The Global Water Treatment Chemicals Market Size is valued at 35.58 billion in 2023 and is predicted to reach 51.52 billion by the year 2031 at a 4.50% CAGR during the forecast period for 2024-2031.
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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global water treatment chemicals market are:
The following are the primary obstacles to the water treatment chemicals market’s expansion:
Future expansion opportunities for the global water treatment chemicals market include:
Market Analysis:
List of Prominent Players in the Water Treatment Chemicals Market:
Recent Developments:
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Water Treatment Chemicals Market Dynamics:
Market Drivers: Increasing Demand from Corrosion and Scale Inhibitors
Corrosion inhibitors are chemicals employed to mitigate corrosion in boilers. They address the detrimental effects caused by the interaction of oxygen with metallic components. This reaction forms oxides that can negatively impact the boiler’s metallic parts, leading to increased energy costs and maintenance expenses. The inhibitors work by creating a protective barrier, forming a thin layer over the exposed areas of the boiler in contact with water.
Challenges: Increased Usage of Recycling Wastewater
The scarcity of water has led to a rise in the utilization of recycled wastewater. This limited availability of water has become a significant factor contributing to the expansion of the water treatment chemicals market. Additionally, the demand for clean water in industries such as oil and gas, power plants, mining, pulp and paper, and chemical processing is anticipated to propel the growth of the water treatment chemicals market further.
North America Is Expected to Grow with The Highest CAGR During the Forecast Period
The North American Water Treatment Chemicals Market is likely to register a significant revenue share. North Dakota and West Texas regions of North America are the main producers of unconventional energy sources, including tight oil and shale gas, thanks to technological developments in hydraulic fracturing. As a result, the upstream oil and gas industry has seen an increase in demand for water treatment facilities. Strict government restrictions designed to regulate wastewater output and disposal are the cause of this growth. The United States leads the world in energy production, consumption, and supply (thermoelectric power plants). This is according to the International Trade Administration (ITA). Market expansion is anticipated to be positively impacted by the rising demand for treatment chemicals from the American power sector to treat its wastewater.
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Segmentation of Water Treatment Chemicals Market-
By Type-
By Applications-
By End-User-
By Source
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
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