Water Treatment Chemicals Market: Segmented: By Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents), By End user (Residential, Commercial, Industrial), By Application (Municipal Water Treatment Plant, Chemical Processing, Power Generation and others), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
[ 170 + Pages Research Report ] Water Treatment Chemicals Market to surpass USD XX billion by 2031 from USD XX billion in 2021 at a CAGR of XX% in the coming years, i.e., 2021-2031.
Water treatment chemicals are special chemicals that are used to treat polluted water found from various end-use industries including residential, commercial, and industrial sectors. They are used to remove pathogens and harmful particles such as algae, heavy metals, minerals, deadly bacteria, and viruses. These chemicals retain value by maintaining the pH balance of water. Rising awareness toward pure and safe water along with the stringent regulations toward wastewater processing are driving the market for water treatment chemicals.
Global Water Treatment Chemicals market is expected to project a notable CAGR of XX% in 2031.
Wastewater treatment chemicals are universally used in oil and gas, chemical manufacturing, and power generation. Power plants need a large amount of water to manage ash that is created by generating power. They required water to cool down the machinery used to generate power. With a sink in freshwater resources, the requirement for these chemicals remains high over the forecasted period.
Coagulants & Flocculants segment to grow with the highest CAGR during 2021-31
Based on type, the global Water Treatment Chemicals Market is fragmented into Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents. Coagulants are classified into two types that are organic coagulants and inorganic coagulants. Flocculants are classified into four types that are anionic, cationic, non-ionic, and amphoteric. Coagulants and flocculants are universally used for municipal and wastewater treatment in various industries such as power, oil & gas, chemical, and petrochemical. Due to their ability to remove contaminants, such as heavy metals, phosphate, and oil, Coagulants & Flocculants segment is expected to be the largest market share in the forecasted period.
Municipal Water Treatment Plant segment to grow with the highest CAGR during 2021-2031
Global Water Treatment Chemicals market is classified based on application into Municipal Water Treatment Plant, Chemical Processing, Power Generation, and others. The Municipal Water Treatment Plant segment is expected to continue during the forecast period, owing to an increase in municipal waste worldwide due to the growing global population, this has led to higher consumption of water treatment chemicals for municipal water treatment purposes. Furthermore, many national governments are concerned about the fresh drinking water supply.
Rising demand for chemically treated water in various end-use segments
One of the major factors driving the Water Treatment Chemicals market is the rising population, which is being accompanied by an increase in demand for high-quality freshwater supply. Furthermore, desalination has rolled up a speed rapidly in countries with limited freshwater reservoirs. In desalination seawater or undrinkable water into potable or freshwater, hence it needs a large amount of water treatment chemicals, driving the demand for freshwater, boosting the market growth.
Growing Concern for Waterborne Diseases
The industrial plants and power plants discharge overflowing untreated water and pollution level in water bodies has increased significantly. Due to this water in freshwater resources is polluted with high levels of toxic chemicals, making it harmful for human consumption. Water treatment is necessary to prevent the spread of different waterborne diseases.
Alternative water treatment technologies
Physical water treatment technologies, such as UV disinfection and RO filtration commonly used in the water treatment industry. Due to growing environmental concerns and strict government regulations, the water treatment chemicals market is slowly moving toward these sustainable options.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Water Treatment Chemicals market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia-Pacific is expected to dominate the market during the forecast period. The rising demand for water treatment chemicals in the region can be greatly attributed to reasons such as increasing population and industrial growth with stringent environmental norms, resultantly fueling the growth of the APAC water treatment chemicals market.
COVID-19 has hurt the Water Treatment Chemicals market, due to the ongoing pandemic, the chemical industry has been severely affected throughout the world. Manpower shortage, logistical restrictions, and delay in the supply of raw materials restrain the growth of the industry considerably.
Global Water Treatment Chemicals is further segmented by region into:
Water Treatment Chemicals Segments:
|The market size value in 2021||USD xx billion|
|The revenue forecast in 2031||USD xx billion|
|Growth Rate||CAGR of xx% from 2021 to 2031|
|The base year for estimation||2020|
|Quantitative units||Revenue in USD million and CAGR from 2021 to 2030|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, End-user, Application, and Region|
|Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Key companies profiled||Akzo Nobel N.V., Baker Hughes Company, Basf Se, Ecolab, Kemira Oyj, Lonza Group Ag, Snf Floerger, Solenis International Llc, Suez Sa, The Dow Chemical Company, and Other Prominent Players|
Water Treatment Chemicals Market size was estimated at USD XX in 2021 and is expected to reach USD XX by 2031.
Key players are Akzo Nobel N.V., Baker Hughes Company, Basf Se, Ecolab, Kemira Oyj, Lonza Group Ag, Snf Floerger, Solenis International Llc, Suez Sa, The Dow Chemical Company, and Other Prominent Players.
Coagulants & Flocculants segment and Municipal Water Treatment Plant segment is anticipated to hold the Impact of COVID-19 on Water Treatment Chemicals Market
Drivers: Rising demand for chemically treated water in various end-use segments and Growing Concern for Waterborne Diseases
Water treatment chemicals are special chemicals that are used to treat polluted water found from various end-use industries including residential, commercial, and industrial sectors. They are used to remove pathogens and harmful particles such as algae, heavy metals, minerals, deadly bacteria, and viruses
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