Download PDF Brochure https://bit.ly/3vX5xfFThe global Industrial wastewater treatment chemicals market size is estimated to be USD 12.8 billion...Download PDF Brochure https://bit.ly/3vX5xfF
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.
+ Driver: Increasing demand for chemically treated water in various end-use segments
This concern is mostly witnessed in the emerging economies such as China, India, Brazil, and ASEAN countries, owing to economic limitations related to wastewater treatment and lack of proper regulations.
+ Restraints: Alternative water treatment technologies
The general aversion to water treatment chemicals and the preference for physical water treatment technologies, such as UV disinfection and RO filtration, is a common trend in the water treatment industry.
+ Opportunity:Increase in the demand for specific formulations
The low-cost of commodity industrial wastewater treatment chemicals in most of the markets are replaced by high-value and specialty formulations required by specific applications.
+ Challenges: Need for more eco-friendly formulations and vulnerability regarding copying of patents
The primary factors inhibiting the growth of the industrial wastewater treatment chemicals market are stringent environmental legislations made by various agencies, for instance, the EPA.