It is estimated for the global water treatment chemicals additives market to witness growth at a healthy rate of 4.8% during the forecast period of 2022 to 2030. The market witnessed growth at a stunning rate even during the previous forecast period of 2018 to 2021.
Physical-chemical procedures are designed to remove a variety of contaminants from water, starting with organic and inorganic chemicals and ending with biological pollution. Chemical water treatment can be used to remove hazardous organic and inorganic compounds.
Growing demands from the sugar and ethanol, fertiliser, geothermal power production, petrochemical manufacturing, and refining industries, particularly in emerging economies, might be blamed for the growth. Additionally, the Middle East and Africa are predicted to experience encouraging market expansion due to the expanding use of saline water treatment to meet the region’s rising water demand.
Because so much water is used by industries like petrochemicals and oil and gas, the region has become one of the major consumers of industrial chemicals. Desalination, the most common procedure in the area, makes extensive use of coagulants, scale inhibitors, and biocides.
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Due to the rapid development of the industrial sector and urbanisation, the market for water treatment chemicals, including flocculants and coagulants, defoamers, corrosion inhibitors, and pH boosters, is anticipated to undergo exponential growth. The demand for these chemicals is anticipated to stay strong over the anticipated period because to the major decline in freshwater supplies and strict laws and regulations. The most noticeable trend currently dominating the market is the rise in demand for creating a centralised facility for fluid treatment units for medium and small-scale industries for an entire in-situ process achieving zero discharge.
Covid-19 Impact On Water Treatment Chemicals and Additives Market
The covid-19 outbreak’s global slowdown has a significant influence on the water treatment additives market. Chemical, oil and gas, as well as other industries, have a strong demand for the water treatment additives. The pandemic had a significant influence on the oil and gas industry and caused significant disruption. the factors like the imbalance between supply and demand The oil and gas sector’s growth prospects have declined as a result of the closure of oil and gas production and development facilities and the volatility of oil prices.
Additionally, the market’s expansion was hampered by a slowdown in production activity, declining demand, and supply chain disruptions. The International Energy Association (IEA) estimates that the world’s oil demand fell by 90,000 barrels per day from 2019 to reach 99.9 million barrels per day in 2020. The application of water treatment additives and market demand both decreased as a result of the oil and gas industry’s slowing growth. As a result, the market for water treatment additives saw a significant slowdown during the COVID-19 epidemic due to limited demand and applications in key end-use sectors.
Global Water Treatment Chemicals and Additives Market – Segmental Assessment
By Product Type
- Coagulants & Flocculants
- Biocide & Disinfectant
- Defoamer & Defoaming Agent
- pH & Adjuster & Softener
It is estimated for the pH & adjuster & softener segment to boost the growth of the market during the forecast period.
By Application Type
- Raw Water Treatment
- Water Desalination
- Cooling
- Boiler
It is estimated for the boiler segment to boost the growth of the market during the forecast period.
Global Water Treatment Chemicals and Additives Market – Competitive Hierarchy
Some key players operating in the water treatment chemicals market include Suez, Nouryon, Kemira Oyj, Ecolab, Solenis, Kurita Water Industries, Ltd, Solvay, SNF Floerger, and Dow Chemicals.
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