WATER AND WASTEWATER TREATMENT CHEMICALS MARKET ANALYSIS

Market Concentration and Competitive Landscape

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With rapid urbanization taking place globally, more people are moving to cities in search of better living standards and lifestyle. According to the United Nations, around 68% of the world population is projected to live in urban areas by 2050. As the population in cities increase, the demand for water and its treatment is also growing substantially. Urban citizens require access to safely managed drinking water and proper sanitation facilities on a daily basis. At the same time, the levels of wastewater generated in densely populated urban settlements has multiplied manifold over the past few decades.  This unprecedented urban growth has placed tremendous strain on existing water resources and infrastructure for water supply as well as wastewater collection and disposal systems. Most cities especially in developing nations currently do not have adequate facilities to dependably supply water to all their inhabitants and treat growing volumes of municipal and industrial wastewater. The World Health Organization in its 2022 report highlighted that over 2 billion people still lack safely managed drinking water services and over half the global population lacks safely managed sanitation. Improper disposal of wastewater from homes and industries directly impacts the quality of freshwater bodies and public health.