by Water treatment chemicals are chemical additives that help improve the quality of water for various end-use applications. Water treatment chemicals are used in numerous industries such as power, oil & gas, chemical, mining, municipal, food & beverage, pulp & paper, and others. They help remove impurities, neutralize pH levels, control scale formation, corrosion, and algal growth. Some key products include coagulants & flocculants, biocides & disinfectants, pH adjusters & softeners, scale inhibitors, and corrosion inhibitors. These chemicals help purify water for industrial usage and human consumption.
The global water treatment chemicals market has witnessed significant growth due to the rising demand for clean water from various end-use industries. Stringent regulations regarding industrial wastewater discharge have enhanced the need for water treatment. Industries such as power generation require massive amounts of purified feedwater which is driving consumption. With increasing infrastructure development and industrialization, particularly in emerging economies, the market is expected to grow substantially.
The global Water Treatment Chemicals Market is estimated to be valued at US$ 40.53 Bn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
Increased usage of polymeric flocculants – Polymeric flocculants are advanced water treatment chemicals that are highly efficient in clarifying and dewatering suspended solids in water. They have low dosage requirements and form tighter flocs for better separation. The polymer industry is investing in R&D to develop novel polymeric formulations that can treat diverse wastewater streams effectively.
Growing demand for biocides – Biocides are increasingly used to control microbial growth in industrial water systems. Various industries require ultrapure water processes that are free of living organisms. Hence, there is high consumption of disinfectants and preventive biocides. Regulations are also promoting the use of more environment-friendly bio-based biocides.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the water treatment chemicals market is moderate due to high capital requirements to setup industrial scale production facilities and established distribution networks of existing players.
Bargaining power of buyers: The bargaining power of buyers in the water treatment chemicals market is high due to availability of substitute products and differentiated offerings from various manufacturers globally.
Bargaining power of suppliers: The bargaining power of suppliers is moderate owing to availability of substitutes and established sourcing strategies adopted by buyers.
Threat of new substitutes: The threat of substitutes is moderate as there are limited product substitutes available for water treatment currently.
Competitive rivalry: The competitive rivalry in the global market is high due to presence of many international as well as domestic players competing on basis of product differentiation strategies.
Key Takeaways
The global Water Treatment Chemicals Market Share is expected to witness high growth. Growing industrial activity has increased usage of water for various applications which is expected to drive demand for water treatment chemicals during the forecast period.
Regional analysis: North America dominated the market in 2020 led by stringent regulations regarding freshwater usage in industries. However, Asia Pacific is expected to witness the fastest growth owing to the expanding manufacturing sector and rising investments in the construction industry in major economies like China and India.
Key players: Key players operating in the water treatment chemicals market are Sisecam Group, Bormioli Rocco SpA, Wuerttembergische Metallwarenfabrik AG (WMF), Libbey, Inc., ARC International, Anchor Hocking, and Lenox Corporation. These players focus on new product developments and mergers & acquisitions to strengthen their global presence.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
