Market Size of Industrial Water Treatment Chemicals Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 22.19 Billion |
| Market Size (2029) | USD 29.75 Billion |
| CAGR (2024 - 2029) | 6.04 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Industrial Water Treatment Chemicals Market Analysis
The Industrial Water Treatment Chemicals Market size is estimated at USD 22.19 billion in 2024, and is expected to reach USD 29.75 billion by 2029, growing at a CAGR of 6.04% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market. It was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
- Over the short term, increasing production of shale gas in the United States and growing production activities in the chemical and paper industry are expected to drive the demand for the industrial water treatment chemicals market during the forecast period.
- Alternatively, alternative water treatment technologies are expected to hinder the studied market's growth.
- However, there is an increasing need for wastewater recycling for reuse and an increasing demand for biocides and disinfectant water treatment chemicals from various end-users.
- Asia-Pacific dominated the global market, with the largest consumption from countries such as China, India, and Japan.
