by The global water treatment chemicals market plays a crucial role in providing potable and clean water. Chemicals such as coagulants & flocculants, corrosion inhibitors, scale inhibitors, and biocides are used for treating water across municipal, power, mining, oil & gas, and other industrial applications. Coagulants & flocculants aid in removing suspended solids from water bodies by neutralizing charges on suspended particles causing them to come together. Advances in membrane technologies and ultrafiltration have enabled energy-efficient and cost-effective removal of contaminants from water.
The Global Water Treatment Chemicals Market is estimated to be valued at US$ 46.7 Bn in 2024 and is expected to exhibit a CAGR of 7.6% over the forecast period 2024 to 2030.
Key Takeaways
Key players: Key players operating in the Water Treatment Chemicals Market Growth include Sisecam Group, Solenis, Suez, Kemira OYJ and Ecolab Inc. Sisecam Group offers coagulants and flocculants under the Sikapur brand for various water treatment applications.
Growing demand: Rapid growth of industries such as power, pharmaceuticals, food & beverages, and rising urbanization are driving the demand for treated water. Stringent regulations regarding discharge of industrial waste are further propelling the water treatment chemicals market.
Global expansion: Leading players are expanding their global footprint through acquisitions and partnerships. For instance, Suez has presence in over 30 countries globally. Ecolab acquired Nalco in 2011 for strengthening its water management business across major economies.
Market key trends
Sustainable chemicals is a key trend in the water treatment chemicals industry. Stringent environmental regulations are prompting manufacturers to develop eco-friendly and biodegradable chemicals. For example, biocides produced from natural sources such as clove oil are gaining popularity. Similarly, natural polymers are replacing synthetic flocculants. Growing focus on reducing water scarcity through recycling and reuse of treated water is another important trend in the market. Technologies such as reverse osmosis are being increasingly used for reusable purposes in end-use industries.
Porter’s Analysis
Threat of new entrants: The water treatment chemicals market requires high initial investments in R&D and production facilities which acts as a barrier for new players.
Bargaining power of buyers: Large number of buyers in sectors like oil & gas, food & beverage etc. allows them to negotiate for better prices.
Bargaining power of suppliers: Presence of numerous global and regional suppliers of chemicals, equipments and services prevents any single supplier from manipulating prices.
Threat of new substitutes: Limited threat as chemicals used have specific properties and applications in treatment of water.
Competitive rivalry: Intense competition exists between major players to gain higher market share through product innovation and expansion into new geographies.
Geographical regions with high market value concentration include North America and Europe due to stringent regulations regarding water quality and growing industrial sector. Asia Pacific region is expected to be the fastest growing market owing to increasing investment in water treatment infrastructure, rising industrial production and expanding urban population in countries like China and India.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
