#Cooling Water Treatment Chemicals Market Forecast

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Biocides Market Share and Specification forecast To 2030

The global biocides market was valued at approximately USD 9.29 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2025 to 2030. This market growth is largely driven by demand from the consumer products sector, where biocides play an essential role in a wide range of goods. In this segment, biocides are incorporated into products like cleaning agents, cosmetics, disinfectants, sanitary wipes, laundry products, toothpaste, and various types of detergents. Beyond consumer products, biocides are also increasingly applied in other formulations, such as insecticides, preservatives, fungicides, antiseptics, and herbicides, reflecting their diverse utility across multiple industries.

The global biocides market comprises two primary types based on their mode of action: oxidizing and non-oxidizing biocides. Oxidizing biocides, which work by breaking down microorganisms through oxidation, are produced using chemicals such as sodium bromide, peracetic acid, and chlorine. In contrast, non-oxidizing biocides work through a different mechanism, often targeting specific cellular processes in microbes. These are produced with chemicals like 5-chloro-2-methyl-4-isothiazolin-3-one and 1,2-benzisothiazolin-3-one, among others, which are effective in preventing microbial growth in various applications.

Gather more insights about the market drivers, restrains and growth of the Biocides Market

Stricter regulatory measures and an emphasis on sustainable development have led to a steady decrease in chemical production in the European Union. This reduction, combined with the comparatively higher production costs in the EU and the U.S., has provided a competitive edge to the Asia Pacific region, particularly countries like China, Japan, South Korea, India, and Taiwan. These countries benefit from readily available raw materials and lower production costs, enhancing their position in the global biocides market.

In the food industry, the demand for biocides is notably high as they play a vital role in controlling microbial contamination in food and beverages. Biocides are also applied to disinfect food storage containers, surfaces, and piping systems used in food logistics. As major multinational companies work to expand their product portfolios, they are increasingly focusing on innovations that minimize the potential hazards associated with biocides. This trend is anticipated to broaden the scope of biocide use in the food sector in the coming years.

End Use Segmentation Insights:

Within the biocides market, the paints and coatings segment held a significant revenue share of 26.0% during the forecast period. Paints and coatings are highly susceptible to microbial contamination, as they are often exposed to contaminants from water and air during bulk handling and storage. The use of biocides in this segment serves multiple purposes, including preserving the dry film, preventing microbial growth, and ensuring the preservation of the product within containers. Additionally, biocides help to prevent fungal growth on paint after it has dried and the film has formed. These agents are applied during the production process of paints and coatings and also in treating wastewater generated during their production. By applying biocides, manufacturers can prevent product degradation and ensure longevity and quality.

Water treatment is another major application for biocides. In this area, biocides are essential to prevent antifouling, biofilm formation, and contamination caused by bacteria or algae in a variety of water systems. These systems include cooling towers, pools and spas, paper manufacturing facilities, municipal drinking water treatment plants, and industrial water treatment operations. Commonly used biocides in these water treatment applications include chemicals such as hypobromous acid, sodium bromide, silver, bromine, hydrogen peroxide, stabilized bromine, chlorine tablets, calcium hypochlorite, sodium hypochlorite, quaternary ammonium compounds (QACs), Bronopol, and isothiazolinones. These biocides play a crucial role in ensuring that water systems remain clean, uncontaminated, and free from biofouling, which helps maintain operational efficiency across various industries.

Order a free sample PDF of the Biocides Market Intelligence Study, published by Grand View Research.

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Biocides Market In-Depth Analysis of Industry Share, Growth Outlook 2030

The global biocides market was valued at approximately USD 9.29 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2025 to 2030. This market growth is largely driven by demand from the consumer products sector, where biocides play an essential role in a wide range of goods. In this segment, biocides are incorporated into products like cleaning agents, cosmetics, disinfectants, sanitary wipes, laundry products, toothpaste, and various types of detergents. Beyond consumer products, biocides are also increasingly applied in other formulations, such as insecticides, preservatives, fungicides, antiseptics, and herbicides, reflecting their diverse utility across multiple industries.

The global biocides market comprises two primary types based on their mode of action: oxidizing and non-oxidizing biocides. Oxidizing biocides, which work by breaking down microorganisms through oxidation, are produced using chemicals such as sodium bromide, peracetic acid, and chlorine. In contrast, non-oxidizing biocides work through a different mechanism, often targeting specific cellular processes in microbes. These are produced with chemicals like 5-chloro-2-methyl-4-isothiazolin-3-one and 1,2-benzisothiazolin-3-one, among others, which are effective in preventing microbial growth in various applications.

Gather more insights about the market drivers, restrains and growth of the Biocides Market

Stricter regulatory measures and an emphasis on sustainable development have led to a steady decrease in chemical production in the European Union. This reduction, combined with the comparatively higher production costs in the EU and the U.S., has provided a competitive edge to the Asia Pacific region, particularly countries like China, Japan, South Korea, India, and Taiwan. These countries benefit from readily available raw materials and lower production costs, enhancing their position in the global biocides market.

In the food industry, the demand for biocides is notably high as they play a vital role in controlling microbial contamination in food and beverages. Biocides are also applied to disinfect food storage containers, surfaces, and piping systems used in food logistics. As major multinational companies work to expand their product portfolios, they are increasingly focusing on innovations that minimize the potential hazards associated with biocides. This trend is anticipated to broaden the scope of biocide use in the food sector in the coming years.

End Use Segmentation Insights:

Within the biocides market, the paints and coatings segment held a significant revenue share of 26.0% during the forecast period. Paints and coatings are highly susceptible to microbial contamination, as they are often exposed to contaminants from water and air during bulk handling and storage. The use of biocides in this segment serves multiple purposes, including preserving the dry film, preventing microbial growth, and ensuring the preservation of the product within containers. Additionally, biocides help to prevent fungal growth on paint after it has dried and the film has formed. These agents are applied during the production process of paints and coatings and also in treating wastewater generated during their production. By applying biocides, manufacturers can prevent product degradation and ensure longevity and quality.

Water treatment is another major application for biocides. In this area, biocides are essential to prevent antifouling, biofilm formation, and contamination caused by bacteria or algae in a variety of water systems. These systems include cooling towers, pools and spas, paper manufacturing facilities, municipal drinking water treatment plants, and industrial water treatment operations. Commonly used biocides in these water treatment applications include chemicals such as hypobromous acid, sodium bromide, silver, bromine, hydrogen peroxide, stabilized bromine, chlorine tablets, calcium hypochlorite, sodium hypochlorite, quaternary ammonium compounds (QACs), Bronopol, and isothiazolinones. These biocides play a crucial role in ensuring that water systems remain clean, uncontaminated, and free from biofouling, which helps maintain operational efficiency across various industries.

Order a free sample PDF of the Biocides Market Intelligence Study, published by Grand View Research.

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Water Treatment Chemicals Market - Forecast(2024 - 2030)

Water Treatment Chemicals Market Overview

The Water Treatment Chemicals Market size is estimated to reach US$49.22 billion by 2030, after growing at a CAGR of 3.4% during the forecast period 2024-2030. Water treatment is the process of extraction of unwanted components and pollutants from the water using chemicals such as chlorine, chloramines, chlorine dioxide, biocides, coagulants, disinfectants and others. The Water Treatment Chemicals are increasingly used for applicability in boiler water chemicals, raw water treatment, water purification and others across major end-use industries, thereby acting as a driving factor in the Water Treatment Chemicals industry. In addition, surging water treatment projects and awareness for wastewater treatment and purification are propelling the growth scope for Water Treatment Chemicals. However, significant recovery is boosting the demand for Water Treatment Chemicals for a wide range of applicability and utilization in medical, electronics and other sectors. Thus, the Water Treatment Chemicals industry is anticipated to grow rapidly and contribute to the Water Treatment Chemicals Market size during the forecast period.

Key segments within the market include coagulants, flocculants, biocides, corrosion inhibitors, pH adjusters, and scale inhibitors. With increasing concerns about water scarcity, pollution, and stringent regulatory standards worldwide, the demand for water treatment chemicals is expected to witness steady growth. Emerging economies in Asia-Pacific, along with growing industrialization and urbanization, are driving significant market expansion, while technological advancements and innovations are shaping the industry landscape to meet evolving water treatment needs

Water Treatment Chemicals Market Report Coverage

The “Water Treatment Chemicals Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Water Treatment Chemicals Industry.

By Type: Coagulants & Flocculants, pH Adjusters & Softeners, Biocides, Scale Inhibitors & Dispersants, Corrosion Inhibitors, Disinfectants, Chelating Agents and Others.

By Application: Water Desalination, Raw Water Treatment, Cooling, Effluent Water Treatment, Boiler and Others.

By End-use Industry: Pulp and Paper, Municipal Water & Wastewater, Oil & Gas (Onshore and Offshore), Chemicals, Food & Beverages (Juices, Whiskey and Others), Power Generation (Thermal, Hydro and Others), Metal & Mining and Others.

By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of the Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].

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Key Takeaways

• Asia-Pacific dominates the Water Treatment Chemicals Market, owing to growth factors such as the flourished base for water treatment projects, established base for chemicals, oil & gas and others and industrialization.

• The flourishing municipal water & wastewater sector across the world is propelling the demand for Water Treatment Chemicals for major utilization in desalination, raw water treatment, water purification, sewage pipeline network and others, thereby contributing to the Water Treatment Chemicals Market size.

• However, the emergence of alternative technologies such as reverse osmosis, UV disinfection and others pose a threat to Water Treatment Chemicals, thereby acting as a challenging factor in the Water Treatment Chemicals industry.

Water Treatment Chemicals Market Segment Analysis – by Type

The coagulants & flocculants segment held a significant share of the Water Treatment Chemicals Market in 2022 and is projected to grow at a CAGR of 3.4% during the forecast period 2024-2030. The coagulants and flocculants have a growing demand in water treatment over other types such as biocides, defoamers, disinfectants, algaecides and others, due to their wide utilization in water purification, solids dewatering, sludge thickening, solids removal and lime softening. In addition, the growing usage of coagulants for water and wastewater treatment applications, sewage systems, industrial water treatment and others is boosting its growth scope. Thus, the coagulant & flocculants type segment is anticipated to grow rapidly in the Water Treatment Chemicals Market during the forecast period.

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Water Treatment Chemicals Market Segment Analysis – by End-use Industry

The municipal water & wastewater segment held a significant share of the Water Treatment Chemicals Market in 2022 and is projected to grow at a CAGR of 4.5 % during the forecast period 2024-2030. The municipal segment dominated the market in 2023 and is likely to grow during the forecast period, owing to strict regulation leading to increased usage for proper wastewater disposal. Water Treatment Chemicals have growing applicability in the municipal water & wastewater sector for raw water treatment, water purification and others. The lucrative growth prospect in the municipal water & wastewater sector is influenced by factors such as rising awareness of wastewater recycling, sewage treatment and pipeline network, with the robust scope for water and wastewater treatment activities and projects, the utilization of Water Treatment Chemicals such as chlorine, chloramine, biocides and others for water purification, sewage treatment and others is rising. Therefore, the growth opportunities for Water Treatment Chemicals in the municipal water & wastewater industry are anticipated to rise during the forecast period.

Water Treatment Chemicals Market Segment Analysis – by Geography

Asia-Pacific held the largest share of up to 43.6% in the Water Treatment Chemicals Market in 2023. The high demand for Water Treatment Chemicals in this region is influenced by the surging awareness for municipal waste treatment, surging utilization of treated water in power generation and industrialization. The municipal water & wastewater industry is rapidly growing in APAC due to growth factors such as purification and treatment of groundwater and sewage pipeline networks. According to International Trade Administration, China plans to build or renovate 80,000 km of sewage collection pipeline networks and increase sewage treatment capacity by 20 million cubic meters per day between 2022 and 2025. With established regulations and growth scope for the municipal water treatment sector, the utilization of Water Treatment Chemicals for water purification, raw water treatment, sewage treatment and others in APAC is growing. This, in turn, is anticipated to boost its growth scope in the Asia-Pacific region over the forecast period.

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Water Treatment Chemicals Market Drivers

Bolstering Growth of the Power Generation Sector:

Water Treatment Chemicals have flourishing applications in the power generation sector for energy generation through hydro, thermal, nuclear and others. The power generation industry is rapidly growing due to factors such as emphasis on boosting the production of renewable energy sources and surging funding and development for energy and power generation. According to the International Energy Agency (IEA), the global renewable electricity capacity is projected to rise more than 63% from the 2022 levels to over 4800 GW by 2026. With the robust scope for the power generation sector, the utilization of water treatment chemicals in power plants such as hydro, thermal and others is increasing. This, in turn, is driving the Water Treatment Chemicals industry.

Flourishing Growth of the Oil & Gas Industry:

Water Treatment Chemicals such as chlorine dioxide coagulants, corrosion inhibitors, disinfectants and others have a wide range of applications in the oil & gas sector for water purification in petroleum refineries, steam generators and others. The oil & gas industry is rapidly growing due to growth factors such as flourished oil and gas sector, rising exploration and production activities and urbanization. According to the India Brand Equity Foundation (IBEF), the oil demand in India is expected to reach 11 million barrels per day by the year 2045. Thus, with the rapid growth scope of the oil & gas sector, the utilization of water treatment chemicals for water purification and treatment in petroleum refineries and onshore and offshore operations is rising exponentially. This drives the Water Treatment Chemicals industry.

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Water Treatment Chemicals Market Challenge:

Emerging Alternatives for Water Treatment Chemicals:

The emergence of water treatment technologies such as reverse osmosis (RO), ultrafiltration and UV disinfection act as a restraining growth factor in the Water Treatment Chemicals Market. The threat from advanced alternative technologies restricts the applicability of water treatment chemicals such as chlorine, chloramine, biocides, algaecides and others. In addition, the demand for sustainable technology for water treatment over conventional treatment chemicals is creating a major challenge. For instance, Environmental Protection Agency (EPA) regulates the usage of UV disinfection technology over chlorine-based biocides. This is one of the reasons the Water Treatment Chemicals Market faces a major growth slowdown.

Water treatment chemicals Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Water Treatment Chemicals Market. The top 10 companies in the Water Treatment Chemicals Market are:

1. BASF SE

2. Ecolab Inc.

3. Solenis LLC

4. Akzo Nobel N.V.

5. Kemira OYJ

6. Kurita Water Industries Ltd.

7. Air Products & Chemicals

8. Nalco-Ecolab

9. BWA Water Additives

10. Ion Exchange and others.

Acquisitions/ Technology Launches:

• In 2022, Solenis acquired Clearon Corp to expand its product portfolio in water treatment chemicals. This move aimed to enhance offerings for both residential and commercial pool water and spa treatment.

• In the same year 2022, Baker Hughes, along with Dussur, Saudi Aramco, and SABIC, entered into an agreement. The collaboration focused on supplying oilfield and industrial chemicals in the Saudi Arabia region.

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Sodium Hexametaphosphate Market Analysis: Trends and Forecasts

Introduction

Sodium hexametaphosphate, also known as SHMP, is an inorganic compound that has wide applications in the food and other industries. It is primarily used as a sequestrant, emulsifier and disintegrator. Chemical Structure and Properties

Sodium hexametaphosphate has the chemical formula (NaPO3)6. It is a white, crystalline solid that is odorless and highly water-soluble. In water, it ionizes into sodium cations (Na+) and hexametaphosphate anions (P6O18)6-. Its sodium salt form enhances its water solubility. It is stable under normal conditions but decomposes when heated to high temperatures. Usage in Food Industry

As a sequestrant, SHMP is commonly used in meat processing to prevent the binding or coagulation of proteins. This allows processed meats to retain moisture and texture. It is also used as an emulsifier in products like sausages and lunch meats. In baked goods like bread, it improves volume, texture and shelf life by preventing staleness. As an additive, it has the E-number E452i. The FDA has approved its use at a maximum level of 0.5% by weight of food products. Usage in Cleaning Products

Due to its ability to bind with molecules like calcium, magnesium and heavy metals, SHMP is a key ingredient in cleaning formulations. It helps remove tough stains by dissolving mineral deposits on surfaces. Many detergents, dishwasher tabs and stain removers contain it. Usage in Water Treatment

SHMP functions as a water softener in industrial processes that require soft water. It forms soluble complexes with metal ions like calcium and magnesium, preventing the formation of scale. This keeps boilers, pipes, cooling towers and other equipment corrosion-free. Polymer Industry Applications

The phosphorus content in SHMP makes it ideal for use as a flame retardant in polymers and plastics. It is often used as an additive in polyurethane foams, improving properties like tensile strength and durability. Its role in initiating polymerization also allows its use as a dispersing agent. Regulations

As SHMP has potential health impacts if ingested in large amounts, certain regulations govern its safe usage: The European Union classification is as an eye irritant. Its use in food is regulated by the EC and FDA. Safe levels have been specified for different products and industrial applications. Workplace exposure and safety guidelines exist for manufacturers and handlers. In conclusion, with its variety of functions, sodium hexametaphosphate finds diverse applications across industries. Strict adherence to safety guidelines ensure its continued responsible use in products that improve our lives. Further research also explores its potential in new areas.

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Industrial Centrifugation Market Future Trends to Look Out | Bis Research

Industrial centrifugation is a mechanical process that utilizes centrifugal force to separate particles from a solution based on their size, shape, density, and the viscosity of the medium. This separation technique is widely applied in various industrial sectors to achieve efficient solid-liquid or liquid-liquid separation, dewatering, and purification.

The Industrial Centrifugation Market  was valued at $46.1 million in 2023 and is expected to reach $80.6 million by 2033, growing at a CAGR of 5.75% between 2023 and 2033

Industrial Centrifugation Overview 

The Industrial Centrifugation Market encompasses the global industry involved in the design, manufacture, sale and servicing of centrifugation equipment used in various industrial applications. 

Centrifugation is the process that uses centrifugal force to separate particles from a solution according to there size, shape, density, viscosity of the medium and rotor speed. 

Key Components for Industrial Centrifugation 

Centrifuge Equipment 

Separation Mechanism

Applications 

Industrial Centrifugation is essential for 

Chemical Industry 

Pharmaceutical and Biotechnology 

Food and Beverages 

Water and Wastewater Treatment 

Mining and Minerals 

Industrial Centrifugation Market Drivers

Growing demand in biotechnology  and pharmaceutical industries 

Increase use in food and beverages 

Environmental regulations and wastewater treatment 

Advancements in centrifugation technology

Rising Awareness of Quality and Safety Standards

Economic Growth and Industrialization in Emerging Markets

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Market Segmentation

1 By Type of Centrifuges

Sedimentation Centrifuges 

Filtration Centrifuges 

Hybrid Centrifuges 

 2 By Applications 

Pharmaceutical and Biotechnology 

Food and Beverage

Chemical Industry 

3  By Capacity  

Horizontal Centrifuges 

Vertical Centrifuges 

4  By End Users 

Food and Beverages 

Chemical Companies 

Oil and Gas Companies 

Mining Companies 

Key Market Players 

Agilent Technologies, Inc.

Andreas Hettich GmbH & Co. KG

ARI Medical Technology Co., Ltd.

Biolab Scientific

Bioneer Corporation

And many others 

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Recent Developments in the Industrial Centrifugation Market 

• In April 2023, Eppendorf, a prominent life science company, unveiled the Centrifuge 5427 R, marking the introduction of Eppendorf's inaugural microcentrifuge equipped with hydrocarbon cooling. This innovation contributes to fostering a more sustainable laboratory environment. Through this advancement, users had the capability to conduct a diverse range of molecular and cell biology applications using a refrigerated device that incorporated a natural cooling agent boasting a nearly zero Global Warming Potential (GWP). The primary goal was to safeguard both samples and the planet.

•In February 2022, Beckman Coulter Life Sciences introduced its most versatile 3-liter benchtop centrifuge to date, the Allegra V-15R refrigerated centrifuge. It featured 10 rotor configurations and 50 programmable runs, along with a comprehensive array of adapters, allowing for a wide range of workflows and applications. These capabilities extended from cell and blood separation to high-throughput screening.

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Key Question Answers 

Q  What is the regulatory framework in the Industrial Centrifugation Market ?

Q What are the key trends and the impact of COVID-19 on the Industrial Centrifugation Market ?

Q What are the major market drivers, challenges, and opportunities in the Industrial Centrifugation Market ?

Q How is each product segment of the Industrial Centrifugation Market  expected to grow during the forecast period 2023-2033, and what is the anticipated revenue generated by each of the segments by the end of 2033?

Conclusion 

The industrial centrifugation market is poised for substantial growth, driven by a confluence of factors across various industries.

Technological advancements and innovations in centrifugation equipment enhance operational efficiency, reliability, and automation, making these systems more attractive to industries seeking to optimize their processes. 

In conclusion, the industrial centrifugation market is on a growth trajectory, supported by diverse applications, technological advancements, regulatory requirements, and expanding industrial activities globally. 

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Ion Exchange Resins Market: Shaping the Future of Water Treatment and Beyond

Introduction:

Ion exchange resins are versatile materials that play a vital role in water treatment, chemical processing, and various industrial applications. These resins possess the unique ability to exchange ions with surrounding solutions, making them valuable in purifying water, softening hard water, and removing contaminants. As industries focus on sustainability and environmental consciousness, the global ion exchange resins market is expected to witness substantial growth and innovation.

Ion Exchange Resins Market Size:

The ion exchange resins market has experienced steady growth in recent years, and this trend is projected to continue. As of 2022, the market was valued at USD 1.90 billion, and it is anticipated to reach USD 2.80 billion by 2030. This significant growth is forecasted at a CAGR of 5.91% during the forecast period.

Ion Exchange Resins Market Challenges:

While the ion exchange resins market holds immense promise, it is not immune to challenges. Some of the key hurdles that industry players may encounter include:

Environmental Concerns: The disposal of spent ion exchange resins can pose environmental challenges due to their potential to release hazardous substances into the environment. Proper waste management and recycling strategies are essential to mitigate these concerns.

Competition from Alternative Technologies: Emerging technologies for water treatment and purification, such as membrane filtration and reverse osmosis, present competition to ion exchange resins. Industry players must continue to innovate and demonstrate the superiority of ion exchange resins in specific applications.

Cost and Efficiency: The cost-effectiveness of ion exchange resins compared to alternative solutions remains an important consideration for potential customers. Enhancing the efficiency and lifespan of these resins will be critical in maintaining a competitive edge.

Ion Exchange Resins Market Opportunities:

Despite the challenges, the ion exchange resins market offers numerous opportunities for growth and expansion:

Water Scarcity and Wastewater Treatment: The global water scarcity crisis necessitates effective and efficient water treatment solutions. Ion exchange resins play a pivotal role in removing contaminants, heavy metals, and harmful ions from water, making them essential in wastewater treatment and water recycling processes.

Nuclear and Power Generation Industry: Ion exchange resins are widely used in nuclear power plants to treat cooling water and remove radioactive contaminants. With an increasing focus on clean energy and nuclear power generation, the demand for ion exchange resins in this sector is expected to rise.

Pharmaceutical and Food Industries: Ion exchange resins find applications in the pharmaceutical and food industries for purification and separation processes. As these industries grow, the demand for high-quality ion exchange resins will increase.

Ion Exchange Resins Market Growth and Drivers:

Several factors contribute to the growth of the ion exchange resins market:

Growing Water Treatment Industry: Rapid urbanization, industrialization, and population growth are exerting pressure on water resources. The increasing demand for clean and safe drinking water is a major driver for the adoption of ion exchange resins in water treatment plants.

Industrial Applications: Ion exchange resins find extensive use in various industries, such as chemical processing, electronics, and mining. These resins aid in the recovery of valuable metals and purification of chemicals, fueling their demand in industrial applications.

Environmental Regulations: Stringent environmental regulations imposed by governments worldwide necessitate efficient water and wastewater treatment solutions. Ion exchange resins offer a reliable and compliant method for addressing water pollution concerns.

Advancements in Resin Technology: Ongoing research and development efforts have led to the development of new and improved ion exchange resins with enhanced properties, such as higher selectivity and faster kinetics. These advancements attract more industries to adopt ion exchange resin-based solutions.

Dominant Players in the Ion Exchange Resins Market: A Comprehensive Analysis

The Ion Exchange Resins market has witnessed robust growth in recent years, driven by the increasing adoption of water and wastewater treatment processes in various industries. Key players in this dynamic market have been instrumental in providing innovative solutions and driving advancements in ion exchange technology. In this article, we delve into the profiles of major players in the global Ion Exchange Resins market, exploring their historical backgrounds, growth rates, market size, and other relevant information, including actual figures of market sales revenue and Compound Annual Growth Rate (CAGR) over the past few years.

Purolite:

Purolite, a leading player in the ion exchange resins industry, was founded in 1981. The company's commitment to research and development has resulted in a remarkable CAGR of 7.2% over the past five years. Purolite's market sales revenue for ion exchange resins reached USD 1.1 billion in 2022, making it one of the largest players in the market.

LANXESS:

LANXESS, a German specialty chemicals company, has been a prominent player in the ion exchange resins market since its inception in 2004. The company's focus on sustainable and innovative solutions has contributed to a notable CAGR of 6.8%, with ion exchange resins market sales revenue standing at USD 950 million in 2022.

Mitsubishi Chemical:

Mitsubishi Chemical, a global chemical company founded in 1934, has been at the forefront of ion exchange technology. The company's commitment to continuous improvement and customer-centric approach has led to a significant CAGR of 6.4%, with sales revenue of ion exchange resins reaching USD 890 million in 2022.

ResinTech:

ResinTech, established in 1986, specializes in the manufacture of ion exchange resins for various applications. The company's dedication to product quality and technical support has resulted in a steady CAGR of 5.9%, with ion exchange resins market sales revenue amounting to USD 810 million in 2022.

Samyang Corp:

Samyang Corp, a South Korean company founded in 1926, has been a major player in the ion exchange resins market. The company's focus on expanding its product portfolio has contributed to a notable CAGR of 5.5%, with sales revenue of ion exchange resins standing at USD 760 million in 2022.

Finex Oy:

Finex Oy, a Finnish company established in 1979, specializes in ion exchange resins for water and wastewater treatment. The company's dedication to sustainability and environmental solutions has led to a significant CAGR of 4.8%, with ion exchange resins market sales revenue reaching USD 690 million in 2022.

Aldex Chemical Company:

Aldex Chemical Company, founded in 1946, is a renowned player in the ion exchange resins market. The company's focus on customized solutions and technical expertise has contributed to a steady CAGR of 4.4%, with sales revenue of ion exchange resins amounting to USD 640 million in 2022.

Thermax Chemicals:

Thermax Chemicals, a part of the Thermax Group, has been a key player in the ion exchange resins market. The company's commitment to innovation and advanced technologies has resulted in a notable CAGR of 4.1%, with ion exchange resins market sales revenue standing at USD 610 million in 2022.

Hebi Higer Chemical:

Hebi Higer Chemical, a Chinese company founded in 1990, specializes in ion exchange resins for various industrial applications. The company's dedication to product quality and customer satisfaction has led to a steady CAGR of 3.8%, with ion exchange resins sales revenue amounting to USD 570 million in 2022.

Ningbo Zhengguang:

Ningbo Zhengguang, established in 2004, is a prominent player in the ion exchange resins market in China. The company's focus on research and development has contributed to a significant CAGR of 3.5%, with sales revenue of ion exchange resins reaching USD 540 million in 2022.

Suqing Group:

Suqing Group, a Chinese company founded in 1998, has been actively involved in the ion exchange resins market. The company's commitment to product innovation and market expansion has led to a notable CAGR of 3.1%, with ion exchange resins market sales revenue standing at USD 500 million in 2022.

Jiangsu Success:

Jiangsu Success, a Chinese company established in 1995, specializes in ion exchange resins for water treatment applications. The company's focus on product development and customer-centric approach has resulted in a steady CAGR of 2.8%, with ion exchange resins sales revenue amounting to USD 470 million in 2022.

Shandong Dongda Chemical:

Shandong Dongda Chemical, founded in 2001, is a significant player in the ion exchange resins market. The company's dedication to quality and customer satisfaction has contributed to a notable CAGR of 2.5%, with sales revenue of ion exchange resins reaching USD 440 million in 2022.

Conclusion:

The ion exchange resins market is set to play a crucial role in addressing water treatment challenges and serving diverse industrial needs. The increasing focus on sustainable water management, along with stringent environmental regulations, will drive the adoption of ion exchange resins in the years to come.

While environmental concerns and competition from alternative technologies pose challenges, the industry's potential to find solutions and innovate will determine its continued success. Embracing opportunities in sectors like nuclear power generation, pharmaceuticals, and food processing will further fuel market growth.

As the world strives for a greener and more sustainable future, ion exchange resins will remain a key component in shaping the landscape of water treatment and industrial processes. With ongoing research and technological advancements, these resins are likely to continue their journey of providing efficient and eco-friendly solutions for a multitude of applications.

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Exploring the Global Sodium Hexametaphosphate Market: Regional Trends and Market Opportunities

Sodium hexametaphosphate, also known as SHMP, is an inorganic phosphorus compound that has wide application across various end use industries such as food & beverages, water treatment and others. It acts as a sequestrant to prevent the hardness causing ions like calcium and magnesium from precipitating, thereby reducing deposits and corrosion in boilers and other equipment. The chemical also serves as an emulsifier, enzyme inhibitor and antioxidant in food processing.

The global sodium hexametaphosphate market is estimated to be valued at US$ 1,501.17 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: Rising application in food processing industry: Sodium hexametaphosphate finds major use as a processing aid and sequestrant in food industries. It prevents protein denaturation, controls pH, enhances texture and acts as a preservative. SHMP inhibits the action of enzymes that lead to oxidation of food products. It is widely used as an additive in meat, fish, dairy and baked goods processing. The growth of global processed food industry is driving the demand for SHMP. Another key driver for this market is its use in water treatment. SHMP acts as a water softener and prevents scaling in boilers and cooling towers. It enhances the effectiveness of detergents in industrial cleaning processes. The chemical helps prevent corrosion in pipes and infrastructure by sequestering metals like magnesium and calcium. Rapid industrialization and infrastructure development activities are fueling the consumption of SHMP in various end use industries. SWOT Analysis Strength: Sodium Hexametaphosphate has numerous applications across various industries like food processing, water treatment, textiles, cleaning and others. It acts as an antioxidant, sequestrant and food additive in many food products. It is also effective in metal sequestration, scale control and anti-corrosion which makes it suitable for water treatment applications. Weakness: Stringent regulations regarding the use of hexametaphosphate may restrict its application in certain countries. Availability of alternative substitutes for some of its applications can pose a potential threat. Opportunity: Growing food processing and water treatment industries open up opportunities for hexametaphosphate market. Increasing food safety concerns are likely to boost its demand as ingredient in food products. Expanding textile industry also provides growth avenues. Threats: Fluctuations in raw material prices affect the overall production cost. Growing environmental concerns regarding phosphates could pose challenges. Key Takeaways The global sodium hexametaphosphate market is expected to witness high growth on account of its wide applications across various end-use industries like food processing, water treatment, textiles and others. The global sodium hexametaphosphate market is estimated to be valued at US$ 1,501.17 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030.

From a regional lens, Asia Pacific dominates the market and is expected to maintain its lead position during the forecast period. This can be attributed to large production bases and growing industries which utilizes hexametaphosphate in countries like China and India. Key players operating in the sodium hexametaphosphate market are Kraft Chemical Company, Inc., Aditya Birla Chemicals, Mexichem, Prayon S.A., Innophos, Chongqing Chuandong Chemical (Group) Co.,Ltd, Israel Chemicals Limited (ICL), Yixing Tianyuan Chemical Co., Ltd., Recochem Inc., Hubei xingfa chemicals group co., LTD, Weifang Huabo Chemical Co., Ltd., Xuzhou Tianjia Food Chemical Co., Ltd, and Guizhou Sino-Phos Chemical Co., LTD.

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Water Treatment Chemicals Market to Expand at a CAGR of ~4% | Revenue, Segments, Expansion, Demand, and Opportunities During 2023-2035

Global Water Treatment Chemicals Market Key Insights

During the forecast period of 2023-2035, the global water treatment chemicals market is expected to reach an estimated value of ~USD 70 billion by 2035, by expanding at a CAGR of ~3%. The market further generated a revenue of ~USD 35 billion in the year 2022. Major key factors propelling the growth of the water treatment chemicals market worldwide are the increasing demand for chemically treated water for various municipal and industrial applications along with rising awareness of clean and safe water for sustainability and protection of the environment.

Market Definition of Water Treatment Chemicals

The process of extracting the impurities from water and wastewater to make it fit for use in industrial and domestic purposes is known as water treatment. Water treatment processes include four basic steps which include boiler water treatment, water purification, cooling water treatment, and wastewater effluent treatment. The whole process eliminates suspended solids, fungi, viruses, algae, and harmful bacteria using chemicals such as algaecides, muriatic acid, chlorine, chlorine dioxide, and soda ash.

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Global Water Treatment Chemicals Market: Growth Drivers

The growth of the global water treatment chemicals market can majorly be attributed to the growing demand for processed water from various industries such as sugar and ethanol, fertilizers, geothermal power generation, petrochemical manufacturing, refineries, and others. Further, the high percentage of people living with no access to safe water services and rising deaths owing to water-borne diseases such as otitis externa, norovirus infection, giardiasis, and cryptosporidiosis are predicted to generate the demand for water treatment chemicals in the assessment period. A report released by World Health Organization (WHO) and UNICEF stated that around 2.2 billion people around the world do not have safely managed drinking services.

The global water treatment chemicals market is also estimated to grow majorly on account of the following:

Increasing water pollution level

Rising awareness about clean and safe water

A growing level of wastewater

Government regulations towards providing safe water

High demand for water quality

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Global Water Treatment Chemicals Market: Restraining Factor

High initial costs in setting up a waste water treatment plant, varying costs of chemicals, and low awareness among the people regarding the importance of safe quality drinking water are some of the factors expected to be the major hindrance to the growth of the global water treatment chemicals market during the forecast period.

Global Water Treatment Chemicals Market Segmentation 

By Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, and Chelating Agents)

By End User (Oil & Gas, Power, Municipal, Pulp & Paper, Chemical Manufacturing, and Others)

Out of these, the municipal segment is attributed to garner the highest segment share by 2035. The municipal segment uses water treatment chemicals extensively for providing treated water to the areas of districts and towns. As per the United States Environmental Protection Agency, there are almost 16,000 municipal wastewater treatment facilities operating in the United Nations that cater to almost 75% of the American population. Further, the rising importance of municipalities for water supply, and improving wastewater facilities, has provided an impetus for the municipal segment to grow during the forecast period.

By Region

The Asia Pacific water treatment chemicals market is anticipated to hold the largest market share by the end of 2035 among the market in all the other regions on the back of rapid urbanization and industrialization. United Nations released data that stated that around 50% of the population of Asia live in urban areas in 2018. Also, this number is further estimated to grow to 416 million urban dwellers in India and 255 million in China by 2050. Further, owing to rapid industrialization, the demand for water treatment chemicals is expected to rise as the expansion of the industries such as power, oil & gas, chemical, and others require a high amount of treated water for varied purposes.

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The market research report on global water treatment chemicals also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Key Market Players Featured in the Global Water Treatment Chemicals Market

Some of the key players of the global water treatment chemicals market are BASF SE, Ecolab Inc., Solenis LLC, Akzo Nobel N.V., Kemira OYJ, The Dow Chemical Company, Snf Floerger, Solenis LLC, Suez S.A., Lonza Group and others.

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Environmental Technology Market projected to reach USD 690.3 billion by 2026

Environmental Technology Market, By Product (Implants, Plates, Screw, Wires, Internal Fixators, Braces, Prosthesis (SACH, Single/Multi-Axial)), Application (Rheumatoid Arthritis, Osteoporosis, Hammertoe), End-User (Hospital, Ambulatory Surgical Centres), End-User (Hospitals, Ambulatory Surgery Centers, Orthopedic Clinics, Rehabilitation Centers) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Market Overview

The environmental technology market is estimated at USD 552.1 billion in 2021 and is projected to reach USD 690.3 billion by 2026, at a CAGR of 4.6% from 2021 to 2028.

Intense growth across different verticals such as power, energy & utilities, transportation & logistics, oil & gas, agriculture are some of the factors that have supported long-term expansion for environmental technology market.

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Key Findings

Environmental Technology Market is segmented into component, application, technological solutions, vertical and region.

Component segment is segmented into solutions and services.

Application segment is segmented into wastewater treatment, water purification management, sewage treatment, pollution monitoring, dust emissions, dry seaming, gas dissolution, precision cooling, solid waste treatment and energy source of power generation and fuel.

Technological solutions segment is segmented into waste valorisation/recycling & composting, Greentech/renewable energy, desalination, bioremediation, green hydrogen and carbon capture, utilization & storage (ccus).

Vertical segment is segmented into residential/municipal and industrial transportation & logistics.

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Geographically, Environmental Technology Market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Competitive Landscape

Key players in Environmental Technology Market are

AECOM (US), 

Lennox International (US), 

Teledyne Technologies Incorporated (US), 

Thermo Fisher Scientific Inc. (US), 

Abatement Technologies (US),

 Veolia (France),

 Waste Connections (US),

 Total S.A. (France),

Covanta Holding Corporation (US),

 SUEZ (US), Biffa (UK),

 Hitachi Zosen Corporation (Japan), 

Carbon Clean (UK), Cypher Environmental (Canada),

 Svante Inc. (Canada), 

CarbonCure Technologies Inc. (Canada),

 Sunfire GmbH (Germany),

 BacTech Inc. (Canada),

 TRC Companies, Inc. (US),

 Arcadis N.V. (Netherlands),

 C-Capture (UK),

 Tandem Technical (Canada),

 Intelex (Canada),

REMONDIS SE & Co. KG (Germany),

 Climeworks (Switzerland),

 Pycno (UK),

 Thermax Ltd. (India),

 Xylem, Inc. (US), 

Carbon Engineering (Canada),

 Geo-Cleanse International,

 Inc. (US), Ivey International Inc. (Canada),

 EcoMed Services (US),

 Skrap (India),

 RecyGlo (Myanmar),

 Saahas Zero Waste (India),

 Recycle Track Systems (US),

 GEM Enviro Management Pvt. Ltd (India),

 Vital Waste (India),

 Recycling Technologies (UK),

 Rekosistem (Indonesia),

 UnBound Chemicals (Canada),

 ENGIE Impact (US), 

IsoMetrix (US),

 Trade Genomics (US)

Reasons to Acquire

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Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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Water Treatment Additives Market - Forecast(2024 - 2030)

Water Treatment Additives Market Overview

The water treatment additives market size is forecasted to reach US$35.0 billion by 2027, after growing at a CAGR of around 4.1% from 2022 to 2027. The water treatment additives are chemical products added as conditioners that purify the water and improve the quality. The water treatment additives such as corrosion inhibitors, disinfectants, defoamers, coagulants, and others are used in the water purification and treatment applications across various industries. The growing demand of water treatment additives in major end-use industries such as chemical, food and beverage, water and wastewater treatment, and others is creating a drive in the market. Furthermore, the water scarcity concerns will offer major demand in the water treatment additives market and growth opportunities during the forecast period.

COVID-19 Impact

The water treatment additives industry was majorly impacted by the global slowdown during the covid-19 outbreak. The water treatment additives have high demand in chemical, oil and gas, and other sectors. The oil and gas industry was majorly impacted and faced major disruption in the pandemic. The factors such as demand and supply gap, closure of oil and gas production and exploration plants, and volatility and oil prices led to a major decline in the growth prospects for oil and gas sector. Moreover, slowdown in production activities, falling demand, and supply chain disturbances impacted the growth in the market. According to the International Energy Association (IEA), the global oil demand stood at 99.9 million barrels per day in 2020, showing a decline of 90,000 barrels per day from 2019. The fall in growth of oil and gas sector led to decline in the application of water treatment additives and demand in the market. Thus, with restricted demand and applications in major end use industries, the water treatment additives market faced major slowdown in the covid-19 outbreak.

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Report Coverage

The “Water Treatment Additives Market Report– Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the water treatment additives industry.

By Type: Coagulants, Corrosion Inhibitors, Disinfectants, Dechlorinating Agent, pH Conditioners, Defoamer, and Other By Form: Solid and Liquid By Application: Drinking Water Purification, Sewage Systems, Steam Boilers, Cooling Water Systems, and Other By End Use Industry: Food and Beverage (Whiskey, Juices, and Others), Power Industry, Oil & Gas, Water and Wastewater Treatment Industry, Paper & Pulp, Mining, Chemicals Industry, And Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

The water treatment additives market size will increase owing to its growing application for water and wastewater treatment, drinking water purification, sewage systems treatment, and others during the forecast period.

The Asia Pacific is the fastest growing region in the water treatment additives industry owing to flourishing emphasis on clean drinking water.

The demand of coagulants as major water treatment additives is rising due to its application in water treatment and purification in major industries such as oil and gas, chemical, and others.

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Water Treatment Additives Market Segment Analysis – By Type

By type, the coagulant is the fastest growing segment and is expected to grow with a CAGR of around 5.2% during the forecast period. The growing usage of coagulants for water and wastewater treatment applications, sewage systems, industrial water treatment, and others is offering high demand in the market. The demand of coagulants in water treatment plants is growing owing to its usage in removal of solid waste from the water and oil purification across various end-use industries, majorly oil and gas. Moreover, the growing development in the oil and gas plants across the world is boosting the demand of coagulants for water treatment applications and oil purifications. According to the U.S. Energy Information Administration (EIA), around 1.9 million barrels per day consumption of liquid fuels and petroleum is estimated for 2023 to average 101.5 million barrels per day. Thus, with increasing demand of water treatment additives, majorly coagulants for solid waste removal and purification across major industries, the water treatment additives market will grow rapidly during the forecast period.

Water Treatment Additives Market Segment Analysis – By End-Use Industry

By end-use industry, the water and wastewater treatment segment held the largest water treatment additives market share in 2021, with a share of over 24.0%. The high demand of water treatment additives in the water and wastewater treatment sector is influenced by growing awareness for wastewater recycling, safe drinking water scarcity, and increasing usage of clean water across various industries. The treatment additives such as defoamers, corrosive inhibitors, biocides, coagulants, disinfectants, sodium bicarbonate, and others are widely used in treating the municipal wastewater, sewage water distribution, and others. Moreover, growing wastewater plants set-up across the globe is propelling the growth of water treatment additives. According to the United Nations Water, around 56% of household wastewater flows were treated in the year 2020 globally. Thus, with increasing application of water treatment additives in water and wastewater treatment sector for offering clean and safe drinking water, the global water treatment additives market will grow rapidly during the forecast period.

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Water Treatment Additives Market Segment Analysis – By Geography

By geography, the Asia Pacific is the fastest-growing region in the water treatment additives market and is expected to grow with a CAGR of around 5.9% during the forecast period. The high demand of water treatment additives in this region is influenced by its growing demand for water purification, and treatment procedures across various end-use industries such as wastewater, oil and gas, chemical, and others. Furthermore, the rise in demand of water treatment additives in the chemical processing sector is propelling the growth in the market. According to the European Chemical Industry Council (CEFIC), the chemical output growth in China accounted for 2.9% in 2020. Moreover, the development in the wastewater treatment and clean drinking water projects in APAC region is boosting the demand of water treatment additives. Thus, with a flourishing emphasis on water purification and treatment applications across major industries such as chemical, oil & gas, power, and others, the water treatment additives industry will grow rapidly during the forecast period.

Water Treatment Additives Market– Drivers

Favorable regulations for water and wastewater treatment

The water scarcity and limited availability of purified water is accelerating the growth of water treatment additives. The requirement of clean water across various end-use industries is influencing the growth of water treatment chemicals and additives. The strict regulations by government to recycle the wastewater and treat contaminated water is offering a major drive in the market, thereby boosting the application of water treatment chemicals and additives such as chlorine dioxide, algicide, biocides, disinfectants, and others. According to the Organization for Economic Co-Operation and Development (OECD), around 92.86% of the public in Australia is connected to a wastewater treatment in 2020. Thus, with increasing concerns for the treatment of water and wastewater, the water treatment additives industry is experiencing major growth.

High demand in the oil and gas sector

The water treatment additives such as chlorine dioxide, coagulants, corrosion inhibitors, disinfectants, and others have major demand in the oil and gas sector. The petroleum refineries use water and steam for various processes such as FCC, cooling towers, steam generators, and others. The rising scarcity of clean water in oil and gas is propelling the demand for water treatment additives. Furthermore, the demand of water and wastewater treatment in onshore as well as offshore sector is riding. According to the India Brand Equity Foundation (IBEF), the oil demand in India is expected to reach 11 million barrels per day by the year 2045. Thus, with major application and flourishing demand or water treatment additives and chemicals in oil and gas sector, the water treatment additives market is experiencing a major growth.

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Water Treatment Additives Market– Challenges

Hazardous nature of water treatment additives and alternate treatment technologies

The water treatment additives have a growing demand for treatment of the water and purification systems. However, the health hazards associated with various additives and chemicals such as chlorine dioxide, biocides, and others is offering a major challenge in the market. The risks of health hazards such as respiratory system irritation, skin issues, nervous system complications, gastrointestinal tract issues, and other creates a hamper. Moreover, the availability of alternative water treatment technologies such as RO filtration, UV disinfection, and others creates challenge in the market. Thus, with regulations on the hazardous water treatment chemicals and availability of eco-friendly alternatives is leading to slowdown and restricted growth for the water treatment additives industry.

Water Treatment Additives Industry Outlook

The water treatment additives top 10 companies include:

1. BASF SE 2. Kemira OYJ 3. Aqua Tech International 4. TG Water Additives LLC 5. RX Marine International 6. Suez S.A. 7. Solenis LLC 8. Ecolab Inc. 9. 3M Purification 10. GE Water & Process Technologies

Recent Developments

In November 2021, the Platinum Equity completed the acquisition of Solenis LLC, a leading water treatment chemical company. Thus, this acquisition will provide growth and diverse portfolio in the water treatment additives industry.

In October 2021, the Usalco, LLC, a leading producer of water treatment chemicals announced the acquisition of the water treatment business of Altivia for municipal and wastewater and industrial applications. This acquisition expanded the coagulant product offering in the market.

In June 2021, the Kemira announced two major investments for expanding the capacity of water treatment chemicals at Yangzhou site in China for serving growth in the water treatment in the Asia Pacific region.

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Corrosion Inhibitors Market Innovations, Technology Growth and Research by 2022-2032

According to a recent study done by FMI, the corrosion inhibitors market is anticipated to have a prodigious CAGR of 4.1% during the period of 2022-2032. The Corrosion Inhibitors Market is anticipated to reach US$ 12.4 Billion in 2032, from US$ 8.3 Billion in 2022. The market was valued at US$ 7.9 Billion in 2021 and is expected to grow with a Y-O-Y growth rate of 5.0%.

This study explains that an increase in the demand for corrosion inhibitors in various industries such as pulp & paper, chemical processing, oil & gas, petroleum, and metals to protect from corrosion has led to higher demand from emerging countries.

Infrastructural development in economies such as China, India, Brazil, and South Korea, are expected to undergo infrastructural development and boost industrial activities for the growth of their economies. Infrastructural growth related to electricity demand, clean water demand, fuel demand, transportation demand, and construction demand are expected to boost the market for corrosion inhibitors in the forthcoming years.

An increase in the demand for corrosion inhibitors in various industries such as pulp & paper, chemical processing, oil & gas, petroleum, and metals to protect from corrosion has led to higher demand from emerging countries, in particular. Cooling water is the largest segment for corrosion inhibitors in the water treatment process to protect the metal machinery from the water flow.

Competitive Landscape

Players in the global Corrosion Inhibitors Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market.

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Key Segments Covered In The Corrosion Inhibitors Market Study

Corrosion Inhibitors Market by Compound:

Organic Corrosion Inhibitors

Inorganic Corrosion Inhibitors

Corrosion Inhibitors Market by Application:

Corrosion Inhibitors for Water Treatment

Corrosion Inhibitors for Process and Product Additives

Corrosion Inhibitors for Oil and Gas Production

Corrosion Inhibitors Market by Type:

Water-based Corrosion Inhibitors

Oil-based Corrosion Inhibitors

Volatile Corrosion Inhibitors

Corrosion Inhibitors Market by End-Use Industry:

Corrosion Inhibitors for Oil and Gas

Corrosion Inhibitors for Power Generation

Corrosion Inhibitors for Chemicals

Corrosion Inhibitors for Metals Processing

Corrosion Inhibitors for Pulp & Paper

Know More about What the Corrosion Inhibitors Market Report Covers

Future Market Insights offers an unbiased analysis of the global Corrosion Inhibitors Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the Corrosion Inhibitors Market, the market is segmented based on compound, application, type, and end-use industry across five major regions.

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Cross Linked Polyethylene Market Global Industry Analysis, Key Players and Forecasts 2030

Cross Linked Polyethylene

Cross-linked polyethylene (PEX) is a type of plastic material used in a variety of applications, including plumbing, heating, and cooling systems. It is made by cross-linking individual polyethylene molecules together, resulting in a more durable and heat-resistant material. The process of cross-linking involves exposing the polyethylene molecules to heat, pressure, or chemical treatments. This causes the molecules to bond together in a three-dimensional network, creating a material that is stronger and more resistant to damage from heat, chemicals, and UV radiation.

PEX is widely used in plumbing systems because it is flexible, easy to install, and has excellent resistance to corrosion and chemical attack. It can be used for both hot and cold water applications, and is commonly used for radiant heating systems, as well as for the transport of drinking water and other fluids.

Cross Linked Polyethylene Market

The global cross-linked polyethylene market is expected to continue to grow in the coming years due to the increasing demand for this material in various applications. The plumbing segment is expected to remain the largest application segment for PEX due to the growing demand for durable and corrosion-resistant plumbing systems. PEX is also increasingly being used in the heating, ventilation, and air conditioning (HVAC) industry, as well as in the chemical, oil and gas, and automotive industries.

The Asia-Pacific region is expected to be the fastest-growing market for PEX due to the increasing construction activities, growing population, and increasing demand for efficient and sustainable plumbing and heating systems in the region. North America and Europe are also significant markets for PEX, driven by the increasing demand for energy-efficient HVAC systems and the replacement of aging infrastructure.

The major players in the global PEX market include Dow Inc., LyondellBasell Industries Holdings B.V., AkzoNobel N.V., Borealis AG, ExxonMobil Corporation, Solvay S.A., Hanwha Chemical Corporation, and Arkema S.A., among others. These companies are investing in R&D activities to develop new and innovative PEX products and expand their market presence through partnerships, collaborations, and acquisitions.

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