Water Treatment Chemicals Market Size Worth USD 71.48 Billion by 2027

The global Water Treatment Chemicals Market is expected to reach USD 71.48 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the increasing requirements from the refining and petrochemical industries in the developing economies. Increasing investments in the research and development to generate more efficient chemical based water treatment technology is expected to drive the demand for the industry.

The pandemic has severely affected the supply chain and raw material supplies as the manufacturers have shut down their productions due to the lockdown. But, it has a positive effect on the water treatment chemicals market due to the increased consumption of water for maintaining hygiene. Proper hygiene conditions, sanitization, and safe water are mandatory for human health during COVID-19.