According to TechSci Research report, “North America Water and Wastewater Treatment Chemicals Market– By Region, Competition, Forecast and Opportunities, 2018-2028F”, the North America Water and Wastewater Treatment Chemicals Market stood at USD75.26 billion in 2022 and is anticipated to grow with a CAGR of 4.28% in the forecast period, 2023-2028. The initiatives taken by government based on water and wastewater treatment Chemicals has led to favorable market conditions for the North America Water and Wastewater Treatment Chemicals Market. Several factors contribute to the growth of various water and wastewater treatment chemicals market products.
The U.S. Environmental Protection Agency (EPA) has been actively taking key actions to comprehensively address Per- and Polyfluoroalkyl Substances (PFAS), which are a group of man-made chemicals known for their persistence in the environment and potential risks to human health. These actions include not only enhancing the reporting of PFAS data to the Toxics Release Inventory but also securing funds specifically targeted for managing the treatment of perfluorooctanoic acid (PFOA) and perfluorooctane sulfonate (PFOS) in contaminated water sources. By prioritizing the regulation and management of PFAS, the EPA aims to minimize their impact on both the environment and public health.
The Clean Water Act, a comprehensive legislation in the United States, plays a pivotal role in regulating the discharge of pollutants into the nation’s water bodies and establishing wastewater standards for various industries. This act serves as a crucial tool in controlling pollution and safeguarding the integrity and safety of the country’s precious water resources. With its stringent regulations and enforcement mechanisms, the Clean Water Act ensures that industries comply with environmentally responsible practices, thereby preserving the health and sustainability of aquatic ecosystems for current and future generations.
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Research and development initiatives play a pivotal role in driving advancements in the field of water and wastewater treatment. By investing in these initiatives, we can foster the creation of innovative treatment chemicals that are specifically designed to effectively remove various pollutants from water and wastewater. These chemicals not only meet strict regulatory standards but also prioritize the safety of the environment and public health. Through continuous research and development efforts, we can further enhance the efficiency and effectiveness of water and wastewater treatment processes, ensuring a cleaner and healthier future for our communities.
The North America Water and Wastewater Treatment Chemicals Market is segmented into chemical type, end user, regional distribution, and company.
Based on its chemical type, the coagulant & flocculant segment held the largest share in the market. This can be attributed to the significant increase in investments in infrastructure development, particularly in the context of wastewater treatment facilities. Moreover, the implementation of stringent environmental regulations has compelled industries to prioritize the treatment of their wastewater, ensuring compliance with the ever-evolving environmental standards. As a result, there has been a noticeable shift towards greater awareness and responsibility in managing industrial wastewater.
Based on region, United States segment is expected to grow during the forecast period.
In the United States, the general public has developed a heightened sense of awareness when it comes to environmental issues, particularly concerning water pollution and water scarcity. This increased awareness has fueled a growing demand for efficient and effective water and wastewater treatment solutions, leading to an exponential rise in the demand for treatment chemicals. As individuals become more conscious of the impact their actions have on the environment, the need for innovative and sustainable solutions in the realm of water treatment becomes even more crucial.
Major companies operating in North America Water and Wastewater Treatment Chemicals Market are:
- Ecolab Inc.
- Kurita America, Inc.
- BASF Corporation
- Kemira Chemicals, Inc.
- Solenis LLC
- Akzo Nobel, Inc.
- Lonza, Inc.
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“Growing application of water and wastewater treatment chemicals in various end user industries are key drivers of the water and wastewater treatment chemicals market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of water and wastewater treatment chemicals with every passing year are anticipated to register an impressive growth to North America Water and Wastewater Treatment Chemicals Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Water and Wastewater Treatment Chemicals Market By Chemical Type (Coagulant & Flocculant, Biocide & Disinfectant, Corrosion & Scale Inhibitor, pH Adjuster, Others), By End User (Oil & Gas, Pharmaceutical, Chemicals, FMCG, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of North America Water and Wastewater Treatment Chemicals Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in North America Water and Wastewater Treatment Chemicals Market.
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