The Global Water Treatment Chemicals Market will be worth USD 55.61 Billion by 2028, growing with a 5.8% CAGR over the projected period. The water treatment process removes impurities from water for making it fit for domestic and industrial usage. Water treatment chemical gas also has several features, such as they are safe to process through tested ingredients, are cost-efficient, and can maintain water purity by optimizing performance, reducing cost, and improving yields. These processes help in removing suspended solids, algae, fungi, bacteria, minerals, and viruses that exist in water.
Growing consumption of water around the globe, coupled with government regulations on the TSS level of water will boost the global water treatment chemicals market. Further, rising industrial activities, as well as increasing world population, has led to a high demand for water treatment chemicals across the world. On the other hand, factors such as rising costs of water treatment chemicals and the existence of alternative treatment technologies will hinder the growth of the market.
Water and wastewater treatment chemicals have usage in several applications such as boiler water treatment, cooling water treatment, membrane water treatment, etc. across diverse end-use industries. Among these applications, cooling water treatment has the highest demand in the global water treatment chemicals market. Increased usage of cooling water in manufacturing processes is increasing the demand for water treatment chemicals market.
Global Water Treatment Chemicals Market, by Type
The coagulants & flocculants segment will lead the water treatment chemicals market in terms of value and volume over the forecast period. This segment of the target market will grow at a significant CAGR in terms of revenue between 2016 and 2028. The growing adoption of water treatment chemicals in the municipal water treatment processes like coagulation & flocculation will drive the expansion of the coagulants & flocculants segment.
Global Water Treatment Chemicals Market, by End-Use
The municipal segment will lead the water treatment chemicals industry in terms of volume over the forecast period. Urbanization and increasing growing population around the world are the main factors responsible for the growth of this segment. Furthermore, the rising number of projects tendered and commissioned in several developing economies is going to significantly increase the demand for water treatment chemicals across the municipal end-user segment.
Global Water Treatment Chemicals Market, by Geographical Regions
In terms of the regional landscape, North America held the highest market share. Technological developments in hydraulic fracturing in oil and shale gas in West Texas and North Dakota parts of the North American area have resulted in the need for water treatment services. The upstream oil and gas industry will also have a positive influence on the market during the forecast period.
Key Market Developments
Some Key Findings of the Global Water Treatment Chemicals Market Report Include:
The Type segment of the global water treatment chemicals market includes -
The End-Use segment of the global water treatment chemicals market includes -
The Regional segment of the global water treatment chemicals market includes -
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