Water Treatment Chemicals Market

Promoting the Sector's Growth in the Power Generation to boost market growth

The energy generation target for thermal, hydro, nuclear, and Bhutan imports has been set at 1356 billion units, a rise of 9.83% from the actual generation for the previous year, according to the Indian Ministry of Power. The use of water treatment chemicals in power plants, including hydro, thermal, and other types, is growing due to the significant potential for the power production sector.

This is thus driving the market for global water treatment chemicals. The oil and gas industry uses a variety of water treatment chemicals, such as chlorine dioxide coagulants, corrosion inhibitors, disinfectants, and others, for the filtration of water in steam generators, oil refineries, and other facilities. Due to a thriving oil and gas sector, rising exploration and production operations, and urbanization, the oil and gas business is expanding quickly. The India Brand Equity Foundation (IBEF) predicts that by 2045, India's oil consumption will have increased to 11 million barrels per day.

The United States Energy Information Administration (EIA) reports that in October 2021, crude oil output increased from 11473 barrels per day in September 2021 to 10809 barrels per day. As a result, the use of water treatment chemicals for water purification and treatment in petroleum refineries and onshore and offshore operations is growing exponentially along with the oil and gas sector's rapid expansion. This fuels the market for water treatment chemicals. Therefore, such factors have recently enhanced the water treatment chemicals market CAGR ly.

However, an increase in water use by the electricity sector's end users implants is another factor driving the growth of the water treatment chemicals market revenue.

April 2024 The introduction of CURE Chemicals, which was announced by Gradiant, a global provider of solutions for advanced water and wastewater treatment, marked the beginning of the company's operations today. CURE Chemicals will set new standards for the environmental sustainability and operational efficiency of the main industries throughout the world, continuing the track record of innovation and commercialization that Gradiant has built. These standards will be implemented by CURE Chemicals. There are roughly three hundred distinct formulas that have been granted patents and are included in the product range that CURE Chemicals offers.

Inhibitors of corrosion and scale, process chemicals, biocides, antiscalants and cleansers, coagulants and flocculants, and other substances are included in these formulations. The implementation of these solutions is intended to considerably enhance the effectiveness and efficiency of water treatment processes, while simultaneously lowering the negative impact that these processes have on the environment in their immediate vicinity.

The Global Water Treatment Chemicals Market Industry is experiencing heightened demand due to increasing water scarcity across various regions. As populations grow and industrial activities expand, the pressure on freshwater resources intensifies. This situation necessitates the implementation of effective water treatment solutions to ensure safe and potable water supply. For instance, regions like the Middle East and North Africa are facing severe water shortages, prompting investments in water treatment technologies. The market is projected to reach 48.0 USD Billion in 2024, reflecting the urgent need for innovative chemical solutions to address these challenges.

The Global Water Treatment Chemicals Market Industry is characterized by dynamic trends and projections that reflect its growth trajectory. With a projected market value of 48.0 USD Billion in 2024 and an anticipated increase to 79.8 USD Billion by 2035, the industry is poised for substantial expansion. The compound annual growth rate (CAGR) of 4.72% from 2025 to 2035 indicates a robust market outlook. Various factors, including technological advancements, regulatory compliance, and rising environmental concerns, are contributing to this growth. The market's evolution is likely to be influenced by ongoing innovations and shifts in consumer preferences.

Growing awareness of environmental issues is significantly impacting the Global Water Treatment Chemicals Market Industry. Concerns regarding pollution, ecosystem degradation, and the sustainability of water resources are prompting both consumers and industries to prioritize environmentally friendly treatment solutions. This shift is leading to the development of biodegradable and less harmful chemicals for water treatment applications. As a result, companies are investing in research and development to create sustainable alternatives, aligning with global sustainability goals. This trend is expected to further stimulate market growth as stakeholders increasingly seek eco-friendly solutions.

Rapid industrialization and urbanization are pivotal factors influencing the Global Water Treatment Chemicals Market Industry. As industries expand, the demand for water increases, necessitating efficient treatment solutions to manage wastewater and ensure compliance with environmental regulations. Urban areas, characterized by dense populations, require robust water treatment systems to cater to the needs of residents. For instance, emerging economies in Asia and Africa are witnessing significant urban growth, leading to increased investments in water treatment infrastructure. This trend is expected to contribute to the market's growth, with projections indicating a rise to 79.8 USD Billion by 2035.

Stringent regulatory frameworks governing water quality and safety are driving growth in the Global Water Treatment Chemicals Market Industry. Governments worldwide are enforcing regulations to ensure that water treatment processes meet specific safety standards. For example, the United States Environmental Protection Agency (EPA) mandates compliance with the Safe Drinking Water Act, which necessitates the use of effective treatment chemicals. This regulatory landscape compels industries and municipalities to invest in advanced water treatment solutions, thereby propelling market growth. As a result, the market is expected to expand significantly, with a projected CAGR of 4.72% from 2025 to 2035.

Innovations in water treatment technologies are reshaping the Global Water Treatment Chemicals Market Industry. The development of advanced chemical formulations and treatment processes enhances the efficiency and effectiveness of water purification. Technologies such as membrane filtration, advanced oxidation processes, and bioremediation are gaining traction, offering sustainable solutions for water treatment. These advancements not only improve water quality but also reduce operational costs for industries. As companies seek to adopt more efficient treatment methods, the market is likely to witness substantial growth, driven by the increasing adoption of these innovative technologies.

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific Water treatment chemicals market accounted for USD 17.34 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. Due to the substantial industrial base and high living standards of the population, which need high-quality and clean water, this trend is anticipated to continue in the upcoming years. One of the top nations that accounts for high chemical use for water treatment is China, followed by Japan.

China, a center for industry, is one of the world's worst pollutants. The quality of water bodies in the nation's largest cities has declined recently as a result of unrestricted industrial wastewater discharge. Moreover, China water treatment chemicals market held the largest market share, and the India water treatment chemicals market was the fastest growing market in the Asia-Pacific region. The water treatment chemicals market in India is driven by increasing industrialization, stringent environmental regulations, and rising demand for clean water, with a projected CAGR of 2.21% through 2032

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: WATER TREATMENT CHEMICALS MARKET SHARE BY REGION 2021 (%)Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

North America water treatment chemicals market accounts for the second-largest market share. Government laws that are designed to regulate wastewater output and disposal are to blame for this growth. The United States is a leader in the production, use, and supply of energy, according to the International Trade Administration (ITA). The U.S. power sector's growing need for treatment chemicals to handle its wastewater is anticipated to fuel market expansion. Further, the US water treatment chemicals market held the largest market share, and the Canada water treatment chemicals market was the fastest growing market in the North America region

The Europe Water treatment chemicals Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to increased rates of osteoarthritis and degenerative disc disease, the rapidly growing medical tourism industry, and rising healthcare costs. Moreover,Germany water treatment chemicals market held the largest market share, and the UK water treatment chemicals market was the fastest growing market in the Europe region

Major market players are spending a lot of money on R&D to increase their product lines, which will help the water treatment chemicals market grow even more. Market participants are also taking key development initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the water treatment chemicals industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies manufacturers adopt in the water treatment chemicals industry to benefit clients and expand the market sector is manufacturing locally to reduce operating costs. In recent years, the water treatment chemicals industry has provided some of the most significant benefits. Major water treatment chemicals market players, such as Ecolab, Kemira Oyj, and others, are working on expanding the market demand by investing in research and development activities.

American company Ecolab Inc. has its main office in Saint Paul, Minnesota. In a wide range of applications, it creates and provides services, technologies, and systems focused on water treatment, purification, cleansing, and hygiene. In October 2021, Ecolab purchased Purolite to offer high-quality purification and separation products. The agreement is structured as a cash transaction for approximately USD 3.7 billion.

Also, A leading provider of chemicals, Kemira Oyj works with clients in water-intensive sectors. Pulp & Paper and Industry & Water comprise Kemira's primary business divisions. In January 2019, In an agreement for customer applications for water and sludge treatment, Kemira and Valmet intended to combine their knowledge in process optimization with Valmet's analyzer and measuring technologies for the treatment of industrial water.