Water Treatment Chemicals and Technologies Market: introduction

Transparency Market Research (TMR) has released a new market study based on the global Water Treatment Chemicals and Technology Market. According to the research report, the global market for water treatment chemicals and technologies reached US$ 169.3 billion in 2020. The study forecasts that this market will grow at a CAGR of 4.2% in the period from 2021 to 2031 to reach the value of US$ 233.5 billion by the end of the forecast period.

Water treatment is the process of removing various contaminating substances that are naturally present in water to make it more usable for humans. The type of chemicals and amount of chemicals used for water treatment varies by location. It also depends on the water quality, which depends on factors such as alkalinity, hardness, pH and total dissolved solids (TDS) in the water. The water treatment chemicals and technologies market includes the technologies and equipment required for water treatment. Increasing world population, strict government guidelines, increasing demand for clean water and increasing industrialization are the main factors driving the growth of the global water treatment chemicals and technologies market. In developed economies, the replacement of equipment, technological advances, and the introduction of innovative products are the key characteristics driving the water treatment chemicals and technologies market.

Request sample report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=206

Water Treatment Chemicals and Technologies Market: Dynamics

Freshwater resources account for only 2.5% of the world’s total water resources, making water supply for industrial and domestic use a major challenge. The ever-widening gap between demand and supply of water makes it necessary to recycle it efficiently, which can be achieved through the treatment of…