According to IMARC Group’s latest report, titled “Water Treatment Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global water treatment chemicals market size reached US$ 36.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.5 Billion by 2028, exhibiting a growth rate (CAGR) of 54.9% during 2023-2028.
Water treatment chemicals are essential substances utilized to optimize the quality and safety of water for various industrial, commercial, and municipal applications. These chemicals encompass a range of compounds designed to address specific challenges in water treatment processes. The different types of water treatment chemicals include coagulants, flocculants, disinfectants, corrosion inhibitors, scale inhibitors, pH adjusters, and more. Water treatment chemicals are used in municipal water treatment plants, industrial processes, cooling towers, and oil refineries. They assist in improving water quality, reducing maintenance costs, enhancing operational efficiency, and minimizing environmental impact.
Global Water Treatment Chemicals Market Trends:
The widespread utilization of water treatment chemicals to ensure a safe water supply due to the growing need for effective water treatment solutions is one of the key factors propelling the market growth. Besides this, stringent environmental regulations and water quality standards imposed by various regulatory bodies across industries and regions necessitate the use of water treatment chemicals to meet compliance requirements and avoid penalties. In addition to this, rapid industrialization and urban growth have resulted in increased pollution of water sources and industries require efficient water treatment to manage and treat the contaminants produced during manufacturing processes, facilitating the product demand. Moreover, growing awareness of water scarcity issues has led to a heightened focus on water conservation and efficient water use thus presenting remunerative growth opportunities for the market. Apart from this, the expanding oil and gas industry demands effective water treatment to manage produced water and wastewater from extraction processes which is providing a considerable boost to the market growth. Other factors, such as advancements in water treatment technologies and infrastructure development are anticipated to drive the market towards growth.
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Water Treatment Chemicals Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the water treatment chemicals market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- BASF SE
- Ecolab Inc.
- Kemira OYJ
- Solenis LLC
- Akzo Nobel N.V.
- Baker Hughes Incorporated
- Lonza
- The DOW Chemical Company
- Snf Floerger
- Suez S.A.
Key Market Segmentation:
The report has segmented the water treatment chemicals market on the basis of type and end-user
Breakup by Type:
- Coagulants and Flocculants
- Corrosion and Scale Inhibitors
- Biocides and Disinfectants
- Ph Adjusters and Softeners
- Defoaming Agents
- Others
Breakup by End-User:
- Municipal
- Power
- Oil and Gas
- Mining
- Chemical
- Food and Beverage
- Pulp and Paper
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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