Global Industrial Water Treatment Chemical Market Overview
The Industrial Water Treatment Chemical Market Size was estimated at 34.89 (USD Billion) in 2022. The Industrial Water Treatment Chemical Industry is expected to grow from 36.48 (USD Billion) in 2023 to 54.6 (USD Billion) by 2032. The Industrial Water Treatment Chemical Market CAGR (growth rate) is expected to be around 4.58% during the forecast period (2024 - 2032).
Key Industrial Water Treatment Chemical Market Trends Highlighted
Key market drivers for industrial water treatment chemicals include the increasing demand for water purification in various industries, such as power generation, oil and gas, and manufacturing. The need for efficient water management and treatment to comply with stringent environmental regulations is also driving market growth.Opportunities for exploration include the development of eco-friendly and sustainable water treatment solutions, as well as the use of advanced technologies such as nanotechnology and membrane filtration. The growing demand for water treatment in emerging economies presents significant growth potential.Recent trends in the industrial water treatment chemical market include the adoption of automated water treatment systems, the increasing use of biocides and corrosion inhibitors, and the trend towards on-site water treatment. The COVID-19 pandemic has also impacted the market, with increased demand for water treatment chemicals in healthcare facilities and the disruption of supply chains.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Water Treatment Chemical Market Drivers
Increasing Demand for Water Treatment in Various Industries
The growing industrialization and urbanization around the world have led to a rise in water consumption and wastewater generation. Various industries, such as power plants, manufacturing facilities, and mining operations, require large amounts of water for their processes. However, this water often contains impurities and contaminants that need to be removed before it can be used or discharged into the environment. Industrial water treatment chemicals play a crucial role in removing these impurities and ensuring the quality of water used in industrial processes.The increasing demand for water treatment in various industries is expected to drive the growth of the Industrial Water Treatment Chemical Market Industry.
Stringent Government Regulations on Water Discharge
Stringent regulations by governments worldwide to check wastewater discharge from industrial facilities to safeguard water resources and avoid environmental pollution are boosting the need for these chemicals. Industrial water treatment chemicals help industries comply with regulations by removing harmful pollutants from water released to surface water bodies. With people becoming increasingly aware of the need for environmental sustainability with reduced environmental footprints, more industries are reducing their environmental impact and adhering to regulatory requirements.
Advancements in Water Treatment Technologies
New opportunities for the industrial water treatment chemical market industry are provided by technological innovations in water treatment processes. In the modern world, the requirements for water treatment are increasingly stringent, for which new advanced water treatment technologies, such as membrane filtration, ion exchange, and reverse osmosis, are being developed. These technologies require specific chemicals to be used, with advantages in the facilitation of water treatment, the reduction of operating costs, and the improvement of the quality of the treated water.Therefore, the increased adoption of new water treatment technologies will lead to an increased demand for industrial water treatment chemicals.
Industrial Water Treatment Chemical Market Segment Insights
Industrial Water Treatment Chemical Market Chemical Type Insights
The Chemical Type segment is a crucial aspect of the Industrial Water Treatment Chemical Market, influencing its growth and dynamics. Among the various chemical types used in industrial water treatment, Coagulants and Flocculants hold a significant market share. These chemicals aid in the removal of suspended solids and impurities by promoting particle aggregation and sedimentation. Scale and Corrosion Inhibitors are another vital segment, preventing the formation of scale deposits and corrosion on equipment surfaces, extending their lifespan.Biocides play a critical role in controlling microbial growth, including bacteria, fungi, and algae, which can lead to biofouling and system inefficiencies. Antifoams and Emulsion Breakers are essential for reducing foaming and emulsions in industrial water systems, ensuring efficient operation and preventing equipment damage. pH Control Chemicals are used to adjust and maintain the optimal pH levels in the water, which is crucial for various industrial processes and equipment protection. Oxygen Scavengers are employed to remove dissolved oxygen from water, preventing corrosion and enhancing system longevity.Specialty Chemicals encompass a wide range of formulations tailored to specific industrial water treatment applications. These chemicals address unique challenges, such as metalworking fluids, cooling tower treatments, and boiler water treatment. The Industrial Water Treatment Chemical Market revenue is expected to reach USD 45.68 billion by 2026, exhibiting a steady growth rate. The market segmentation provides insights into the diverse chemical types used in industrial water treatment, enabling stakeholders to make informed decisions and cater to specific industry needs.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Water Treatment Chemical Market Application Insights
The Industrial Water Treatment Chemical Market is segmented on the basis of application into Power Plants, Oil and Gas Production, Chemical Processing, Petrochemical Processing, Metalworking, Pulp and Paper Manufacturing, Textile Manufacturing, Food and Beverage Processing, Pharmaceutical Manufacturing, and Others. The Power Plants is anticipated to dominate the Industrial Water Treatment Chemical Market with a revenue of USD 10.2 billion in the year 2024. The substantial growth of the segment is evident due to the increase in the demand for electricity and the stringent regulations regarding water discharges.The Oil and Gas Production is expected to exhibit massive growth due to the surge in the exploration and production in the Oil and Gas sector as well. Moreover, Chemical Processing is anticipated to grow at a steady pace due to the surge in the demand for chemicals and superior wastewater treatment processes. Petrochemical Processing is anticipated to instigate a significant amount of the Industrial Water Treatment Chemical Market owing to the increase in demand for petrochemicals.
Industrial Water Treatment Chemical Market Chemical Form Insights
The Chemical Form segment of the Industrial Water Treatment Chemical Market is categorized into Liquid, Solid, Powder, and Gel. Among these, the Liquid segment held the largest market share in 2023, accounting for over 45% of the Industrial Water Treatment Chemical Market revenue. This dominance can be attributed to the ease of handling, storage, and application of liquid chemicals in industrial water treatment processes. The Liquid segment is also expected to maintain its leading position during the forecast period, owing to its versatility and effectiveness in treating various types of industrial wastewater.In contrast, the Powder segment is anticipated to exhibit the highest growth rate during the forecast period, expanding at a CAGR of over 5%. The increasing adoption of powdered chemicals in small-scale industrial applications is driving the growth of this segment. Powdered chemicals offer advantages such as enhanced stability, longer shelf life, and reduced transportation costs, making them a viable option for industries with limited resources. The Solid and Gel segments are also expected to contribute significantly to the overall market growth.Solid chemicals are preferred in applications where controlled release and sustained performance are required, while Gel chemicals are gaining traction due to their ability to effectively treat complex wastewater streams.
Industrial Water Treatment Chemical Market Regional Insights
The regional segmentation of the Industrial Water Treatment Chemical Market offers valuable insights into the growth dynamics of different regions. North America held the dominant position in 2023, accounting for approximately 35% of the market revenue. The region's robust industrial sector, stringent environmental regulations, and increasing awareness about water conservation drive market growth. Europe follows closely, capturing around 30% of the market share. The region's mature water treatment infrastructure and focus on sustainable practices contribute to its significant presence.APAC exhibits promising growth potential, with a projected CAGR of 5.2% from 2023 to 2032. The region's rapidly expanding manufacturing sector and growing investments in water treatment technologies fuel this growth. South America and MEA hold smaller market shares but present opportunities for expansion due to growing industrialization and increasing water scarcity concerns.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Water Treatment Chemical Market Key Players And Competitive Insights
Industrial Water Treatment Chemical Market Industry Major players are constantly innovating and developing new products to meet the changing needs of their customers. Leading Industrial Water Treatment Chemical Market players, therefore, are investing a lot in research and development. The Industrial Water Treatment Chemical Market is expected to grow in the coming years due to increased demand for water treatment chemicals in various industries. The Industrial Water Treatment Chemical Market is currently highly competitive, with many major players operating in it. The major players in the market include SUEZ, Veolia, BASF, Dow, and Kemira. These companies produce and supply a wide variety of chemicals for water treatment to cater to their customers in different industries such as power generation, oil and gas, and manufacturing.SUEZ is one of the leading Industrial Water Treatment Chemical Market players. It is the leading company in the provision of water treatment solutions in the world. The company develops and supplies a wide range of water treatment chemicals, including coagulants, flocculants, and disinfectants. Veolia is also a major player in the Industrial Water Treatment Chemical Market. The company develops and supplies several water treatment chemicals, including corrosion inhibitors, scale inhibitors, and biocides. BASF is one of the leading chemical companies. The company produces and supplies a variety of water treatment chemicals, including coagulants, flocculants, and polymers. Dow is also a major player in the provision of chemicals in the world. The company develops and supplies a wide range of water treatment chemicals, including reverse osmosis membranes and ion exchange resins. Kemira is another major player in the production of chemicals for water treatment. The company develops and supplies water treatment chemicals, including coagulants and flocculants.Other companies participating in the Industrial Water Treatment Chemical Market as major players in the market include Nalco Water. Nalco Water is one of the leading providers of water treatment solutions in the world. The company supplies a variety of chemicals for water treatment, including coagulants, flocculants, and corrosion inhibitors. Solenis is also a major competitor in the Industrial Water Treatment Chemical Market. The company supplies a variety of products for water treatment, including coagulants, flocculants, and biocides. Buckman is also one of the leading suppliers of chemicals for water treatment. The company develops and distributes a wide range of water treatment chemicals, including coagulants, flocculants, and corrosion inhibitors.
Key Companies in the Industrial Water Treatment Chemical Market Include
- Suez
- Kurit
- Nalco Water
- Buckman Laboratories
- Lenntech
- Veoliawater Technologies
- Neptune Chemical
- Hach
- SUEZ
- Kemira
- BASF
- Dow
- Ecolab
- DuPont
- Solenis
Industrial Water Treatment Chemical Market Industry Developments
The Industrial Water Treatment Chemical Market is projected to grow from USD 36.48 billion in 2023 to USD 54.6 billion by 2032, exhibiting a CAGR of 4.58% during the forecast period. Key factors driving this growth include increasing water scarcity, stringent environmental regulations, and rising demand from various industries such as power generation, oil & gas, and manufacturing.Recent developments in the market include the launch of new products, such as eco-friendly and biodegradable chemicals, and the adoption of advanced technologies like artificial intelligence (AI) and the Internet of Things (IoT) to optimize water treatment processes. Strategic collaborations and acquisitions among market players are also shaping the competitive landscape. For instance, in 2023, Ecolab acquired Purolite, a leading manufacturer of ion exchange resins used in water treatment, to expand its portfolio and enhance its position in the market.
Industrial Water Treatment Chemical Market Segmentation Insights
Industrial Water Treatment Chemical Market Chemical Type Outlook
- Coagulants and Flocculants
- Scale and Corrosion Inhibitors
- Biocides
- Antifoams and Emulsion Breakers
- pH Control Chemicals
- Oxygen Scavengers
- Specialty Chemicals
Industrial Water Treatment Chemical Market Application Outlook
- Power Plants
- Oil and Gas Production
- Chemical Processing
- Petrochemical Processing
- Metalworking
- Pulp and Paper Manufacturing
- Textile Manufacturing
- Food and Beverage Processing
- Pharmaceutical Manufacturing
Industrial Water Treatment Chemical Market Chemical Form Outlook
Industrial Water Treatment Chemical Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
34.89(USD Billion) |
| Market Size 2023 |
36.48(USD Billion) |
| Market Size 2032 |
54.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.58% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Suez, Kurit, Nalco Water, Buckman Laboratories, Lenntech, Veoliawater Technologies, Neptune Chemical, Hach, SUEZ, Kemira, BASF, Dow, Ecolab, DuPont, Solenis |
| Segments Covered |
Chemical Type, Application, Chemical Form, Regional |
| Key Market Opportunities |
Growing demand for sustainable water treatment solutions Advances in membrane technologies Increasing water scarcity Rising awareness of water quality Expansion of industrial sectors. |
| Key Market Dynamics |
Rising industrialization, stringent environmental regulations, growing water scarcity, increasing demand for efficient water treatment technological advancements |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The industrial water treatment chemical market is expected to be valued at USD 36.48 billion in 2023 and is projected to reach USD 54.6 billion by 2032, exhibiting a CAGR of 4.58% during the forecast period.
Asia-Pacific is anticipated to dominate the industrial water treatment chemical market throughout the forecast period owing to the growing industrialization and urbanization in the region.
Rising water scarcity, increasing demand for clean water, and stringent environmental regulations are the primary factors propelling the growth of the industrial water treatment chemical market.
The cooling water treatment segment is anticipated to account for the largest share of the market due to the increasing need for efficient cooling systems in various industries.
Major players in the industrial water treatment chemical market include BASF, Ecolab, Veolia Water Technologies, and Suez.
The industrial water treatment chemical market in North America is expected to grow at a CAGR of 3.8% during the forecast period.
Coagulants and flocculants are anticipated to be the most sought-after chemicals in the market due to their effectiveness in removing impurities from water.
Technological advancements such as the development of nanotechnology and membrane filtration systems are revolutionizing the market by offering more efficient and cost-effective water treatment solutions.
Growing concerns about water scarcity are driving the demand for water treatment chemicals that can help industries reduce their water consumption and operate more sustainably.
Stringent environmental regulations, fluctuating raw material prices, and the availability of substitutes are some of the key challenges faced by the industrial water treatment chemical market.
