The increasing desalination operations in several countries around the world such as the Qatar, U.A.E., Saudi Arabia, and various sub-African countries, on account of the limited availability of freshwater reserves, are massively pushing up the demand for water treatment chemicals all over the world. These processes are adopted for changing brackish or seawater into freshwater or potable water. Furthermore, with the surging population levels in several water-starved countries, the requirement for high-quality freshwater is growing rapidly.
Due to the aforementioned reasons, the global water treatment chemicals market is exhibiting rapid expansion. The market valuation is predicted to rise from $48,938.1 million in 2019 to $85,341.8 million by 2030. The market will progress at a CAGR of 5.2% between 2020 and 2030. Scale inhibitors, coagulants and flocculants, chelating agents, corrosion inhibitors, biocides and disinfectants, anti-foaming agents, pH adjusters and stabilizers, oxidants, and oxygen scavengers are the most commonly used types of water treatment chemicals across the world.
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Globally, the water treatment chemicals market would register the fastest growth in Asia-Pacific (APAC) in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. The key factor driving the market advancement in this region is the existence of a huge industrial base in emerging economies in APAC such as India, China, Indonesia, and Thailand. Additionally, the rising prevalence of waterborne diseases is fueling the demand for water treatment in this region.
Hence, it can be said with confidence that the demand for water treatment chemicals would surge all over the world in the coming years, mainly because of the rising requirement for potable water for use in various industrial and residential applications and the growing incidence of waterborne diseases around the world.
Read more: https://www.psmarketresearch.com/market-analysis/water-treatment-chemicals-market
