Browse 81 market data Tables and 30 Figures spread through 147 Pages and in-depth TOC on "Water Treatment Chemicals Market"Water Treatment Chemicals Market by Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, and Biocides & Disinfectants), End User (Municipal, Power, Oil & Gas, and Mining), Region
Water Treatment Chemicals Market is projected to reach USD 75.8 billion by 2027, at a CAGR of 6.0% during the forecast period. Growth of WTCs is mainly due to rising GDP, growing population, public awareness, wastewater reuse, improved economic conditions, new discoveries in oil & gas industry, and increasing expansions & other development strategies in the region. Contributions of various water quality associations and companies toward research & development and enhancement of properties of water treatment chemicals such as biodegradability, efficiency, are also some of the drivers for water treatment chemicals.
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Based on type, biocides & disinfectants segment is projected to be a larger segment of the market
Based on type, biocides & disinfectants segment is projected to be a larger among others in the water treatment chemicals market during the forecast period, in terms of value. It is widely used as water treatment chemicals in the municipal and power applications. Owing to the increasing demand for chemicals in municipal sectors and stringent government regulations towards water usage for public health drives the demand of biocides & disinfectants.
The municipal end user of the market is projected to the largest segment of the market, in terms of value
The municipal segment is expected to be the largest segment of the water treatment chemicals market during the forecast period. As the population rises globally, the demand for treated water also increases. The consumption for both municipal and industrial purposes is increasing rapidly, as there is a shortage of water resources. Municipalities treat water to meet stringent government regulations. The main function performed by water treatment chemicals in municipal water treatment are coagulation and flocculation, anti-foaming, chelation, and disinfection processes. Water treatment chemicals with a wide variety of properties are used at different stages and operating conditions in the municipal water treatment to mitigate impurities in the water. Increased use in the municipal water treatment in the next five years is expected to further drive the water treatment chemicals market.
The North America water treatment chemicals market is projected to the largest segment of the market till 2027, in terms of value.
The North America water treatment chemicals market is the largest market for water treatment chemicals during forecast period. Owing to the large industrial base and high living standard of population which requires high quality of drinking water. In addition to this, stringent regulatory and sustainable mandates concerning the environment also drives the water treatment chemicals market in the region.
Some of the key players in the water treatment chemicals market are BASF SE (Germany), Ecolab Inc. (US), Solenis LLC (U.S.), Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (U.S), and Kemira OYJ (Finland). Expansion was the major growth strategies adopted by the market players to cater to the demand for water treatment chemicals in emerging economies.
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