by The global Water And Wastewater Treatment Chemicals Market is estimated to be valued at US$ 32,548.27 Mn in 2022 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023-2030.
Market Overview:
Water and wastewater treatment chemicals are used in various steps of water treatment such as coagulation, flocculation, precipitation etc. These chemicals help remove suspended solids, bacteria, algae and other impurities from water. The usage of these chemicals has increased the access to clean drinking water globally and helped reduce waterborne diseases.
Market key trends:
One of the key trends in the water and wastewater treatment chemicals market is the increasing focus on development of bio-based and green chemicals. With growing emphasis on environmental protection and sustainability, manufacturers are developing various bio-based polymers and chemicals that can be used for water treatment. These include natural flocculants obtained from plants, algae based coagulants and other eco-friendly alternatives to traditionally used chemicals. Their usage is increasing due to better performance and minimal environmental impact.
Segment Analysis
The global water and wastewater treatment chemicals market is segmented by type, end-use industry, and region. Based on type, the coagulants and flocculants sub-segment held the largest share in 2021 due to its wide applications in removing suspended solid particles and dissolved organic contaminants in water purification processes. Coagulants and flocculants aid in sludge thickening and dewatering during wastewater treatment, increasing their demand from municipal and industrial wastewater treatment plants globally.
Key Takeaways
Global Water And Wastewater Treatment Chemicals Market Size was valued at US$ 32,548.27 Mn in 2021 and is expected to witness high growth, exhibiting a CAGR of 4.2% over the forecast period, due to increasing industrialization and global water stress.
Regional analysis: North America held the largest market share in 2021 due to stringent regulatory standards for wastewater discharge in the US and Canada. Asia Pacific is expected to be the fastest growing region, owing to population growth, rapid urbanization, and industrial development in developing countries like China and India.
Key players: Key players operating in the water and wastewater treatment chemicals market are Kemira Oyj, ION EXCHANGE (I) Ltd, Thermax Ltd, BASF-SE, GE Water & Process Technologies, Dorf Ketal, Chembond India Ltd, SNF Group, Vasu Chemicals, E. I. du Pont de Nemours and Company, Shandong Taihe Water Treatment Technologies Co., Ltd., and Shandong XinTai Water Treatment Technology Co., Ltd. Kemira Oyj and BASF SE dominate the market owing to their wide product portfolios and global footprint.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
