India Water Treatment Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Water Treatment Chemicals Companies in India and is Segmented by Product Type (Biocides and Disinfectants, Coagulants and Flocculants, Corrosion and Scale Inhibitors, Defoamers and Defoaming Agents, Ph Adjusters and Softeners, and Other Product Types) and End-User Industry (Power Generation, Oil and Gas, Chemical Manufacturing, Mining and Mineral Processing, Municipal, Pulp and Paper, and Other End-User Industries). The Report Offers Market Size and Forecasts for India Water Treatment Chemicals in Value (USD Million) for all the Above Segments.

India Water Treatment Chemicals Market Size

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India Water Treatment Chemicals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 622.38 Million
Market Size (2029) USD 968.02 Million
CAGR (2024 - 2029) > 9.00 %
Market Concentration Low

Major Players

India Water Treatment Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Water Treatment Chemicals Market Analysis

The India Water Treatment Chemicals Market size is estimated at USD 622.38 million in 2024, and is expected to reach USD 968.02 million by 2029, growing at a CAGR of greater than 9% during the forecast period (2024-2029).

The market was negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, various end-user industries, such as petrochemicals, cut their production during the lockdown, considering the decline in demand. However, the market started to recover in 2021 at a steady rate.

  • Over the short term, the increasing demand for treated water is expected to drive the market's growth.
  • However, the toxicity of water treatment chemicals is restraining the demand for water treatment chemicals in the country.
  • The increasing investments in sewage treatment plants are likely to provide a significant growth opportunity to the market studied.
  • Among the applications, the power generation sector accounts for the largest market share and is likely to dominate the market during the forecast period.

India Water Treatment Chemicals Market Trends

Increasing Demand from Corrosion and Scale Inhibitors Segment

• Corrosion inhibitors are general-purpose chemicals applied to counter the corrosion caused in boilers. Corrosion occurs due to the reaction of oxygen with metallic parts in a boiler, which forms oxides. Corrosion affects the boiler's metallic part, thereby increasing energy and maintenance costs. It acts by forming a thin layer of barrier over the exposed parts of the boiler from the water.

• Several types of corrosion inhibitors are used in water boilers, including - condensate line corrosion inhibitors, diethyl hydroxylamine, polyamine, morpholine, cyclohexylamine, and carbon dioxide corrosion inhibitors.

• These inhibitors are also used in cooling water treatment to ensure metal protection and prevent metal loss. This may lead to critical system failures in recirculating water piping, process cooling equipment, and heat exchangers.

• In the boiler water treatment, if untreated water is used in the boiler, it brings with it a number of soluble salts. These remain soluble in cold water, but salts become insoluble with the rise in temperature inside the boiler. Carbonates and bicarbonates are formed from calcium and magnesium chemicals dissolved in water.

• Water boilers, heat exchangers, and cooling systems are the key equipment of the chemical industry. According to India Briefing, the Indian chemicals industry is expected to reach USD 304 billion by 2025, registering a CAGR of 9.3% over 2023. The demand for chemicals is expected to expand by 9% per year over the next three years from 2023, thus increasing demand for corrosion and scale inhibitors, which in turn is expected to stimulate the demand for the water treatment chemicals market within the country.

• The government has designated four PCPIRs (petroleum, chemicals, and petrochemical investment regions) as areas for investing in these industries and related services. The new PCPIR Policy 2020-35 aims to invest INR 10 lakh crore (USD 142 billion) in all PCPIRs over the next three years, INR 15 lakh crore (USD 213 billion) by 2030, and INR 20 lakh crore (USD 284 billion) over the next 13 years.

• The production of major chemicals in 2023-24 (up to Aug 2023) amounted to 53.54 Lakh Tonnes, thereby enhancing the demand for the water chemicals market in the country.

• Therefore, the aforementioned factors are expected to significantly impact the market in the coming years.

India Water Treatment Chemicals Market - Chemical Industry Maret Size, India, USD Billion, 2019-2025

Power Industry to Dominate the Market

• India's power sector consists of conventional sources, such as coal, hydro, and nuclear power, as well as non-conventional sources, such as wind, solar, agriculture, and domestic waste. The country had an installed power capacity of around 4,26,132 MW as of January 2024.

• Water in the power generation industry is used in steam production for spinning turbines, humidifying airflow into gas turbines, intercooling air in gas turbine plants, and various other applications.

• The electric power generation industry is one of the major sources of industrial wastewater. Their wastewater contains significant levels of toxic metal impurities, such as lead, mercury, arsenic, chromium, and cadmium. These impurities can cause significant damage to the environment if not treated properly. Therefore, the electric power generation industry needs water treatment chemicals.

• According to the Ministry of Power and New & Renewable Energy, India's total electricity production during 2022-23 increased by 8.9% compared to the previous year. This led to an increase in wastewater production at the electric generation facility, which positively impacted the market demand for water treatment chemicals in India.

• Electricity demand in the country is expected to grow in the coming years, owing to growing industrialization, urbanization, and population.

• Therefore, the aforementioned factors are expected to significantly impact the market in the coming years.

India Water Treatment Chemicals Market : Total Electricity Generation, In Billion Units, By Financial Year, India, 2017-2023

India Water Treatment Chemicals Industry Overview

The water treatment chemicals market in India is partially fragmented. Key players in the market include (not in any particular order) Nalco Water (Ecolab), Chembond Chemicals Limited, Thermax Limited, Ion Exchange, and Vasu Chemicals LLP, among others.

India Water Treatment Chemicals Market Leaders

  1. Thermax Limited

  2. Nalco Water (Ecolab)

  3. Chembond Chemicals Limited

  4. Ion Exchange

  5. Vasu Chemicals LLP

*Disclaimer: Major Players sorted in no particular order

India Water Treatment Chemicals Market Concentration
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India Water Treatment Chemicals Market News

  • February 2024: Thermax Group signs an agreement to acquire a 51% stake in TSA Process Equipments to offer a one-stop solution for high-purity water requirements of its customers in sectors such as pharma, biopharma, personal care, and food and beverages.
  • October 2023: WABAG Group entered into a partnership with a water treatment optimization technology company called Pani Energy Inc. to implement applied artificial intelligence (AI) for treatment plants to reduce downtime, energy consumption, and chemical usage.
  • September 2022: Toray Industries Inc. opened the Toray India Water Research Center in Chennai, India. The center will step up R&D into applications for its water-treatment membrane technology to help India meet surging treatment demand.

India Water Treatment Chemicals Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand For Treated Water

      2. 4.1.2 Stringent Regulations Around Wastewater Treatment in Industrial Units

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Environmental Concerns of Certain Water-treatment Chemicals

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter Five Forces

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Product Type

      1. 5.1.1 Biocides and Disinfectants

      2. 5.1.2 Coagulants and Flocculants

      3. 5.1.3 Corrosion and Scale Inhibitors

      4. 5.1.4 Defoamers and Defoaming Agents

      5. 5.1.5 pH Adjuster and Softener

      6. 5.1.6 Other Product Types

    2. 5.2 End-user Industry

      1. 5.2.1 Power Generation

      2. 5.2.2 Oil and Gas

      3. 5.2.3 Chemical Manufacturing (including Petrochemicals)

      4. 5.2.4 Mining and Mineral Processing

      5. 5.2.5 Municipal

      6. 5.2.6 Pulp and Paper

      7. 5.2.7 Other End-user Industries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Chembond Chemicals Limited

      2. 6.4.2 Chemtex Speciality Limited

      3. 6.4.3 Dow

      4. 6.4.4 Ecolab (Nalco)

      5. 6.4.5 ION EXCHANGE

      6. 6.4.6 Lonza

      7. 6.4.7 Nouryon

      8. 6.4.8 SicagenChem

      9. 6.4.9 SNF

      10. 6.4.10 Solenis

      11. 6.4.11 Solvay

      12. 6.4.12 Thermax Limited

      13. 6.4.13 VASU CHEMICALS LLP

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 The Increasing Investments in Sewage Treatment Plants

**Subject to Availability
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India Water Treatment Chemicals Industry Segmentation

Water treatment chemicals are widely used in various end-user industries, such as chemicals (including petrochemicals), power generation, and others. These end-user industries generate wastewater from their facilities as a byproduct, which needs to be treated before reuse or disposal, considering the longer shelf life of the equipment and government regulations to protect the environment. Some of the water treatment chemicals include corrosion inhibitors, biocides, flocculants, and others.

The Indian water treatment chemicals market is segmented by product type and end-user industry. By product type, the market is segmented into biocides and disinfectants, coagulants and flocculants, corrosion and scale inhibitors, defoamers and defoaming agents, pH adjusters and softeners, and other product types (oxygen scavengers, etc.). In the end-user industry, the market is segmented into power generation, oil and gas, chemical manufacturing, mining and mineral processing, municipal, food and beverage, pulp and paper, and other end-user industries (pharmaceuticals, etc.). For each segment, the market sizing and forecasts were made on the basis of value (USD).

Product Type
Biocides and Disinfectants
Coagulants and Flocculants
Corrosion and Scale Inhibitors
Defoamers and Defoaming Agents
pH Adjuster and Softener
Other Product Types
End-user Industry
Power Generation
Oil and Gas
Chemical Manufacturing (including Petrochemicals)
Mining and Mineral Processing
Municipal
Pulp and Paper
Other End-user Industries
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India Water Treatment Chemicals Market Research FAQs

The India Water Treatment Chemicals Market size is expected to reach USD 622.38 million in 2024 and grow at a CAGR of greater than 9% to reach USD 968.02 million by 2029.

In 2024, the India Water Treatment Chemicals Market size is expected to reach USD 622.38 million.

Thermax Limited, Nalco Water (Ecolab), Chembond Chemicals Limited, Ion Exchange and Vasu Chemicals LLP are the major companies operating in the India Water Treatment Chemicals Market.

In 2023, the India Water Treatment Chemicals Market size was estimated at USD 566.37 million. The report covers the India Water Treatment Chemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Water Treatment Chemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Water Treatment Chemical in India Industry Report

Statistics for the 2024 Water Treatment Chemical in India market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Water Treatment Chemical in India analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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India Water Treatment Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)