The global water treatment chemicals market was valued at US$ 30.0 billion in 2018, according to Global Water Treatment Chemicals Market Report, by Product Type (Coagulants & Flocculants, Corrosion Inhibitors, Scale Inhibitors, pH Adjusters & Stabilizers, Biocides & Disinfectants, and Others), by Application (Industrial (Power Generation, Chemicals & Petrochemicals, Pulp & Paper, Tanning and Others) and Municipal), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights.
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. However, demand for water is increasing along with rising population, increasing urbanization, and industrialization in the region. For instance, according to an article titled ‘Water demand versus supply in Saudi Arabia: current and future challenges’ published by International Journal of Water Resources Development in 2014, total water demand in Saudi Arabia for combined domestic, agricultural, and industrial sectors was around 18,000 million m3 in 2010 and it is projected to increase up to 20,000 million m3 by 2030. The article also states that the water supply capacity of treated waste water in Saudi Arabia was around 200 million m3 in 2010, which is projected to increase up to 1,838 million m3 by 2030. Rising demand for wastewater treatment is, in turn, expected to drive demand for water treatment chemicals over the forecast period.
However, chemicals such as ferric chloride used in water treatment are highly corrosive in nature, thus requiring special storage equipment and pumping equipment for its usage as coagulant in water treatment. This is expected to limit the use of chemicals in water treatment processes, thereby restraining growth of the market.
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