May 25, 2024
Water and Wastewater Treatment Chemicals Market

The Water and Wastewater Treatment Chemicals Market set to exhibit strong growth driven by stringent regulations regarding water management

Water and wastewater treatment chemicals play a vital role in ensuring clean and potable water by removing contaminants during water treatment processes. These chemicals include coagulants & flocculants, biocides & disinfectants, scale & corrosion inhibitors, pH conditioners, and others that aid in removing organic and inorganic impurities from waste streams. Rising demand for clean water and stringent regulations regarding its management have driven the adoption of advanced treatment technologies which utilize various chemicals.

The global Water and Wastewater Treatment Chemicals Market is estimated to be valued at US$ 35339.74 Mn in 2023 and is expected to exhibit a CAGR of 36% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Growing focus towards water reuse and recycling is one of the major trends witnessed in the global market. Stringent regulations governing discharge of treated effluents have compelled industries and municipalities to adopt advanced treatment methods and reuse treated water. This has propelled the demand for chemicals that enable production of high quality recycled water from wastewater. Furthermore, advent of advanced oxidation processes using ozone, UV, and other advanced oxidation techniques have gained significant traction in recent years due to their ability to remove emerging contaminants from wastewater. The treatment chemicals required for such advanced processes are expected to exhibit strong demand over the forecast period.

Porter’s Analysis
Threat of new entrants: The threat of new entrants in the water and wastewater treatment chemicals market size is low due to high capital requirements and stringent regulations.

Bargaining power of buyers: The bargaining power of buyers in the water and wastewater treatment chemicals market is high due to the availability of substitutes and undifferentiated products.

Bargaining power of suppliers: The bargaining power of suppliers in the water and wastewater treatment chemicals market is moderate due to the availability of substitute raw materials.

Threat of new substitutes: The threat of substitutes in the water and wastewater treatment chemicals market is moderate as membrane bioreactors can be used as an alternative.

Competitive rivalry: Competition in the water and wastewater treatment chemicals market is high due to the presence of major global and regional players.

Key Takeaways
The global water and wastewater treatment chemicals market is expected to witness high growth.

Regional analysis: North America dominates the global market presently due to stringent environmental regulations and growing awareness regarding clean water. Asia Pacific is expected to grow at the fastest pace during the forecast period due to rapid urbanization and industrialization.

Key players: Key players operating in the water and wastewater treatment chemicals market 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. Competition in the global market is high due to presence of many small and large players. The market is expected to witness collaborations and acquisitions among key players to consolidate their market position during the forecast period.

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