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Industrial Water Treatment Chemicals Market 2024-2033: Opportunity Assessment, Growth Rate, Industry Share And Major Players
Industrial Water Treatment Chemicals Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Industrial Water Treatment Chemicals industry. This report on Industrial Water Treatment Chemicals Market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The industrial water treatment chemicals market size has grown strongly in recent years. It will grow from $29.53 billion in 2023 to $31.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to increase in water pollution control, rise in industrial expansion, need for water reuse, increase in scaling and corrosion control, increase in use of boiler and cooling water treatment.
The industrial water treatment chemicals market size is expected to see strong growth in the next few years. It will grow to $39.48 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rising demand for recycling and reuse, increasing regulatory changes, growing oil and gas industry, increasing demand from healthcare and pharmaceuticals sectors, rising demand in desalination. Major trends in the forecast period include advanced oxidation processes, smart water treatment, reduced chemical usage, disinfection technologies, microplastics and micropollutants removal.
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Key Market Players:
BWA Water Additives UK Ltd., Dow Chemical Company, Ecolab Inc., Ashland Water Technologies, Kemira Oyj, Solenis LLC, Suez S.A, BASF SE, DuPont de Nemours Inc., Lonza Group Ltd., Buckman Laboratories International Inc., Snf Pvt. Ltd., The Lubrizol Corporation, Chemtrade Co. Ltd., Solvay SA.
Market Drivers:
According to the Industrial Water Treatment Chemicals Market Report 2024 by The Business Research Company, growth in industrialization and an expanding automotive sector are expected to propel the growth of the industrial water treatment chemicals market. Industrialization is rapidly growing in emerging economies such as China and India. The automotive sector is also expanding; for instance, according to the data provided by the India Brand Equity Foundation in November 2021, the production of automobiles increased at a rate of 2.36% CAGR between FY16 and FY20, and in FY20, 26.36 million vehicles were manufactured in India. Therefore, growth in industrialization and an expanding automotive sector drive the industrial water treatment chemicals market.
More information about the Global Industrial Water Treatment Chemicals Market Report -
https://www.thebusinessresearchcompany.com/report/industrial-water-treatment-chemicals-global-market-report
Market segments for template include:
1) By Product: Antifoams, Oxygen Scavengers, Corrosion Inhibitors, Biocides and Disinfectants, Oxidants, PH Conditioners, Sludge Conditioners, Scale Inhibitors, Other Products
2) By Application: Raw Water Treatment, Cooling and Boilers, Effluent Water Treatment and Water Desalination
3) By End User: Oil and Gas, Power, Metal and Mining, Chemical, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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