The increasing world’s population is attributing to people searching for alternative sources of water such as rivers, streams, lakes are commonly known as surface water. Moreover, of all the consumable water in the world, approximately 97% of it comes from surface water. In order to make it free from pollutants, scientists are rampantly innovating and developing methods in order to make the water fit for human consumption.
Water is the most essential constituent in our day-to-day life and pure water is specifically crucial for the overall well-being of the community. Water is a universal solvent, however; solids, sand, clay, dust, and rust are not soluble in water.
Furthermore, these particles remain undissolved in water, resulting in cloudiness, and are particularly known as total suspended solids (TSS). Additionally, water treatment is done in order to decrease the TSS levels as per the demand of the consumer which is done with the help of water treatment chemicals thereby extending the overall growth of the global water treatment chemicals market.
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Increasing investment in the industrial sector along with extensive demand from municipal industrial wastewater treatment are the key factors driving the growth of the global water treatment chemicals market. Increasing industrial growth and activities due to the rapid expansion of the global population is thereby accentuating the need for water treatment chemicals in order to make the water fit for human consumption.
Moreover, stringent regulations imposed by the government authorities towards total suspension of the solid level of the water and reuse of water is thereby escalating the growth of the global water treatment chemicals market.
However, the occurrence of alternative water treatment methods is the key factor that acts as a hurdle for the growth of the global water treatment chemicals market.
Key players operating in the water treatment chemicals market are emphasizing their efforts upon strategic acquisitions in order to strengthen capabilities of research & development that support them in providing innovative solutions to the users and thus gain competitive advantage.
Some of the major players operating the global water treatment chemicals market include Baker Hughes Incorporated, SAMCO, Chembond Chemicals Limited, The Dow Chemical Company, Akzo Nobel N.V., Arkema, Solenis, Kemira, BASF SE, Ecolab Inc, SNF Group, SUEZ, VASU Chemicals, and Johnson Matthey.
Source: VynZ Research