According to a market research report, "Water Treatment Chemicals Market by Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents), End-Use (Residential, Commercial, Industrial), and Region - Global Forecast to 2026", The global water treatment chemicals market size was valued at USD 39.1 billion in 2021 and is projected to reach USD 61.1 billion by 2026 growing at a CAGR of 9.3% during the forecast period.
Water treatment chemicals are chemical formulations used for the decontamination and purification of water for commercial, municipal, and industrial purposes. The type and degree of water treatment strongly depend on the source of the water and its intended use. Water for domestic use has to be thoroughly disinfected to remove microorganisms before supply to households. On the other hand, industrial water may contain microorganisms, but must be treated to a certain extent to turn the water soft and to prevent scale formation and corrosion.
The primary energy demand of APAC is huge, mainly due to the continuous population growth. Its demand for electricity is projected to grow over 70% till 2035. The energy sector is, therefore, expected to drive the water treatment chemicals market growth in the region. The market in the region is growing at a steady rate due to the growing demand from end-use segments such as municipal water treatment, power generation, chemical, oil & gas, and mining. Urbanization and rising environmental awareness are driving rapid growth in urban water supply and wastewater treatment sectors.
Major players operating in the Water Treatment Chemicals Market include Kemira OYJ (Finland), Ecolab Inc. (US), Lonza (Switzerland), The Dow Chemical Company (US), Baker Hughes (US), BASF SE (Germany), Solenis LLC (US), Akzo Nobel N.V. (Netherlands), Snf Floerger (France), and Suez S.A. (France) among many others.
