Water Treatment Chemicals Market To Surpass US$ 49.0 Billion By 2027

Water treatment chemicals are used for removing contaminants from water. Water treatment chemicals include algaecides, antifoams, biocides, boiler water chemicals, coagulants, corrosion inhibitors, disinfectants, flocculants, neutralizing agents, oxygen scavengers, pH conditioners, resin cleaners, and scale inhibitors. These water treatment chemicals find applications in boiler water treatment, membrane water treatment, and cooling water treatment.

The global water treatment chemicals market is projected to reach US$ 49.0 Billion by 2027, exhibiting a CAGR of 5.6% during the forecast period. Low water reserves and minimal rainfall are some of the challenges faced by major countries around the world.

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Major players operating in the global water treatment chemicals market include BASF S.E., Suez S.A., Kemira OYJ, BWA Water Additives, Ecolab Inc., Cortec Corporation, DowDuPont Inc., Baker Huges Incorporated, Akzo Nobel N.V., and Solenis LLC

North America accounted for the largest market share of 30.5% in 2018 in the global water treatment chemicals market. Stringent regulations imposed by the government for supply of clean drinking water is expected to propel growth of the water treatment chemicals market. In the U.S., under the Safe Drinking Water Act (SDWA), Environmental Protection Agency (EPA) has been given the authority to set standards for drinking water quality. The EPA has set maximum contaminant levels and treatment techniques required for over 90 different contaminants.

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This report provides pin-point analysis for changing competitive dynamics
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