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DUBLIN, Sept. 28, 2022 /PRNewswire/ — The “Water and Wastewater Treatment Chemicals Market by Type, Source, End User, and Geography – Global Forecast to 2029” report has been added to ResearchAndMarkets.com’s offering.
The global wastewater treatment chemicals market is projected to reach $52.01 billion by 2029 at a CAGR of 4.7% from 2022 to 2029.
The growth of this market is driven by rapid population growth & urbanization, stringent water treatment regulations, regulatory and sustainability mandates concerning the environment, the lack of freshwater resources, and the increasing prevalence of waterborne diseases. However, the high installation, maintenance, and operating costs of wastewater treatment plants restrain the growth of this market.
The growing demand for energy-efficient and advanced water treatment technologies is expected to create market growth opportunities. However, the high cost of upgrading and replacing aging water infrastructures is a major challenge for market growth.
The water and wastewater treatment chemicals market is segmented based on type, source, end user, and geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on type, the water and wastewater treatment chemicals market is segmented into corrosion inhibitors, coagulants and flocculants, biocides and disinfectants, scale inhibitors, pH adjusters and softeners, anti-foaming agents, odor removal agents, and others. The coagulants and flocculants segment is expected to grow at the highest CAGR during the forecast period.
The major factors attributed to the growth of this segment include the increased use of these chemicals in municipal and wastewater treatment in various industries such as power, oil & gas, chemical, …
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