Water Treatment Chemicals Market to Garner $46.5 Billion, Globally, By 2027 at 5.1% CAGR, Says Allied Market Research
According to the report published by Allied Market Research, the global water treatment chemicals market garnered $33.3 billion in 2019, and is projected to generate $46.5 billion by 2027, witnessing a CAGR of 5.1% from 2020 to 2027.
- According to the report published by Allied Market Research, the global water treatment chemicals market garnered $33.3 billion in 2019, and is projected to generate $46.5 billion by 2027, witnessing a CAGR of 5.1% from 2020 to 2027.
- Increase in demand for clean water for municipal & industrial applications, strict regulations regarding wastewater discharge, and rise in investments in the industrial sector propel the growth of the global water treatment chemicals market.
- Nevertheless, accessibility of alternative water treatment methods and ill-effects of chemicals during the water treatment impede the market growth.
- However, utilization of silver-based biocides in water treatment and increase in demand from emerging countries are anticipated to usher new opportunities in the near future.