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, Food and Beverage, 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
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 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 is projected to register a CAGR of over 9% during the forecast period.

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

  • Over the short term, the increasing demand from the chemical manufacturing industry 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 major 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

This section covers the major market trends shaping the India Water Treatment Chemicals Market according to our research experts:

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 metallic part of the boiler and thereby increases the cost of energy and maintenance. 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 inhibitor.
  • These inhibitors are also used in cooling water treatment to ensure metal protection and prevent metal loss, which 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 with the rise in temperature inside the boiler, salts become insoluble. Carbonates and bicarbonates are formed from calcium and magnesium chemicals dissolved in water.
  • Water boilers, heat exchangers, and cooling systems are the key equipments of the chemical industry. According to the IBEF, the Indian chemicals industry is expected to reach USD 304 billion over the next three years, registering a CAGR of 9.3%. The demand for chemicals is expected to expand by 9% per year over the next three years, thus leading to an increase in 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 Rs. 10 lakh crore (USD 142 billion) in all PCPIRs over the next three years, Rs. 15 lakh crore (USD 213 billion) by 2030, and Rs. 20 lakh crore (USD 284 billion) over the next 13 years.
  • Major Chemicals' output volume witnessed a y-o-y growth of 5.75% to 4.35 million tonnes in FY2023 (up to July 2022), from 4.15 million tonnes in the same period the year before, thereby enhancing the demand for the water chemicals market in the country.
  • Therefore, the aforementioned factors are expected to show a significant impact on the market in the coming years.
India Water Treatment Chemicals Market - Total Major Chemical Production, Tons, India, 2017-2021

Power Industry to Dominate the Market

  • India's power sector consists of conventional sources, 'such as coal, hydro, and nuclear power' to non-conventional sources, such as wind, solar, and agriculture and domestic waste. The country has an installed power capacity of 408.71 GW as of October 31, 2022, and is the third-largest producer and user of energy globally.
  • Water in the power generation industry is used in steam production for spinning turbines, humidifying airflow into gas turbines, the inter-cooling 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, among others. These impurities can cause significant damage to the environment if not treated properly. Therefore, the electric power generation industry needs water treatment chemicals.
  • Previously, the total electricity generation in India amounted to about 1,491.85 billion units, with a growth rate of about 7.96% compared to 2020, thus leading to an increase in the production of wastewater at the electric generation facility, which in turn positively impacts 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 show a significant impact on the market in the coming years.
India Water Treatment Chemicals Market - Total Electricity Generation, in Billion Units, India, 2017-2021

India Water Treatment Chemicals Industry Overview

The water treatment chemicals market in India is partially fragmented. Key players in the market studied include (not in any particular order) Thermax Limited, ION EXCHANGE, Chemtex Specialty Limited, SicagenChem, and Ecolab (Nalco), among others.

India Water Treatment Chemicals Market Leaders

  1. Thermax Limited

  2. ION EXCHANGE

  3. Chemtex Speciality Limited

  4. SicagenChem

  5. Ecolab (Nalco)

*Disclaimer: Major Players sorted in no particular order

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

  • 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.
  • August 2022: Daiki Axis is building its second sewage treatment facility with a capacity of 1,000 units at Palwal, Haryana, under its subsidiary Daiki Axis India.

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 Rising Ground and Surface Water Pollution

      2. 4.1.2 Growing Demand from Various End-user Industries

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Toxicity Of 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 Food and Beverage

      7. 5.2.7 Pulp and Paper

      8. 5.2.8 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

      14. 6.4.14 WABAG Group

      15. 6.4.15 ZEEL PRODUCT

    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 the various end-user industry, 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 disposing of, 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. By 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. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).

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
Food and Beverage
Pulp and Paper
Other End-user Industries
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India Water Treatment Chemicals Market Research FAQs

The India Water Treatment Chemicals Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)

Thermax Limited, ION EXCHANGE, Chemtex Speciality Limited, SicagenChem and Ecolab (Nalco) are the major companies operating in the India Water Treatment Chemicals Market.

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 Intelligenceā„¢ 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)