Dublin, Aug. 10, 2021 (GLOBE NEWSWIRE) -- The "Global Water Treatment Chemicals Market by Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents), End-use (Residential, Commercial, Industrial), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global water treatment chemicals market size is projected to grow from USD 39.1 billion in 2021 to USD 61.1 billion by 2026, at a CAGR of 9.3%
Increasing demand for chemically treated water from various end-use segments and stringent regulatory and sustainability mandates concerning the environment is driving the market for water treatment chemicals. However, alternative water treatment technologies are expected to restrain this market.
Rising population and rapid urbanization in emerging economies and an increase in demand for specific formulations are expected to offer significant growth opportunities to manufacturers of water treatment chemicals. The major challenge faced by players is the need for eco-friendly formulations and vulnerability regarding the copying of patents.
In terms of value, the corrosion inhibitors segment is projected to account for the largest share of the water treatment chemicals market, by type, during the forecast period.
Corrosion inhibitors are projected to be the largest type segment in the water treatment chemicals market. The use of poor quality water in cooling systems and increased water recycling will boost the market for corrosion inhibitors during the forecast period. In addition, the increasing demand from the oil & gas industry will propel the market for this type of water treatment chemicals.
Industrial is projected to register the highest CAGR during the forecast period.
The demand for water treatment in the industrial sector is increasing due to rapid industrialization in developing countries and substantial growth in several key markets. Every industry consumes water for a variety of applications in include metal & mining, chemical processing, food & beverage, oil & gas, paper & pulp, and power generation that require water treatment chemicals to treat the usage of essential water.
The APAC region leads the water treatment chemicals market in terms of value.
APAC is the fastest-growing region for the water treatment chemicals market. The growth in demand for water treatment chemicals in the region can be largely attributed to factors such as high population, increasing industrial growth, and stringent environmental norms. Moreover, the rising number of end-use industries in the region is also leading to innovations and developments in the field of water treatment chemicals, thereby fueling the growth of the APAC water treatment chemicals market.
Major players operating in the global water treatment chemicals market include BASF SE (Germany), Ecolab Inc. (US), Solenis LLC (US), Akzo Nobel N.V. (Netherlands), Kemira OYJ (Finland), Baker Hughes (US), Lonza (Switzerland), The Dow Chemical Company (US), Snf Floerger (France), and Suez S.A. (France).
Premium Insights
- Emerging Economies to Offer Attractive Opportunities in the Water Treatment Chemicals Market During the Forecast Period
- China and Industrial Segment Accounted for Largest Shares
- Coagulants & Flocculants to Lead the Water Treatment Chemicals Market During the Forecast Period
- Water Treatment Chemicals Market in China to Grow at the Highest CAGR from 2021 to 2026
Market Overview
Drivers
- Increasing Demand for Chemically Treated Water in Various End-Use Segments
- Stringent Regulatory and Sustainability Mandates Concerning the Environment
Restraints
- Alternative Water Treatment Technologies
Opportunities
- Rising Population and Rapid Urbanization in Emerging Economies
- Increase in the Demand for Specific Formulations
Challenges
- Need for Eco-Friendly Formulations and Vulnerability Regarding Copying of Patents
Porter's Five Forces Analysis
Value Chain Analysis
- Raw Material Suppliers
- Manufacturers
- Distributors
- End-users
Impact of COVID-19 on Water Treatment Chemicals Market
Impact on Applications and End-Use Industries
- Municipal
- Industrial
- Residential
- Commercial
Average Pricing Analysis, by Product Type
Case Study Analysis
- Case Study by Thermax Global
- Fluoride Removal Using Tulsion Tfr-93
- Tulsion Resins for Ultra-Pure Water in Solar Cell Manufacturing
Tariff Policies & Regulations
- North America
- Clean Water Act (Cwa)
- Safe Drinking Water Act (Sdwa)
- Europe
- The Urban Wastewater Treatment Directive (1991)
- The Drinking Water Directive (1998)
- The Water Framework Directive (2000)
- Asia (China)
- Environmental Protection Law (Epl)
- The Water Resources Law
- Water Pollution Prevention & Control Law (Wpl)
Water Treatment Chemicals Patent Analysis
- Document Type
- Insights
- Top Companies/Applicants
- List of Patents by Ecolab Usa Inc.
- List of Patents by Akzonobel
- List of Patents by BASF SE
- List of Patents by Halliburton Energy Services Inc.
- List of Patents by Kurita Water Industries Ltd.
- Top 20 Patent Owners (Us) in Last 10 Years
Company Profiles
- BASF SE
- Ecolab Inc.
- Kemira OYJ
- Akzo Nobel N.V.
- The Dow Chemical Company
- Baker Hughes Incorporated
- Lonza
- Solenis LLC
- SNF Floerger
- Suez S.A.
Start-Ups
- Aries Chemical, Inc.
- Bauminas Quimica Ltda.
- Buckman Laboratories, Inc.
- Bwa Water Additives UK Limited
- Cortec Corporation
- Dorf Ketal Chemicals
- Evoqua Water Technologies Corporation
- Feralco Ab
- Geo Specialty Chemicals Inc.
- Hydrite Chemical Co.
- Innospec Inc.
- Ixom Operations Pty Ltd.
- Kurita Water Industries Ltd.
- Mcc Chemicals, Inc.
- Pentair plc.
- Roemex Limited
- Thermax Ltd.
- Xylem, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/52tsnc
