Water Treatment Chemicals Market Share

APAC Market Forecast

The water treatment chemicals market in the Asia Pacific is estimated to acquire the largest share of 37% and witness significant growth over the forecast period on the back of rapidly growing urbanization, which is expected to boost the growth of end-user industries of the product in the region including chemical, power, and oil & gas.

Furthermore, increasing urbanization and growth in China are projected to fuel numerous industries such as municipal, industrial, food & beverage, oil & gas, and others, owing to the high need for fresh water in these sectors, which is expected to drive the growth of the market. As per International Trade Administration, China is planning to construct 80,000 km sewage collection pipeline networks and grow the sewage treatment capacity by 20 million cubic meters between 2021 and 2025.

North American Market Statistics

The water treatment chemicals market in North America is also predicted to occupy a notable share during the estimated period, which can be credited to the rising penetration of water treatment facilities in the upstream oil & gas sector, and soaring water scarcity in the region.

Furthermore, In Canada and the United States, the increasing demand for water and wastewater treatment in the municipal and industrial sectors owing to the wide properties of water treatment chemicals is estimated to drive market growth. The United States Environmental Protection Agency (USEPA) places a strong focus on the improvement of water and sewage facilities, especially in the local wastewater treatment domain, and plans to invest an estimated USD 600 billion in capital improvements over the next 20 years.