Water Treatment Chemicals Market Is Anticipated To Witness High Growth Owing To Increasing Demand From Power Generation Industry
Water Treatment Chemicals Market Is Anticipated To Witness High Growth Owing To Increasing Demand From Power Generation Industry
Water treatment chemicals are widely used for the purification and improvement of qualities of water. They help to remove contaminants, suspended solids, bacteria and other microorganisms present in raw water. Water treatment chemicals find applications in several industrial end-use sectors such as power, oil & gas, chemical processing, mining, and municipal drinking water treatment.

 The rising demand for clean water from various end-use industries is a key factor fuelling the demand for water treatment chemicals.

The global water treatment chemicals market is estimated to be valued at US$ 46.7 Bn in 2024 and is expected to exhibit a CAGR of 7.6% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the water treatment chemicals market are Sisecam Group, Bormioli Rocco SpA, Wuerttembergische Metallwarenfabrik AG (WMF), Libbey, Inc., ARC International, Anchor Hocking, and Lenox Corporation. These players are focusing on geographical expansion and acquisitions to enhance their market share.

The rising demand for clean water from industries such as power generation, oil & gas, and municipal use is creating lucrative opportunities for players in the market. Additionally, stringent regulations regarding waste water disposal are positively impacting the market. Further, growing industrialization in emerging economies of Asia Pacific and Central & South America are expected to drive the adoption of water treatment chemicals.

Key global players in the market are undertaking strategic initiatives such as merger and acquisitions to capture high growth markets. For instance, Sisecam Group acquired various glassware companies in Europe and the US to expand globally. Additionally, Bormioli Rocco has enhanced its presence in South America by opening new production plants in Brazil and Chile.

Market Drivers
the growing Power Generation industry: Rapid industrialization and urbanization have led to a rise in demand for electricity. This is augmenting the power generation industry which is one of the largest end-users of water treatment chemicals. Thermal power plants require significant amounts of treated water for their operations.

Market Restrains
Stringent Environmental Regulations: Stringent regulations regarding the disposal of produced wastewater is a key challenge for players in the market. This increases compliance costs. Additionally, volatile raw material prices can negatively impact the margins for manufacturers.


Segment Analysis
The Water Treatment Chemicals Market Size is divided into various segments based on type and end-use industries. The type segment is further categorized into coagulants & flocculants, pH adjusters & softeners, biocides & disinfectants, scale inhibitors & corrosion inhibitors and others. Among these, the coagulants & flocculants segment dominates the market currently due to its extensive use in removing suspended solids from wastewater during processing before discharge. The chemical treatment helps reduce the turbidity and clarifies the water.

Global Analysis
Regionally, Asia Pacific region is growing at the fastest rate in the water treatment chemicals market owing to increasing industrialization and rising demand for clean water from various end-use industries like power generation, chemical processing, mining etc. China, India and other developing economies are contributing majorly to market growth. Stringent regulations regarding discharge of industrial wastewater along with growing concerns over freshwater shortage is driving immense opportunities in countries like India, Indonesia, Vietnam and others. North America and Europe currently dominates the global market share due to established industries and developed wastewater treatment facilities. However regulations in these regions are becoming more stringent regarding zero liquid discharge which is opening up new revenue pockets.

Get more insights on this topic:https://www.ukwebwire.com/water-treatment-chemicals-market-size-and-share-analysis-growth-trends-and-forecasts/

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