Global Water Treatment Chemicals Market Trends & Forecast Report

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Global Water Treatment Chemicals Market
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A study recently conducted by the strategic
consulting and market research firm BlueWeave
Consulting revealed that the global water
treatment chemicals market was worth USD 35.1
billion in 2020 and is further projected to
reach USD 65.2 billion by 2027, at a CAGR of
8.90 during the forecast period (2021-2027). The
market is driven by increasing methane
contamination in water due to shale gas
exploration, increasing demand from industrial
municipal wastewater treatment, stringent
regulations, and rising concern regarding
environmental sustainability.   Increasing
methane contamination in water due to shale gas
exploration driving the market Natural gas
trapped inside the shale formation is known as
shale gas. Fine-grained sedimentary rocks,
generally known as shale, can be a rich source of
petroleum and natural gas. Natural gas is usually
trapped within the pores of sedimentary rocks.
Shale gas is becoming increasingly popular
because it is considered a cleaner energy
source than coal, emitting less than half
the CO2.
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Increasing demand from industrial and municipal
wastewater treatment driving market
growth According to International Water
Association, around 80 of the worlds wastewater
is dumped right back into the environment,
without treatment. Consequently, it pollutes the
environment and reduces the supply of fresh
water. In 2020, a study conducted by Utrecht
University and the United Nations University
Environment and Health (UNU-INWEH) estimated that
around 359.4109 m3 of wastewater is generated
annually, with only 52 of it being treated
before being released. For a long time,
governments and environmental organizations
around the world have been advocating the use of
industrial and urban wastewater treatment.
Companies are encouraged to install wastewater
treatment plants and release only
contaminant-free water into the environment. The
need for industrial and urban wastewater
treatment is growing by the day, and it is
expected to drive the global water treatment
chemicals market during the forecast period, as
demand for fresh water is expected to increase by
one-third by 2030.Read Morehttps//www.blueweav
econsulting.com/water-treatment-chemical-market/re
port-sample