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India Water Treatment Chemicals Market Size (2024 - 2029)

The India Water Treatment Chemicals Market is projected to experience significant growth over the forecast period, driven by the rising demand for treated water and increased investments in sewage treatment plants. Despite the initial negative impact of the COVID-19 pandemic, the market has been recovering steadily. The power generation sector holds the largest market share, indicating its dominant role in the market's expansion. However, the toxicity of some water treatment chemicals poses a challenge to market growth.

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Market Size of India Water Treatment Chemicals Industry

India Water Treatment Chemicals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 622.38 Million
Market Size (2029) USD 968.02 Million
CAGR (2024 - 2029) > 9.00 %
Market Concentration Low

Major Players

India Water Treatment Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Water Treatment Chemicals Market Analysis

The India Water Treatment Chemicals Market size is estimated at USD 622.38 million in 2024, and is expected to reach USD 968.02 million by 2029, growing at a CAGR of greater than 9% during the forecast period (2024-2029).

The market was negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, various end-user industries, such as petrochemicals, cut their production during the lockdown, considering the decline in demand. However, the market started to recover in 2021 at a steady rate.

  • Over the short term, the increasing demand for treated water is expected to drive the market's growth.
  • However, the toxicity of water treatment chemicals is restraining the demand for water treatment chemicals in the country.
  • The increasing investments in sewage treatment plants are likely to provide a significant growth opportunity to the market studied.
  • Among the applications, the power generation sector accounts for the largest market share and is likely to dominate the market during the forecast period.

India Water Treatment Chemicals Industry Segmentation

Water treatment chemicals are widely used in various end-user industries, such as chemicals (including petrochemicals), power generation, and others. These end-user industries generate wastewater from their facilities as a byproduct, which needs to be treated before reuse or disposal, considering the longer shelf life of the equipment and government regulations to protect the environment. Some of the water treatment chemicals include corrosion inhibitors, biocides, flocculants, and others.

The Indian water treatment chemicals market is segmented by product type and end-user industry. By product type, the market is segmented into biocides and disinfectants, coagulants and flocculants, corrosion and scale inhibitors, defoamers and defoaming agents, pH adjusters and softeners, and other product types (oxygen scavengers, etc.). In the end-user industry, the market is segmented into power generation, oil and gas, chemical manufacturing, mining and mineral processing, municipal, food and beverage, pulp and paper, and other end-user industries (pharmaceuticals, etc.). For each segment, the market sizing and forecasts were made on the basis of value (USD).

Product Type
Biocides and Disinfectants
Coagulants and Flocculants
Corrosion and Scale Inhibitors
Defoamers and Defoaming Agents
pH Adjuster and Softener
Other Product Types
End-user Industry
Power Generation
Oil and Gas
Chemical Manufacturing (including Petrochemicals)
Mining and Mineral Processing
Municipal
Pulp and Paper
Other End-user Industries
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India Water Treatment Chemicals Market Size Summary

The India water treatment chemicals market is poised for significant growth, driven by the increasing demand for treated water across various sectors. The market, which experienced a downturn due to the COVID-19 pandemic, has been on a recovery path since 2021. The power generation sector holds the largest share of the market, utilizing water treatment chemicals to manage industrial wastewater and ensure efficient operation of equipment like boilers and cooling systems. The government's focus on expanding petroleum, chemicals, and petrochemical investment regions, along with rising investments in sewage treatment plants, presents substantial growth opportunities for the market. However, the toxicity of some water treatment chemicals poses a challenge to market expansion.

Key players in the market, such as Nalco Water (Ecolab), Chembond Chemicals Limited, and Thermax Limited, are actively engaging in strategic partnerships and acquisitions to enhance their offerings and meet the growing demand. Innovations in water treatment technologies, including the use of artificial intelligence to optimize treatment processes, are expected to further drive market growth. The Indian chemicals industry, projected to grow significantly, will also contribute to the increased demand for water treatment chemicals. As industrialization, urbanization, and electricity demand continue to rise, the market is expected to experience robust growth in the coming years.

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India Water Treatment Chemicals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand For Treated Water

      2. 1.1.2 Stringent Regulations Around Wastewater Treatment in Industrial Units

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Environmental Concerns of Certain Water-treatment Chemicals

    3. 1.3 Industry Value-chain Analysis

    4. 1.4 Porter Five Forces

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Product Type

      1. 2.1.1 Biocides and Disinfectants

      2. 2.1.2 Coagulants and Flocculants

      3. 2.1.3 Corrosion and Scale Inhibitors

      4. 2.1.4 Defoamers and Defoaming Agents

      5. 2.1.5 pH Adjuster and Softener

      6. 2.1.6 Other Product Types

    2. 2.2 End-user Industry

      1. 2.2.1 Power Generation

      2. 2.2.2 Oil and Gas

      3. 2.2.3 Chemical Manufacturing (including Petrochemicals)

      4. 2.2.4 Mining and Mineral Processing

      5. 2.2.5 Municipal

      6. 2.2.6 Pulp and Paper

      7. 2.2.7 Other End-user Industries

India Water Treatment Chemicals Market Size FAQs

The India Water Treatment Chemicals Market size is expected to reach USD 622.38 million in 2024 and grow at a CAGR of greater than 9% to reach USD 968.02 million by 2029.

In 2024, the India Water Treatment Chemicals Market size is expected to reach USD 622.38 million.

Water Treatment Chemical Market in India Report Snapshots

India Water Treatment Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)