According to IMARC Groups latest report, titled Water Treatment Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, The global water treatment chemicals market size reached US$ 36.2 Billion in2022. Looking forward, IMARC Group expects the market to reach US$ 48.5 Billion by2028, exhibiting a growth rate (CAGR) of 54.9% during2023-2028.
What are Water Treatment Chemicals?
Water treatment chemicals are substances employed to cleanse and refine water for a variety of purposes, including drinking, industrial applications, and irrigation. These substances are introduced into water to eliminate impurities, pollutants, and harmful microorganisms, thereby enhancing its quality and safety.
Common water treatment chemicals encompass coagulants, flocculants, disinfectants, pH regulators, and corrosion inhibitors. Coagulants and flocculants aid in the removal of suspended particles and organic materials from the water, while disinfectants like chlorine are utilized to eradicate detrimental bacteria and viruses. The use of water treatment chemicals is indispensable for ensuring the provision of safe and pure water for human consumption and industrial processes.
What are the growth prospects and trends in the water treatment chemicals industry?
The increasing need for water treatment chemicals across various industrial sectors is a significant catalyst for market expansion. Water treatment chemicals play a crucial role in diverse applications such as geothermal power generation, fertilizer production, refining industries, and petrochemical manufacturing, fueling market growth.
Additionally, the growing adoption of saline water treatment methods to address the rising demand for water resources is contributing to the market's expansion. Furthermore, substantial investments in sewage water treatment plants are playing a pivotal role in propelling the global water treatment chemicals market's growth.
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Who are the key players operating in the industry?
The report covers the major market players including:
- BASF SE
- Ecolab Inc.
- Kemira OYJ
- Solenis LLC
- Akzo Nobel N.V.
- Baker Hughes Incorporated
- Lonza
- The DOW Chemical Company
- Snf Floerger
- Suez S.A.
Key Market Segmentation:
The report has segmented the water treatment chemicals market on the basis oftypeandend-user
Breakup by Type:
- Coagulants and Flocculants
- Corrosion and Scale Inhibitors
- Biocides and Disinfectants
- Ph Adjusters and Softeners
- Defoaming Agents
- Others
Breakup by End-User:
- Municipal
- Power
- Oil and Gas
- Mining
- Chemical
- Food and Beverage
- Pulp and Paper
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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