Meticulous Research®—a leading global market research company, published a research report titled, ‘ Water and Wastewater Treatment Chemicals Market by Type (Corrosion Inhibitors, Coagulants and Flocculants, and Biocides and Disinfectants), Source (Bio-based, Synthetic), End User (Residential, Municipal, and Industrial), and Geography - Global Forecast to 2029’.
The water and wastewater treatment chemicals market is projected to reach $ 52.01 billion by 2029 at a CAGR of 4.7% from 2022 to 2029. The growth of this market is driven by rapid population growth and urbanization, stringent water treatment regulations, regulatory and sustainability mandates concerning the environment, the lack of freshwater resources, and the increasing prevalence of waterborne diseases. However, the high installation, maintenance, and operating costs of wastewater treatment plants restrain the growth of this market. The growing demand for energy-efficient and advanced water treatment technologies is expected to create market growth opportunities. However, the high cost of upgrading and replacing aging water infrastructures is a major challenge for market growth.
The water and wastewater treatment chemicals market is segmented by type, source, end user, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
Based on type, the water and wastewater treatment chemicals market is segmented into corrosion inhibitors, coagulants and flocculants, biocides and disinfectants, scale inhibitors, ph adjusters and softeners, anti-foaming agents, odor removal agents, and others. In 2022, the coagulants and flocculants segment is expected to account for the largest market share of the water and wastewater treatment chemicals market. The major factors attributed to the growth of this segment include the increased use of chemicals in municipal and wastewater treatment in various industries such as power, oil & gas, chemical, and petrochemical. Coagulation and flocculation are mostly used in the tank of chemical products of oil and gas plants. The coagulation process fastens the sedimentation process. The coagulants are in the form of organic and inorganic compounds such as aluminum hydroxide chloride and aluminum sulfate. The reason for adding coagulants is to remove 90% of the suspended solid particles from the wastewater during treatment.
Based on source, the water and wastewater treatment chemicals market is segmented into biobased and synthetic. The biobased segment is expected to account for the largest market share of the water and wastewater treatment chemicals market. The rapid growth of the biobased segment is attributed to the benefits of biobased chemicals. Biobased products provide an alternative to conventional petroleum-derived products and include a diverse range of offerings such as lubricants, detergents, inks, fertilizers, and bioplastics.
Based on end user, the water and wastewater treatment chemicals market is segmented into residential, municipal, and industrial. The municipal segment is expected to account for the largest market share of the water and wastewater treatment chemicals market. The growth of this segment is attributed to the growing focus on improved water quality & public health, the growing number of water treatment projects, especially in Asian countries, and the aging infrastructure in developed countries. Moreover, an increase in environmental concerns and a rise in stringent regulations & legislations regarding wastewater are also key drivers of the municipal water and wastewater treatment market. Governments & regulatory authorities have formulated and implemented various regulations to promote water conservation and reduce water pollution.
Based on geography, the water and wastewater treatment chemicals market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia Pacific is expected to account for the largest market share of the water and wastewater treatment chemicals market. The growth of this market is driven by the region’s rapid population growth and urbanization, rising demand for the advanced treatment of residential water, advances in membrane technology, increased environmental deterioration, limited availability of water resources, and public sector organizations’ increasing investments in water infrastructure.
The key players profiled in the water and wastewater treatment chemicals market study are BASF SE (Germany), Ecolab Inc. (U.S.), Veolia Environnement SA (France), Thermax Limited (India), Kemira Oyj (Finland), The Dow Chemical Company (U.S.), Suez S.A. (France), Kurita Water Industries Ltd. (Japan), Calgon Carbon Corporation (Japan), Albemarle Corporation (U.S.), SNF (France), Organo Corporation (Japan), Chembond Chemicals Limited. (India), and LANXESS Group (Germany), K+S Aktiengesellschaft (Germany).
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