Water Treatment Chemicals Market To Surpass US$ 49.0 Billion By 2027 | Top Vendor BASF S.E., Suez S.A., Kemira OYJ, BWA Water Additives

The global water treatment chemicals market is projected to reach US$ 49.0 Billion by 2027, exhibiting a CAGR of 5.6% during the forecast period. 

Water treatment chemicals market for flocculants and coagulants, defoamer, corrosion inhibitor, and pH booster among others are expected to experience exponential growth owing to the rapid development of industrial sector and urbanization.  Rising demand for wastewater treatment is, in turn, expected to drive demand for water treatment chemicals over the forecast period. However, chemicals such as ferric chloride used in water treatment are highly corrosive in nature, thus requiring special storage equipment and pumping equipment for its usage as coagulant in water treatment.

Water demand versus supply in Saudi Arabia: current and future challenges’ published by International Journal of Water Resources Development in 2014, total water demand in Saudi Arabia for combined domestic, agricultural, and industrial sectors was around 18,000 million m3 in 2010 and it is projected to increase up to 20,000 million m3 by 2030.

Major players: BASF S.E., Suez S.A., Kemira OYJ, BWA Water Additives, Ecolab Inc., Cortec Corporation, DowDuPont Inc., Baker Huges Incorporated, Akzo Nobel N.V., and Solenis LLC.

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Key Trends Fueling Market Growth:

Among product type, coagulants & flocculants segment is expected to be the fastest growing in the global water treatment chemicals market during the forecast period. Coagulants are used in wastewater treatment process for water clarification, solid removal, sludge thickening, solid dewatering, and lime softening.

Coagulants & flocculants are the largest type of water treatment chemicals market which accounted for a share of 26.3% in 2020, in terms of volume. The segment is mainly driven by the increased use of these chemicals in municipal and wastewater treatment in various industries such as power, chemical, and petrochemical, oil & gas, .

Key Takeaways of the Market:

North America accounted for the largest market share of 30.5% in 2018 in the global water treatment chemicals market. Stringent regulations imposed by the government for supply of clean drinking water is expected to propel growth of the water treatment chemicals market.

Major players operating in the global water treatment chemicals market include BASF S.E., Suez S.A., Kemira OYJ, BWA Water Additives, Ecolab Inc., Cortec Corporation, DowDuPont Inc., Baker Huges Incorporated, Akzo Nobel N.V., and Solenis LLC

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Other Related Report:

Water & Wastewater Treatment Chemicals Market Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

https://www.coherentmarketinsights.com/market-insight/water-and-wastewater-treatment-chemicals-market-3270