The global water treatment chemicals market size is projected to reach USD 42.2 billion by 2027 from USD 35.9 billion in 2022, at a CAGR of 3.2%. The increase in demand for water treatment chemicals and the growing industrial development in the emerging economies, such as Asia Pacific and South America, are driving the market. The increasing demand for chemically treated water in various end-use segments coupled with stringent regulatory and sustainability mandates concerning the environment is driving the market for water treatment chemicals.
The key players in the water treatment chemicals market include Ecolab Inc. (US), Veolia (France), Kurita Water Industries Ltd. (Japan), Baker Hughes (US), Kemira Oyj (Finland), Solenis LLC (US), Nouryon (Netherlands), Dow Inc. (US), SNF Floerger (France), BASF SE (Germany), and Arxada (Switzerland). These market leaders have adopted various organic as well as inorganic growth strategies between 2019 and 2022 to strengthen their position in the water treatment chemicals market. The strategy of mergers & acquisitions and expansions were among the major growth strategies adopted by the leading market players to enhance their geographic presence and meet the growing demand for water treatment chemicals in the emerging economies.
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Ecolab Inc. is one of the leading players operating in the global water treatment chemicals market. Ecolab Inc. offers hygiene, infection prevention, and water solutions & services that protect people and vital resources. The company provides water treatment chemicals through its global industrial business segment. The company offers water treatment products and services to a wide-range of industries including food & beverage processing, chemical, mining & primary metals, power generation, pulp & paper, and commercial laundry. Ecolab Inc. has a strong global presence with operations in more than 170 countries. The company is focusing on increasing its market share by adopting several organic and inorganic strategies including new product development, investment & expansion, and acquisition, to expand its global presence and enhance its competitiveness. For instance, in February 2019, Ecolab acquired Lobster Ink, a leading provider of end-to-end online customer training solutions. It provides Ecolab with an ability to meet the unique training needs of hospitality and foodservice companies in 130 countries globally.
Kemira Oyj is another leading player in the water treatment chemicals market. It offers water treatment chemicals through its industry & water business segment. The company majorly serves its offerings to the water-intensive industries for various water treatment processes. Kemira Oyj has a global presence with sales presence across more than 100 countries. The company emphasizes on R&D through its R&D centers in Europe, North America, and Asia Pacific. The company adopts growth strategies such as investments & expansions, partnerships, and joint ventures to strengthen its footprint. For instance, in June 2021, Kemira Oyj announced an increase in the production capacity of water treatment chemicals at its facility in Yanzhou, China to meet the growing demand for water treatment in China and Asia Pacific region.
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