According to report published by Kings Research, Water Treatment Chemicals Market was estimated at USD 31.24 billion in 2023 and is expected to increase at a compound annual growth rate (CAGR) of 4.26% from 2024 to 2031, reaching USD 42.93 billion. Products from firms like Dow, Ecolab, Veolia, Evoqua Water Technologies LLC, Buckman, Kemira, Solenis, LANXESS, BASF SE, SUEZ, and others are included in the scope of work of the research.
Top 15 Key Players: -
- Dow
- Ecolab
- Veolia
- Evoqua Water Technologies LLC
- Buckman
- Kemira
- Solenis
- LANXESS
- BASF SE
- SUEZ
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Over 2024–2031, Europe is expected to grow steadily at a CAGR of 3.69%. The demand for high-performance water treatment chemicals is being driven by the European Union's (EU) strict laws on water quality, which are being implemented by European enterprises and municipalities.
Regional Insights: -
North America: Currently the largest market for water treatment chemicals, driven by advanced water treatment infrastructure and strict regulatory frameworks.
Asia-Pacific: Anticipated to be the fastest-growing region during the forecast period, fueled by rapid industrialization, urbanization, and increasing environmental awareness. The region's growth is also supported by significant investments in water treatment facilities and infrastructure development.
Middle East & Africa: Expected to witness the highest CAGR of 5.31% during the forecast period, with market value projected to reach USD 5.04 billion by 2031. This growth is attributed to the increasing need for water treatment solutions in arid regions and the development of new industrial projects.
Key Segments: -
By Product Type:
- Coagulants & Flocculants: This segment is expected to hold the maximum market share, projected to reach USD 14.89 billion by 2031. These chemicals are crucial for removing suspended solids from water, making them essential in both municipal and industrial water treatment processes.
- Biocides & Disinfectants: These chemicals play a vital role in eliminating harmful microorganisms, ensuring water safety and hygiene.
- Defoamers & Defoaming Agents: Used to control foam formation, these chemicals are essential in various industrial processes.
- pH Adjusters & Softeners: These are critical for maintaining the pH balance and reducing water hardness, crucial for both industrial applications and safe potable water.
- Scale & Corrosion Inhibitors: These chemicals help in preventing scale formation and corrosion, thereby extending the lifespan of water treatment equipment and infrastructure.
By End-Use Industry: -
- Municipal: The largest consumer of water treatment chemicals, driven by the need for safe drinking water and efficient wastewater treatment.
- Power Generation: Requires large volumes of treated water for cooling and other processes.
- Oil & Gas: Utilizes water treatment chemicals for drilling, refining, and petrochemical processes.
- Chemical Manufacturing: Relies on these chemicals to ensure water used in production processes meets quality standards.
- Mining & Mineral Processing: Requires significant amounts of treated water for ore processing and other activities.
- Pulp & Paper: Uses water treatment chemicals to manage process water and effluent.
- Food & Beverages: Ensures water used in production is free from contaminants, maintaining product quality and safety.
Contact Us: -
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E-mail: business@kingsresearch.com
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