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The global water treatment chemicals market size expected to reach at striking CAGR forecast 2026. The Chemicals used in the process of water treatment in order to make water more acceptable on end-use such as drinking, cooking, irrigation, and other industrial process. Some of the water chemicals are sodium meta bisulphite, ferric chloride, sodium hex metaphosphate SHMP. The chemical industry uses various ways of water treatment involving both physical and chemicals methods to remove substances such as sand, minerals, bacteria & viruses and others. Water being an essential resource for households and numerous uses in end-use industries have created a high demand for water treatment in order to reuse and recycle. Increasing need for consumption of water due to growing population and industrial use are expected to drive the water treatment chemicals market globally.
On the basis of type, water treatment chemicals are segmented into coagulants & flocculants, corrosion & scale inhibitors, PH adjusters & stabilizers, anti-foaming agents, biocides & disinfectants, and others. Coagulants & flocculants is the largest consumed water treatment chemical due to its chemical properties and easier use for treatment of water. Corrosion & scale inhibitors are expected to be the fastest growing segment due to efficiency in maintaining water condition and PH, which will support the growth of water treatment chemicals market.
Key Market Driver -
Key Market Driver – Rise in consumption of water from power end-use industry.
Key Market Restraint -
Key Market Restraint – High cost of water treatment.
On the basis of end-use industry, water treatment chemicals are segmented into municipal, oil & gas, mining, power, paper & pulp, food & beverage, and others. Power is the largest segment with high demand for water treatment chemicals as huge amount of treated water is needed to generate electricity. Growing population and industries is leading to high consumption of electricity while driving the market for water treatment chemicals. Municipal segment is expected have a high demand for water treatment chemicals globally due to growing urbanisation and technological advancement.
The key market driver for water treatment chemicals is the growing demand for treated water from power end-use industry due to high population growth rate and high demand from end-use industries.
The key market restraint for water treatment chemicals is high cost of water treatment which includes maintenance and energy, effecting on operation charges making it an expensive process.
Some of the Key player in water treatment chemicals market are BASF SE, Ecolab Inc., Solenis LLC, Akzo Nobel N.V., and Kemira OYJ, and Kurita Water Industries Ltd., Air Products & Chemicals, Nalco-Ecolab, BWA Water Additives, Ion Exchange, Thermax, Carus Corporation, Hydrite Chemical, The Dow Chemical Company, Lonza Group, and GE Water & Process Technologies.
On geographical basis, water treatment chemicals can be segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is accounted as the largest market for water treatment chemicals due to high demand from power and food & beverages end-use industries. Growing population and urbanisation in India, China, and South Korea is expected to drive the market for water treatment chemicals during forecast period. Middle East & Africa and South America is expected to have gradual growth for water treatment chemicals due to improvement in the standard of living and increasing demand from mining and oil & gas end-use industries.
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Europe is expected to support the growth of water treatment chemicals market because of the growing demand from municipal, Food & beverage and other end use industries. Improving technological advancement and standard of living among people is expected to drive the market for water treatment chemicals in North America.
By End-Use Industry
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