Industrial segment holds the largest market share – at about two thirds. This implies that most of the revenues globally come from wastewater treatment and process water treatment. And this segment is growing at 5% CAGR. China and India are the largest manufactures of water treatment chemicals.
The market is divided into coagulants, pH adjusters & softeners, flocculants, biocides & disinfectants, scale inhibitors & dispersants, and corrosion inhibitors. By type, the corrosion inhibitors segment held the highest global water treatment chemicals market share of around 22.1% in 2019 and is expected to maintain its dominance during the forecast period.
Acc. to some reports, the Indian water treatment chemicals market size was valued at over USD 600 million in 2020 and the market is projected to register a CAGR of over 9.5% in terms of revenue. Over the short term, the increasing demand from the chemical manufacturing industry is expected to drive the market's growth. In long run, the increasing investments in sewage treatment plants in the country is to provide a major growth opportunity.
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