The water and wastewater treatment chemicals market is estimated to be valued at US$ 32,548.27 Mn in 2021 and is expected to exhibit a CAGR of 4.2% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The water and wastewater treatment chemicals market offers a wide range of chemicals and products that are used to remove impurities and enhance the quality of water used for various applications. These chemicals are extensively used in industries such as municipal water treatment, power generation, oil and gas, and chemical processing. The key products associated with this market include coagulants flocculants, corrosion inhibitors, biocides disinfectants, scale inhibitors, pH adjusters, and antifoaming agents. These chemicals are crucial for maintaining water quality and preventing the spread of waterborne diseases.
Key Takeaways:
The global water and wastewater treatment chemicals market is expected to witness high growth, exhibiting a CAGR of 4.2% over the forecast period (2022-2030), primarily due to increasing industrialization and stringent government regulations for water treatment.
Regionally, Asia Pacific is the fastest-growing and dominating region in the water and wastewater treatment chemicals market. The region's rapid industrialization and increasing population, coupled with the need for infrastructure development, are driving the demand for water treatment chemicals.
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