According to the latest market report by 6Wresearch, the global water, and wastewater treatment chemicals market is expected to grow at a compound annual growth rate of 4.3% during 2019-2025, due to increasing water pollution and increasing awareness of health. In addition, wastewater treatment is applied in many industries such as oil and gas, food and beverage, municipalities, etc. to meet the required water quality standards.
According to statistics, during the period of 2019-2025, the compound annual growth rate of the Middle East water and wastewater treatment chemicals market is expected to reach 3.2%. Saudi Arabia dominates the water and wastewater treatment chemicals market in the Middle East. Increased industrial activity and stringent environmental regulations are driving demand for water and wastewater treatment chemicals markets in the Middle East. In addition, emerging technologies such as advanced oxidation processes and ultraviolet radiation have also greatly promoted the development of the market. In addition, the governments of the Middle East countries have imposed restrictions on the use of groundwater and the treatment of brine, which is expected to further promote the development of the market in the next few years.
According to the 6Wresearch report, groundwater pollution is one of the major concerns of governments in the Middle East. Therefore, governments in the Middle East are encouraging the construction of wastewater treatment plants to encourage the reuse of wastewater. 6Wresearch senior research analyst Gurbani said: "Due to the rising demand for freshwater from industrial activities, the power and oil and gas industries are expected to grow significantly over the forecast period. In addition, Middle East countries" government strategies such as the water security strategy have played a role in wastewater treatment. The key role that has driven the development of the water and wastewater treatment chemicals market in the Middle East.
According to Swati Aya, an assistant researcher at 6Wresearch, "Saudi Arabia has a major market share in the Middle East water and wastewater treatment chemicals market and is expected to grow rapidly during this period due to the increase in the number of industrial activities”.
Some major companies in the Middle East water and wastewater treatment chemicals market include Dow Chemical Company, Veolia Water Technologies, Ecolab, and Kurita chemicals.
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Media Courtesy : Finance East Money