Water Treatment Chemicals Market Insights: Regional Demand and Supply Dynamics

The global water treatment chemicals market size was valued at USD 32.2 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. The growth can be attributed to increasing requirements from sugar and ethanol, fertilizers, geothermal power generation, petrochemical manufacturing, and refining industries, specifically in emerging economies. The increase in demand for developing a centralized facility for fluid treatment units for medium and small-scale manufacturers for complete in-situ processes attaining zero discharge is the prominent trend prevailing in the market. The market is expected to witness promising growth in the Middle East and Africa owing to the growing adoption of saline water treatment in order to fulfill the increasing water demand. Desalination is the most prominent technology used in different parts of the Middle East. Saudi Arabia is largely dependent on desalination to meet their water requirements.

Gather more insights about the market drivers, restrains and growth of the Global Water Treatment Chemicals Market

Detailed Segmentation:

End-use Insights

The municipal segment accounted for the largest revenue share of around 43.1% in 2022 owing to extensive usage of the chemicals for industrial and municipal wastewater treatment applications. Growing water scarcity in the developed economies of Europe and North America has pushed the major players to focus on reusing and recycling water.

Product Insights

The coagulants & flocculants segment accounted for the largest revenue share of 38.2% in 2022 as most of the treatment plant includes the sedimentation process. Coagulation and flocculation are mostly used in the tank of chemical products of oil and gas plants. The coagulation process fastens the sedimentation process. The coagulants are in the form of organic and inorganic compounds such as aluminum hydroxide chloride and aluminum sulfate. The reason for adding coagulants is to remove 90% of the suspended solid particles from the wastewater during the treatment process.

Application Insights

The raw water treatment segment held the largest revenue share of 48.2% in 2022 owing to growing utilization in industrial settings for cooling, product formulations, rinsing, or even human consumption if it is properly purified. It is used for the pretreatment of sourced water in order to improve process performance and product efficiency for a particular application. It is focused on protecting industrial equipment from corrosion, scaling and fouling, and any other form of damage. The process may vary from one another as they are designed according to specific treatment needs. The process will usually include coagulation, flocculation, sedimentation, filtration, disinfection, and distribution.

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Regional Insights

North America dominated the market and accounted for the largest revenue share of 28.8% in 2022. The advancements in hydraulic fracturing technology have led to increased production of unconventional energy sources such as shale gas and tight oil, primarily in North Dakota and West Texas regions of North America. Consequently, there has been a growing demand for water treatment facilities within the upstream oil and gas sector.

Key Companies & Market Share Insights

The water treatment chemicals market is fragmented in nature. Manufacturers have a high degree of integration i.e. in-house raw material production facilities and long-term supply contracts with raw material suppliers. Products manufactured by the companies are sold in domestic and international markets through various distribution channels including direct supply agreements and third-party suppliers, which not only procure the finished products from the manufacturers but also distribute them across the region through an extensive product distribution network worldwide.

Furthermore, the business activities of the companies are extended to include control of the direct supply as well as manufacturing, distribution, and application of the product. Presence across various stages of the value chain has improved the profits of companies by reducing the cost of distribution and giving them better control over the pricing of their products.

Key Water Treatment Chemicals Companies: