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Description
Water Treatment Chemicals Market size was valued at 56908.66 Million in 2021 and is estimated to reach 87279.29 Million by 2028, at a CAGR of 6.3% during the forecast period 2022 to 2028 owing to increasing demand for water treatment chemicals from municipal and manufacturing sectors and increasing surface and underground water pollution coupled with growing demand from the power and industrial applications are the major factors which are anticipated to drive the growth of the market. In addition, government initiatives by making strict regulations to control produced and the waste water disposal are projected to boost the growth of the market. Increasing population and growing urbanization are the main factors that drives the growth of the market. Along with increasing demand for specific formulations and rising demand from various end use industries are expected to fuel the growth of the market. However, availability of various alternative technologies for the water treatment and lack of awareness regarding the chemical water treatment technologies are projected to hamper the growth of the market. Water treatment chemicals are used to treat water and waste water, changing the physical and chemical qualities of water for municipal and industrial use. The demand for water treatment chemicals is increasing as people become more conscious of the importance of clean and safe water, as well as government rules governing waste water treatment.
