Water Treatment Chemicals Market size was valued at USD 32.14 billion in 2022 and is poised to grow from USD 33.20 billion in 2023 to USD 43.05 billion by 2031, growing at a CAGR of 3.30% during the forecast period (2024-2031).
The water treatment chemical market is witnessing immense surge due to the rising demand for sugar, ethanol, fertilizers, geothermal energy production, and petrochemical manufacturing. This increasing in demand is primarily seen in the developing economies due to the rise in population. The growing requirement for water in these regions is also augmenting its demand as saline water treatment is used for cleaning. The most frequently used technology to clean water is desalination. This technology uses coagulants, scale inhibitors, and biocides for cleaning. The prominent trend that is dominating the market is the rising demand for developing a centralized institute for fluid treatment units. These facilities must be developed for medium and small-scale manufacturers to accomplish complete in-situ processes to gain zero discharge. The water chemical that are used for treating water are sodium meta bisulphite, ferric choloride, and sodium hex metaphosphate. Several water treatment methods for eradicating substances like viruses, minerals, sand, and bacteria are utilized in the chemical sector by both physical and chemical processes. The global water treatment chemicals market is driven by the increasing demand for water due to rise in population and economic development.
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Top Player’s Company Profiles in Water Treatment Chemicals Market
Growing Urbanization and Population in Emerging Economies to Provide Beneficial Market Opportunities
The requirement for municipal water has increased significantly due to urbanization and growth of population. It is important that municipalities treat water to ensure its safety for consumption and water treatment chemicals are an important part of it. The growing urban areas are also responsible for high level of industrial and domestic wastewater, requiring advanced water treatment solutions. In most cases, urbanization means surge in population and increase in water consumption for different purposes like domestic use, commercial activities, and public services. As the cities are expanding, the demand for sustainability and safety for the population is also increasing. It is crucial that municipalities provide clean and safe drinking water to the residents. Water treatment chemicals are crucial components for treating municipal water, helping to mitigate contaminants and pathogens from the water supply. Therefore, urbanization and population are creating a heightened demand for water treatment chemicals to efficiently manage wastewater and address environmental and public health issues.
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Segments covered in Water Treatment Chemicals Market are as follows:
Rising Demand for Chemically Treated Water in End-Use Industries Aid Market Growth
With the expansion of industries, the consumption of water is also increasing. Industries like manufacturing, power generation, and chemical processing need significant amounts of water for their operations. Efficient water treatment chemicals have become crucial for maintaining water quality, minimizing pollutants, and meeting environmental standards. Furthermore, increasing awareness of water scarcity issues also encourages industries to adopt sustainable water management practices. Water treatment chemicals help in recycling and reuse of water, minimizing overall water consumption and reducing environmental impact. Developing countries like China, India, Japan, Mexico, and Brazil have increased industrialization and urbanization leading to a surge in the demand for water chemicals. These countries are massively investing in water facilities and treatment solutions to reduce the water quality difficulties related to rapid economic development.
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Incorporation of Strict Environmental Regulations to Reduce Pollution Levels in Wastewater Progressing the Market
The strict environmental laws focus on minimizing and preventing pollutions. Organizations must apply policies to decrease the amount of pollution and toxins that are leaked into the waterways. Chemicals that are utilized in water treatments are vital for reducing the pollution levels in wastewater and ensure the water discharged meets the regulations. To efficiently remove or neutralize pollutants, water treatment chemicals are in high demand due to the recent emphasis on pollution prevention and reduction. The demand for decreasing harmful chemicals and substituting it with safer ones are also increasing. This involves developing chemicals for water treatment that are non-toxic, biodegradable, and ecologically friendly. Stricter regulations are pushing the industry towards eco-friendly solutions, which gives rise to innovation and growth in the water treatment sector.
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