Water Treatment Chemical Market

Water Treatment Chemical Market Outlook for 2024 to 2034

The water treatment chemical market is predicted to attain a market valuation of US$ 38.6 billion in 2024, growing at a sluggish compound annual growth rate (CAGR) of 4.2% from 2024 to 2034.

Over the forecast period of ten years, the market is expected to gather a market value of US$ 58 billion. This indicates a significant growth opportunity for the water treatment chemical industry, which plays a crucial role in treating and purifying water for various industrial and domestic applications.

The demand for clean water and growing awareness of water pollution are driving the continuous rise of the market for chemicals used in water treatment.

The market is further expanded by industrialization and technological developments in water treatment systems. Additionally, rigorous environmental laws and increased demand for clean water in emerging nations are expected to drive the growth of the water treatment chemical market in the following decade.

Consumption Analysis of Water Treatment Chemical

• The growing population and industrial water demand require reuse and recycling. This drives the market, highlighting the importance of water in various industries.
• The demand for water treatment chemicals has surged due to the growing awareness of the harmful effects of water pollution. This requires innovative solutions to ensure water purity and protect ecosystems, leading to significant market growth.
• Ongoing developments in water treatment techniques drive a remarkable increase in the water treatment chemical market. These technical advancements have made it possible to use more effective and efficient water treatment chemicals. They help alleviate rising concerns about pollution and water shortages.
• Industrialization drives demand for water treatment chemicals, crucial for purifying and treating water for human and industrial use, highlighting the importance of efficient solutions.
• The water treatment chemical industry is experiencing a surge in demand, especially in emerging economies. This is due to the growing awareness of waterborne diseases and the need for better water quality. This, in turn, has led to rapid evolution and advancements in the industry.

Historical Performance and Future Growth of the Water Treatment Chemical Market

This section provides a detailed analysis of the industry over the last five years, with a focus on the expected trends in the market for chemicals used in water treatment. The market's historical CAGR has been a moderate 5.9%, and it is progressively becoming more restrictive. The market is predicted to develop steadily at a 4.2% CAGR until 2034.

Research and development expenses for novel solutions are a key impediment to the progress of the water treatment chemicals sector. Other crucial factors that are anticipated to disturb the development of the water treatment chemicals market through 2034 include:

• Globally, rising raw material costs impede the growth of the water treatment chemical industry.
• Stringent legislation hampers chemical operations for water treatment.
• The demand for chemicals used in water treatment has decreased due to increased competition among different businesses.
• Disruptions in technology pose challenges for participants in the water treatment chemical industry.
• The market for chemicals used in water treatment is expected to rise due to sustainability requirements and environmental concerns.

During the predicted duration, market players will need to be astute and adaptive, as these challenging characteristics set the sector up for future achievement.

Nikhil Kaitwade

Principal Consultant

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Key Trends Influencing the Water Treatment Chemical Market

Adoption of Eco-friendly and Sustainable Water Treatment Chemicals Develops Global Demand

The growing popularity of sustainable and environmentally friendly water treatment chemicals drives a substantial expansion of the market.

These substances ensure the safety and well-being of humans and animals who come into contact with the water while treating wastewater and water ecologically appropriately. In the long term, using such chemicals lowers operating costs and lessens the environmental impact of water treatment procedures.

Growing concerns about environmental deterioration and the effects of conventional chemical treatments on ecosystems drive the need for more environmentally friendly options.

Many businesses are increasingly investing in sustainable and eco-friendly water treatment technologies to meet their water treatment demands. Such practices aid in the development of the water treatment chemical market.

Increasing Focus on Water Recycling Initiatives Develops Demand for Water Treatment Chemicals

The market is driven in several ways by the growing emphasis on water reuse and recycling activities. Water scarcity has now become a critical global issue.

Therefore, businesses and municipalities are increasingly turning to water reuse and recycling to make the most of available water resources. This development calls for sophisticated water treatment procedures to guarantee that recycled water meets high requirements for various uses.

The demand for water treatment chemicals designed to address these difficulties increases because recycled water frequently contains pollutants or impurities that require precise specifications. Water companies need cutting-edge treatment solutions in response to regulatory authorities' tougher water quality and discharge criteria.

The water treatment chemical industry is developing and innovating due to the move toward water reuse and recycling activities. This sector aims to fulfill the changing demands of sustainable water management.

Demand for Advanced Oxidation Processes (AOPs) Skyrockets in the Water Treatment Chemical Market

The increasing demand for advanced oxidation processes (AOPs) and membrane technologies is transforming the water treatment chemical industry. AOPs, such as ozone or UV-based treatments, are very effective methods for eliminating impurities and pollutants from water.

Their effectiveness has led to widespread acceptance across businesses and municipalities. Membrane technologies, such as reverse osmosis and Nano-filtration, are gaining popularity. They are sought after for their ability to provide high levels of water purity and remove pollutants efficiently.

With an increasing focus on sustainability and environmental protection, these cutting-edge technologies improve the effectiveness of water treatment. The market for chemicals for water treatment that are specifically designed to work in tandem with membrane processes and AOPs is expanding quickly.

The industry's proactive reaction to changing regulations and growing concerns about water quality is evident. There's a noticeable spike in demand as the need for creative ways to deal with new pollutants becomes increasingly pressing.

The chemical market environment for water treatment is also changing. This is due to the increasing significance of AOPs and membrane technologies, spurring innovation and growth in the forthcoming decade.

Category-wise Insights

This section offers an in-depth segmental analysis of the water treatment chemical market. The two main research segments are corrosion inhibitors and residential categories. This section attempts to provide a fuller understanding of these segments and their relevance in the larger water treatment chemical industry context through comprehensive examination.

Corrosion Inhibitors Get Hands on the Bulk of the Water Treatment Chemical Market

The corrosion inhibitors were the most widespread type in the water treatment chemical industry from 2024 to 2034, with a lagging CAGR of 4.0%. This is a decrease from the prior CAGR of the water treatment additives type, which was 5.7% from 2019 to 2023. The following drivers describe the development of the corrosion inhibitors component segment:

• In the upcoming years, the water treatment chemicals market is anticipated to increase rapidly, with the fastest-growing sector being corrosion inhibitors.
• These inhibitors effectively preserve the pH and water quality needed for various industrial systems and processes to operate as intended.
• In water systems, corrosion inhibitors prevent metal from oxidizing, extending its lifespan and lowering maintenance expenses and downtime. They also shield the metal from harm.
• The market for water treatment chemicals is anticipated to expand and develop substantially in the next years due to corrosion inhibitors' many benefits.

Residential Users Procure a Significant Portion of the Water Treatment Chemical Industry

The residential users segment is expected to dominate the water treatment chemical market, exhibiting a sluggish CAGR of 3.8% between 2024 and 2034. However, it is important to note that the CAGR for the residential end-use industry was previously a moderate 5.5%. The development of the residential sector for water treatment chemicals can be attributed to several factors:

• The need for chemicals used in water treatment has grown dramatically due to the trend of urbanization and the speed at which technology is developing, especially in the residential sector.
• The swelling residential population and increasing industrialization have made the demand for clean, safe water increasingly urgent.
• Chemicals used in water treatment play a critical role in maintaining water quality in the residential sector by eliminating dangerous pollutants and impurities that pose a major concern to human health.
• The residential sector has substantially contributed to the demand for chemicals used in water treatment, and this trend is expected to continue in the subsequent decade.

Country-wise Insights

The current section looks at the water treatment chemical markets of the United States, China, Japan, South Korea, and the United Kingdom, which are some of the most important countries in the global arena. It examines the factors impacting these countries' requirements for, acceptance of, and interactions with chemicals used in water treatment through a comprehensive examination.

The United States Upsurges the Water Treatment Chemicals and Technology Market

The water treatment chemical market in the United States is expected to grow steadily, registering a CAGR of 4.5% until 2034. This growth rate is lower compared to the CAGR of 6.7% observed between 2019 and 2023. Despite the moderate growth, the industry is projected to reach a valuation of US$ 10.3 billion by 2034. The following factors are driving the demand for water treatment solutions, which is likely to play a crucial role in the growth of the industry:

• Owing to several important variables, the United States plays a major role in driving the water treatment chemical and technology market. These include considerable expenditures on water infrastructure, technological innovation, stricter regulations, and an increasing focus on sustainability.
• The United States sector is a hub for developing water treatment chemicals and technology, influencing global trends and advancements. This is due to its extensive industrial base and the increasing public awareness of water-related issues.

Water Purification Chemical Demand Soars in the United Kingdom’s Industrial Sector

The water treatment chemical market in the United Kingdom is expected to witness substantial growth in the coming years, with an estimated CAGR of 5.2% until 2034. The industry has already shown significant potential, with a CAGR of 8.8% between 2019 and 2023. The market is projected to be valued at US$ 2.3 billion, indicating a vast potential for growth and investment in this sector. Here are a few of the major trends:

• The industrial sector of the United Kingdom is experiencing rapid growth in using chemicals for water purification on many grounds.
• In order to maintain compliance and reduce ecological effects, enterprises are investing more in water treatment technologies due to strict regulatory standards and increased awareness of environmental issues.
• The need for sophisticated chemicals for water filtration suited to particular industrial uses is driven by the United Kingdom's strong industrial base and emphasis on innovation.
• The United Kingdom's demand for chemicals used in water purification is growing as enterprises prioritize efficiency and sustainability. This presents prospects for development and innovation in the United Kingdom's industrial water purification chemical market.

Chinese Water Treatment Chemical Industry Endorses Waste Water Treatment

China's water treatment chemical market is witnessing a significant surge in demand at a predicted CAGR of 4.9%. Experts anticipate the sector to reach a valuation of US$ 9.2 billion by the year 2034. The China wastewater treatment chemicals industry is expected to experience a promising CAGR of 8.1% between 2019 and 2023. Among the main trends are:

• Wastewater treatment is actively supported by the Chinese water treatment chemical sector through several programs. It is imperative to combat water pollution and preserve the sustainability of water resources in light of China's growing urbanization and industrialization.
• The industry in China is utilizing cutting-edge technologies and creative solutions to treat wastewater and adhere to strict environmental regulations efficiently.
• China's government laws and incentives promote the use of effective water treatment chemicals and infrastructure for wastewater treatment.
• The China water treatment chemical industry helps to safeguard the environment and maintain water quality for future generations by investing in wastewater treatment and promoting sustainable practices.

Expansion in the Water Purification Chemical Market Hits the Roof in Japan

The demand for water treatment chemicals in Japan is soaring dramatically, and the industry is anticipated to grow at a CAGR of 5.6% through 2034, meaning that by that year, it is likely to be valued at around US$ 6.4 billion. Notably, the Japan water treatment chemical market's prior compound annual growth rate was around 9.5%. Among the main motivators are:

• Japan's water purification operations are increasing due to rigorous laws and environmental sustainability. To guarantee clean and safe water supplies, businesses, and governments make significant investments in water treatment technologies.
• Japan's cutting-edge technical prowess spurs chemical innovation in water purification, creating extremely effective and efficient treatment procedures.
• Water-related problems and the value of conserving water are becoming more widely recognized, which increases the need for purifying chemicals.
• Japan's demand for chemicals used in water purification is expanding exponentially, meeting the country's urgent need for improved water quality.

South Korean Water Disinfection Chemical Demand Skyrockets in Impending Decade

The water treatment chemical market in South Korea is predicted to rise significantly, with a potential CAGR of 6.1% by 2034, and this growth is anticipated to translate into a valuation of US$ 3.7 billion. It should be recognized that from 2019 to 2023, the country had an impressive CAGR of 11.7% in the past. Here are a few of the major trends:

• The fast urbanization, industrial expansion, and growing awareness of waterborne illnesses in South Korea are likely to drive up demand for water disinfection chemicals in the next decade.
• To protect the public's health and adhere to strict regulations, businesses, and governments are investing more and more in cutting-edge disinfection technology.
• Strong disinfection procedures are required in response to emerging pollutants and microbiological concerns, driving the demand for water disinfection chemicals in South Korea.
• Initiatives by the South Korean government to improve sustainable practices and water infrastructure also help to grow the market for water disinfection chemicals. These elements set South Korea up for a large increase in the need for chemicals used in water disinfection during the impending decade.

Establishments Shaping the Outlook of the Water Treatment Chemical Market

The water treatment chemical industry is witnessing a transformational shift as establishments leverage strategic initiatives and innovations to shape the future outlook. Research and development centers within water cleansing companies are pioneering materials, manufacturing processes, and advancements in water treatment chemistry.

Collaborative partnerships between industry players, academia, and government entities foster a dynamic ecosystem, accelerating technological breakthroughs.

BASF SE, Ecolab Inc., and Solenis LLC shape the water treatment chemicals and technology industry with distinct expertise. BASF SE actively advances water purification technologies, enhancing efficiency and scalability. Ecolab Inc. leads large-scale water disinfection projects, specializing in developing green hydrogen initiatives.

Solenis LLC's specialization in pH adjusters and stabilizers technology closely aligns with water treatment additives, impacting advancements in hydropower production. Their collective impact drives innovation, efficiency, and scalability in water treatment chemical solutions, crucial in the industry's evolution towards widespread adoption and the transition to green hydropower production.

Producers of water treatment chemicals help define the global demand for these products by encouraging technological advancements, market expansion, and innovation in the ensuing decade.

Recent Developments in the Water Treatment Chemical Industry

• In November 2023, Kemira Oyj expanded its ferric sulfate water treatment chemicals production line in Goole, United Kingdom, to meet the high demand for coagulants due to stricter regulations under the UK's Water Industry National Environment Programme.
• In November 2023, Researchers from ICIQ in Spain developed micromotors for wastewater purification, producing ammonia as a green energy source, using an AI method from the University of Gothenburg for optimal outcomes.
• In October 2023, a study by Michel Barsoum and his team at Drexel University found that a one-dimensional titanium oxide photocatalyst material can break down common dye pollutants such as rhodamine 6G and crystal violet under visible light, reducing their concentrations in water by 90% and 64% in 30 minutes.
• In August 2023, LG Chem Ltd., South Korea's leading chemicals manufacturer, plans to invest US$ 94.5 million to double its water treatment material output capacity, doubling its operation by adding a factory with an annual capacity of 400,000 reverse osmosis membranes.
• In May 2023, Siemens Energy acquired Lummus Technologies' water and wastewater treatment technologies, intellectual property, copyrights, trade secrets, and research and development properties, resulting in Lummus now owning Siemens Energy's Zimpro WAO technology and PACT system.

Key Companies in the Water Treatment Chemical Market

• BASF SE
• Ecolab Inc.
• Solenis LLC
• Akzo Nobel N.V.
• Kemira OYJ
• Suez SA
• Dow Inc.
• Lonza Group AG
• Snf Floerger Group
• Kurita Water Industries Ltd.
• LG Chem Ltd.

Key Segments

By Type:

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

By End-Use Industry:

• Residential
• Commercial
• Industrial

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa