Market Size of South America Water Treatment Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Water Treatment Chemicals Market Analysis
The market for water treatment chemicals in South America is expected to grow at a CAGR of around 3.5% during the forecast period. One of the major factors driving the consumption of water treatment chemicals is the conformance to stringent environmental regulations. However, the hazardous nature of hydrazine is expected to restrain the market studied during the forecast period.
- The shifting focus onto the usage of green chemicals is likely to provide a major growth opportunity for the market studied during the forecast period.
- Oil & Gas industry is accounting for the major share of the market among the end-user industries currently and is expected to continue its dominance during the forecast period.
- Among the South American countries, Brazil is currently dominating the market studied and is expected to grow at the highest rate during the forecast period.
