Worldwide Water Treatment Chemicals Market Expected to Reach USD 72.93 Billion by 2028

WASHINGTON, Jan. 12, 2022 (GLOBE NEWSWIRE) — Recent analysis by Vantage Market Research of the global water treatment chemicals market has found that growing demand from various end-use segments is accelerating market growth. Primarily driven by stringent environmental regulatory and sustainability mandates, the global water treatment chemicals market is expected to total USD 72.93 billion by 2028, up from USD 36.2 billion in 2021, at a compound annual growth rate (CAGR) of 9.3%.

Moreover, rising population and rapid urbanization in emerging economies is also expected to drive the growth of the global water treatment chemicals market, according to market research, in a report titled “Water Treatment Chemicals Market by Type (corrosion inhibitors, scale inhibitors, biocides and disinfectants, coagulants and flocculant), by end use (residential, commercial, industrial), by regions (North America, Europe, Asia Pacific, Middle East & Africa) – Global Industry Assessment (2016 – 2021) and Forecast (2022 – 2028)”.

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  • The updated report includes the major market players with their sales volume, business strategy and revenue analysis using VMR . Research Methodology.

(Please note that the sample for this report has been updated to include a pre-delivery COVID-19 impact study.)

market dynamics:

Increasing demand from various end-use segments to fuel the global water treatment chemicals market

The increasing demand from various end-use segments is expected to drive the growth of the water treatment chemicals market during the forecast period. The diverse end-use sectors that drive demand for water treatment chemicals include energy, oil and gas, chemical manufacturing, mining and mineral processing, municipal, food and beverage, and pulp and paper, among others. In the case of the oil and gas industry, water treatment chemicals are mostly used to treat by-products produced during the drilling and refining processes of petroleum and natural gas. The various methods that are applied to remove oil from polluted water include changing the specific gravity of oil droplets, increasing the total size of droplets, and using hydro cyclones and centrifuges. Likewise, almost every industry consumes water for many applications that require water treatment chemicals to treat primary water use thus increasing market growth in the coming years.

Population increase and rapid urbanization to stimulate market growth

The growing population and urbanization in emerging economies like India and China are expected to boost the growth of the water treatment chemicals market in the estimated time frame. Natural environments are deteriorating as the population increases. This makes it important to ensure that there is an adequate and safe water supply for all. The limited availability of safe and clean water in these economies has also led to wastewater recycling which is expected to support market growth. One of the main solutions to this problem is to reduce pollution while improving the way wastewater is managed and water treated effectively. Furthermore, increasing environmental concerns in these economies are also expected to increase the demand for wastewater treatment chemicals during water treatment.

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Analysis of the impact of COVID-19:

The COVID-19 outbreak has affected many industries around the world. Governments around the world have implemented strict lockdown measures and social distancing measures in order to curb the rapid spread of the epidemic. Manufacturing facilities around the world were closed during the early stages of the pandemic. Moreover, the post-pandemic economic crisis may significantly delay the commercial spread of the chemical industry. SMEs are the backbone of technology providers and have been experiencing a sharp decline in revenue since the onset of the pandemic in 2020. Hence, the market players faced many challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will be made available online. The impact of COVID-19 on market demand is considered while estimating the current and projected market size and market growth trends for all regions and countries based on the following data points:

  1. Assessing the impact of the COVID-19 pandemic

    1. North America

    2. Europe

    3. Asia Pacific

    4. Latin america

    5. Middle East and Africa

  2. Quarterly revenue forecasts for the market from Asia Pacific 2020 and 2021

  3. Key strategies companies have taken to tackle COVID-19

  4. long term dynamics

  5. short term dynamics

The Water Treatment Chemicals Market report highlights the following:

  • Market assessment

  • Distinctive insights

  • Competitive scene

  • Analysis of the impact of COVID

  • Historical data, estimates and forecasts

  • Company Profile

  • global and regional dynamics

Advantages of this search:

  • Market share assessment of commercial water treatment chemicals market opportunities, tracking market size, pharmaceutical sales competitiveness, and synthesis insights for commercial development and licensing.

  • Develop tactics and strategies to take advantage of opportunities in the water treatment chemicals market.

  • Latest trends, market events and analysis of key events in the water treatment chemicals market.

  • Develop in-depth knowledge of competition and analyze sales data to update your brand planning tracking tools.

  • answer vital business questions; Supports decision making in research and development of long-term marketing strategies.

  • Develop economic models, forecasting models and healthcare frameworks.

Regional Analysis:

Asia Pacific dominates the global water treatment chemicals market

The Asia Pacific region dominated the global water treatment chemicals market in 2021 and is likely to continue in the same trend during the forecast period. This is attributed to the increased demand for pre-treated water in emerging economies such as India and China in the region. Moreover, the increase in population and the accelerating rate of urbanization is also expected to support the regional growth of the market.

North America is likely to witness significant growth in the water treatment chemicals market during the forecast period. This is attributed to the increased penetration of water treatment facilities due to the increase in the oil and gas sector in the region. In addition, increasingly stringent government regulations and growth in production, consumption and energy supply are also expected to support the growth of the water treatment chemicals market in the near future.

Read the full research report @ https://www.vantagemarketresearch.com/industry-report/water-treatment-chemicals-market-1126

List of Prominent Players in Water Treatment Chemicals Market:

Important questions answered in this report:

  • What is the estimated market size and growth rate of the Water Treatment Chemicals market?

  • What segments are included in the Water Treatment Chemicals Market?

  • What are the top companies active in the water treatment chemicals market?

  • What are the key driving factors for the growth of the Water Treatment Chemicals Market?

  • How can I get free sample reports or water treatment chemicals market study?

Recent Developments:

March 2021: SUEZ announced the signing of a contract for a large wastewater treatment project and received an accompanying 10-year service agreement with the Irkutsk Polymer Plant of the Irkutsk Oil Company. Through the Water Technologies and Solutions business, SUEZ will provide critical water technology to the new plant and will ensure performance and membrane replacement for the life of the service agreement.

January 2019: BASF has announced its full merger with Solenis. The combined entity aims to provide additional value to paper and water processing customers.

This market is entitledwater treatment chemicals market It will cover the exclusive information in terms of regional analysis, forecasting, quantitative data – units, major market trends and various other information as mentioned below:

Report feature

details

Market size in 2021

36.2 billion US dollars

Expected market size in 2028

72.93 billion US dollars

CAGR growth rate

Compound annual growth rate of 9.3% from 2022-2028

base year

2021

Historic years

2016 – 2020

prediction years

2022 – 2028

covered slices

Type: – Corrosion inhibitors, scale inhibitors, biocides and disinfectants

End use: – Residential, Commercial, Industrial

Regions: – North America, Europe, Asia Pacific

Quantitative data – units

Revenues in US$ Million/Billion and CAGR from 2022 to 2028

Covered areas

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Countries covered

United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others

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Report coverage

Market growth drivers, constraints, opportunities, Porter’s Five Forces analysis, PEST analysis, value chain analysis, organizational landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Browse market spreadsheets, numbers spread by page, and in-depth table of contents on Water Treatment Chemicals Market by Type (Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Coagulants & Waste), by End Use (Residential, Commercial, Industrial), by Regions (North America, Europe, Asia Pacific, Middle East & Africa) ) – Global Industry Assessment (2016 – 2021) and Forecasts (2022 – 2028)”. View a detailed table of content here – https://www.vantagemarketresearch.com/press-release/water-treatment-chemicals-market-999058

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