Water Treatment Chemicals Market Is Estimated To Witness High Growth Owing To Stringent Regulations on Wastewater Discharge
water treatment chemicals market The water treatment chemicals market is estimated to be valued at US$ 40.53 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Water treatment chemicals are used for purification of water and removal of contaminants. They help in coagulation, flocculation, sedimentation and filtration processes to obtain potable water for industrial and municipal uses. They are utilized in end use industries such as power, oil & gas, mining, chemical, food & beverage and municipal. Market Dynamics: The global water treatment chemicals market is primarily driven by stringent regulations regarding wastewater discharge from industries and municipalities. For instance, according to the United States Environmental Protection Agency (EPA), the Clean Water Act was passed in 1972 which prohibit discharge of pollutants from point...