Water Treatment Chemical Market Sales Analysis by Size, Share, Demand & Growth to 2034

-

 According to Future Market Insights, the water treatment chemical market is expected to reach a valuation of US$ 38.6 billion in 2024. The market is projected to reach US$ 58 billion by 2034, registering a CAGR of 4.2%. This represents a significant growth opportunity for the industry, which plays a crucial role in treating and purifying water for industrial and domestic applications.

The demand for clean water and increasing awareness of water pollution drive market growth. Industrialization, technological advancements, and strict environmental laws in emerging nations also drive the development of the water treatment chemical market.

Population growth and industrial water demand drive the global market for water treatment chemicals. As water reuse and recycling become more important, industries recognize the importance of water. The rise in awareness of the negative effects of water pollution has increased the demand for water treatment chemicals. This demand for innovative solutions to protect water purity and ecosystems drives significant global market growth.

Advancements in water treatment techniques are driving the global expansion of the water treatment chemicals market, addressing pollution and water scarcity concerns. Industrialization also contributes to the demand for efficient water purification and treatment solutions, as water is crucial for various industrial processes. The need for effective solutions further underscores the importance of the industry.

Request Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-19001

The water treatment chemical industry is experiencing a surge in demand, especially in emerging economies, due to increasing awareness of waterborne diseases and the need for improved water quality. The industry has evolved to meet these demands, driven by population growth, industrialization, pollution awareness, and technological progress, shaping the future trajectory of the water treatment chemical market.

“The water treatment chemical industry is anticipated to undergo changes in the forthcoming decade to fulfill the growing global need for safe and clean water. Innovation in water treatment techniques is likely to be fueled by technological breakthroughs, creating more effective and long-lasting solutions. Furthermore, industry participants are expected to be compelled to embrace greener practices due to regulatory pressures and rising environmental concerns, encouraging a shift towards eco-friendly water treatment chemicals and procedures.” says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Key Takeaways from the Water Treatment Chemical Market

  • The United States water treatment chemical industry is projected to experience a CAGR of 4.5% through 2034.
  • Japan’s water treatment chemical industry is expected to demonstrate a moderate CAGR of 5.6% through 2034.
  • The United Kingdom’s water treatment chemical market is anticipated to see a CAGR of 5.2% through 2034.
  • The South Korea water treatment chemical industry showcases a significant CAGR of 6.1% through 2034.
  • The China water treatment chemical industry is expected to display a favorable CAGR of 4.9% through 2034.

Competitive Landscape of the Water Treatment Chemical Market

Innovations and strategic initiatives are transforming the global water treatment chemical sector. Innovations in materials, manufacturing techniques, and water treatment chemistry are pioneered by research and development centers inside water cleansing corporations.

Technological advancements are accelerated by cooperative relationships between government agencies, academic institutions, and industry participants. With their knowledge of large-scale hydro disinfection projects, pH adjusters and stabilizer technology, and water purification technologies, BASF SE, Ecolab Inc., and Solenis LLC are leading the industry. Their combined influence propels water treatment chemical solutions’ innovation, efficiency, and scalability. These qualities are all essential for the sector’s advancement toward broad acceptance and the switch to green hydropower generation.

The demand for water treatment chemicals is increased globally by these producers, promoting innovation, market expansion, and technical developments in the coming decade.

Recent Developments in the Water Treatment Chemical Market

  • LG Chem Ltd. intends to invest US$ 94.5 million in August 2023 to quadruple its South Korean output capacity for water treatment materials. The company plans to build a desalination plant that processes 1.6 billion tons of water annually.
  • Siemens Energy acquired water and wastewater treatment technologies, intellectual property, copyrights, trade secrets, and research and development properties from Lummus Technologies in May 2023.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. One significa
Read more

Construction Chemicals Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

-
 The essential nature of construction chemicals in the construction and engineering sector is expected to support market growth for the duration of the assessment period from 2021 to 2031. In a new market report, Future Market Insights (FMI) has stated the valuation of the market at US$ 39 Bn in 2020.  Construction chemicals  play critical roles in construction projects including coatings, additives, sealants and more. Affordable housing and smart city projects are major influencers of demand. Strong demand for concrete admixtures, plasticizers in particular is driving the growth of the construction chemicals market. The high degree of workability in areas requiring high levels of reinforcement in high rise buildings and public infrastructure projects will support sales prospects in the coming years. The Asia Pacific excluding Japan region is expected to remain dominant. Major urbanization projects and substantial manufacturing facilities in China are likely to aid expansion of the
Read more