11 September 2019
Visiongain’s new report the Industrial Water Treatment Chemicals Market Report 2019-2029: Forecasts by Application (Raw Water Treatment, Water Desalination, Cooling and Boilers, Effluent Water Treatment), by Region and Analysis of Leading Companies indicates that the Global Industrial Water Treatment Chemicals Market was valued at $20 billion by 2029.
As a consequence of fast urbanization, rising economic development, and increasing industrial activity, demand for water is steadily increasing. A number of products are used to meet the ever-increasing demand and ensure the safety of consumers. Boiler therapy, wastewater effluent treatment, cooling therapy, and purification are the four fundamental procedures concerned.
Freshwater demand in the U.S. is expected to rise due to climate change, changes in energy generation and land use, and increasing human population. The countries freshwater is mainly used for industrial and municipal uses, cooling and irrigation of electric power plants, as well as for aquaculture and livestock.
Several market policies and laws govern industrial therapy chemicals. Under EPA regulations, a number of pollution control programs are implemented under the Clean Water Act (CWA) and Safe Drinking Water Act (SDWA), including the establishment of wastewater norms to safeguard drinking water quality in the U.S. Similarly, water treatment chemicals in Europe are regulated by the Urban Wastewater Treatment Directive, the Drinking Water Directive and the Water Framework Directive.
High process-related expenses, including maintenance, energy, and pollution charges, substantially lead to operating charges, which could act as a barrier to market growth. Many other parameters that affect operating costs include plant ability, number of staff, plant place, type of effluent that needs to be handled, technology and chemicals choice, and degree of automation.
However, it is anticipated that the transition from UN Sustainable Development Goals to Millennium Development Goals will further alter the dynamics of the alternatives and techniques used in the sector.
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