Water Treatment Chemicals Market Growth Analysis | 2021-2026

Market Insights

“The water treatment chemicals market was estimated at USD 26.33 billion in 2020 and is likely to grow at a CAGR of 5.5% during 2021-2026 to reach USD 35.2 billion in 2026.”

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Market Dynamics

Introduction

Water treatment is a process that is used to improve water quality, making it appropriate for various purposes such as drinking and industrial applications. Treating water means removing its contamination or at least reducing its concentration to make it usable. Numerous varieties of chemicals are used for this purpose.

COVID-19 Impact

The water treatment chemicals market logged a colossal decline of more than -14% in 2020. The market was hit adversely by the pandemic, majorly because of a decline in the tourism industry in the wake of complete restrictions on traveling. Furthermore, various industries, such as petrochemicals, had cut their production during the lockdown period, aggravating the overall demand. However, the industry stakeholders are expecting healthy market recoveries in the near years, assisting them to quickly resuscitate the market losses during the pandemic.

Market Drivers

Water treatment has a wide range of applications in wastewater, industrial water, and portable water. Its market in North America and Asia-Pacific is already well established attributed to increased awareness regarding the quality of water. Also, both regions are among the prominent users of industrial chemicals.

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Key Players

The market for water treatment chemicals is gradually consolidating with major companies performing mergers & acquisitions to quickly gain the leading position and tap the growing opportunities in this briskly expanding market.

The following are the key players in the water treatment chemicals market (arranged alphabetically).

• Buckman
• Kemira Oyj
• Kurita Water Industries Ltd
• Nalco-Ecolab Company
• Nouryon
• SNF Group
• Solenis
• SUEZ
• The Dow Chemical Company
• Veolia Water

Note: The above list does not necessarily include all the top players in the market.

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The development of effective Chemicals for critical applications, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Segments Analysis

By Type

“The corrosion inhibitor dominates the market during the forecast period.”

For ease of analysis, the water treatment chemicals market is segmented into types, namely chemical type, end-user type, and region type. Based on the chemical type, the water treatment market is segmented as corrosion inhibitors, coagulants, flocculants, PH adjusters, biocides, disinfectants, scale inhibitors, and others. Despite being hit adversely in 2020, the corrosion inhibitor is expected to remain the largest and the fastest-growing chemical type in the market during the forecast period. They are mainly used for industrial water treatment.

By End-User Type

“Municipal dominates the market during the forecast period.”

The market is segmented into Paper & Pulp, Power Generation, Metals & Mining, Refining, Wastewater, Municipal, and others. Municipal is expected to remain the biggest demand generator for these chemicals during the forecast period. 

The power generation industry is one of the major sources of industrial wastewater, which contains substantial levels of toxic metal impurities such as lead, mercury, arsenic, and chromium. These impurities can cause harm to the environment if not treated properly. Thus, the power generation industry needs water treatment chemicals in a significant amount, creating a decent market for the same.

Regional Insights

“The Asia-Pacific region dominates the market during the forecast period.”

In terms of regions, Europe and North America are well-established markets for water treatment chemicals. However, Asia-Pacific is expected to emerge as the largest as well as the fastest-growing market for water treatment chemicals during the forecast period. This was mainly due to the growing population coupled with the increasing demand for clean and fresh water for human and industrial needs.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s water treatment chemical market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in our water treatment chemical market report from the industry stakeholders, we have tried to further accentuate our research scope to the water treatment chemical market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The water treatment chemicals market is segmented into the following categories:

By Chemical Type

• Corrosion Inhibitors
• Coagulants
• Flocculants
• PH Adjusters
• Biocides
• Scale Inhibitors
• Others

By Salt Type

• Aluminium
• Iron

By End-User Type

• Paper & Pulp
• Power Generation
• Metals & Mining
• Refining
• Wastewater
• Municipal
• Others

By Application Type

• Wastewater Treatment
• Portable Water Treatment
• Industrial Water treatment

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Market Segmentation

• Current market segmentation of any one of the types by end-user type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.