Photovoltaic Market: Current Analysis and Forecast (2025-2033)

Emphasis on Type (Module, Inverter, Balance of System (BOS)); Material (Silicon Compound); Cell Type (Full Cell PV Modules, Half-Cell PV Modules); Installation Type (Residential, Commercial & Industrial, Utilities); Region/Country

Geography:

Global

Last updated:

Apr 2025

Global Water Treatment Chemicals Market Size & Forecast

Global Water Treatment Chemicals Market Size & Forecast

The global Water Treatment Chemicals market was valued at USD 36,815 million in 2024 and is expected to grow to a strong CAGR of around 4.5% during the forecast period (2025-2033F), owing to the increasing number of water purification plants, growing demand for waste water purification from the end-user industries and stringent government regulations.

Water Treatment Chemicals Market Analysis

The global water treatment market has shown notable market growth in the historical years. With the growing number of end-user industries, the generation of wastewater is on the higher side, which has led to the pressing need to establish new treatment plants, further inducing the need for treatment chemicals. Additionally, with the implementation of stringent regulations by the government across the globe, many of the leading wastewater producer industries have been forced to adopt to treat water treatment before discharging, further supporting the demand for water treatment chemicals. The municipal corporations across the globe are also focusing on the treatment of wastewater in order to combat the issue of depleting groundwater.tu9l

Global Water Treatment Chemicals Market Trends

This section discusses the key market trends that are influencing the various segments of the global Water Treatment Chemicals market, as found by our team of research experts.

Adoption of Eco-Friendly and Sustainable Chemicals:

As governments across the globe are becoming more environmentally conscious, the shift from synthetic chemicals for wastewater treatment is being observed. Many of the companies are focusing on the use of bio-based chemicals for water treatment. These chemicals are easily biodegradable and reduce the harmful impact on the ecosystem. In line with this, many of the wastewater treatment chemical producers have announced the launch of bio-based chemicals.

  • In 2024, Aquacycl, an industrial wastewater treatment solutions provider, announced the launch of its patented SulfideFix chemical. It utilizes natural sulfate-reducing bacteria to eliminate up to 99%.

In line with this, many of the other key companies are also launching their bio-based chemicals for wastewater treatment. This is anticipated to be a key trend among the manufacturers, which would be conducive for the market growth in the forecasted years, i.e., 2025-2033.

Water Treatment Chemicals Industry Segmentation

This section provides an analysis of the key trends in each segment of the global Water Treatment Chemicals market report, along with forecasts at the global, regional, and country levels for 2025-2033.

The Synthetic Category has shown promising growth in the Water Treatment Chemicals Market.

Based on Sources, the market is bifurcated into bio-based and synthetic. Of these synthetic category has held the major market share. With the ease of availability as well as cost-conscious customers, the synthetic category has been the first choice. Additionally, the synthetic chemicals have been traditionally used among the majority of the water treatment plant operators, due to which the segment has benefited in terms of garnering the majority share. However, with the rise of bio-based chemicals and their environment-friendly approach in reducing microbial growth and removing heavy particles from the wastewater, the segment is also showing a massive jump in terms of demand.

Corrosion Inhibitors Category Dominates the Water Treatment Chemicals Market.

Based on the type, the global water treatment chemicals market is segmented into organic coagulant, inorganic coagulant, flocculant, corrosion inhibitors, scale inhibitors, biocide & disinfectants, chelating agents, anti-foaming agents, PH adjusters & stabilizers, and others. Corrosion inhibitors have seen tremendous growth and development over the past few years due to their usefulness in industrial water systems such as cooling towers, boilers, and pipelines. This is primarily because these inhibitors prevent failure of expensive equipment and infrastructure through rust and corrosion, which eventually leads to very high maintenance costs. In addition, stricter environmental regulations coupled with continuous emphasis on sustainability push industries to invest in efficient corrosion control solutions, driving demand in the market even further. Advancements in green chemistry have also resulted in the development of more environmentally friendly corrosion inhibitors, which entice a higher range of end-users in many sectors such as oil & gas, power generation, chemical manufacturing, and even municipal water treatment. With the increase in industrialization, especially in developing regions, the demand for corrosion inhibitors will continue to be strong.

Global Water Treatment Chemicals Market Segments

North America is expected to grow at a considerable rate during the forecast period.

North America has held a sizable market share in the global water treatment market. Some of the key factors attributed to the growth are stringent government policies enforcing the end-user industries to chemically treat their wastewater before releasing it into the water sources. Additionally, with the growing population, many of the growing cities have also adopted waste treatment plants to provide potable water to the residents, further improving the demand for water treatment plants. Considering these changes, there is a surge in the demand for water treatment chemicals across the region. Additionally, the region is the home to some of the leading urbanized economies as the US and Canada, which have stressed the need to reduce water pollution through industries. In line with the growing demand for water treatment chemicals, there have been many updates that are anticipated to exhibit a sizable yield in the demand for water treatment chemicals. For instance,

  • In 2025, Canada’s federal government announced a major investment of USD 258 million to improve water and wastewater infrastructure across the country.

  • In 2025, El Paso Water received a total investment of USD 23.5 million for the construction of a water treatment plant in the city of El Paso, Texas, USA. The construction is set to be completed by the year 2028 and will provide 295 million liters of purified water per year.

With the rapid advancement in the field of water purification plants across the region, the market for water treatment chemicals is further anticipated to rise during the forecasted years 2025-2033.

The U.S. held a sizeable share of the North America Water Treatment Chemicals market in 2024

The U.S. wastewater treatment market has held a dominant market share in the North America region. With the high investment in water treatment systems as well as the pressing need to expand potable water to the urban infrastructure, the demand for water treatment chemicals is further anticipated to rise during the coming years. Furthermore, the country is also home to one of the largest economies, along with the largest population in the region, which has proven conducive for the expansion of water treatment services. Additionally, there have been announcements of many of the large-scale water treatment projects, which would further promote the demand for water treatment chemicals.

Global Water Treatment Chemicals Market Trends

Water Treatment Chemicals Industry Competitive Landscape:

The global Water Treatment Chemicals market is competitive, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions.

Top Water Treatment Chemicals Companies

Some of the major players in the market are BASF SE, American Water Chemicals Inc., Suman Chemical Industries, Veolia, Pennar Industries Limited, Cortec Corporation, Dober, Dow, Ecolab, and Kurita Water Industries Ltd.

Recent Developments in the Water Treatment Chemicals Market

  • In 2025, Schneider Electric announced to launch of India’s largest water treatment plant construction in Bhandup, Mumbai. The company has been awarded the construction of a water treatment plant with a total processing capacity of 2,000 million liters per day.

  • In 2024, Veolia announced to inauguration of its first exchange regeneration plant with the integration of water recycling systems in China. The facility features state-of-the-art technology to efficiently recycle spent ion exchange resins, promoting resource optimization and sustainability in Changshu Economic and Technological Development Zone (CEDZ) in Jiangsu province with a total capacity of 60 kiloliters for mobile water services and 5 kiloliters per day for deionization.

  • Additionally, in 2025, the Water Ministry of the state of Delhi in India announced plans to double its desalination capacity from 220 million gallons per day.

Global Water Treatment Chemicals Market Report Coverage

Report Attribute

Details

Base year

2024

Forecast period

2025-2033

Growth momentum 

Accelerate at a CAGR of 4.5%

Market size 2024

USD 36,815 Million

Regional analysis

North America, Europe, APAC, Rest of the World

Major contributing region

North America is expected to dominate the market during the forecast period.

Key countries covered

U.S., Canada, Germany, U.K., Spain, Italy, France, China, Japan, South Korea, and India

Companies profiled

BASF SE, American Water Chemicals Inc., Suman Chemical Industries, Veolia, Pennar Industries Limited, Cortec Corporation, Dober, Dow, Ecolab, and Kurita Water Industries Ltd.

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling

Segments Covered

By Type, By Sources, By End-Use; By Region/Country

Reasons to Buy the Water Treatment Chemicals Market Report:

  • The study includes market sizing and forecasting analysis confirmed by authenticated key industry experts.

  • The report briefly reviews overall industry performance at a glance.

  • The report covers an in-depth analysis of prominent industry peers, primarily focusing on key business financials, type portfolios, expansion strategies, and recent developments.

  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

  • The study comprehensively covers the market across different segments.

  • Deep dive regional level analysis of the industry.

Customization Options:

The global Water Treatment Chemicals Market can further be customized as per the requirements or any other market segment. Besides this, UnivDatos understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

Table of Contents

Research Methodology for the Global Water Treatment Chemicals Market Analysis (2023-2033)

We analyzed the historical market, estimated the current market, and forecasted the future market of the global Water Treatment Chemicals market to assess its application in major regions worldwide. We conducted exhaustive secondary research to gather historical market data and estimate the current market size. To validate these insights, we carefully reviewed numerous findings and assumptions. Additionally, we conducted in-depth primary interviews with industry experts across the Water Treatment Chemicals value chain. After validating market figures through these interviews, we used both top-down and bottom-up approaches to forecast the overall market size. We then employed market breakdown and data triangulation methods to estimate and analyze the market size of industry segments and sub-segments.

Market Engineering

We employed the data triangulation technique to finalize the overall market estimation and derive precise statistical numbers for each segment and sub-segment of the global Water Treatment Chemicals market. We split the data into several segments and sub-segments by analyzing various parameters and trends by Type, by Sources, by End-Use, and by Regions within the global Water Treatment Chemicals market.

The Main Objective of the Global Water Treatment Chemicals Market Study

The study identifies current and future trends in the global Water Treatment Chemicals market, providing strategic insights for investors. It highlights regional market attractiveness, enabling industry participants to tap into untapped markets and gain a first-mover advantage. Other quantitative goals of the studies include:

  • Market Size Analysis: Assess the current and forecast market size of the global Water Treatment Chemicals market and its segments in terms of value (USD).

  • Water Treatment Chemicals Market Segmentation: Segments in the study include areas by Type, by Sources, by End-Use, and by Region.

  • Regulatory Framework & Value Chain Analysis: Examine the regulatory framework, value chain, customer behavior, and competitive landscape of the Water Treatment Chemicals industry.

  • Regional Analysis: Conduct a detailed regional analysis for key areas such as Asia Pacific, Europe, North America, and the Rest of the World.

  • Company Profiles & Growth Strategies: Company profiles of the Water Treatment Chemicals market and the growth strategies adopted by the market players to sustain in the fast-growing market.

Frequently Asked Questions FAQs

Q1: What is the global Water Treatment Chemicals market’s current market size and growth potential?

Q2: Which segment has the largest share of the global Water Treatment Chemicals market by sources?

Q3: What are the driving factors for the growth of the global Water Treatment Chemicals market?

Q4: What are the emerging technologies and trends in the global Water Treatment Chemicals market?

Q5: What are the key challenges in the global Water Treatment Chemicals market?

Q6: Which region dominates the global Water Treatment Chemicals market?

Q7: Who are the key players in the global Water Treatment Chemicals market?

Q8: What role will sustainability and green chemistry play in shaping the future of the water treatment chemicals market?

Q9: Why should industrial and municipal corporations pay close attention to digital and automated water treatment solutions?

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