Industrial Water Treatment Chemicals Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 22.19 Billion |
| Market Size (2029) | USD 29.75 Billion |
| CAGR (2024 - 2029) | 6.04 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Industrial Water Treatment Chemicals Market Analysis
The Industrial Water Treatment Chemicals Market size is estimated at USD 22.19 billion in 2024, and is expected to reach USD 29.75 billion by 2029, growing at a CAGR of 6.04% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market. It was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
- Over the short term, increasing production of shale gas in the United States and growing production activities in the chemical and paper industry are expected to drive the demand for the industrial water treatment chemicals market during the forecast period.
- Alternatively, alternative water treatment technologies are expected to hinder the studied market's growth.
- However, there is an increasing need for wastewater recycling for reuse and an increasing demand for biocides and disinfectant water treatment chemicals from various end-users.
- Asia-Pacific dominated the global market, with the largest consumption from countries such as China, India, and Japan.
Industrial Water Treatment Chemicals Market Trends
Power Industry to Dominate the Market
- Most power generation plants require water for their day-to-day operations. Nuclear and fossil fuel power plants typically consume nearly 190 billion gallons of water daily. Similarly, geothermal power plants need 2 billion gallons daily for operations. Hydropower plants use water directly to generate power.
- The electric power generation industry is one of the biggest water consumers worldwide. Water in the electric power generation industry is used in many ways, such as steam production for spinning turbines, humidifying airflow into gas turbines, and intercooler air in gas turbine plants. It is also used for steam injection for NOx control, as a heat transfer medium in some nuclear plants, condenser cooling in steam plants, and plant maintenance, including blow-down and hydraulic ash disposal.
- The electric power generation industry is one of the major sources of industrial wastewater. Their wastewater contains toxic metal impurities like lead, mercury, arsenic, chromium, and cadmium. These impurities can cause significant damage to the environment if not treated properly. Therefore, the electric power generation industry needs water treatment chemicals. For instance, according to the Energy Information Administration (EIA), the United States generated 4,243 terawatt-hours of electricity in 2022, which showed an increase of 3.3% compared to 2021. Therefore, an increase in electricity consumption is expected to create an upside demand for the industrial water treatment chemicals market from the country's power industry.
- Moreover, energy consumption in Germany in the first three months of 2023 was almost 7% below last year's due to high prices and a shrunk gross domestic product. For instance, primary energy consumption stood at 3,126 petajoules, a 6.8% reduction compared to the first quarter of 2022. Therefore, the decrease in electricity consumption is expected to affect the market's growth.
- All the factors above support the consumption of industrial water treatment chemicals.
Asia-Pacific to Dominate the Industrial Water Treatment Chemicals Market
- Asia-Pacific dominated the global industrial water treatment chemicals market share.
- China is an emerging economy and is the largest in terms of purchasing power parity and the second-largest economy in terms of nominal GDP in the world.
- The government of the country is promoting economic growth and urbanization. It will increase the demand for improvement in wastewater infrastructure, leading to an increased usage of water treatment chemicals.
- The major end-users are the country's municipal, chemical plants, food and beverages, oil and gas, power generation industry, etc. Moreover, most of the country's population relies on groundwater sources for drinking water, which are either untreated, mostly in rural areas, or improperly treated by municipal water suppliers. Therefore, the need for water treatment chemicals increases. Water treatment chemicals are used in boiler and cooling water treatment in different industries nationwide.
- The oil and gas water treatment chemicals are mainly used to treat wastewater produced as a byproduct during oil and natural gas exploration and downstream petroleum refining processes. For instance, natural gas consumption in China amounted to 33.5 billion cubic meters (bcm) in December 2022, a slight decrease compared to December 2021, when consumption amounted to 34.7 bcm. China's natural gas consumption peaked at 35 bcm during consideration in January 2022.
- Moreover, according to data released by the National Energy Administration, China's electricity consumption, a key indicator of the country's economic health, experienced an increase of 3.6% year-on-year (YoY) in the first quarter (Q1) of 2023. The total power usage in the country reached 2.12 trillion kilowatt-hours during the first quarter of 2023. Therefore, this is expected to create an upside demand for the industrial water treatment chemicals market from the country's power sector.
- Furthermore, according to the India Brand Equity Foundation (IBEF), India is expected to be one of the largest contributors to non-OECD petroleum consumption growth globally. India's consumption of petrol products stood at 183.32 MMT in April-January 2023. High-Speed Diesel was India's most consumed oil product, accounting for 38.84% of petroleum product consumption in 2022.
- In March 2022, the Board of IOCL approved plans to invest USD 932.6 million to develop the City Gas Distribution (CGD) network in India's 9 geographical areas (GAs). Therefore, the expansion of the oil and gas industry in the country is expected to create an upside demand for the industrial water treatment chemicals market.
- India is the third-largest producer and consumer of electricity worldwide, with an installed power capacity of 411.64 GW as of January 31, 2023. Moreover, in January 2023, the Union Cabinet (CCEA) approved an investment of USD 315 million (INR 2,614 crores) for SJVN's 382 MW Sunni Dam Hydro Project. These projects are expected to increase demand for the industrial water treatment chemicals market.
- Therefore, the water treatment chemicals market contains a high growth potential over the forecast period.
Industrial Water Treatment Chemicals Industry Overview
The Industrial Water Treatment Chemicals Market is fragmented in nature. The major players in this market (not in a particular order) include SUEZ, Kemira, Ashland, SNF, Solenis, and DuPont de Nemours, Inc.
Industrial Water Treatment Chemicals Market Leaders
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SUEZ
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Kemira
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DuPont de Nemours, Inc.
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Solenis
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Ecolab
*Disclaimer: Major Players sorted in no particular order
Industrial Water Treatment Chemicals Market News
- March 2023: Solenis, providing water treatment solutions for municipal and industrial water treatment, announced that it agreed to acquire Diversey, a cleaning solutions company primarily for industrial water treatment, for USD 4.6 billion.
- January 2023: Shrieve Chemical Company, one of the leading chemicals distributors, announced that it acquired Chem One. Chem One provides dry chemicals sourced and developed for various industrial applications, including water treatment, micro-nutrients, animal feed, oil and gas, and other industries across North America.
Industrial Water Treatment Chemicals Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Production of Shale Gas in the United States
4.1.2 Growing Production Activities in Chemical and Paper Industry
4.1.3 Other Drivers
4.2 Restraints
4.2.1 Alternative Water Treatment Technologies
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Product Type
5.1.1 Antifoams
5.1.2 Oxygen Scavengers
5.1.3 Corrosion Inhibitors
5.1.4 Biocides and Disinfactants
5.1.5 Oxidants
5.1.6 pH Conditioners
5.1.7 Sludge Conditioners
5.1.8 Scale inhibitors
5.1.9 Other Product Types
5.2 End-user Industry
5.2.1 Oil and Gas
5.2.2 Power
5.2.3 Paper
5.2.4 Metal and mining
5.2.5 Chemical
5.2.6 Other End-user Industries
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Mexico
5.3.1.3 Canada
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 United Arab Emirates
5.3.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 BWA WATER ADDITIVES
6.4.2 Chemifloc LTD
6.4.3 Kemira
6.4.4 Kurita Water Industries Ltd
6.4.5 Lenntech B.V.
6.4.6 Lonza
6.4.7 DuPont de Nemours, Inc.
6.4.8 Ecolab
6.4.9 SNF
6.4.10 Solenis
6.4.11 SUEZ
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Need of Recycling of Waste Water for Reuse
7.2 Other Opportunities
Industrial Water Treatment Chemicals Industry Segmentation
Water treatment is used to optimize most water-based industrial processes, such as heating, cooling, processing, cleaning, and rinsing, to reduce operating costs and risks. Poor water treatment lets water interact with the surfaces of pipes and vessels that contain it. The market is segmented based on product type, end-user, and geography. The market is segmented by product type into antifoams, oxygen scavengers, corrosion inhibitors, biocides and disinfectants, oxidants, pH conditioners, sludge conditioners, scale inhibitors, and other product types. The market is segmented by end-users into oil and gas, power, paper, metal and mining, chemical, and other industries. The report offers market size and forecasts for 16 countries across major regions. For each segment, market sizing and forecasts are based on revenue (USD) for all the above segments.
| Product Type | |
| Antifoams | |
| Oxygen Scavengers | |
| Corrosion Inhibitors | |
| Biocides and Disinfactants | |
| Oxidants | |
| pH Conditioners | |
| Sludge Conditioners | |
| Scale inhibitors | |
| Other Product Types |
| End-user Industry | |
| Oil and Gas | |
| Power | |
| Paper | |
| Metal and mining | |
| Chemical | |
| Other End-user Industries |
| Geography | |||||||
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Industrial Water Treatment Chemicals Market Research FAQs
How big is the Industrial Water Treatment Chemicals Market?
The Industrial Water Treatment Chemicals Market size is expected to reach USD 22.19 billion in 2024 and grow at a CAGR of 6.04% to reach USD 29.75 billion by 2029.
What is the current Industrial Water Treatment Chemicals Market size?
In 2024, the Industrial Water Treatment Chemicals Market size is expected to reach USD 22.19 billion.
Who are the key players in Industrial Water Treatment Chemicals Market?
SUEZ, Kemira, DuPont de Nemours, Inc., Solenis and Ecolab are the major companies operating in the Industrial Water Treatment Chemicals Market.
Which is the fastest growing region in Industrial Water Treatment Chemicals Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Industrial Water Treatment Chemicals Market?
In 2024, the Asia Pacific accounts for the largest market share in Industrial Water Treatment Chemicals Market.
What years does this Industrial Water Treatment Chemicals Market cover, and what was the market size in 2023?
In 2023, the Industrial Water Treatment Chemicals Market size was estimated at USD 20.93 billion. The report covers the Industrial Water Treatment Chemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Water Treatment Chemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chemicals for Industrial Water Treatment Industry Report
Statistics for the 2024 Chemicals for Industrial Water Treatment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chemicals for Industrial Water Treatment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
