Water Treatment Chemicals Market, Overview, Growth, Demand and Forecast to 2024-2031

The Water Treatment Chemicals Market, valued at $302.88 billion in 2022, is poised to grow at a Compound Annual Growth Rate (CAGR) of 9.0% over the forecast period. Key factors propelling this growth include increasing global population, urbanization, and expanding industrial activities across various sectors.

Rising global population and urbanization lead to increased water consumption and wastewater generation, necessitating effective water treatment solutions to ensure the availability of clean and safe water. Industries such as power generation, chemical manufacturing, and food and beverage processing drive demand for water treatment chemicals to meet quality standards and comply with environmental regulations.

Governments worldwide are imposing stricter regulations to address water pollution and ensure treated water discharge is within acceptable limits. Compliance with these regulations fuels the demand for water treatment chemicals. Additionally, increased awareness of water scarcity and the importance of water conservation prompts investments in water treatment technologies to optimize water use and reduce wastage.