Download PDF Brochure https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=342#utm_source=TWN&utm_medium=NKT&utm_campaign=JulyThe global wate...

Download PDF Brochure https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=342#utm_source=TWN&utm_medium=NKT&utm_campaign=July
The global water treatment chemicals market size is projected to grow from USD 35.9 billion in 2022 to USD 42.2 billion by 2027, at a CAGR of 3.2% between 2022 and 2027. The major factors driving the growth of water treatment chemicals are increasing demand for chemically treated water from various end-use segments and stringent regulations and sustainability mandates concerning the environment.

Market Dynamics
+ Driver: Increasing demand for chemically treated water in various end-use industries
Growth of various end-use industries including oil & gas, power, food & beverage, and chemicals, particularly in emerging regions such as Asia Pacific, and South America drives the growth of water treatment chemicals market.

+ Restrain: Alternative water treatment technologies
Alternative water treatment technologies such as reverse osmosis (RO), ultrafiltration, and UV disinfection restrains the growth water treatment chemicals market. Advance technologies minimize the utilization of water treatment chemicals.

+ Opportunity: Rising scarcity of freshwater
The scarcity of freshwater is a major concern faced by industries and society in general. Industries require large volumes of water in production processes, generating industrial wastewater. Recycling and reusing water will be essential for companies to manage water as it is a scarce resource.

+ Challenge: Need for eco-friendly formulations and vulnerability regarding copying of patents
The major factors inhibiting the water treatment chemicals market growth are the stringent environmental regulations implemented by governments and various agencies such as EPA.