The global Industrial wastewater treatment chemicals market size is estimated to be USD 12.8 billion in 2021 and is projected to reach USD 16.6 billion by 2026, at a CAGR of 5.3% between 2021 and 2026. The stringent environmental regulations pertaining to emission and treatment of industrial waste and depleting freshwater resources are driving the demand for industrial wastewater treatment chemicals during the forecast period. However, the shifting demand of end-use industries toward the advanced and environment-friendly water treatment technologies is hampering the market growth. On the other hand, growing industrialization resulting from population explosion is expected to leverage new growth opportunities for industrial wastewater treatment chemical manufacturers.
Water treatment chemicals are chemical compounds used to remove impurities from water. Industrial wastewater undergoes process treatment before reuse and release into the environment. Specialty chemicals are used in this process to remove impurities from wastewater. The industrial sector requires water for cooling, washing, and as process water in the power, oil & gas, petrochemical, chemical, pulp & paper, and petroleum refining industries.
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The major industry players have adopted expansions, agreements, and acquisitions as growth strategies in the last four years. The leading players in the market are BASF SE (Germany), Ecolab Inc. (US), Kemira Oyj (Finland), Suez SA (France), Veolia Group (France), Lonza Group Ltd. (Switzerland), Kurita Water Industries Ltd. (Japan), Thermax Limited (India), Baker Hughes Inc. (US), Akzo Nobel N.V. (Netherlands), Dow Inc. (US), and SNF Floerger (France).
Ecolab is involved in providing water, hygiene, and infection prevention solutions and services. The company provides data-driven insights and personalized service to advance food safety, maintain clean and safe environments, and optimize water and energy use. The company has four major segments: institutional, industrial, healthcare and life science, and others. The company has a presence in more than 170 countries.
Suez, a French utility company, is one of the largest water providers worldwide, which operates largely in the water and waste management sectors. Suez’s business operations are categorized as water, recycling & recovery, and ETS (environmental technology & solutions). It offers water and wastewater treatment services under the water business segment. The company offers various wastewater treatment services such as sampling and production of drinking water, multi-disciplinary studies and engineering, customer relationship management, industrial water treatment, water storage and distribution, desalination, wastewater treatment and reuse, and sludge treatment and recovery. SUEZ is a specialist in water treatment that develops wastewater treatment solutions that are adapted to local conditions, meet health standards, and protect water resources and biodiversity. as Along with treating water, the plants designed by SUEZ also allow, where appropriate, for the reuse of wastewater, in keeping with the regulations applying to the environment and public health. The company primarily operates in France, followed by other countries in Europe. The company claims to have more than 450,000 industrial and business customers.
Kemira Oyj engages in the provision of water quality and quantity management solutions, which improves energy, water, and raw material efficiency. The company operates its business through Pulp & Paper and Industry & Water segments. The Industry & Water segment supports municipalities and water-intensive industries in the efficient and sustainable utilization of resources. The company has a global presence across the Americas, the EMEA, and APAC.
The companies have initiated the following developments:
Industrial Wastewater Treatment Chemicals Market by Type (Coagulants, Flocculants, Biocides & Disinfectants), End-Use Industry (Power Generation, Mining, Chemical) and Region (APAC, Europe, North America, MEA, South America) - Global Forecast to 2026
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