Rising Incidence of Waterborne Diseases Driving Sales of Water Treatment Chemicals

Factors such as the rising concerns regarding waterborne diseases, surging desalination activities, and stringent government regulations regarding water treatment are expected to drive the water treatment chemicals market at a CAGR of 5.2% during the forecast period (2020–2030). The market was valued at $48,938.1 million in 2019, and it is projected to reach $85,341.8 million by 2030. Currently, the development of advanced chemical-based water treatment technologies has become a key trend in this market. 

Moreover, the toughening government regulations regarding water treatment in several countries will also support the water treatment chemicals market growth in the foreseeable future. High-volume discharge of toxic pollutants into freshwater reserves, owing to the rapid industrialization, has made the water unfit for consumption. Due to this reason, governments across the world are emphasizing on enhancing the water quality, by implementing stringent regulatory norms that restrict the discharge of hazardous chemicals directly into the water sources and ensure proper water treatment.

Categories under the type segment of the market include coagulants and flocculants, scale inhibitors, corrosion inhibitors, anti-foaming agents, biocides and disinfectants, chelating agents, pH adjusters and stabilizers, oxygen scavengers, oxidants, and others, including resin cleaners and algaecides. Among these, the coagulants and flocculants category will register the fastest growth during the forecast period due to the large-scale usage of these chemicals in water purification, solids removal, lime softening, sludge thickening, and solids dewatering. These chemicals are also used for removing heavy metals, oil, and phosphates from contaminated water. 

Globally, Asia-Pacific accounted for the largest share in the water treatment chemicals market in 2019, and it is expected to continue its dominance in the forecast years. This can be primarily owed to the existence of a large industrial base and the high living standards. Among APAC nations, Japan and China are the leading consumers of water treatment chemicals. As China is one of the largest polluters in the world owing to it being a leading manufacturing hub, it creates a considerable demand for such chemicals to clean the waterbodies and produce potable water.

Thus, the increasing desalination activities and toughening government framework regarding water treatment will steer the market growth in the forecast years.

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