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 ...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. Demand for industrial water treatment chemicals has been rising due to the rise in the need for potable water across the globe. However, shifting demand for alternative and environment-friendly water treatment technologies is affecting the market growth. In addition, the growing industrialization and increasing demand for specific formulations are providing opportunities for the market players. However, chemical manufacturers are facing challenges because of the need for eco-friendly formulations. The increase in population and 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, government policies, and trade-offs among various chemical compounds.
The use of biocides has considerably increased in various applications. Biocides are mainly used in drinking water treatment, sewage treatment, ship ballast treatment, and as anti-fouling agents. Disinfectants perform similar functions as biocides. These are chemicals used to kill microorganisms and also inhibit their growth in the water at a later stage of the purification process. Cooling tower is one of the major application areas of biocides in power plants, mining, and chemical plants. This is because cooling water systems provide a favorable environment for the growth of microorganisms.