The water and wastewater treatment chemicals market is estimated to be valued at US$ 32,548.27 Mn in 2022 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The water and wastewater treatment chemicals market consists of various chemicals used for potable water treatment and wastewater treatment in various end-use industries such as municipal, oil & gas, pulp & paper, and others. The chemicals are used for disinfection, coagulation & flocculation, corrosion & scale inhibition, and pH adjustment in the treatment process.
Market Dynamics:
Growing global population coupled with rapid urbanization is leading to increasing demand for clean water for both industrial and domestic purposes. According to the United Nations, the global population is expected to reach 9.7 billion by 2050 from the current 7.9 billion. This rising population will require more water for consumption as well as other activities like manufacturing, energy, agriculture, which is expected to drive the demand for water treatment chemicals over the forecast period. Moreover, stringent government regulations regarding discharge of untreated wastewater into water bodies is compelling industries and municipalities to adopt advanced water treatment processes which in turn is boosting the market growth of water treatment chemicals.
Market key trends:
One of the key trends in the water and wastewater treatment chemicals market is the increasing adoption of green chemicals. Conventional water treatment chemicals often have adverse environmental impacts. With growing awareness about sustainability, industries and municipalities are shifting towards eco-friendly alternatives such as biosurfactants, natural biopolymers, and non-hazardous polymers. These green chemicals are biodegradable and leave less environmental footprint. Their usage helps reduce pollution and savescosts associated with disposal of toxic sludge.
SWOT Analysis
Strength: The water and wastewater treatment market has considerable growth opportunities owing to stringent regulations regarding freshwater availability and disposal of waste into waterbodies.
Weakness: High capital requirement for installation and overhaul of water treatment plants poses constraints.
Opportunity: Growing municipal budgets for water infrastructure in developing regions offers scope for market expansion.
Threats: Price fluctuations in key chemical components required for treatment can hamper profit margins.
Key Takeaways
Global Water And Wastewater Treatment Chemicals Market Size is expected to witness high growth, exhibiting CAGR of 4.2% over the forecast period, due to increasing demand for clean water from industrial and municipal segments. Regional analysis
Asia Pacific dominates the global market and is expected to grow at the fastest pace during the forecast period due to rising regulatory focus on water treatment, expansion of industrial sectors, and growing demand from densely populated developing countries like India and China.
The market in countries like India and China is driven by increasing investments into water infrastructure, urbanization and rising economic standards.
Key players
Key players operating in the water and wastewater treatment market are Kemira Oyj, ION EXCHANGE (I) Ltd, Thermax Ltd, BASF-SE, GE Water & Process Technologies, Dorf Ketal, Chembond India Ltd, SNF Group, Vasu Chemicals, E. I. du Pont de Nemours and Company, Shandong Taihe Water Treatment Technologies Co., Ltd., and Shandong XinTai Water Treatment Technology Co., Ltd.
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