China Water Treatment Chemicals Market to Grow with a CAGR of 3.25% through 2028
Surge in research and development activities is expected
to drive the China Water Treatment Chemicals Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “China Water
Treatment Chemicals Market– By Region, Competition, Forecast and Opportunities,
2018-2028F”, the China Water Treatment Chemicals Market stood at USD2.65
billion in 2022 and is anticipated to grow with a CAGR of 3.25% in the forecast
period, 2023-2028. The initiatives taken by government based on water treatment
chemicals has led to favorable market conditions for the China Water Treatment
Chemicals Market. Several factors contribute to the growth of various water
treatment chemicals market products.
In a significant
move, China recently passed its first legislation, the Water Pollution Control
Law (WPPCL), which specifically targets the prevention and control of pollution,
particularly in the industrial sector. This groundbreaking law establishes a
comprehensive legal framework aimed at tackling water pollution, thereby
bolstering the demand for effective water treatment chemicals.
Furthermore, the
Chinese State Council has taken proactive measures by formulating an action
plan to address the issue of "new pollutants," including specific
chemicals. This comprehensive plan involves a meticulous process of
identification and assessment of the environmental risks associated with these
chemicals, followed by the implementation of appropriate control measures to
mitigate their impact on the environment. By adopting such a holistic approach,
China is leading the way in safeguarding its natural resources and promoting sustainable
development.
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China's strong
dedication to environmental sustainability has sparked a significant increase
in research and development efforts focused on advancing water treatment
technologies. This progressive country is making substantial investments in the
exploration and creation of novel water treatment chemicals that not only
exhibit enhanced efficiency and cost-effectiveness but also prioritize
environmental friendliness. By striving for innovative solutions, China aims to
address the pressing challenges associated with water treatment and pave the
way for a cleaner and more sustainable future.
The China Water
Treatment Chemicals Market is segmented in type, end user, regional
distribution, and company.
Based on its type, the coagulants & flocculants segment
held the largest share in the market. The Chinese government, recognizing the
importance of safeguarding the environment and public health, has been
diligently enforcing and strengthening wastewater discharge regulations. These
regulations, aimed at promoting effective wastewater treatment practices, are
compelling industries to adopt advanced coagulation and flocculation techniques
to ensure the proper treatment of their wastewater. As a result, there has been
a significant surge in the demand for coagulants and flocculants, as industries
strive to comply with the stringent requirements and contribute to the
preservation of the ecosystem and the well-being of the public.
Based on region, South Central segment is expected to
grow during the forecast period.
In recent years, there has been a growing recognition
of the detrimental effects of untreated wastewater on the environment. This has
prompted regulatory bodies to impose stricter regulations and standards for
water discharge, aiming to mitigate the environmental impact. As a result,
industries and municipalities in the South Central region have been compelled
to invest in more effective water treatment processes to ensure compliance with
these regulations. This increased focus on water treatment has consequently
bolstered the demand for water treatment chemicals, as they play a crucial role
in achieving optimal water quality and environmental sustainability.
Major companies operating in China Water Treatment
Chemicals Market are:
- SNF (China) Flocculent Co.,
Ltd.
- Nalco (China) Environment
Solutions Co., Ltd.
- ArchChemicals (China) Co.,
Ltd.
- Dow Chemical (China)
Investment Co.
-
China National
Bluestar (Group) Co. Ltd
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“Growing application of water treatment chemicals in
various end user industries are key drivers of the water 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 treatment
chemicals with every passing year are anticipated to register an impressive
growth to China Water Treatment Chemicals Market in the forecast period.,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Water Treatment Chemicals Market By Type (Coagulants
& Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides &
Disinfectants, Chelating Agents, Others), By End User (Municipal, Power, Oil
& Gas, Mining, Chemical, Food & Beverage, Pulp & Paper, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of China Water 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 China Water Treatment Chemicals Market.
Contact
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Techsci Research LLC
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10170
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