Water Treatment Chemicals Market Size and Growth Analysis-2021
Water Treatment Chemicals Market:
The watertreatment chemicals market is predicted to grow from $ 42.51 billion in 2020 to $ 56.84billion in 2025, with a CAGR of 6.6% from 2020 to 2025. Chemicals watertreatment removes bacteria, algae, viruses, minerals, and suspended solids fromuntreated water. It is also employed to treat alkalinity and maintain the pHlevel of industrial wastewater. Power and manufacturing industries around theworld require a large amount of water for efficient operation. Power plants,for example, require water for steam generation, ash treatment, flue gasdesulfurization and cooling systems. Cooling steam using cooling towersrequires almost 90% of the total water employed in power plants. All theseprocesses produce a large amount of polluted water, which is dangerous for theenvironment. Strong call for water treatment chemicals in end-use industries isprompting manufacturers to increase their production capacity.
Impact of Covid 19 on the WaterTreatment Chemicals Market:
Although the COVID-19 pandemic hasnegatively affected several markets, due to national blockages that leadmanufacturers to close their operations, the market for chemicals for watertreatment has grown pandemic due to increased consumption of water to maintainhygiene. The provision of clean water, sanitation, and hygienic conditions isextremely vital to human health during epidemics like COVID-19. In addition,according to the provisional guidance of the World Health Organization of April2020, frequent hand hygiene is one of the most important measures to preventthe attack of the coronavirus.
Market drivers and restraints:
Escalating call for chemically treated water from variousend-use industries is predicted to drive expansion of the water treatmentchemicals market worldwide during the foreseen period. Rising environmental andclimate concerns, world population expansion, and aging infrastructure are thefactors believed to drive the Water Treatment Chemicals market during theforeseen period. Manufacturing industries such as chemicals, pulp and paper,oil and gas, food and beverage, and mining also generate large amounts ofpolluted wastewater on a daily basis. Thus, the wastewater generated by theseindustries is generally loaded with toxic, carcinogenic and non-biodegradablechemicals; organic matter and mineral nutrients such as nitrogen andphosphorus; and traces of metals and oxides, which are essential to treatbefore they are released into water bodies, thus driving global call forwastewater treatment chemicals during the foreseen period. Furthermore, withthe increase in the production capacity of manufacturing industries, the amountof industrial effluent is also escalating. These effluents at the entrance towater bodies alter the balance of chemical oxygen call (COD) and biologicaloxygen call (BOD), causing water pollution, promoting the expansion of chemicalproducts. water treatment.
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Report segmented as:
By type:
· Coagulants &flocculants
· Corrosion inhibitors
· Scale inhibitors
· Biocides anddisinfectants
By end user:
· Municipal
· Power
· Oil and gas
· Mining
Geographical analysis:
North America is predicted to be the biggest industry forwater treatment chemicals throughout the foreseen period. The large industrialbase, the high disposable income of the masses and their high standard ofliving are the factors that are predicted to drive the expansion of the NorthAmerican Water Treatment Chemicals market between 2020 and 2025. It ispredicted that The Asia-Pacific water treatment plant experienced the highestexpansion during the foreseen period, in terms of volume, due to the increasein living standards of the masses in the region which has resulted in anincrease in call. The growing need for environmentally friendly chemicalformulations and the proliferation of patent copies are the main challenges forthe expansion of the water treatment chemicals market between 2020 and 2025. InEurope, escalating consumption of the products Chemicals for water treatment inwastewater discharges from manufacturing industries are predicted to stimulateregional call. Furthermore, strict regulations imposed by the government tocontrol water pollution are likely to favor chemicals for water treatmentduring the foreseen period. The North American market for water treatmentchemicals is dominated by escalating application in the chemical treatmentindustry. The market in the Asia-Pacific region is growing at a remarkable ratedue to the increase in population that has caused water pollution and hasdriven call for water treatment chemicals during the timeline period.
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