Water Treatment Chemicals Market Industry Size, Share 2022
A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global water treatment chemicals market was worth USD 35.1 billion in 2020 and is further projected to reach USD 65.2 billion by 2027, at a CAGR of 8.90% during the forecast period (2021-2027). The market is driven by increasing methane contamination in water due to shale gas exploration, increasing demand from industrial & municipal wastewater treatment, stringent regulations, and rising concern regarding environmental sustainability. Increasing methane contamination in water due to shale gas exploration driving the market Natural gas trapped inside the shale formation is known as shale gas. Fine-grained sedimentary rocks, generally known as shale, can be a rich source of petroleum and natural gas. Natural gas is usually trapped within the pores of sedimentary rocks. Shale gas is becoming increasingly po...