The Specialty water treatment chemicals market is projected to grow at a CAGR of 6.15% to reach US$ XX.XXX billion in 2024 from US$X.XXX billion in 2018. Water treatment chemicals are playing an important role in providing clean water globally. With advancement in boiler water treatment chemicals and other related chemicals, water from sea, polluted rivers, and waste water effluents can be treated in order to provide safe drinking water to the growing population. Stringent government policies on usage of water with low TSS (total suspended solids) is accelerating the demand for water treatment chemicals. Rising population across the globe is leading to an increased demand for potable water which is boosting the water treatment chemicals market growth. Burgeoning use of water treatment chemicals across end-user industries such as oil and gas, energy power, chemicals, and others is one of the key driving factor that is augmenting the specialty water treatment chemicals market growth. The market is expected to grow at a substantial rate over the forecast period on account of growing mergers and acquisition done by key players so as to expand their base in developing countries so as to enhance their waste water treatment capabilities.
Burgeoning usage of water chemicals across end-user industries
Rising investments in waste water treatment plants.
Development of an alternative to chemical water treatment
In February 2019, Kurita Water Industries Ltd. Acquired U.S Water Services, Inc. so as to strengthen its position business in North America.
In January 2019, Kemira and Valmet collaborated in the water and sludge treatment customer applications in order to enhance the water treatment processes in Europe.
The major players profiled in the specialty water treatment chemicals market include Akzo Nobel N.V., Albermarle Corporation, BASF SE, Chembond Chemicals Limited, The Dow Chemical Company, ECOLAB INC., Kemira Oyj, Kurita Water Industries Ltd., LANXESS, Solenis, Solvay, Accepta Water Treatment, SUEZ, BWA WATER ADDITIVES, and Buckman.
The specialty water treatment chemicals market has been analyzed through the following segments:
Coagulants and Flocculants
Oil and Gas
Energy and Power
Pulp and Paper
Middle East and Africa