April 17, 2024
Water and Wastewater Treatment Chemicals Market

The Global Water And Wastewater Treatment Chemicals Market Driven By Increasing Industrial Water Usage

Water and wastewater treatment chemicals are vital in keeping water sources clean for industrial and municipal uses. These chemicals are used for coagulation and flocculation, disinfection, pH adjustment, and sludge treatment in water and wastewater treatment processes. Coagulants and flocculants help remove suspended solids from raw water sources and wastewater streams. Disinfectants like chlorine and its compounds are commonly used to eliminate pathogens in drinking water supplies. pH adjusters neutralize acidity or alkalinity to optimize treatment conditions. Sludge treatment chemicals aid in dewatering sewage sludge. As industries continue ramping up production activities, the demand for process water will keep rising, driving the need for water treatment chemicals to ensure adequate supplies of clean water.

The global Water and Wastewater Treatment Chemicals Market is estimated to be valued at US$ 40711.39 Bn in 2024 and is expected to exhibit a CAGR of 36.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the major trends in the Global Water And Wastewater Treatment Chemicals Market Size is the growing focus on sustainable chemistries. Stringent environmental regulations are prompting manufacturers to develop eco-friendly and biodegradable alternatives to traditional hazardous chemicals. Natural and bio-based products derived from plant and microbial sources are gaining traction. Their use helps reduce toxins in treated water that is eventually released back into the environment. Leading companies are investing heavily in renewable resource-based chemistries to meet sustainability goals andchanging customer preferences.

Porter’s Analysis

Threat of new entrants: Low capital requirement and increasing governmental support for water and wastewater treatment projects has increased threat of new entrants in the market.

Bargaining power of buyers: Large number of players in the market has increased bargaining power of buyers.

Bargaining power of suppliers: Established supply chain and availability of raw materials has reduced bargaining power of suppliers.

Threat of new substitutes: Limited threat of new substitutes due to compliance with strict environmental regulations.

Competitive rivalry: Intense competition between key global and regional players.

Key Takeaways

The global water and wastewater treatment chemicals market is expected to witness high growth.

Regional analysis Western Europe dominates the market currently owing to stringent environmental regulations for water treatment. North America is also a major market backed by high usage in industrial applications.

Key players operating in the water and wastewater treatment chemicals market are Honeywell International, Hamamatsu Photonics K.K., Daylight Solutions, Cascade Technologies, M Squared Lasers Limited, Teledyne FLIR LLC, IPG Photonics Corporation, Changchun New Industries Optoelectronics Tech. Co., Ltd. Strict environmental norms have increased demand for advanced treatment chemicals from these key players.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it