Market Size of Municipal Water Treatment Chemicals Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Municipal Water Treatment Chemicals Market Analysis
The market for municipal water treatment chemicals is likely to witness a CAGR of over 5%, during the forecast period. One of the major driving factors of the market is rising environmental concerns for the release of toxic wastes. However, lack of awareness regarding chemical water treatment technologies is likely to restrain market growth, during the forecast period.
- Increasing demand for municipal water treatment chemicals in Asia-Pacific and Middle East & Africa is also likely to boost the demand for municipal water treatment chemicals.
- Shifting focus toward the usage of green chemicals is expected to provide new opportunities for market growth in the future.
- Asia-Pacific is likely to dominate the market during the forecast period.