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The Global Water and Wastewater Treatment Chemicals (WWTCs) Market size is estimated to grow by USD 18,937.95 million between 2022 and 2027 accelerating at a compound annual growth rate (CAGR) of 6.41%. The growth of the water treatment chemicals market depends on several factors, including increasing demand for freshwater due to the rise in population, scarcity of water leading to increasing use of water and wastewater treatment chemicals, and stringent water and wastewater regulations.
This water and wastewater treatment chemicals (WWTCs) market research report extensively covers market segmentation by type (coagulants and flocculants, corrosion and scale inhibitors, biocides and disinfectants, pH adjusters and softeners, and others), application (municipality, power generation, pulp and paper, metal and mining, and oil and gas and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The increasing demand for freshwater due to the rise in population is notably driving the water treatment chemicals market. Water and wastewater treatment chemicals now have a wide range of global opportunities due to the ongoing investment in the industry. Global urbanization, population growth, and ongoing economic expansion are the main causes of the rise in freshwater demand. The water supply systems in many urban areas are under stress due to the increase in urbanization. The need for freshwater increases along with population growth and urbanization.
Moreover, the increased use of water in domestic, agricultural, and industrial settings is another factor driving this demand. There has never been a more urgent need for water treatment services and technologies that can effectively meet the rising demand for freshwater. Thus, such factors are expected to increase the demand for water and wastewater treatment chemicals for freshwater, which is expected to fuel the growth of the global water and wastewater treatment chemicals market during the forecast period.
The use of green chemicals in water and wastewater treatments is an emerging trend in water treatment chemicals market growth. Municipalities and power plants among other industries produce wastewater. This makes it possible to recycle wastewater that can be put to good use. Depending on the kinds of contaminants in the water, different processes exist for treating both water and wastewater. Among them are physical, chemical, and biological processes. Large amounts of wastewater are typically treated using these processes.
In the industrial, mining, and other sectors, a variety of chemical-based wastewater treatments are common. These include chlorination, neutralization, coagulation, ion exchange, and adsorption. The oxidation method is used by the majority of these treatments to clean wastewater. The American Institute of Chemical Engineers (AIChE) claims that chlorine-based oxidation is very efficient and popular. However, there are risks to safety and health when using, storing, and transporting chlorine. Because of this, efforts are made to create safer and more efficient oxidation techniques. AIChE emphasizes the use of ozone, hydrogen peroxide, and ultraviolet light as potent oxidizing agents that eliminate undesirable contaminants and disinfect the treated water without the inherent dangers of using chlorine. Sand filters, jet aeration, clarifiers, activated carbon filters, and reactivated carbon are used in WWT plants to treat water and wastewater in an environmentally friendly or green manner. Thus, the abovementioned factors are expected to fuel the growth of the global market during the forecast period.
The impact of untreated wastewater effluent on human beings and the environment is a major challenge impeding market growth. Large amounts of organic matter and nutrients are frequently deposited when untreated effluent from water and wastewater treatment plants is discharged. This seriously impairs the health of the environments in which it is present. Excessive exposure may result in eutrophication and a brief oxygen shortage, which ultimately change the energy balance and water balance and disrupt the biotic community's structure and function. Additionally, the discharge of untreated effluent within these water bodies has an impact on the hydrological and physicochemical environment as a whole, with many micro- and macrofaunae displaying varying physiological tolerance levels.
Due to microbial pathogens and declining ecological parameters, communities close to municipal sewage outfalls and contaminated water sources are at risk of becoming ill. Contaminated water that comes into contact can cause a number of skin and ear conditions. Additionally, untreated effluent discharge frequently leads to an increase in viral, bacterial, and protozoan pathogens, which can lead to waterborne illnesses like giardiasis and gastroenteritis. Some indirect health risks, such as chemical contaminants and disease vectors like malaria-carrying mosquitoes and schistosomiasis-carrying freshwater snails, can also emerge depending on the state of surface water sources. Thus, the abovementioned factors are expected to hinder the growth of the global market during the forecast period.
The coagulants and flocculants segment will contribute a major share of the market. Coagulants and flocculants are used in effluent water treatment processes for solid removal, water clarification, lime softening, sludge thickening, and solids dewatering. The segment showed a gradual increase in market share with USD 12,610.42 million in 2017 and continued to grow until 2021. Impurities are separated using coagulation and flocculation processes. Particles are forced to bind together during coagulation. Flocculation aids in the formation of large, heavy dirt chunks that sink to the bottom and are simple to remove.
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As they are used to remove sedimentary and particulate matter from the contaminated water, this segment lowers the operating cost of the water treatment process. Due to factors like the demand for potable water, an increase in population, and the quick urbanization of developing economies, the coagulants and flocculants market is predicted to expand. Thus, the abovementioned factors are expected to drive the growth of the coagulants and flocculants segment in the global market during the forecast period.
On the global water treatment chemicals market, municipal applications hold the largest market share. End-users like water suppliers and wastewater treatment facilities are included in this segment. In this segment, chemicals used in water and wastewater treatment are used to disinfect the municipal water that is delivered to homes. Municipal effluents are treated with these chemicals, and water bodies are restored. The amount of treated water used in municipal applications is enormous, and chemical demand is constant. In this context, the main goals of water treatment are to get rid of contaminants and make the water suitable for everyday use. The demand for clean, pure water and sludge dewatering in sewage treatment plants is also expected to increase the demand for water and wastewater treatment chemicals for municipal applications. Thus, the abovementioned factors are expected to drive the growth of the municipality segment in the global market during the forecast period.
APAC is estimated to contribute 45% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
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The APAC region has emerged as a key player in the global market. The demand for clean water has increased as a result of the region's growing industrialization, urbanization, and population. The consumption of chemicals for water and wastewater treatment has also increased as a result in the region. The market is driven by the rising demand for clean water from different sectors, including the food and beverage, pharmaceutical, pulp and paper, and power generation industries. Additionally, strict government regulations concerning water pollution have fueled market expansion.
Some of the fastest-growing economies including China and India are present in the APAC region. Chemicals used in water and wastewater treatment are most commonly used in China. Government regulations have become more stringent as a result of the nation's water pollution issue, which has increased the demand for chemicals used in water treatment. India is also a significant player in the APAC market for chemicals used in water and wastewater treatment. To clean up the nation's polluted waterways, the Indian government has launched a number of initiatives, including the Swachh Bharat Abhiyan and the Clean Ganga Mission. As a result, India now has a huge demand for chemicals used in water and wastewater treatment.
APAC continues to be a sparsely populated area with significant growth potential. Vendors are thus entering the market in APAC through partnership agreements or contract wins, especially global players. For instance, the Indian Prime Minister approved an independent institute of Indo-Israel strategic partnership in water to carry out the water mission in September 2021. Numerous international businesses and investors have established their chemical manufacturing facilities in the area due to the region's simple access to raw materials. The adoption of water and wastewater treatment technologies will rise significantly as a result of all these factors in the upcoming years. This will lead to the growth of the regional market during the forecast period.
In 2020, the market witnessed a negative impact due to the outbreak of COVID-19. However, the initiation of large-scale vaccination drives and the resumption of economic activities such as capital goods, labor, manufacturing techniques, or intermediary products combined to produce specific goods or services stabilized the growth of the market in 2021. Moreover, an increase in the number of industrialization, including oil and gas, mining, and other industrial operations, is expected to increase the demand for water and wastewater treatment chemicals which is expected to fuel the growth of the market during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the water treatment chemicals market.
Accepta Ltd. - The key offerings of the company include water and wastewater treatment chemicals for commercial, industrial, and municipal applications.
Albemarle Corp. - The key offerings of the company include water and wastewater treatment chemicals such as Stabrom 909, Maxxis, and Stabrom Plus.
We also have detailed analyses of the market’s competitive landscape and offer information on 15 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The water and wastewater treatment chemicals market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Water And Wastewater Treatment Chemicals (WWTCs) Market Scope |
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Report Coverage |
Details |
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Page number |
184 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.41% |
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Market growth 2023-2027 |
USD 18,937.95 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.88 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 45% |
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Key countries |
US, China, India, Japan, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Accepta Ltd., Akzo Nobel NV, Albemarle Corp., Arkema Group, Buckman Laboratories lnternational Inc., Carus Group Inc., Chembond Chemicals Ltd., Cortec Corp., Danaher Corp., Dow Inc., Hydrite Chemical Co., Ion Exchange India Ltd., Kemira Oyj, Kurita Water Industries Ltd., Lonza Group Ltd., Solenis LLC, Solvay SA, SUEZ SA, Thermax Ltd., and Ecolab Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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