Water Treatment Chemical Market to Witness Steady Growth through 2026

According to a research report by Stratview Research, the water treatment chemicals market logged a colossal decline of more than -14% in 2020. The market was hit adversely by the pandemic majorly because of a decline in the tourism industry in the wake of complete restrictions on traveling. Furthermore, various industries, such as petrochemical, had cut their production during the lockdown period, aggravating the overall demand. However, the industry stakeholders are expecting healthy market recoveries in the near years, assisting them to quickly resuscitate the market losses during the pandemic. In the long term, the market for water treatment chemicals is subjected to grow at a healthy CAGR of 6.0% over the next five years to reach US$ 35 billion by 2026.

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Segments' Analysis

Stratview Research has segmented the Water Treatment Chemical Market by Chemical Type (Corrosion Inhibitors, Coagulants, Flocculants, PH Adjusters, Biocides, Scale Inhibitors, and Others), by Salt Type (Aluminium and Iron), by End-User Type (Paper & Pulp, Power Generation, Metals & Mining, Refining, Wastewater, Municipal, and Others), and by Application Type (Wastewater Treatment, Portable Water Treatment, and Industrial Water treatment), by Region Type (North America, Europe, Asia-Pacific, and Rest of the World).

For ease of analysis, the water treatment market is segmented into types, namely Chemical type, End-user type, and Region type. Based on the chemical type, the water treatment market is segmented as corrosion inhibitors, coagulants, flocculants, PH adjusters, biocides, disinfectants, scale inhibitors, and others. Despite being hit adversely in 2020, the corrosion inhibitor is expected to remain the largest and the fastest-growing chemical type in the market during the forecast period. They are mainly used for industrial water treatment.

Based on the end-user type, the market is segmented as Paper & Pulp, Power Generation, Metals & Mining, Refining, Wastewater, Municipal, and others. Power generation is expected to remain the biggest demand generator for these chemicals during the forecast period.  The power generation industry is one of the major sources of industrial wastewater, which contains substantial levels of toxic metal impurities such as lead, mercury, arsenic, and chromium. These impurities can cause harm to the environment, if not treated properly. Thus, the power generation industry needs water treatment chemicals in a significant amount, creating a decent market for the same.

In terms of regions, Europe and North America are well-established markets for water treatment chemicals. However, Asia Pacific is expected to emerge as the largest as well as the fastest-growing market for water treatment chemicals during the forecast period. This was mainly due to the growing population coupled with the increasing demand for clean and fresh water for human and industrial needs

The following are the key players in the Water Treatment Chemical Market -

• SUEZ
• Nalco-Ecolab company
• Solenis
• Nouryon
• Kemira Oyj
• Kurita Water Industries Ltd
• The Dow Chemical Company
• SNF Group
• Veolia Water
• Buckman

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Article source: https://article-realm.com/article/Finance/30379-Water-Treatment-Chemical-Market-to-Witness-Steady-Growth-through-2026.html