According to Future Market Insights (FMI), the global water and wastewater treatment chemical market is set for significant growth, expected to rise from USD 38,588.9 million in 2024 to USD 60,541.2 million by 2034. This market expansion, projected at a CAGR of 4.6%, underscores the increasing demand for effective water treatment solutions driven by heightened environmental regulations, urbanization, and the critical need to ensure clean water supplies. The anticipated growth reflects the industry’s response to escalating water contamination issues and the necessity for sustainable wastewater management practices worldwide.
As industries expand and populations grow, the demand for clean water escalates, propelling market growth. Increasing urbanization, industrialization, and environmental concerns drive the need for effective water treatment solutions. Strict regulatory standards for water quality further boost market expansion as industries strive for compliance.
Concerns over waterborne contaminants and health risks further fuel the demand for water treatment chemicals across several end-user industries. Manufacturers prioritize chemicals that ensure compliance with stringent water quality standards and regulations to meet the growing need for safe drinking water and industrial processes.
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The water and wastewater treatment chemical market is crucial for supplying substances for purifying water across diverse industries and applications. It encompasses a range of chemical products tailored to address specific challenges in water treatment, including coagulant & flocculant, biocide, corrosion & scale inhibitors, defoamers, and pH adjusters.
Key Takeaways from the Report
- The global water and wastewater treatment chemical market is projected to thrive at 4.6% CAGR through 2034.
- By product type, the coagulant & flocculant chemicals segment is expected to witness a CAGR of 4.1% through 2034.
- By end-user, the municipal segment is set to hold a market share of 17.5% in 2024.
- North America is expected to account for a significant share of around 25.4% in 2034.
- The United States industry value is anticipated to reach US$ 11,200.1 million by 2034.
“The development of zero water discharge plants is emerging as a significant trend in the water and wastewater treatment chemical market. As industries strive for sustainability and environmental responsibility, these plants offer a solution to minimize water usage and discharge, thereby reducing environmental impact and meeting regulatory requirements, which drives market growth.” – says an Analyst at Future Market Insights, Inc.).
Competitive Landscape
The global water and wastewater treatment chemical market is fragmented, with leading players accounting for 40% to 45% of the share. Akzo Nobel N.V., Baker Hughes Inc., BASF SE, Dow Inc., Eco Lab Inc., and Italmatch Chemicals S.p.A are the leading manufacturers of water and wastewater treatment chemicals profiled in the full version of the report.
Key players are focusing on expanding domestic production and technology areas of water and wastewater treatment chemicals to provide cost-efficient solutions to consumers. They are also investing in developing new products and further innovating existing ones to meet end-user demand.
Recent Developments-
- In 2023, Solenis acquired CedarChem LLC, bolstering its water and wastewater treatment product offerings in the southeastern United States.
- In 2023, Kemira expanded its ferric sulfate production line in Goole, United Kingdom, by 70,000 tons to address increasing coagulant demand due to stricter wastewater treatment regulations.
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More Insights into the Water and Wastewater Treatment Chemicals Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global water and wastewater treatment chemical market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034.
To understand the global market potential, growth, and scope, the market is segmented based on product type (coagulant & flocculant, biocide, corrosion & scale inhibitor, defoamer, pH adjuster, others [chelating agent, oxygen scavenger]) application (cooling water, boiler water, membrane water, municipal water, others) end-user (oil & gas, power, mining, pulp & paper, chemical & fertilizer, pharmaceutical, municipal, textile, food & beverages, others) and region.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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