Global Water and Wastewater Treatment Chemical Market Size, Share, Growth Analysis, By Product, By Application, By End users - Industry Forecast 2024-2031

Global Water and Wastewater Treatment Chemical Market size was valued at USD 301.75 billion in 2022 and is poised to grow from USD 323.17 billion in 2023 to USD 559.44 billion by 2031, at a CAGR of 7.10% during the forecast period (2024-2031).

The treatment of wastewater has become increasingly necessary due to the growing demand for water supply across various industries such as sugar and ethanol, fertilizers, geothermal power generation, petrochemical manufacturing, and refining. To expedite the wastewater treatment process, industries are incorporating chemicals. The rising adoption of saline water treatment in many countries to meet the escalating water demand is propelling market growth, with desalination emerging as the predominant technology employed in numerous nations. Developing regions, characterized by significant water consumption in industrial sectors like petrochemical and oil and gas, are prominent consumers of industrial chemicals. Desalination, which extensively utilizes coagulants, scale inhibitors, and biocides, is the most prevalent process. The increasing demand for establishing centralized facilities for fluid treatment units, particularly among medium and small-scale manufacturers aiming for complete in-situ processes with zero discharge, is driving the demand for water and wastewater treatment chemicals.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Water and Wastewater Treatment Chemical Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Water and Wastewater Treatment Chemical Market Segmental Analysis

Global Water and Wastewater Treatment Chemical Market is segmented based on the Product, application, end users, and region. By product, the Market is segmented into Coagulants & Flocculants, Biocide & Disinfectant, Defoamer & Defoaming, Agent, pH & Adjuster & Softener, Scale & Corrosion Inhibitor. By application, the market is segmented into Raw Water Treatment, Water Desalination, Cooling, Boiler, Effluent Water Treatment. By end users, the market is segmented into Power, Oil & Gas, Chemical Manufacturing, Mining & Mineral, Processing, Municipal, Food & Beverage, Pulp & Paper. By Region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.

Drivers of the Global Water and Wastewater Treatment Chemical Market

The expansion of diverse end-use industries in developing regions like Asia Pacific and South America is fueling the growth of the water and wastewater treatment chemicals market. Chemical water treatment is preferred over physical methods due to its cost-effectiveness, leading to increased adoption across various industries. Rising awareness about water scarcity, contamination, and the adverse impacts of polluted water is prompting a surge in demand for water treatment solutions. Governments worldwide are enforcing strict regulations to address the environmental consequences of water pollution, which is expected to further stimulate market growth.

Restraints in the Global Water and Wastewater Treatment Chemical Market

Advanced technologies like reverse osmosis (RO), ultrafiltration, and UV disinfection are reducing the reliance on water treatment chemicals, thereby restraining the growth of the water and wastewater treatment chemicals market. Moreover, there is increasing opposition from individuals against the use of chemicals in water treatment, which adds to the challenges in market expansion.

Market Trends of the Global Water and Wastewater Treatment Chemical Market

Customers are increasingly opting for eco-friendly formulations of wastewater treatment due to the hazardous nature of chemical water treatment, thus shaping the future of the market. Recycling and reusing water continue to be crucial aspects of the water and wastewater treatment chemicals industry.