1. Global Market
From the perspective of the global water treatment chemicals market, the growth rate has been stable in the past five years. In 2019, the global demand was about 40 million tons. It is estimated that by 2025, the global revenue will maintain a CAGR growth of 6%.
2. Regional Markets
From a regional perspective, the Asia-Pacific, North America, and Europe are the three major regional markets. The Asia-Pacific benefited from a fast-growing economy and increased public awareness of environmental protection has made the government more active in wastewater treatment. Different from the relatively complete sewage treatment system in developed economies, regions such as China, India, and Southeast Asia have produced a large amount of industrial wastewater that needs to be treated due to the industrialization process in recent years. In addition, many poor areas in these regions have a demand for clean drinking water. The Asia-Pacific region will be the fastest growing area of water treatment chemicals.
The Middle East, Africa, Latin America and other places have relatively little demand for water treatment chemicals.
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