WATER TREATMENT CHEMICALS MARKET ANALYSIS
The global water treatment chemicals market was valued at US$ 38.0 Billion in 2022 and is expected to register a CAGR of 6.67% in terms of revenue and is expected to reach US$ 63.7 Billion over the forecast period (2023– 2030).
The market is projected to reach US$ 49.0 billion by the end of 2027, at a CAGR of 5.6% over the forecast period, owing to increasing demand for portable water.
Figure 1. Global Water Treatment Chemicals Market Share (%), By Region, 2022
North America accounted for the largest market share of around 30% in 2022, followed by Asia Pacific, Europe, the Middle East, and Africa owing to increasing demand for water treatment chemicals from wastewater treatment plants. Players operating in the global water treatment chemicals market are adopting various growth strategies such as mergers & acquisitions, in order to strengthen their market presence.
Figure 2. Global Water Treatment Chemicals Market Share (%), By Application, 2022
Among applications, the Industrial segment has a 70% market share in the global water treatment chemical market. Water treatment chemicals are used in various end use industries such as oil, gas, pulp and paper, food, and beverages. Increasing demand from these industries and rising industrialization are driving the market for the industrial segment.
Water Treatment Chemicals Market Report Snapshots
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