Regional Insights into the Water Treatment Chemicals Market: Key Segmentation Trends and Forecasts
The global water treatment chemicals market, valued at USD 32.2 billion in 2022, is set for steady growth, with an expected compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. This upward trend reflects the rising demand for water treatment solutions across various industries, particularly in emerging economies where industrial expansion and urbanization are driving the need for improved water management practices. Key factors contributing to this growth include increasing requirements from sectors such as sugar and ethanol production, fertilizers, geothermal power generation, petrochemical manufacturing, and refining. Key Growth Drivers Industrial Growth in Emerging Economies Rapid industrialization in emerging economies, particularly in regions like Asia-Pacific, the Middle East, and parts of Latin America, has intensified the need for water treatment chemicals. Industries in these regions, such as petrochemical, refining, and geothermal power generation, require larg...