Water Treatment Polymers Market Regional Analysis:
North America Market Statistics
North America water treatment polymers market is anticipated to capture revenue share of over 63.3% by 2035. The market growth in the region can be attributed to the surging demand for these polymers for drilling, well completion, production, and enhanced oil recovery in the oil & gas industry. As the region continues to develop fracking technologies, the enhanced oil recovery technology is expected to play a significant role in oil and gas extraction operations, driving regional water treatment polymers market expansion. Furthermore, the presence of several agencies in the U.S. like the Environmental Protection Agency (EPA), and UN-water has mandated that industries treat water before it is disposed out of the facility.
In Canada, the growing demand for prudent water management and wastewater treatment has increased as a result of shifting climatic patterns and the acknowledgment of water shortage as a global problem. Therefore, the country is actively engaging in research & development efforts to explore sustainable and cost-effective wastewater treatment techniques for rural communities.
Europe Market Analysis
Europe will encounter huge growth in the water treatment polymers market during the forecast period. The market is growing in the region due to the increased government initiatives for water & wastewater treatment. For instance, the European Commission proposed to amend the urban wastewater treatment regulation in October 2022 to align with the EU's policy goals for pollution reduction, the circular economy, and climate action. One of the main projects within the EU's zero pollution action plan for land, water, and air is the legislation.
Among Europe's leading producers of chemicals is Germany. Since the nation is home to several important industries, water treatment laws are essential for reducing pollution. Sales of water treatment polymers are anticipated to increase in Europe as a result of strict regulations about water treatment, particularly in Germany. Polyacrylamides are the most widely used product type segment in Germany due to their growing use in metal recovery by flocculation of metal through the preparation of metal salts.
