Water Treatment Chemicals Industry Overview

The global water treatment chemicals market size was valued at USD 32.2 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. The growth can be attributed to increasing requirements from sugar and ethanol, fertilizers, geothermal power generation, petrochemical manufacturing, and refining industries, specifically in emerging economies. The increase in demand for developing a centralized facility for fluid treatment units for medium and small-scale manufacturers for complete in-situ processes attaining zero discharge is the prominent trend prevailing in the market. The market is expected to witness promising growth in the Middle East and Africa owing to the growing adoption of saline water treatment in order to fulfill the increasing water demand. Desalination is the most prominent technology used in different parts of the Middle East. Saudi Arabia is largely dependent on desalination to meet their water requirements.

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The increasing charge on waste treatment by the municipalities has further provided an impetus for the industrialist to establish or improve their wastewater treatment and reuse facilities. Strength chemicals find its application in fluid treatment for emulsion breaking, sludge dewatering, and flocculation among others.

The oil gas segment is expected to register a CAGR of 3.7% over the forecast period. Petroleum refineries and chemical plants use steam and water for a variety of processes ranging from desalination process to fluid catalytic cracking units, cooling towers, and steam generators. The scarcity of clean water has led to the need for efficient treatment processes in order to carry out sustainable and reliable operations in petroleum refineries and chemical plants. This is anticipated to boost the demand for chemicals in oil gas end-use over the forecast period.

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• The global high purity methane gas market size was valued at USD 7.04 billion in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2030.
• The global dimethylaminopropylamine market size was estimated at USD 358.4 million in 2023 and is projected to grow at a CAGR of 5.0% from 2024 to 2030.

Key Water Treatment Chemicals Market For Geothermal Power Company Insights

The water treatment chemicals market is fragmented in nature. Manufacturers have a high degree of integration i.e. in-house raw material production facilities and long-term supply contracts with raw material suppliers. Products manufactured by the companies are sold in domestic and international markets through various distribution channels including direct supply agreements and third-party suppliers, which not only procure the finished products from the manufacturers but also distribute them across the region through an extensive product distribution network worldwide.

Furthermore, the business activities of the companies are extended to include control of the direct supply as well as manufacturing, distribution, and application of the product. Presence across various stages of the value chain has improved the profits of companies by reducing the cost of distribution and giving them better control over the pricing of their products.

Key Water Treatment Chemicals Companies:

• SUEZ
• BASF SE
• Ecolab
• Solenis
• Nouryon
• Kemira
• Baker Hughes Company
• Dow
• SNF
• Cortec Corporation

Recent Developments

In January 2023, Kemira, a chemical solutions provider for water-intensive industries, completed the full acquisition of SimAnalytics. This strategic move enhances Kemira's ability to provide data-driven predictive services and machine learning solutions to support its customers' businesses effectively. Through this acquisition, Kemira strengthens its portfolio and reinforces its commitment to delivering advanced and tailored solutions to meet evolving industry needs.

In September 2022, SUEZ unveiled its strategic plan for the year 2027, outlining its objective to become a trusted partner in circular solutions for water and waste management. The plan emphasizes the company's commitment to value creation through the provision of established solutions, heightened innovation, and reinforced investment capabilities. By addressing mounting environmental challenges faced by its clients, SUEZ aims to establish itself as a leading contributor in the industry. To realize this vision, the company has set forth a clear and ambitious growth strategy, targeting annual revenue growth of 4 to 5 percent by 2027. This objective will be supported by significant investment capabilities and a noteworthy 50 percent increase in research and development efforts

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