Lucintel’s latest market report analyzed that industrial water treatment chemical provides attractive opportunities in the pulp and paper, municipal water & waste water, oil & gas, chemical, food & beverage, power generation, and metal & mining industries. The industrial water treatment chemical market is expected to reach $30.0 billion by 2028 with a CAGR of 2.5%. In this market, coagulants & flocculants is the largest segment by product, whereas Municipal water & waste water is largest by end use industry.
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Based on product, the industrial water treatment chemical market is segmented into coagulants & flocculants, pH adjusters & softeners, biocides, scale inhibitors & dispersants, corrosion inhibitors, disinfectants, and chelating agents. The coagulants & flocculants segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to rapid industrialization and increase in number of waterborne diseases, which will drive the demand for waste water treatment.
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The Industrial Water Treatment Chemical Market is marked by the presence of several big and small players. Some of the prominent players offering industrial water treatment chemical include AkzoNobel, Baker Hughes, BASF, Solenis, Kemira, Lonza Group, and Suez SA.
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