FMI forecasts a robust future for the water &
wastewater treatment chemical market due to converging factors:
urbanization, industrial expansion, population growth straining
water resources, and stricter environmental regulations. Explore
their report for a deep dive.
NEWARK,
Del., April 29, 2024 /PRNewswire/
-- According to Future Market Insights (FMI), the global
water and wastewater treatment chemical market is expected
to increase from US$
38,588.9 million in 2024
to US$
60,541.2 million by 2034. The market is
projected to surge at a CAGR of 4.6%.
Download the Sample PDF report to explore key market
insights and trends:
https://www.futuremarketinsights.com/reports/sample/rep-gb-9510
As industries expand and populations grow, the demand for clean
water escalates, propelling market growth. Increasing urbanization,
industrialization, and environmental concerns drive the need for
effective water treatment solutions. Strict regulatory standards
for water quality further boost market expansion as industries
strive for compliance.
Concerns over waterborne contaminants and health risks further
fuel the demand for water treatment chemicals across several
end-user industries. Manufacturers prioritize chemicals that ensure
compliance with stringent water quality standards and regulations
to meet the growing need for safe drinking water and industrial
processes.
The water and wastewater treatment chemical market is crucial
for supplying substances for purifying water across diverse
industries and applications. It encompasses a range of chemical
products tailored to address specific challenges in water
treatment, including coagulant & flocculant, biocide, corrosion
& scale inhibitors, defoamers, and pH adjusters.
Key Takeaways from the Report
- The global water and wastewater
treatment chemical market is projected to thrive at
4.6% CAGR through 2034.
- By product type, the coagulant & flocculant chemicals
segment is expected to witness a CAGR of 4.1% through
2034.
- By end-user, the municipal segment is set to hold a market
share of 17.5% in 2024.
- North America is expected to
account for a significant share of around 25.4% in
2034.
- The United States industry
value is anticipated to reach US$ 11,200.1
million by 2034.
"The development of zero water discharge plants is
emerging as a significant trend in the water and wastewater
treatment chemical market. As industries strive for sustainability
and environmental responsibility, these plants offer a solution to
minimize water usage and discharge, thereby reducing environmental
impact and meeting regulatory requirements, which drives market
growth." - says Nikhil Kaitwade (Associate Vice
President at Future Market Insights, Inc.).
Competitive Landscape
The global water and wastewater treatment chemical market is
fragmented, with leading players accounting for 40% to
45% of the share. Akzo Nobel N.V., Baker Hughes Inc., BASF
SE, Dow Inc., Eco Lab Inc., and Italmatch Chemicals S.p.A are the
leading manufacturers of water and wastewater treatment chemicals
profiled in the full version of the report.
Key players are focusing on expanding domestic production and
technology areas of water and wastewater treatment chemicals to
provide cost-efficient solutions to consumers. They are also
investing in developing new products and further innovating
existing ones to meet end-user demand.
Recent Developments-
- In 2023, Solenis acquired CedarChem LLC, bolstering its
water and wastewater treatment product offerings in the
southeastern United States.
- In 2023, Kemira expanded its ferric sulfate
production line in Goole, United
Kingdom, by 70,000 tons to address increasing coagulant
demand due to stricter wastewater treatment regulations.
Purchase now and gain full access to the
Water and Wastewater Treatment
Chemical Industry report, featuring comprehensive Market Forecast,
Company Share Analysis, Competition Intelligence, DROT Analysis,
Market Dynamics and Challenges, and Strategic Growth
Initiatives.
More Insights into the Water and Wastewater Treatment Chemicals
Report
In its latest report, Future Market Insights (FMI) offers an
unbiased analysis of the global water and wastewater treatment
chemical market, providing historical data from 2019 to 2023 and
forecast statistics for the period 2024 to 2034.
To understand the global market potential, growth, and scope,
the market is segmented based on product type (coagulant &
flocculant, biocide, corrosion & scale inhibitor, defoamer, pH
adjuster, others [chelating agent, oxygen scavenger]) application
(cooling water, boiler water, membrane water, municipal water,
others) end-user (oil & gas, power, mining, pulp & paper,
chemical & fertilizer, pharmaceutical, municipal, textile, food
& beverages, others) and region.
About the Chemicals and Materials Division at Future Market
Insights (FMI)
The chemicals and materials division of Future Market
Insights (FMI) offers a distinct and pinpoint analysis of the
chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced
materials, composites, and nanotechnology in particular, with
special emphasis on 'green alternatives, recycling and renewable
technology developments, and supply-demand-trade assessment. Our
research studies serve as referencing market guidelines for
chemical manufacturers, research institutions, channel partners,
and government bodies for developing – 'The Way Forward'.
About the Author:
Nikhil Kaitwade (Associate Vice President at Future Market
Insights, Inc.) has over a decade of experience in market research
and business consulting. He has successfully delivered 1500+ client
assignments, predominantly in Automotive, Chemicals, Industrial
Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research
methodology, creating a unique analysis framework, statistical data
models for pricing analysis, competition mapping, and market
feasibility analysis. His expertise also extends wide and beyond
analysis, advising clients on identifying growth potential in
established and niche market segments, investment/divestment
decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in
Mechanical Engineering. Nikhil has authored several publications
and quoted in journals like EMS Now, EPR Magazine, and EE
Times.
Explore FMI's Extensive Coverage in the Chemicals
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Request to Access the Sample Report.
- Water Treatment Polymers Market by Polyacrylamines,
Polyacrylates, and Quaternary Ammonium Polymers, Forecast,
2023-2033. - Review and Request to Access the Sample
Report.
- Water Treatment Chemical Market Forecast by Corrosion
inhibitors and Scale inhibitors for 2024 to 2034. - Review and
Request to Access the Sample Report.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading market intelligence
and consulting service provider, serving clients in over 150
countries. FMI is headquartered in Dubai and has delivery centers in the
UK, the U.S., and India. FMI's
latest market research reports and industry analysis help
businesses navigate challenges and make critical decisions with
confidence and clarity amidst breakneck competition. Our customized
and syndicated market research reports deliver actionable insights
that drive sustainable growth. A team of expert-led analysts at FMI
continuously tracks emerging trends and events in a broad range of
industries to ensure that our clients prepare for the evolving
needs of their consumers.
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SOURCE Future Market Insights