Market Overview:
Water treatment chemicals are used for purification of water and removal of contaminants. They help in coagulation, flocculation, sedimentation and filtration processes to obtain potable water for industrial and municipal uses. They are utilized in end use industries such as power, oil & gas, mining, chemical, food & beverage and municipal.
Market Dynamics:
The global water treatment chemicals market is primarily driven by stringent regulations regarding wastewater discharge from industries and municipalities. For instance, according to the United States Environmental Protection Agency (EPA), the Clean Water Act was passed in 1972 which prohibit discharge of pollutants from point sources into water bodies unless allowed by permit. Other major driver is growing demand for clean water from various end use industries such as power generation, chemical manufacturing, mineral processing, and oil & gas exploration. Municipal potable water treatment is another major application driving the growth of this market. Furthermore, water scarcity issues especially in developing regions has prompted industries and municipalities to adopt water reuse and recycling practices which require effective water treatment chemicals. This is expected to fuel market growth over the forecast period.
Key Takeaways
The global Water Treatment Chemicals Market Size is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period, due to increasing industrialization and stringent wastewater discharge norms.
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