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Global Water Treatment Chemicals Market Trends

The global water treatment chemicals market was valued at USD 35.9 billion in 2022 and is projected to reach USD 42.2 billion by 2027, growing at a cagr 3.2% from 2022 to 2027. The major factors driving the growth of water treatment. chemicals are increasing demand for chemically treated water from various end-use segments and stringent regulations and sustainability mandates concerning the environment.

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Global Water Treatment Chemicals Market Trends

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  1. Global Water Treatment Chemicals Market Trends The scarcity of freshwater is a major concern faced by industries and society in general. Industries require large volumes of water in production processes, generating industrial wastewater. Recycling and reusing water will be essential for companies to manage water as it is a scarce resource. Growing industrialization is expected to require increasing water resources in the coming years. This growth is expected to create new opportunities for the water treatment chemicals market. The global water treatment chemicals market was valued at USD 35.9 billion in 2022 and is projected to reach USD 42.2 billion by 2027, growing at a cagr 3.2% from 2022 to 2027. The major factors driving the growth of water treatment.chemicals are increasing demand for chemically treated water from various end-use segments and stringent regulations and sustainability mandates concerning the environment. Get Sample PDF Report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=342

  2. The demand for wastewater treatment is on the rise due to increasing regulatory and sustainability requirements, particularly in developed areas like North America and Europe. Stricter regulations, such as the US EPA's Clean Water Act and Canada's Wastewater Effluent Regulations, enforce water pollution control and set minimum standards for wastewater treatment. Similar regulations in other regions are also fostering growth in the water treatment sector. These stringent governmental mandates are expected to drive the water treatment chemicals market. Water Treatment Chemicals Market Key Players: ● BASF SE (Germany) ● Kemira Oyj (Finland) ● Ecolab Inc. (US) ● Dow Inc. (US) ● Solenis LLC (US) ● SNF Floerger (France) ● Nouryon (Netherlands) ● Baker Hughes (US) ● Kurita Water Industries Ltd. (Japan) ● Veolia (France), and Arxada (Switzerland) Recent Developments ●In November 2021, Kemira announced the final completion of the expansion of its production capacity in the UK. The company will increase the annual production of ferric-based water treatment chemicals in its facility in the UK by more than 100.000 tons annually. ●In July 2020, Solenis acquired Poliquímicos, S.A. de C.V. (Poliquímicos) headquartered in Mexico. Poliquímicos is a manufacturer and supplier of specialized chemical solutions for water-intensive industries. Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=342

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