Water Treatment Additives Market - Forecast(2021 - 2026)
The global water treatment additives market generated a revenue of $29,483m in the year 2017 and expected to grow with a CAGR of 5.9% during the forecast period. The demand for water treatment additives is increasing rapidly due to increase in population, water scarcity and industrialization. In 2017, water industry which includes only drinking water treatment is valued at $6902.6m and will grow at a CAGR of 9.2% during the forecast period. However, the usage of these additives and their impact on the environment is regulated by several authorities such as Environmental Protection Agency (EPA) and Centre for Disease Control and Protection (CDC). What are Water treatment additives? Water is essential for life. Hence it is important to treat water before its use. Water treatment is a process of removing contaminants such as suspended solids, microorganisms and hazardous chemicals. A large number of chemical treatment products and specialty additives are used successfully arou...