Industrial Water Treatment ChemicalsCompanies (2024 - 2029)

Industrial Water Treatment Chemicals Market Companies Summary

The industrial water treatment chemicals industry, which faced a downturn due to the COVID-19 pandemic, has shown signs of recovery in 2021. The initial impact was due to the shutdown of manufacturing facilities and plants, along with disruptions in supply chain and transportation. However, the industry has bounced back and the demand for the market studied has rebounded. Factors such as increasing production of shale gas in the United States and growing production activities in the chemical and paper industry are expected to drive the demand for the industrial water treatment chemicals market. However, alternative water treatment technologies are expected to hinder the market's growth. The power industry plays a significant role in the industrial water treatment chemicals market due to its high water consumption for operations. The electric power generation industry is one of the biggest water consumers worldwide and is also a major source of industrial wastewater. This wastewater contains toxic metal impurities which can cause significant environmental damage if not treated properly, thus necessitating the use of water treatment chemicals. The Asia-Pacific region, particularly countries like China, India, and Japan, dominates the global market due to the largest consumption of these chemicals. The government's push for economic growth and urbanization in these countries is leading to an increased demand for improvement in wastewater infrastructure, leading to an increased usage of water treatment chemicals.