Water Treatment Chemicals Market Insights, Leading Players, Growth and Forecast Report 2030

Factors such as the rising concerns regarding waterborne diseases, surging desalination activities, and stringent government regulations regarding water treatment are expected to drive the water treatment chemicals market at a CAGR of 5.2% during the forecast period (2020–2030). The market was valued at $48,938.1 million in 2019, and it is projected to reach $85,341.8 million by 2030. Currently, the development of advanced chemical-based water treatment technologies has become a key trend in this market.

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The increasing desalination activity is expected to facilitate the water treatment chemicals market growth in the coming years. In recent years, desalination has gained rapid momentum in countries with limited freshwater reserves, such as the U.A.E., Qatar, Saudi Arabia, and sub-Saharan nations. The desalination process is adopted in these countries to convert brackish water, or seawater, into freshwater, or potable water. With the burgeoning population in these water-starved nations, the demand for water treatment chemicals will escalate rapidly owing to the soaring demand for high-quality freshwater in these countries.

Globally, Asia-Pacific (APAC) accounted for the largest share in the water treatment chemicals market in 2019, and it is expected to continue its dominance in the forecast years. This can be primarily owed to the existence of a large industrial base and the high living standards. Among APAC nations, Japan and China are the leading consumers of water treatment chemicals. As China is one of the largest polluters in the world owing to it being a leading manufacturing hub, it creates a considerable demand for such chemicals to clean the waterbodies and produce potable water.

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According to P&S Intelligence, the APAC water treatment chemicals market will also display the fastest growth during the forecast period. This will be due to the surging awareness among the people of developing countries about the vitality of treated water and waterborne diseases. Moreover, the strengthening regulatory framework regarding water treatment will also augment the demand for such chemicals in the coming years. Besides, the rising need to preserve freshwater and growing consciousness regarding the same will also facilitate the market growth in APAC.

Thus, the increasing desalination activities and toughening government framework regarding water treatment will steer the market growth in the forecast years.

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This release was published on openPR.