The global water treatment chemicals market size was valued at USD 35.36 billion in 2023. The market is anticipated to expand from USD 37.45 billion in 2024 to USD 61.05 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period.
Sodium metabisulfite, ferric chloride, and SHMP are vital chemicals in water treatment, effectively removing impurities such as minerals, microorganisms, and sand to enhance water quality for drinking and industrial processes. The increasing global population and industrial activities propel the need for water treatment chemicals to ensure a safe and sustainable water supply for various applications.
The market faced setbacks during the COVID-19 pandemic with widespread disruptions in supply chains, affecting the timely availability of chemicals essential for water treatment processes.
Fortune Business Insights™ provides this information in its research report, titled “Water Treatment Chemicals Market, 2024-2032”.
Segmentation:
Coagulants & Flocculants Segment Held the Largest Market Share Owing to Particle Agglomeration
By type, the market is segmented into, coagulants & flocculants, disinfectants & biocidal products, scale & corrosion inhibitors, antifoam chemicals, pH conditioners, and other chemicals. The coagulants & flocculants segment captured the largest water treatment chemicals market share in 2023. These chemicals aid in particle agglomeration, causing particles to clump together. This promotes efficient water filtration, making coagulants and flocculants crucial for delivering clean water across diverse applications.
Municipal Segment Dominated owing to Rising Wastewater Generation
By aplication, the market is segmented into municipal and industrial. The municipal segment secured the largest market share in 2023. Increasing wastewater production from residential use in activities such as adventure parks and swimming pools, utilizing municipal water, propels the demand for advanced treatment solutions.
In terms of region, the market is categorized into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.
List of Key Players Mentioned in the Report:
- BASF SE (Germany)
- Ecolab (U.S.)
- Kemira (Finland)
- Kurita Water Industries Ltd. (Japan)
- Air Products and Chemicals, Inc. (U.S.)
- American Water Chemicals, Inc. (U.S.)
- Lenntech B.V. (Netherlands)
- Thermax Limited (Netherlands)
- Hydrite Chemical (U.S.)
- Dow (U.S.)
