April 17, 2024
Water And Wastewater Treatment Chemicals Market

Water and Wastewater Treatment Chemicals Market to Witness Robust Growth owing to Increasing Regulations Regarding Water Quality

The global water and wastewater treatment chemicals market represents a conglomeration of different chemicals that are used during potable water purification and effluent treatment processes. These chemicals aid in processes like coagulation & flocculation, disinfection, sludge treatment, pH control, and water softening. Rising regulations regarding the discharge of treated effluents and access to clean drinking water have prompted utilities to optimize treatment procedures, driving demand for specialized chemicals. Additionally, water scarcity issues have heightened the need for effective treatment and reuse of wastewater.

The Global water and wastewater treatment chemicals market is estimated to be valued at US$ 40711.39 Bn in 2024 and is expected to exhibit a CAGR of 36% over the forecast period 2024-2031.

Key Takeaways

Key Players: Key players operating in the Water And Wastewater Treatment Chemicals Market Share are Honeywell International, Hamamatsu Photonics K.K., Daylight Solutions, Cascade Technologies, M Squared Lasers Limited, Teledyne FLIR LLC, IPG Photonics Corporation, Changchun New Industries Optoelectronics Tech. Co., Ltd.

Key Opportunities: Growth opportunities in wastewater treatment lie with chemicals assisting in advanced treatment technologies. Water reclamation provides opportunities for chemicals that enable direct & indirect potable reuse of treated effluents. Stringent environmental norms are prompting development of eco-friendly & sustainable chemicals.

Global Expansion: Leading players are focusing on emerging regions through partnerships and acquisitions. For instance, Evoqua expanded in Africa through acquisitions. Dow launched new coagulants tailored for BRIC nations. Several Asia Pacific & Latin American nations are expected to witness strong demand owing to increasing industrialization & population.

Market Drivers

Increasing regulations: Rapid global urbanization and industrialization have increased the strain on water resources. Several nations and cities have formulated stringent regulations regarding industrial & domestic wastewater discharge quality as well as drinking water standards. This is a key driver for the market. Utilities are compelled to optimize treatment processes and invest in advanced technologies, driving demand for innovative chemicals.

PEST Analysis

Political: The market is witnessing new regulations for wastewater treatment and water quality across various countries, especially in developing nations. These regulations are driving demand for chemicals used in treatment processes.

Economic: Global economic growth is boosting industries like power generation and manufacturing, thereby increasing industrial wastewater volumes. This is positively impacting the market. Rising construction activities are also augmenting water usage and wastewater release.

Social: Growing population and rapid urbanization are escalating pressure on existing water resources. This is enhancing the need for efficient water and wastewater management using appropriate treatment chemicals.

Technological: Advanced technologies like membranes, nanotechnology and robotics are being used to develop innovative treatment chemicals and delivery systems. New digital tools are also helping optimize treatment processes.

North America accounts for the largest share of marketĀ in terms of value. Stringent environmental norms and widespread industrialization have generated significant demand for water treatment chemicals here. Asia Pacific follows with a substantial market size due to the region’s growing population, urban centers and industries.

The MEA region is projected to experience the fastest growth during the forecast period. Factors such as increasing investments in municipal wastewater treatment infrastructure, water scarcity issues in the Middle East and rising industrial activity in Africa will drive market expansion. Additionally, rising awareness about water quality management and conservation is augmenting demand from various countries in this region including Saudi Arabia, UAE and South Africa.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it