Industrial Water Treatment Chemicals Global Market Report 2024

Industrial water treatment chemicals, including coagulants, flocculants, and pH adjustment chemicals, play a crucial role in wastewater treatment processes. They serve to regulate the pH levels, initiate the coagulation of solids in the wastewater, and eliminate bacteria before the treated wastewater is deemed suitable for consumption or reintroduction into a clean water supply.

Industrial water treatment chemicals are categorized by product type, encompassing antifoams, oxygen scavengers, corrosion inhibitors, biocides and disinfectants, oxidants, pH conditioners, sludge conditioners, scale inhibitors, and other specialized variants. Antifoams, for instance, find application in microbiological fermentation techniques, as well as in preventing foam formation by applying them on filling nozzles suspended above foaming systems in processing vats. The diverse end-users of industrial water treatment chemicals span industries such as oil and gas, power generation, metal and mining, as well as the chemical sector. These chemicals are utilized in a range of applications, including raw water treatment, cooling and boilers, effluent water treatment, and water desalination processes.

The industrial water treatment chemicals market research report is one of a series of new reports that provides industrial water treatment chemicals market statistics, including industrial water treatment chemicals industry global market size, regional shares, competitors with industrial water treatment chemicals market share, detailed industrial water treatment chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the industrial water treatment chemicals industry. This market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The industrial water treatment chemicals market size has grown strongly in recent years. It will grow from $29.53 billion in 2023 to $31.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth observed in the historical period can be attributed to factors such as the heightened focus on water pollution control, the expansion of industrial activities, a growing need for water reuse, an increase in efforts towards scaling and corrosion control, as well as a rise in the utilization of boiler and cooling water treatment methods.

The industrial water treatment chemicals market size is expected to see strong growth in the next few years. It will grow to $39.48 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The projected growth in the forecast period can be attributed to the escalating demand for recycling and reuse of water resources, along with an uptick in regulatory changes. Additionally, factors such as the expanding oil and gas industry, a rising demand from the healthcare and pharmaceutical sectors, and an increased need for desalination solutions are contributing to this growth. Key trends anticipated in the forecast period encompass the adoption of advanced oxidation processes, the implementation of smart water treatment technologies, a focus on reducing chemical usage, advancements in disinfection technologies, and efforts towards microplastics and micropollutants removal from water sources.

The industrial water treatment chemicals market is set for growth, driven by the expansion of industrialization and a thriving automotive sector. Emerging economies like China and India are experiencing rapid industrialization. Additionally, the automotive industry is witnessing significant growth. For instance, data from the India Brand Equity Foundation in November 2021 shows that automobile production in India registered a 2.36% Compound Annual Growth Rate (CAGR) between FY16 and FY20, culminating in the manufacture of 26.36 million vehicles in FY20. Consequently, the upswing in industrialization and the flourishing automotive sector are key drivers for the industrial water treatment chemicals market.

The surge in water scarcity is anticipated to be a significant impetus for the industrial water treatment chemicals market. Water scarcity refers to the insufficient availability of water resources to meet regional demands. Industrial water treatment chemicals play a crucial role in optimizing water reuse and recycling, effectively addressing water scarcity in industrial settings. For example, UNESCO reported in March 2023 that globally, 2 billion people, constituting 26% of the world's population, lack access to clean drinking water. Furthermore, 3.6 billion individuals, accounting for 46% of the global population, do not have access to adequately managed sanitation services. The number of urban residents facing water scarcity is projected to double by 2050. Hence, the mounting issue of water shortages is a significant catalyst for the industrial water treatment chemicals market.

Advancements in technology are a prominent trend in the industrial water treatment chemicals market, particularly concerning innovative wastewater treatment methods. For instance, according to data from the Ministry of Science and Technology in August 2021, The Energy and Resources Institute of New Delhi has developed Advanced Oxidation Technology (TADOX), a technology that reduces the load and dependence on tertiary and biological treatment systems, facilitating the achievement of Zero Liquid Discharge (ZLD).

Leading companies in the industrial water treatment chemicals market are introducing eco-friendly solutions like ZenTreat to contribute to a more sustainable world. ZenTreat encompasses a broad spectrum of water treatment solutions, including those for drinking water, wastewater, power generation, and various other applications. For example, in June 2021, REDA Group, a France-based marketing and distribution company, introduced ZenTreat, a suite of water treatment solutions encompassing drinking water, wastewater, and power generation. This environmentally friendly and cost-effective approach ensures optimized chemical dosing and process efficiency, demonstrating REDA's dedication to environmental preservation.

In December 2021, Ecolab Inc., a US-based food safety company, acquired Purolite for $3.7 billion. This acquisition is expected to bolster Ecolab's position in biopharma and industrial purification solutions, enhancing its capabilities in life sciences and critical industrial markets. Purolite, a US-based chemical manufacturing company, offers a comprehensive range of water softener resins for various industrial water treatment applications.

Major companies operating in the industrial water treatment chemicals market include BWA Water Additives UK Ltd., Dow Chemical Company, Ecolab Inc., Ashland Water Technologies, Kemira Oyj, Solenis LLC, Suez S.A, BASF SE, DuPont de Nemours Inc., Lonza Group Ltd., Buckman Laboratories International Inc., Snf Pvt. Ltd., The Lubrizol Corporation, Chemtrade Co. Ltd., Solvay SA, Advanced Water Solutions, Kurita Water Industries Ltd., Shandong Taihe Water Treatment Technology Co. Ltd., Henan Qingshuiyuan Technology Co. Ltd., Feralco Deutschland GmbH, Aditya Birla Chemicals Ltd., Veolia Environnement SA, Danaher Corporation, Xylem Water Solutions India Private Limited, United Utilities Group PLC, Evoqua Water Technologies Corp., Aquatech Water Treatment Products and Services Ltd., Aqseptence Group Pvt. Ltd., Ovivo Inc., Chemifloc Ltd., Lenntech B.V., Nouryon Chemicals Co. Ltd., USALCO LLC, WesTech Co. Ltd.

Asia-Pacific was the largest region in the industrial water treatment chemicals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial water treatment chemicals market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the industrial water treatment chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The industrial water treatment chemicals market consists of sales of industrial water treatment chemical products such as algaecides and defoamers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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