Market Size of Water Treatment Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.03 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Water Treatment Chemicals Market Analysis
The water treatment chemicals market is estimated at USD 35.83 billion currently. It is expected to reach USD 48.02 billion over the forecast period, registering a CAGR of over 6.03% during the forecast period.
The COVID-19 pandemic negatively impacted the water treatment chemical market. However, the market recovered significantly in 2021 due to rising consumption from various end-user industries such as chemical manufacturing, mining, and municipal.
Over the short term, rising water pollution and stringent regulations around wastewater treatment are major factors driving the market's growth.
- Conversely, non-compliance with regulations in emerging markets is expected to hinder market growth.
- Furthermore, growing product and technology innovation is expected to be a market opportunity in the coming years.
- Asia-Pacific represents the largest market and is expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.
