The water treatment chemicals industry is expected to grow from $ 42.62 billion in 2020 to $ 56.19 billion by 2025, with a 6.1% annual compound rate from 2020 to 2025. Water is an essential part of our lives. Daily and pure water is crucial to the well-being of our community. Water is a universal solvent, but solids like clay, fine sand, dust, and oxide are not soluble in water. They remain undissolved in the water, causing turbidity, and are technically known as Total Suspended Solids (TSS). Water treatment is performed to reduce TSS levels according to end-user requirements, and therefore differs based on TSS level, location, and application. The chemical industry for water treatment includes various chemicals used in water treatment processes. Municipal water is the key segment for chemicals for water treatment, as its mandate in this industry is to protect humans from health risks.
Market drivers and restraints:
The rising call for chemically treated water from different end-use businesses is predicted to drive the expansion of the chemical water treatment industry worldwide throughout the foreseen period. Increased water consumption worldwide, coupled with stringent government regulations on the level of TSS in water, is driving the global industry of water treatment chemicals. In addition, the intensification of industrial activities and the expansion of the world population are stimulating the industry of chemicals for water treatment throughout the world. However, factors such as rising prices for water treatment chemicals and the presence of other treatment technologies are expected to hamper the expansion of the industry. Intensifying environmental and climate concerns, world population growth, and aging infrastructure are factors that are expected to drive the water treatment chemical industry during the forecast period. The growing need for green chemical formulations and the proliferation of patent copies are the main challenges for the expansion of the industry of chemicals for water treatment. Due to growing concerns about water pollution in developing countries, the need for water treatment has increased more than ever. Thus, developing countries provide actors in the water treatment chemicals industry with enormous leeway to respond to the growing demand for water treatment solutions.
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Report segmented as:
• power generation
• pulp & paper
• metal & mining
• food & beverages
• oil & gas
The North American region is predicted to be the biggest chemical water treatment industry throughout the foreseen period. The large industrial base, the high disposable income of the masses and their high standard of living are the factors that are expected to drive the expansion of the North American water treatment chemicals industry between 2017 and 2022. It is expected that the Asia-Pacific water treatment chemicals industry experiences the greatest expansion during the forecast period, in terms of volume, due to the increased standard of living of the masses in the region which has resulted in an increasing demand for quality drinking water. In addition, various government initiatives and policies aimed at attracting investments from various international companies are also expected to drive the expansion of the water treatment chemicals industry in Asia and the Pacific during the forecast period.
Important market players:
Major players identified in global water and wastewater treatment chemicals market are Kemira Oyj, GE Water & Process Technologies, BASF-SE, Ion Exchange (I) Pvt. Ltd., Thermax Ltd., Dorf Ketal, SNF Floerger, Chembond India Ltd. and Vasu Chemicals.
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The Scope of the report:
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