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The global water treatment chemicals market size was valued at US$ 50.3 Billion in 2020.
According to the estimates by IMARC Group, the global water treatment chemicals market is expected to witness a CAGR of 5.2% from 2021 to 2026.
The growing usage of water treatment chemicals for the treatment of cooling water, boiler water, raw water, and effluent and reverse osmosis (RO) membranes across various industries like power, fertilizer, paper, chemicals and petrochemicals, is one of the key trends in the global water treatment chemicals market.
The rising demand for fresh water due to growing population and rapid industrialization represents one of the key drivers for the global water treatment chemicals market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disrupted supply chains and temporary halt in the production of water treatment chemicals.
On the basis of the type, the market has been bifurcated into coagulants and flocculants, corrosion and scale inhibitors, biocides and disinfectants, PH adjusters and softeners, defoaming agents, and others. Currently, coagulants and flocculants hold the majority of the total market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global water treatment chemicals market are BASF SE, Ecolab Inc., Kemira OYJ, Solenis LLC, Akzo Nobel N.V., Baker Hughes Incorporated, Lonza, The DOW Chemical Company, Snf Floerger and Suez S.A.
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