North America Water and Wastewater Treatment Chemicals Market to Grow with a CAGR of 4.28% through 2028
Surge in research and development activities is expected to drive the North
America Water and Wastewater Treatment Chemicals Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “North
America Water and Wastewater Treatment Chemicals Market– By Region,
Competition, Forecast and Opportunities, 2018-2028F”, the North America
Water and Wastewater Treatment Chemicals Market stood at USD75.26 billion in
2022 and is anticipated to grow with a CAGR of 4.28% in the forecast period,
2023-2028. The initiatives taken by government based on water and wastewater
treatment Chemicals has led to favorable market conditions for the North
America Water and Wastewater Treatment Chemicals Market. Several factors
contribute to the growth of various water and wastewater treatment chemicals market
products.
The U.S.
Environmental Protection Agency (EPA) has been actively taking key actions to
comprehensively address Per- and Polyfluoroalkyl Substances (PFAS), which are a
group of man-made chemicals known for their persistence in the environment and
potential risks to human health. These actions include not only enhancing the
reporting of PFAS data to the Toxics Release Inventory but also securing funds
specifically targeted for managing the treatment of perfluorooctanoic acid
(PFOA) and perfluorooctane sulfonate (PFOS) in contaminated water sources. By
prioritizing the regulation and management of PFAS, the EPA aims to minimize
their impact on both the environment and public health.
The Clean Water
Act, a comprehensive legislation in the United States, plays a pivotal role in
regulating the discharge of pollutants into the nation's water bodies and
establishing wastewater standards for various industries. This act serves as a
crucial tool in controlling pollution and safeguarding the integrity and safety
of the country's precious water resources. With its stringent regulations and
enforcement mechanisms, the Clean Water Act ensures that industries comply with
environmentally responsible practices, thereby preserving the health and
sustainability of aquatic ecosystems for current and future generations.
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Research and
development initiatives play a pivotal role in driving advancements in the
field of water and wastewater treatment. By investing in these initiatives, we
can foster the creation of innovative treatment chemicals that are specifically
designed to effectively remove various pollutants from water and wastewater.
These chemicals not only meet strict regulatory standards but also prioritize
the safety of the environment and public health. Through continuous research
and development efforts, we can further enhance the efficiency and
effectiveness of water and wastewater treatment processes, ensuring a cleaner
and healthier future for our communities.
The North
America Water and Wastewater Treatment Chemicals Market is segmented into chemical
type, end user, regional distribution, and company.
Based on its chemical type, the coagulant & flocculant
segment held the largest share in the market. This can be attributed to the
significant increase in investments in infrastructure development, particularly
in the context of wastewater treatment facilities. Moreover, the implementation
of stringent environmental regulations has compelled industries to prioritize
the treatment of their wastewater, ensuring compliance with the ever-evolving
environmental standards. As a result, there has been a noticeable shift towards
greater awareness and responsibility in managing industrial wastewater.
Based on region, United States segment is expected to
grow during the forecast period.
In the United States, the general public has developed
a heightened sense of awareness when it comes to environmental issues,
particularly concerning water pollution and water scarcity. This increased
awareness has fueled a growing demand for efficient and effective water and
wastewater treatment solutions, leading to an exponential rise in the demand
for treatment chemicals. As individuals become more conscious of the impact
their actions have on the environment, the need for innovative and sustainable
solutions in the realm of water treatment becomes even more crucial.
Major companies operating in North America Water and
Wastewater Treatment Chemicals Market are:
- Ecolab Inc.
- Kurita America, Inc.
- BASF Corporation
- Kemira Chemicals, Inc.
- Solenis LLC
- Akzo Nobel, Inc.
- Lonza, Inc.
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“Growing application of water and wastewater treatment
chemicals in various end user industries are key drivers of the water and
wastewater treatment chemicals market. Growth in competitive landscape and
presence of well-established companies in the market who are dedicated to
enhance their productivity of water and wastewater treatment chemicals with
every passing year are anticipated to register an impressive growth to North
America Water and Wastewater Treatment Chemicals Market in the forecast period.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Water and Wastewater Treatment Chemicals Market
By Chemical Type (Coagulant & Flocculant, Biocide & Disinfectant,
Corrosion & Scale Inhibitor, pH Adjuster, Others), By End User (Oil &
Gas, Pharmaceutical, Chemicals, FMCG, Others), By
Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of North America Water and Wastewater Treatment
Chemicals Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in North America Water and
Wastewater Treatment Chemicals Market.
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