Saudi Arabia Water Treatment Chemicals Market to Register CAGR of 4.48% until 2028
Saudi
Arabia Water Treatment Chemicals market is increasing owing to demand of safe
and clean water in the region.
According
to TechSci Research report, “Saudi Arabia Water Treatment Chemicals Market - By Region, Competition,
Forecast & Opportunities, 2028”, the
Saudi Arabia Water Treatment Chemicals Market stood at USD 919.28 million in
2022 and is expected to register a CAGR of 4.48% during the forecast period. Water
treatment chemicals or substances are used to suspend solids, viruses, fungi,
algae, bacteria, and minerals during the water treatment process. Public water
systems frequently use a series of water treatment steps that include coagulation,
flocculation, sedimentation, filtration, and disinfection.
The increasing demand of saline water treatment to
meet the ever-increasing demand for water in the country is expected to drive
the growth of water treatment chemicals market in the country. Water
desalination in Saudi Arabia has doubled since the past decade to reach around
2.2 billion cubic meters from 1.1 billion cubic meters per year, this can be
ascribed to a major upgrade in existing plants and the introduction of new
technologies. In major cities of the country, the desalinated water share in
total water consumption is pretty high, particularly in cities such as Makkah,
Jeddah and Taif where almost majority of their drinking water comes from nearby
desalination plants.
The government of Saudi Arabia is ramping up the
water treatment chemical production capacity of the country by building and
maintaining the infrastructure to manufacture fine chemicals as there are
various end use industries which has a demand for the water treatment
chemicals. For example, in petrochemical industry, water treatment is carried
out at the time of refining of crude oil and other crude oil products. Water
treatment chemicals are also needed in power industry, hence the demand for
water treatment chemicals in Saudi Arabia is expected to increase during the
forecast period.
The water treatment industry is playing a crucial
role in providing clean water and avoids various water-related diseases. With
the advanced boiler water treatment chemicals and other related chemicals,
water from the sea, polluted rivers, and wastewater effluents can now be made
safe for human consumption.
Saudi Arabia has approximately 15 % of the world’s
petroleum proved reserves and ranks as one the largest net exporters of
petroleum. Saudi Arabia has the second-largest proven oil reserves in the
world. The major factors attributed to the growth of this segment include the
increased use of these chemicals in municipal and wastewater treatment in
various industries such as oil and gas, power and petrochemical industry.
Coagulation and flocculation are mostly used in the tank of chemical products
of oil and gas plants. The coagulation process accelerates the sedimentation
process.
Water treatment is essential as the demand for
clean water increases, which is accomplished using different chemicals and
processes. Desalination is a process used to purify water sources of salt,
minerals, and other impurities to produce fresh water for use in domestic and
industrial applications. Around 75% of the world’s desalination plants are
in the Middle East, mainly in Saudi Arabia, United Arab Emirates, Bahrain, and
Kuwait. Whereas out of top 10 desalination plants in the world, five plants
are situated in Saudi Arabia only.
Lack of precipitation, global warming, rising
temperatures and rapid industrialization in the kingdom of Saudi Arabia have
led to a release of a huge amount of wastewater which pollutes the environment
if not treated correctly. Therefore, the growing environmental concerns are
projected to boost the establishment of wastewater treatment plants which can
lead to a flow in demand for water treatment chemicals, driving the market’s
growth during the forecast period.
Browse over 31 market data Figures spread
through 101
Pages and an
in-depth TOC on "Saudi Arabia Water Treatment Chemicals Market”
The Saudi Arabia Water Treatment Chemicals Market
segmentation is based on type, by end user, by application and regional distribution.
Based on type, the market is further divided into corrosion
inhibitors, coagulants & flocculants, scale inhibitors, biocides &
disinfectants, chelating agents, and others. Corrosion Inhibitors segment dominated the
market in 2022 with an overall market share of around 26.90%. This can be ascribed to the increasing demand of
chemicals from petrochemical industry.
Based on end user, the market is further
divided into industrial, commercial, and residential. The industrial segment dominated the market in 2022 on account of
the widespread use of water treatment chemicals in various end-use industries in
the country.
Some of the major companies operating in the Saudi Arabia Water
Treatment Chemicals Market include:
- Saudi Water Treatment Company
- AES Arabia Limited
- Al-Jazira Water Treatment
Chemicals
- AFI Group
- Fouz Chemical Company
- Atlad Chemical Trading Est.
- CHEMSBRO
- Al-Koshi Cleaning Chemicals
- Raha Water Treatment Corporation
- Al-Haitam Company
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An
increase in the demand of clean and safe water and use of water treatment
chemicals in various end use industries is expected to drive the market for water
treatment chemicals. Moreover, the increased investment in desalination plants
of the kingdom will help in overcoming the concerns, as now the country has
approximately 25% of the world’s desalination capacity and it provides around
70% of the kingdom’s drinking water today. “In 2022, Eastern region of Saudi
Arabia accounted for approximately 147 thousand tons of capacity of water
treatment chemicals due to growing need of fresh water for use in different
applications,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based global management consulting firm.
“Saudi Arabia Water Treatment Chemicals
Market – Industry Size, Share, Trends, Competition, Forecast and Opportunities, 2018-2028, Segmented
By Type (Corrosion Inhibitors, Coagulants & Flocculants, Scale Inhibitors,
Biocides & Disinfectants, Chelating Agents, Others), By End User
(Industrial, Commercial, Residential), By Application (Water Desalination, Raw
Water Treatment, Boiler Water Treatment, Cooling Water Treatment, Others), By
Region,”
has evaluated the future growth potential of Saudi Arabia Water Treatment
Chemicals Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide innovative market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Saudi Arabia Water
Treatment Chemicals Market.
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