As per the report published by Kings Research, the global Water Treatment Chemicals Market was valued at USD 31.24 billion in 2023. The market is projected to reach USD 42.93 billion by 2031, growing at a CAGR of 4.26% from 2024 to 2031.

📍𝐆𝐞𝐭 𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝐕𝐢𝐞𝐰 𝐀𝐜𝐜𝐞𝐬𝐬 @ https://www.kingsresearch.com/enquiry/water-treatment-chemicals-market-712

Increasing population growth and rapid urbanization, particularly in emerging economies, are placing immense pressure on water resources, necessitating effective treatment solutions to meet rising demand. Additionally, stringent regulatory frameworks mandating water quality standards across various industries and municipalities are leading to the widespread adoption of water treatment chemicals globally.

Companies Launch Cutting Edge Products to Expand Their Market Reach

The global water treatment chemicals market is fragmented with key players such as Dow, Ecolab, Veolia, Evoqua Water Technologies LLC, Buckman, Kemira, Solenis, LANXESS, BASF SE, SUEZ, and others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.

Moreover, increasing industrial activities, particularly in sectors such as power generation, oil & gas, and chemical manufacturing, are augmenting the demand for specialized water treatment chemicals to mitigate environmental impact and ensure operational efficiency. Increasing concerns over water scarcity and climate change are propelling demand for advanced treatment solutions worldwide.

Technological innovations, such as smart water management systems and green chemistry formulations, are reshaping the market landscape. Additionally, the globalization of industrial operations and investments in water infrastructure are fueling market expansion. Furthermore, growing awareness regarding waterborne diseases and environmental degradation is prompting investments in advanced water treatment technologies and chemicals. Technological advancements, such as the development of eco-friendly and cost-effective chemical formulations, are expected to spur market expansion.

Key Insights

Based on product, the coagulants & flocculants segment held the largest market share of 34.55% in 2023

Based on end use, the municipal segment generated the highest revenue of USD 11.43 billion in 2023

On the basis of region, Middle East and Africa is projected to garner revenue of USD 5.04 billion by 2031

Lummus Acquires Water Treatment Assets from Siemens Energy

May 2023: Lummus Technology, a leading provider of process technologies and sustainable energy solutions, signed an agreement with Siemens Energy to acquire assets from their water solutions portfolio. This acquisition encompasses copyrights, intellectual property, research and development assets, and trade secrets.

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