The report “Water Treatment Chemicals Market by Type (Flocculant & Coagulant, Corossion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents), Source, End-use (Residential. Commercial & Industrial), and Region – Global Forecast to 2028“, size is projected to reach USD 43.9 billion by 2028 from USD 36.7 billion in 2023, at a CAGR of 3.6% during the forecast period.
The major drivers for the water treatment chemicals market are increasing demand for chemically treated water in various end-use industries, stringent water, and wastewater regulations, and increasing water pollution. Alternative water treatment technologies, high costs of water treatment chemicals, maintenance, and energy are considered restraining factors in this market. Whereas rising population and rapid urbanization in emerging economies, increasing demand for specific formulations act as opportunities in the market.
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Some of the prominent key players are:
· Ecolab Inc. (US)
· Kemira Oyj (Finland)
· BASF SE (Germany)
· Solenis LLC (US)
· Dow Inc. (US)
Recent Developments:
· In October 2023, Solenis acquired CedarChem headquarters in Cedartown, Georgia. CedarChem provides a comprehensive range of water and wastewater treatment products tailored for both industrial and municipal markets, with a primary focus on serving the southeastern US. Through this acquisition the company has strengthened its market position in the US.
· In December 2021, Ecolab Inc. closed the acquisition of Purolite, a global provider of ion exchange resins for the separation and purification of solutions for pharmaceutical and industrial applications. US-based Purolite has a presence in more than 30 countries.
· In June 2019, Dow and& Modern Water Inc., a global leader in technologies for water and wastewater treatment, and brine monitoring, have announced collaboration whereby Modern Water will globally distribute Dow’s products. This partnership will expand Dow’s global reach.