At 3.4 % CAGR, Water Treatment Chemicals Market Size Worth US$43.2 Billion by 2027: IndustryARC

Bolstering Growth of the Power Generation Sector of Water Treatment Chemicals Market

HYDERABAD, TELANGANA, INDIA, September 26, 2022 /EINPresswire.com/ -- IndustryARC, in its latest report, predicts that Water Treatment Chemicals Market size is estimated to reach US$43.2 billion by 2027, after growing at a CAGR of 3.4% during the forecast period 2022-2027. 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. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

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https://www.industryarc.com/Report/18612/water-treatment-chemicals-market.html

Key takeaways:

1. 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.

2. 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.

3. 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.

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Segmental Analysis:

1. The coagulants & flocculants segment held a significant share of the Water Treatment Chemicals Market in 2021 and is projected to grow at a CAGR of 3.5% during the forecast period 2022-2027.

2. Asia-Pacific held the largest share of up to 41.8% in the Water Treatment Chemicals Market in 2021. 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.

3. 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 2021 and 2025.

4. The municipal water & wastewater segment held a significant share of the Water Treatment Chemicals Market in 2021 and is projected to grow at a CAGR of 3.9% during the forecast period 2022-2027.

5. According to the Organization for Economic Co-Operation and Development (OECD), around 92.86% of the population in Australia was connected to wastewater treatment in 2020. According to the United Nations Water, around 56% of household wastewater flows were treated in 2020, globally.

Competitive Landscape:

The top 5 players in the Water Treatment Chemicals industry are -

1. AkzoNobel N.V.

2. Baker Hughes Company

3. BASF SE

4. Solenis LLC

5. Kemira OYJ

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Related Reports:

A. Water Treatment Systems Market
https://www.industryarc.com/Report/15268/water-treatment-systems-market.html

B. Municipal Water Treatment Chemicals Market
https://www.industryarc.com/Research/Municipal-Water-Treatment-Chemicals-Market-Research-503199

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