Industrial Wastewater Treatment Chemicals Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

Introduction: -

Industries such as chemical manufacturing, oil & gas, food & beverage, and power generation produce wastewater required to be treated with water treatment chemicals. Biocides & disinfectants, coagulants and flocculants, and defoaming agents are some of the most commonly used industrial wastewater treatment chemicals. These chemicals are used for various applications, including boiler water treatment, membrane water treatment, cooling water treatment, etc., across different end-use industries as per requirement. The global industrial wastewater treatment chemical market includes players engaged in developing and launching various industrial wastewater treatment chemical products for use in different end-user verticals. The global industrial wastewater treatment chemicals market size is projected to grow at a compounded annual growth rate (CAGR) of 5.5% during the forecast period of 2022-2030.

Growth Drivers:

Due to the surging population and rapid industrialization across the globe, the need and demand for fresh & clean water have risen tremendously over the years. Moreover, there has been a dramatic decline in freshwater resources across certain regions. As a result, several strategies for the proper implementation of water management practices and technologies that can preserve & recycle process wastewater are emerging. This is in turn leading to increased demand and adoption of industrial wastewater treatment chemicals and aiding in the global market's growth.

Moreover, various industry verticals such as oil & gas, power, mining, etc. require water in enormous amounts for their operations. However, in certain countries, such as India, China, and Brazil, water availability for industrial application is minimal due to the dearth of proper regulations and economic limitations pertaining to wastewater treatment. Due to this, the number of investments for wastewater treatment to enhance water quality is growing in these countries. This is set to augment the adoption of industrial wastewater treatment chemicals and fuel the growth of the global market in the upcoming years.

Furthermore, factors such as the launch of various stringent environmental legislations, the rising focus towards the usage of green chemicals to eradicate suspended solids, viruses, and fungi from water; the growing exploration & development of new oil fields across regions, and the increasing installation of new and high-capacity power plants using fossil fuels worldwide are among other primary factors driving the growth of the global industrial wastewater treatment chemicals market.

However, factors such as the high set-up costs associated with industrial wastewater treatment chemicals and the shifting demand for alternative & environment-friendly water treatment technologies are expected to hinder the growth of the global industrial wastewater treatment chemicals to some extent during the forecast period of 2022-2030.

Industrial Wastewater Treatment Chemicals Market Segmentation:

By Type:

·         Corrosion Inhibitors

·         Scale Inhibitors

·         Coagulants & Flocculants

·         Biocides & Disinfectants

·         Chelating Agents

·         Anti-foaming Agents

·         pH Adjusters and Stabilizers

·         Others

By End-use Industry:

·         Power Generation

·         Oil & Gas

·         Mining

·         Chemical

·         Food & Beverage

·         Others

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Industrial Wastewater Treatment Chemicals Market: Type Review: -

Based on type, the global industrial wastewater treatment chemicals market is segmented into corrosion inhibitors, scale inhibitors, coagulants & flocculants, biocides & disinfectants, chelating agents, anti-foaming agents, pH adjusters and stabilizers, and others. The biocides & disinfectants segment captured the largest share of the market in 2021. It is expected to continue its dominance in the market during the forecast period of 2022-2030. The large share of this segment can be attributed to the high usage of biocides & disinfectants in various applications, including sewage treatment, drinking water treatment, ship ballast treatment, and anti-fouling agents. On the other hand, the coagulants and flocculants segment is predicted to grow at a higher CAGR during the forecast period of 2022-2030, mainly due to their rising demand and usage in oil and gas plants.

Industrial Wastewater Treatment Chemicals Market: End-use Industry Review: -

Based on end-use industry, the global industrial wastewater treatment chemicals market is segmented into power generation, oil & gas, mining, chemical, food & beverage, and others. The power generation segment led the market in 2021. The segment is anticipated to further retain its lead in the market during the forecast period of 2022-2030.  The increasing number of stringent regulations for discharging wastewater is predominantly ascribed to the growth of this particular segment.

Regional Outlook:

The industrial wastewater treatment chemicals research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, and Latin America, and the Middle East & Africa.

The North American region dominated the global industrial wastewater treatment chemicals market in 2021, followed by the Asia Pacific, and Europe. The region is estimated to remain dominant throughout the forecast period of 2021- 2030.  The existence of cost-efficient processes for chemical water treatment in major countries in North America is one of the leading factors making the region the largest regional market for industrial wastewater treatment chemicals. The region also has the presence of major end-user verticals and vendors manufacturing industrial wastewater treatment chemicals. Moreover, the region's oil production and water treatment activities are also growing. All these factors are aiding in the growth of the market in the region. Additionally, factors such as the increasing water scarcity in developing nations, the rapidly growing population base, and the surging awareness regarding clean among them are also significantly contributing to the growth of the market in the region. The U.S., Canada, and Mexico are among the major contributors to the growth of the market in the region.

On the other hand, the Asia Pacific region is expected to experience the highest growth in the industrial wastewater treatment chemicals market during the forecast period. Factors such as the increasing water pollution, the fast-paced expansion of the manufacturing sector, the growing shifting of manufacturing facilities in the Asia Pacific countries, the escalating number of stringent environmental regulations, the proliferating awareness regarding the reuse of wastewater and treatment of toxic water, and the burgeoning water demand due to rapidly increasing population base are primarily driving the growth of the market in the region. India, China, and Japan stand as the leading contributors to the growth of the market in the region.

The report also identifies the country wise market outlook for industrial wastewater treatment chemicals, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

Key Companies in Industrial Wastewater Treatment Chemicals Market:

The research report offers a competitive analysis of prominent companies operating in the global industrial wastewater treatment chemicals market. Some of the leading players profiled in the market research report include:

·         The Dow Chemical Company

·         GE water & process Technologies

·         Hydrite Chemical

·         Air Products & Chemicals

·         BASF SE

·         Ecolab Inc.

·         Kemira Oyj

·         Suez SA

·         Veolia Group

·         Lonza Group Ltd.

·         Kurita Water Industries Ltd.

·         Thermax Limited

·         Baker Hughes Inc.

·         Akzo Nobel N.V.

·         SNF Floerger

·         DuPont de Nemours Inc.

·         Solenis

·         Other Players