November 27, 2020

Why Water Treatment Chemical Sales Are Burgeoning in Asia-Pacific (APAC) Region?

Water pollution is increasing tremendously because of the high-volume discharge of untreated water from households, industrial units, commercial spaces, and power plants. Freshwater sources have become unfit for human consumption because of the large-scale discharge of toxic chemicals in these sources. To meet the demands for clean and safe water, the treatment of wastewater has become quintessential. Water treatment plants are emerging at a fast pace to prevent the spread of waterborne diseases, especially in developing countries.

Driven by the strict government norms, growing concerns for waterborne diseases, and increasing desalination activities worldwide, the water treatment chemicals market will advance at a CAGR of 5.2% during the forecast period of 2020–2030. The market was valued at $48,938.1 million in 2019, and it is projected to generate revenue of $85,341.8 million in 2030. To enhance the efficiency of the water treatment process, investments in research and development (R&D) for chemical-based water treatment technologies have increased significantly.

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Additionally, the increasing need for the seawater desalination process will contribute to the water treatment chemicals market growth. Saudi Arabia, Qatar, the U.A.E., and sub-African countries are adopting the process of desalination at a rapid pace to convert brackish or seawater into freshwater or potable water. Because of the limited number of freshwater sources, the aforementioned countries are likely to demonstrate a high demand for the enabling chemicals. This demand will primarily be driven by the increase in the requirement for freshwater owing to the rising population.

Because of the high-volume discharge of effluents from industries in APAC countries, freshwater sources are becoming scarce. To curtail this phenomenon, governments in this region are imposing stringent norms on industries, power plants, construction companies, and oil and gas refineries. Government initiatives, along with the increasing consciousness and need to preserve freshwater, will lead to growth in the consumption of water treatment chemicals in the APAC region in the future.

Thus, the rise in the demand for safe and clean water will lead to an increase in the requirement for water treatment chemicals around the world.

[K1]Always use comma when separating the cause and effect.