The global water treatment chemicals market size is expected to reach USD 72.03 Billion by 2028 according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for water treatment chemicals is anticipated to increase during the forecast period owing to wide applications in industries such as chemical, oil and gas, and mining, among others. Increasing aqua pollution of surface and ground aqua sources and regulations imposed by governments regarding the treatment of effluents has boosted the market growth. However, the COVID-19 outbreak has adversely impacted the chemical, oil & gas, and pulp & paper industries, thereby restricting the development of the aqua treatment compounds industry.
Based on type, the market is segmented into flocculants, coagulants, corrosion inhibitors, pH adjusters & softeners, and others. The demand for flocculants and coagulants is anticipated to be high during the forecast period. Coagulation and flocculation are used in the treatment processes for reducing aqua turbidity. The wastewater cure process utilizes coagulants for chemical phosphorus removal and reduced suspended solids.
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Organic coagulants are used for solid & liquid separation and sludge generation, whereas inorganic coagulants are used on raw water with low turbidity. Some inorganic coagulants include aluminum sulfate, aluminum chloride, polyaluminum chloride, ferric sulfate & ferrous sulfate, and ferric chloride.
The increasing demand for clean aqua and declining aqua resources drive the market growth. Significant investments in technological advancements, extensive research, and development activities, and stringent aqua cure regulations are expected to support market growth further. Asia-Pacific dominated the global aqua cure chemicals industry in 2020 and is expected to maintain its dominance over the forecast period. Rising industrial growth, urbanization, and economic growth support industry development.
Increasing environmental concerns and rising adoption of green chemicals fuels growth in this region. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.
Some major industry participants include Aries Chemical, Inc. Akzo Nobel N.V., BASF SE, BAUMINAS Group, Baker Hughes Company, Buckman, Cortec Corporation, Dow, Dorf Ketal Chemicals, Ecolab, Feralco AB, Evoqua Water Technologies LLC, Geo Specialty Chemicals, Inc., Italmatch Chemical S.p.A, Green Water Treatment Solutions, Kemira, LANXESS, Kurita Europe GmbH, Lonza, Solenis, SNF CHINA FLOCCULANT CO., LTD., Somicon ME FZC and Suez S.A.
Polaris Market Research has segmented the water treatment chemicals market report on the basis of type, end-use, and region:
Water Treatment Chemicals Type Outlook (Revenue, USD Billion, 2016 - 2028)
Water Treatment Chemicals End-Use Outlook (Revenue, USD Billion, 2016 - 2028)
Water Treatment Chemicals Regional Outlook (Revenue, USD Billion, 2016 - 2028)