Industrial Wastewater Treatment Chemicals Market Size to Reach USD 23.58 Billion By 2032 Increased Use of Advanced Coagulants and Flocculants Drive Industry Growth | Report by SNS Insider

The Industrial Wastewater Treatment Chemicals Market is driven by stringent environmental regulations and the increasing need for sustainable water management. With opportunities in emerging economies and innovations in chemical formulations, the market is set to expand as industries prioritize eco-friendly wastewater solutions.

Austin, Aug. 08, 2024 (GLOBE NEWSWIRE) -- The Industrial Wastewater Treatment Chemicals Market Share is projected to reach USD 23.58 billion by 2032 and grow at a CAGR of 5.66% over the forecast period of 2024-2032.

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Key Players:

• Corix Water System
• Veolia Water Technologies
• Calgon Carbon Corporation
• Napier Reid Ltd.
• Aquatech International Corporation
• WPL Limited
• Kemira
• Fluence Corporation Limited
• GE Water & Process Technologies

Growth of Biochemical Treatment Solutions drives market growth.

The industrial wastewater treatment chemicals market industries are leaning towards bio-based treatment options like enzymes and microbial agents as they look for more environmentally friendly alternatives to conventional chemical treatments. These chemical agents utilize natural processes to degrade organic pollutants and improve the efficiency of treating wastewater, offering an eco-friendly approach.

Enzymes speed up the breakdown of complex organic substances, while microbial agents use biological processes to break down pollutants into less harmful byproducts. This method decreases dependence on strong chemicals, lessens environmental impact, and enhances treatment effectiveness. Therefore, bio-based solutions are gaining popularity due to their efficacy, eco-friendly advantages, and compliance with worldwide sustainability objectives.

In 2023, Ecolab expanded its portfolio with the launch of Enzolytics, a new range of enzyme-based treatments designed to target specific pollutants in wastewater. The solution leverages the latest advancements in enzyme technology to offer more precise and effective treatment.

Furthermore, the incorporation of intelligent technology and digital tools in wastewater treatment is transforming the sector by improving accuracy and operational effectiveness. Automated dosing systems lead the way in this revolution by using sensors and live data to accurately regulate the quantity of chemicals in treatment processes. This process automation not just guarantees the best chemical utilization but also decreases waste and cuts down on operational expenses. Real-time monitoring tools also add to this pattern by offering constant, thorough updates on water quality and treatment efficacy. These tools utilize sophisticated data visualization and advanced analytics to monitor different parameters, enabling quick adjustments and proactive treatment process management.

Industrial Wastewater Treatment Chemicals Market Report Scope & Overview:

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Segmentation Analysis

By Type

• Corrosion inhibitors
• Scale inhibitors
• Coagulants & flocculants
• Biocides & disinfectants
• Chelating agents
• Anti-foaming agents
• pH adjusters and stabilizers
• Others

The coagulants & flocculants held the largest market share in the type segment around 37.12% in 2023. due to their essential role in inducing sedimentation in sludge treatment methods. These chemicals help impurities to be eliminated by making particles aggregate, which makes water filtration and purification easier. This is especially important in the treatment of wastewater and guaranteeing the provision of clean water for diverse uses.

Disinfectants & biocidal products dominated the market due to rising concern for waterborne diseases and the demand for efficient solutions for safe water sources. Furthermore, strict guidelines and criteria for water purity in different sectors and public water systems also contribute to the expansion of the water treatment chemicals industry.

By End-Use Industry

• Power Generation
• Oil & Gas
• Mining
• Chemical
• Food & Beverage
• Others

In the end-user industry segment power generation held the largest market share around 29.63% in 2023. Power plants, whether they are coal, nuclear, gas, or renewable types, heavily depend on water for cooling systems, steam generation, and maintenance procedures. Particularly for turbines and reactors, significant amounts of water are required for cooling and thus require advanced treatment to avoid scaling, corrosion, and fouling that can affect the efficiency and lifespan of the plant. Furthermore, the demand for advanced water treatment solutions in this industry is also driven by the requirement to adhere to strict environmental regulations regarding wastewater discharge. Power generation facilities have a strong presence in the industrial wastewater treatment market due to their large size and continuous demand for high-quality water treatment services. 

Regional Landscape:

North America dominated the industrial wastewater treatment chemicals market with the highest revenue share of about 36.23% in 2023. Several factors drive North America's leading position in the industrial wastewater treatment market. Advanced technologies are in high demand due to strict environmental regulations in countries such as the US and Canada. In addition, the existence of large industrial centres in different industries such as manufacturing, chemicals, and oil & gas, results in significant amounts of wastewater that need to be treated. Additionally, substantial funding for research and development has resulted in technological progress and a robust presence of established market leaders in the area. Moreover, effective wastewater management practices are aided by a strong infrastructure and capable workforce.

Recent Developments

• In 2023, Veolia expanded its operations by opening a new wastewater treatment facility in Houston, Texas, aimed at enhancing its capabilities in handling industrial wastewater from the oil and gas sector. This expansion strengthens Veolia's presence in a key market.
• In 2022, Pentair launched the Everpure Claris Ultra filtration system, specifically designed for industrial wastewater applications. This new system offers enhanced filtration capabilities and reduced maintenance requirements, targeting various industrial sectors.

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Key Takeaways:

• North America holds the largest market share.
• Coagulants and flocculants hold the largest market share due to their essential role in removing suspended solids and impurities.  
• Companies are investing in new technologies and expanding facilities to improve treatment solutions and meet growing market demands.

Table of Contents – Major Key Points

1. Introduction

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5. Porter’s 5 Forces Model

6. Pest Analysis

7. Industrial Wastewater Treatment Chemicals Market Segmentation, By Type

8. Industrial Wastewater Treatment Chemicals Market Segmentation, By End-use Industry

9. Regional Analysis

10. Company Profiles

11. Competitive Landscape

12. Use Case and Best Practices

13. Conclusion

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