According to the latest report by IMARC Group, titled “Water Treatment Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a value of US$ 50.3 Billion in 2020. Water treatment chemicals help in eliminating the impurities from water to make it fit for domestic and industrial usage. These chemicals are widely used in the water treatment process to filter suspended solids, viruses, algae, fungi, minerals, and bacteria present in the water. Algicides, muriatic acid, chlorine, soda ash, and chlorine dioxide are some of the commonly used water treatment chemicals. There are four types of water treatment processes, including water purification, wastewater effluent treatment, cooling water treatment, and boiler water treatment.
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The rising demand for chemically treated water, increasing population, and rapid urbanization are key factors driving the water treatment chemicals market growth. In addition to this, the stringent regulatory policies across the globe and the rising environmental consciousness are providing an impetus to market growth. Moreover, rapid industrialization in developing nations and the rising demand for clean water across the metal and mining, oil and gas, pulp and paper, and chemical processing industries are creating a positive outlook for the market. Looking forward, the market is expected to grow at a CAGR of 5.2% during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- BASF SE
- Ecolab Inc.
- Kemira OYJ
- Solenis LLC
- Akzo Nobel N.V.
- Baker Hughes Incorporated
- The DOW Chemical Company
- Snf Floerger
- Suez S.A.
Key Highlights of the Market Segmentation:
Breakup by Type:
- Coagulants and Flocculants
- Corrosion and Scale Inhibitors
- Biocides and Disinfectants
- Ph Adjusters and Softeners
- Defoaming Agents
Breakup by End-User:
- Oil and Gas
- Food and Beverage
- Pulp and Paper
Breakup by Region:
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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