Download PDF Brochure https://bit.ly/3nEYhBNThe global Industrial wastewater treatment chemicals market size is estimated to be USD 12.8 billion...Download PDF Brochure https://bit.ly/3nEYhBN
The global Industrial wastewater treatment chemicals market size is estimated to be USD 12.8 billion in 2021 and is projected to reach USD 16.6 billion by 2026, at a CAGR of 5.3% between 2021 and 2026.
The increase in population and the industrial activities are driving the demand for clean and fresh water. The demand is also influenced by various factors such as water availability, its usage pattern, the presence of pollutants, the government policies, and trade-offs among various chemical compounds.
+ Driver: Increasing demand for chemically treated water in various end-use segments
+ Restraints: Alternative water treatment technologies
+ Opportunity:Increase in the demand for specific formulations
+ Challenges: Need for more eco-friendly formulations and vulnerability regarding copying of patents
Biocides & Disinfectants is the largest segment by type in the Industrial wastewater treatment chemicals market.
Power Generation industry is the largest segment by end-use industry in the Industrial wastewater treatment chemicals market.
North America is estimated to be the largest market for industrial wastewater treatment chemicals.
+ In October 2021, Ecolab acquired Purolite for USD 3.7 Billion. Purolite is a high-value separation and purification life science solution provider.
+ In September 2021, Kemira opened its new APAC R&D center in Pujiang Town, Shanghai, China, to meet the rapidly growing market demand and accelerate efforts to develop renewable, biodegradable, and recyclable products in the region.
+ In September 2021, Ecolab Inc. launched flotation 360 under Nalco water segment, especially for mining and mineral processing.
+ In April 2021, Suez and Dijon Metropole partnered to create the first multi-service public company with single operations named Odivea, which is a public water & wastewater service in France.
+ In March 2021, Suez and Schneider Electric formed a joint venture for a unique software solution for the optimization of water treatment infrastructure.
+ In January 2021, Suez acquired Heritage Hills Water & Sewer Systems in New York to serve industrial and municipal customers through its owned and operated water treatment system.