Market Size of India Water Treatment Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 9.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Water Treatment Chemicals Market Analysis
The India water treatment chemicals market is projected to register a CAGR of over 9% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, various end-user industries, such as petrochemical, cut their production during the lockdown, considering the decline in demand. Though, the market study recovered in 2021 at a steady rate.
- Over the short term, the increasing demand from the chemical manufacturing industry is expected to drive the market's growth.
- However, the toxicity of water treatment chemicals is restraining the demand for water treatment chemicals in the country.
- The increasing investments in sewage treatment plants are likely to provide a major growth opportunity to the market studied.
- Among the applications, the power generation sector accounts for the largest market share and is likely to dominate the market during the forecast period.
