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Water Treatment Chemicals Market, 2021-2027

The global water treatment chemicals market was worth USD 35.1 billion in 2020 and is further projected to reach USD 65.2 billion by 2027, at a CAGR of 8.90% during the forecast period (2021-2027).

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Water Treatment Chemicals Market, 2021-2027

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  1. Water Treatment Chemicals Market

  2. The global water treatment chemicals market was worth USD 35.1 billion in 2020 and is further projected to reach USD 65.2 billion by 2027, at a CAGR of 8.90% during the forecast period (2021-2027). With rising demand from various industries and municipalities, the water treatment chemicals market is expanding at a rapid pace. This factor is likely to play a major role in propelling the global water treatment chemicals market over the forecast period. Furthermore, the market growth can be attributed to a significant increase in the number of industries and manufacturing units. Additionally, sugar, petrochemicals, manufacturing, and geothermal power generation plants are being developed to boost the economy, especially in developing countries. These factors are driving the growth of the water treatment industry. With the growth of the manufacturing sector, water waste has become one of the most pressing issues facing both developed and emerging economies. Numerous government and non-government organizations are taking stringent measures and actively participating to save fresh water and natural resources.

  3. Growth Drivers Increasing Urbanization Driving the Global Water Treatment Chemicals Market Forward Fulfilling industrial and domestic consumption needs solely with freshwater resources would have a direct impact on water bodies, reducing their natural replenishment capacity. Thus, to meet the water demands, reusing and recycling of water has become an inevitable step that every country has to take. That’s the reason why the application of water treatment chemicals is rising across the globe. Given the current global situation, demand for water treatment chemicals is expected to skyrocket in the coming years. Furthermore, several countries, especially from the Asia-Pacific or Middle Eastern regions are adopting the desalination process to address water scarcity issues and meet the demands, especially in their urban cities. Sample Copy of the report :https://www.blueweaveconsulting.com/water-treatment-chemical-market/report-sample

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