Press Release-Water Treatment Chemicals Market Expected to Reach Valuation of USD 72.93 Billion by 2028 - Increasing Demand for Chemically Treated Water in Various End-Use is Driving the Market
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Water Treatment Chemicals Market Expected to Reach Valuation of USD 72.93 Billion by 2028 - Increasing Demand for Chemically Treated Water in Various End-Use is Driving the Market
In terms of revenue, the Global Water Treatment Chemicals Market is expected to reach USD 72.93 Billion by 2028, growing at a CAGR of 9.3% from 2022 to 2028. Water treatment chemicals provide an advantage for removing harmful bacteria, unwanted metals such as mercury, chloramines, VOCs, pharmaceutical waste, herbicides, and others. These agents are harmful to human health and need to be eradicated or cleaned. Rising demand for chemically treated water is needed in urban cities which is driving the Water Treatment Chemicals Market.
Key Findings
Some of the key players dominating the Water Treatment Chemicals Market include, BASF SE (Germany), Ecolab Inc. (US), Solenis LLC (US), Akzo Nobel N.V. (Netherlands), Kemira OYJ (Finland), Baker Hughes (US), Lonza (Switzerland), The Dow Chemical Company (US), Snf Floerger (France), Solenis LLC (US), and Suez S.A. (France).
Water players a vital role in everyone’s life. Clean water is essential for drinking, industrial works, hospitals, commercial spaces, and others. In spite of personal cleaning machines and water purifiers water coming from dams, rivers, lakes and other sources needs to be treated chemically due to harmful content present. Industries consume tons of liters of water every day and this water is released in rivers, seas, and lakes and is reused again by chemically treating it. The major key advantages of water treatment chemicals are it provides clean and reusable water, protects the environment, keep diseases away, and produces energy (Hydroelectricity). There are some disadvantages of chemicals used to treat water. For instance, chemical coagulation an additive process used in treating water results in large proportions of sludge which is hazardous to plants and animals. This might hamper environmental sustainability and lead to problems and environmentalists might take certain actions to avoid this usage. Chemicals that might cause problems to a certain extent are chlorine disinfectants, UV disinfectants, electrochemical coagulation, and various others.
Asia Pacific is expected to grow at the fastest CAGR in the coming years due to the high demand for clean water in cities and industries. Major Key players are investing in the production of chemicals for treating water. China to be the epic center for manufacturing, the huge potential is predicted for Water Treatment Chemicals Market in recent years. Low cost of production and high demand is expected to flourish the Water Treatment Chemicals Market.
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Water Treatment Chemicals Market Expected to Reach Valuation of USD 72.93 Billion by 2028 - Increasing Demand for Chemically Treated Water in Various End-Use is Driving the Market
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