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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.

Growing industrialization across the globe is a main factors that provide new growth opportunities for industrial wastewater treatment chemical manufacturers. Morerover, stringent government regulations, depleting freshwater resources, increasing industrial demand, and rising support for sustainable development support for the growth of industrial wastewater treatment chemicals market.

Market Dynamics
+ Driver: Stringent regulatory and sustainability mandates concerning the environment
Several regulatory bodies such as Environmental Protection Agency (EPA), CWA, SDWA, and other bodies has imposed regulation pertaining to industrial discharge and wastewater treatments. Owing to this regulation, the demand for wastewater treatment chemicals has increased significantly.

+ Restraints: Alternative water treatment technologies
Physical water treatment technologies, such as UV disinfection and RO filtration are preferred over water treatment chemicals in water treatment industry. With growing environmental concerns and government regulations, the water treatment chemicals market is gradually moving toward these sustainable alternatives.

+ Opportunity: Adopting more sustainable approach through initiatives of reduce-recycle-reuse
Water recycling is reusing treated wastewater for beneficial purposes such as agriculture and landscape irrigation, industrial processes, toilet flushing, and replenishing a groundwater basin (referred to as groundwater recharge). Water recycling offers resources and financial savings.

+ Challenges: Need for more eco-friendly formulations and vulnerability regarding copying of patents
Stringent environmental regulations made by various agencies such as the EPA suppress the growth of the industrial wastewater treatment chemicals market. Growing concern over the environmental impact of chemicals has led to strict regulatory restrictions for water treatment chemical manufacturers and are encouraged to choose green alternatives.