Water and Wastewater Treatment Chemicals Market

Water and Wastewater Treatment Chemicals Market Owing to Stringent Government Regulations and Growing Industrialization

by

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:
Water and wastewater treatment chemicals are essential to purify waterbodies and make them fit for various end-use applications such as industrial, municipal, and domestic consumption. These chemicals are used for purification, sludge treatment, descaling, biocides, and odor control applications. Strict regulations regarding discharge of untreated industrial effluents have resulted in increased adoption of water treatment chemicals across various industries.

Market Dynamics:
The growth of the global water and wastewater treatment chemicals market is driven by stringent government regulations regarding discharge of untreated wastewater and effluents. Major industries such as power, oil & gas, chemicals, mining, pulp & paper, and others employ large quantities of water in their operations and generate significant amounts of wastewater. Stringent norms on discharge of untreated wastewater have compelled industries to adopt advanced water and wastewater treatment technologies that utilize various chemicals. Additionally, rapid urbanization and industrialization in emerging economies have increased the demand for freshwater over the years. This has enhanced the need for development of additional water treatment infrastructure to meet the escalating freshwater requirements. Further, the market is anticipated to gain traction over the forecast period, owing to increasing investments in upgrading existing water infrastructure and expansion of industrial sectors.

SWOT Analysis

Strength: The water and wastewater treatment chemicals market has strong growth potential owing to various drivers like increasing industrial water usage, stringent regulations regarding water usage and disposal, and increasing awareness about water conservation. The market also benefits from substantial R&D investments by key players to develop advanced and eco-friendly treatment solutions.
Weakness: High initial investment costs associated with setting up water and wastewater treatment plants pose a challenge for small scale industries in developing nations. Stringent compliance with environmental regulations also increases operational costs.
Opportunity: Growth opportunities exist in developing nations due to rising industrial activities and improving investment in water infrastructure. Rapid urbanization is also increasing the demand for sustainable water management solutions.
Threats: Volatility in raw material prices affects the overall costs of water treatment chemicals. Substitution threat also exists from emerging low-cost alternatives and technologies. Protectionist trade policies poses another threat to global suppliers.

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 industrial water usage and stringent wastewater discharge norms.

Regional analysis: Asia Pacific currently dominates the global market and is expected to retain its leading position during the forecast period, growing at the fastest pace. This can be attributed to robust industrial development and heavy investments in water infrastructure projects, especially in developing countries like India and China. North America holds a major share as well, due to stringent environmental regulations and availability of advanced treatment solutions.

Key players operating in the water and wastewater treatment chemicals 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. These key players are focused on expanding their product portfolio and geographical footprint through mergers & acquisitions.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Ravina
+ posts

Ravina Pandya,  Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.