The global water treatment chemicals market size was valued at USD 35.36 billion in 2023. The market is anticipated to expand from USD 37.45 billion in 2024 to USD 61.05 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period.
Report Coverage:
The research report offers a thorough understanding of water treatment chemicals worldwide, encompassing quantitative data on market value, growth rates by segment and region, and qualitative analysis exploring growth opportunities, key drivers, restraints, and industry trends. Company profiling in the competitive landscape section provides detailed insights into key players.
Drivers and Restraints:
Rising Demand for Chemically Treated Water in Various End-use Industries to Propel Market Growth
The expansion of power generation, chemical sectors, and manufacturing escalates water demand, making effective water treatment chemicals indispensable to ensure water quality, comply with environmental standards, and support sustainable industrial operations.
However, the market faces obstacles due to the demand for sustainable formulations, coupled with the risk of patent copying, urging the industry to navigate challenges in ensuring both eco-friendly solutions and patent protection.
Regional Insights:
North America Secured the Largest Market Share Owing to Diverse Industrial Demand
In 2023, North America captured the largest market share. The increasing demand for treated water from diverse sectors such as pharmaceuticals, food and beverages, and power generation in North America significantly propels water treatment chemicals market growth.
Large-scale investments by China, India, and Southeast Asia to enhance water quality and sanitation services fuel the Asia Pacific market's remarkable growth. Moreover, the region’s growth can be credited to advanced effluent treatment processes and compliance with government regulations.
Information Source-https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/water-treatment-chemicals-market-101748
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