The report “Water Treatment Chemicals Market by Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents), End-Use (Residential, Commercial, Industrial) and Region – Global Forecast to 2027”, size is estimated to be USD 35.9 billion in 2022 and is forecasted to grow to USD 42.2 billion by 2027, at a CAGR of 3.2%, during the forecast period.
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• 348 Market data Tables
• 47 Figures
• 300 Pages and in-depth TOC on “Water Treatment Chemicals Market – Global Forecast to 2027”
Some of the prominent key players are:
· Ecolab Inc. (US)
· Kemira Oyj (Finland)
· BASF SE (Germany)
· Solenis LLC (US)
· Dow Inc. (US)
· Nouryon (Netherlands)
· Baker Hughes (US)
· SNF Floerger (France)
· Kurita Water Industries Ltd. (Japan)
· Veolia (France)
· Arxada (Switzerland)
Opportunity: Rising scarcity of freshwater
The scarcity of freshwater is a major concern faced by industries and society in general. Industries require large volumes of water in production processes, generating industrial wastewater. Recycling and reusing water will be essential for companies to manage water as it is a scarce resource. Growing industrialization is expected to require increasing water resources in the coming years. This growth is expected to create new opportunities for the water treatment chemicals market.
Based on type, the corrosion inhibitors is projected to be the fastest growing segment in the water treatment chemicals market.
Corrosion inhibitors is projected to grow at the highest CAGR in the overall water treatment chemicals market, in terms of value. This type of water treatment chemical is used to control or reduce the process of corrosion and prevent degradation of metal surfaces in various equipment. These are utilized in industrial applications to prevent corrosion and degradation of equipment such as boilers and cooling towers. Growing oil & gas industry is expected to support the growth of the market.
Asia Pacific is projected to grow the fastest in the overall water treatment chemicals market during the forecast period.
Asia Pacific is projected to be the fastest growing region for water treatment chemicals between 2022 and 2027. The emerging economies of the region such as China, India, Indonesia, and South Korea are witnessing increasing demand of water treatment chemicals due to rising awareness about the water and wastewater treatment coupled with the rapid industrial and infrastructural development. These factors are expected to support the growth of water treatment chemicals market in the Asia Pacific region. Additionally, the government regulations towards water treatment are increasing the demand of water treatment chemicals in the region.
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