Industrial Wastewater Treatment Chemical Market Key Players

• BASF SE
• Nalco-Ecolab
• Kurita Water Industries
• Ion Exchange
• Thermax Limited
• Siemens AG
• Veolia Environnement
• Dow Chemical Company
• DuPont de Nemours, Inc.
• Solvay S.A.
• Ecolab Inc.
• Evoqua Water Technologies
• Trojan Technologies
• Aquatech International Corporation
• Xylem Inc.
• Danaher Corporation

Key Segments

By Type:

• Coagulants & flocculants
• Corrosion inhibitors
• Scale inhibitors
• Biocides & disinfectants
• Chelating agents
• Anti-foaming agents
• pH adjusters and stabilizers
• Others

By End Use:

• Power Generation
• Oil & Gas
• Mining
• Chemical
• Food & Beverage
• Others

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• The Middle East and Africa (MEA)

Frequently Asked Questions

How Big is the Industrial Wastewater Treatment Chemical Market?

In 2024, the size of the industrial wastewater treatment chemical market is estimated to be USD 15.3 billion.

What is the Trend in the Industrial Wastewater Treatment Chemical Market?

The rising stringent government initiatives toward the environment-friendly nature.

What is the Future of the Industrial Wastewater Treatment Chemical Market?

The industrial wastewater treatment chemical market is expected to progress at a remarkable CAGR of 5.8% from 2024 to 2034.

What are the Chemicals in Industrial Wastewater Treatment?

pH neutralizers, anti-foaming agents, coagulants, and flocculants are the primary categories of chemicals used in wastewater treatment.

What is the Industrial Wastewater Treatment Chemical Market Size for 2034 Projected to be?

By 2034, the size of the industrial wastewater treatment chemical market is forecasted to have reached USD 26.8 billion.

Who are the Prominent Players in the Industrial Wastewater Treatment Chemical Market?

BASF SE, Nalco-Ecolab, and Kurita Water Industries are some prominent players in the industrial wastewater treatment chemical market.