Water Treatment Chemicals Market Trends, Growth Rate, Consumption By Regional Data And Forecast 2022-2031

Lauren Brown — September 20, 2022 1:01 pm add comment

The Water Treatment Chemicals Market size in terms of value is projected to witness a CAGR of 5.8% between 2022 and 2031 to reach $33,289 million by 2031. Asia-Pacific accounted for the largest share in water treatment chemicals market in 2022. Major growth in the Asia-Pacific region is expected from the power generation and oil & gas applications.

The World Integrated Trade Solution (WITS) of the World Bank recorded the United States to be the largest exporter of chemicals in the world, amounting for an export value of about USD 345.65 billion, followed by China with USD 158.75 billion worth of exports.

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Furthermore, there is an ever-increasing demand for chemicals that are more environment-friendly, backed with the imposition of stringent government regulations to control pollution on a global level. It is calculated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2022. On the other hand, estimations also show that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. This in turn, is projected to raise the in-flow of investments by market players for the development of new technologies to manufacture products with reduced toxicity.

The growth of the water treatment chemicals market is primarily triggered by the huge demand from the Asia-Pacific region and the growing end-use industries. The demand for water treatment chemicals have increased substantially from emerging economies such as Brazil, China, and India. The increasing stringency of the environmental norms is forcing municipal corporations and industries to explore water treatment solutions which in-turn are boosting the demand for water treatment chemicals.

These regions are further sub-segmented into the following:

  • North America (U.S. & Canada),
  • Latin America (Argentina, Mexico, Brazil, Rest of Latin America),
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe),
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), and the
  • Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

New product launch was the most preferred strategy among the major players in the water treatment chemicals market, globally. Many companies, offering water treatment chemicals, are actively trying to increase their product portfolio and regional presence to expand their market reach. These companies are trying to enter the low-penetrated markets in the developing regions.

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The major players in the water treatment chemicals market are. Nalco-Ecolab Company (U.S.), Kemira (Finland), Ashland Inc. (U.S.), Kurita (Japan), BASF SE (Germany), Air Products and Chemicals Inc. (U.S.), AkzoNobel N.V. (The Netherlands), The Dow Chemical Company (U.S.), BWA Water Additives UK Limited (U.K.), GE Water & Process Technologies (U.S.), Lonza Group Ltd. (Switzerland). These companies registered significant presence among other players in the global water treatment chemicals.

About SDKI :

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count ( SDKI ) provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Lauren Brown
Shibuya Data Count
Email:
 sales@sdki.jp
Tel: + 81 3 45720790

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