Market Size of Australia & New Zealand Water Treatment Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia & New Zealand Water Treatment Chemicals Market Analysis
Australian and New Zealand water treatment chemical markets are expected to register a CAGR of over 5% during the forecast period. Due to the outbreak of COVID-19, the chemical sector was negatively affected. Lack of resources, shortage of human resources, and other constraints significantly obstructed the expansion of the industry. The market recovered in 2021 and is expected to grow considerably in the coming years.
- Over the short term, rising ground and surface water pollution, growing demand from power and industrial applications, and government intervention in reliable wastewater management are expected to boost the market growth.
- However, the hazardous nature of hydrazine and emerging chemical-free alternatives to water treatment chemicals are expected to hinder the market's growth.
- Nevertheless, the shifting focus toward green chemicals will likely create lucrative growth opportunities for the studied market.
