Water Treatment Polymers Market expected to reach $76.09 billion by 2032
From GlobeNewswire: 2024-12-14 09:00:00
The Water Treatment Polymers Market is forecasted to reach USD 76.09 billion by 2032, with a CAGR of 6.55% from 2024 to 2032. Key trends driving market growth include escalating water scarcity, recycling initiatives, and stringent environmental regulations on discharge limits. Industries like power generation and mining are key contributors to the market’s expansion. In 2023, polyacrylamides held the largest market share due to their efficiency in water treatment processes. Sludge treatment accounted for 38% market share in 2023, highlighting the importance of efficient waste management solutions. North America led the market in 2023, driven by stringent environmental regulations and a strong industrial base. The Water Treatment Polymers Market is experiencing significant growth due to the adoption of tertiary treatment processes and ZLD systems, addressing water scarcity and environmental concerns. Kemira Oyj, SNF Group, and Solvay SA have introduced sustainable polymer solutions to meet increasing demand and enhance sustainability in wastewater management. The market’s alignment with global sustainability goals and water conservation efforts further strengthens its position as a critical enabler of water security.
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