Water Treatment Chemicals Market Share, Size, Trends, Industry Analysis Report, By Type (Flocculants, Coagulants, Corrosion Inhibitors, pH Adjusters & Softeners, Others); By End-Use (Municipal, Industrial, Others); By Region; Segment Forecast, 2021 - 2028
- Published Date:Oct-2021
- Pages: 112
- Format: PDF
- Report ID: PM2049
- Base Year: 2020
- Historical Data: 2016 - 2019
Report Outlook
The global water treatment chemicals market size was valued at USD 40.11 billion in 2020 and is expected to grow at a CAGR of 9.1% during the forecast period. The growing market demand for safe and freshwater for residential and industrial applications has increased the requirement for water treatment chemicals. Different chemicals used during water treatment include flocculants, corrosion inhibitors, coagulants, biocides & disinfectants, and deforming agents, among others.
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These compounds can remove minerals, solids, algae, and other microbes during the treatment process. Growing urbanization and economic development have increased the market demand for clean water across the globe. Rising environmental regulations, scarcity of freshwater resources, and growth in industrial water consumption have increased the adoption of water cure compounds.
The different kinds of corrosion inhibitors include precipitation-inducing inhibitors, passivity inhibitors, cathodic inhibitors, organic inhibitors, and volatile corrosion inhibitors. PH conditioners are chemicals that prevent corrosion from pipes and the dissolution of lead into aqua supplies. The pH of aqua is adjusted through the addition of acids or bases according to the requirements.The COVID-19 outbreak has restricted the growth of the aqua treatment chemicals market. Industries such as chemicals, oil and gas, and pulp & paper have all been adversely affected by the pandemic, resulting in reduced demand for aqua treatment chemicals from these industries.
The global market has been impacted by operational challenges, disruption of the supply chain, and workforce impairment. Manufacturing activities have been halted due to various government regulations across the globe, reducing the demand for aqua treatment chemicals. The market is expected to gain traction post-COVID-19, driven by factors such as supportive government regulations, favorable environmental policies, and industrial growth.
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Industry Dynamics
Growth Drivers
Economic growth in developing countries, rising industrialization, and declining water reserves have resulted in greater market demand for aqua treatment chemicals. There has been an increase in aqua pollution of ground and surface water sources. Greater demand for aqua treatment chemicals has been observed from industries such as oil and gas, power generation, mining, paper and pulp, and chemicals.
Technological advancements and initiatives & regulations introduced by governments have strengthened the water treatment compounds market. Growing demand from emerging economies and increasing inclination towards adoption of green compounds are some factors expected to provide lucrative growth opportunities over the forecast period. Corrosion inhibitors are used for aqua treatment to protect critical parts of boiler systems, prevent deposition of corrosion compounds, and enhance overall efficiency. These chemicals adsorb on metal surfaces to form a film that offers protection against corrosion.
Report Segmentation
The market is primarily segmented on the basis of type, end-use, and region.
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By Type |
By End-Use |
By Region |
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Insight by Type
Based on type, the market is segmented into flocculants, coagulants, corrosion inhibitors, pH adjusters & softeners, and others. The global for coagulants is high during the forecast period. Coagulants are added to the solution to accomplish charge neutralization. They are used to treat aqua for suspended solids removal. Flocculants combine the destabilized particles to agglomerate and remove them from the solution.
Insight by End-Use
The end-use industry segment has been divided into municipal, industrial, and others. The industrial segment dominated the global market in 2020 due to greater aqua treatment in industries such as chemical, food and beverages, mining, power, and paper and pulp, among others. The increasing industrialization in developing countries and the introduction of stringent safety regulations further support this segment's growth. Other driving factors include high wastewater generation from these sectors, scarcity of clean aqua, and technological advancements in the development of efficient treatment processes.
Geographic Overview
Asia-Pacific dominated the global water treatment chemicals market in 2020. The industrial growth in countries such as China, India, and Japan and the growing population drive this region's growth. Increasing urbanization, expansion of international players in this region, and technological advancements are some other factors attributed to this region's growth. Rising environmental concerns and stringent regulations regarding the treatment of effluents in developing countries of this region are expected to offer lucrative opportunities for the market.
Competitive Landscape
The leading players in the water treatment chemicals market include Akzo Nobel N.V., Aries Chemical, Inc. Baker Hughes Company, BASF SE, BAUMINAS Group, Buckman, Cortec Corporation, Dorf Ketal Chemicals, Dow, Ecolab, Evoqua Water Technologies LLC, Feralco AB, Geo Specialty Chemicals, Inc., Green Water Treatment Solutions, Italmatch Chemical S.p.A, Kemira, Kurita Europe GmbH, LANXESS, Lonza, SNF CHINA FLOCCULANT CO., LTD., Solenis, Somicon ME FZC, and Suez S.A.
These players are expanding their presence across various geographies and entering new markets in developing regions to expand their customer base and strengthen their presence in the market. The companies are also introducing new innovative products in the market to cater to the growing consumer demands.
Water Treatment Chemicals Market Report Scope
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Report Attributes |
Details |
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Market size value in 2020 |
USD 40.11 billion |
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Revenue forecast in 2028 |
USD 72.03 billion |
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CAGR |
9.1% from 2021 - 2028 |
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Base year |
2020 |
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Historical data |
2016 - 2019 |
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Forecast period |
2021 - 2028 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2021 to 2028 |
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Segments covered |
By Type, By End-use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key Companies |
Akzo Nobel N.V., Aries Chemical, Inc. Baker Hughes Company, BASF SE, BAUMINAS Group, Buckman, Cortec Corporation, Dorf Ketal Chemicals, Dow, Ecolab, Evoqua Water Technologies LLC, Feralco AB, Geo Specialty Chemicals, Inc., Green Water Treatment Solutions, Italmatch Chemical S.p.A, Kemira, Kurita Europe GmbH, LANXESS, Lonza, SNF CHINA FLOCCULANT CO., LTD., Solenis, Somicon ME FZC, and Suez S.A. |
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