Stratview Research Releases a Study on Water Treatment Chemical Market Size
Stratview Research launches a new research report on the Water Treatment Chemical Market.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today's water treatment chemical market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in our water treatment chemical market report from the industry stakeholders, we have tried to further accentuate our research scope to the water treatment chemical market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as formulate growth strategies.
Water Treatment Chemical Market: Highlights from the Report
Water treatment is a process that is used to improve the water quality, making it appropriate for various purposes such as drinking and industrial applications. Treating water means removing its contamination or at least reduce its concentration to make it usable. Numerous varieties of chemicals are used for this purpose. Water treatment has a wide range of applications in wastewater, industrial water, and potable water. Its market in North America and Asia pacific is already well established attributed to increased awareness regarding the quality of water. Also, both regions are among the prominent users of industrial chemicals.
The water treatment chemicals market logged a heavy decline of more than -14% in 2020. The market was hit adversely by the pandemic majorly because of a decline in the tourism industry in the wake of complete restrictions on traveling. Furthermore, various industries, such as petrochemical, had cut their production during the lockdown period, aggravating the overall demand. However, the industry stakeholders are expecting healthy market recoveries in the coming years, assisting them to resuscitate the losses incurred during the pandemic. In the long term, the market for water treatment chemicals is expected to grow at a healthy CAGR of 6.0% over the next five years to reach US$ 35 billion by 2026.
For access to the full report, visit the Stratview Research website.
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