Industrial Wastewater Treatment Chemicals Market projected to reach $23.58 billion by 2032, with steady growth

From GlobeNewswire: 2024-12-09 07:55:00

The Industrial Wastewater Treatment Chemicals Market is expected to reach USD 23.58 billion by 2032, with a growth rate of 5.66% from 2024 to 2032. Stringent environmental regulations globally are driving the adoption of advanced chemical treatment solutions in industries to avoid penalties. Coagulants and flocculants dominated the market in 2023. The power generation sector held the largest market share in 2023, driven by the need to manage and treat cooling tower water and boiler feed water. North America led the market in 2023 due to developed infrastructure and increased industrial activities.

In 2023, BASF SE launched eco-friendly coagulants for industrial effluent treatment, while Ecolab Inc. expanded operations in Southeast Asia for manufacturing specialty chemicals. The market is moving towards sustainable and biodegradable treatment chemicals to enhance operational efficiency. As industries focus on compliance with environmental standards, the adoption of advanced wastewater treatment chemicals is expected to rise for a cleaner and more sustainable future.



Read more at GlobeNewswire: Industrial Wastewater Treatment Chemicals Market Projected