Increasing demand for clean, safe drinking water is a key driver for Water & Wastewater Treatment Chemicals industry. Worldwide, freshwater resources account for just 2.5% of the total water supply. This disproportionately high consumption presents a challenge to water conservation efforts. In addition to serving as a vital element in a variety of industrial processes, water also plays an essential role in agriculture, food and beverage production, life sciences, and construction. In addition to these applications, wastewater recycling is playing a role in increasing the market for wastewater treatment chemicals.
Growing awareness
about the health risks associated with untreated waste is another factor
driving growth in the market. Governments are implementing stringent rules to
prevent depletion. The goal is to improve the quality of municipal water
facilities by making wastewater more reusable. In addition, the development of
industrial water treatment processes is also projected to drive the demand for the
water treatment chemicals market.
Increased
government funding for the treatment of wastewater is a further factor fueling
the growth in the market. Additionally, a $9.7 million wastewater treatment
project in Lowville, New York State is expected to add to the market's growth.
There are several types of Water & Wastewater Treatment Chemicals
available, including pH neutralizers, anti-foaming agents, and flocculants.
Each type of chemical has a specific function and must be stored appropriately.
Unlike some other types of chemicals, wastewater chemicals should be stored in
storage solutions that have been specifically formulated for them. Ideally, the
solutions should be of the same pH range as the chemicals. Increased
investments in wastewater treatment facilities are boosting the market for
these chemicals. For example, a new collaboration between chemical company
Kemira and process technology company Valmet has led to the creation of a new
wastewater treatment solution. Other developments are fueling the demand for
Water & Wastewater Treatment Chemicals.