GCC Water & Waste Water Treatment Chemicals Market is likely to grow at a CAGR of 18.2% in the forecast period of 2021-26, says MarkNtel Advisors in their research report. The market growth primarily attributes to the rapidly surging water scarcity becoming a prominent issue and substantially rising water-intensive industries across the GCC region.
In addition, the increasing consumption of water resources, coupled with a rough climate, creating severe challenges for water sustainability and leading the market players & governments of different countries to yield better strategies & methods for reducing water depletion, is another crucial aspect likely to drive the market over the forecast years.
Moreover, with the booming population in the region, the water demand is rising significantly, thereby fueling the need for water & wastewater treatment chemicals. The gradually reducing freshwater levels is leading the governments of GCC countries toward imposing stringent norms for industries to ensure that the wastewater is well-disposed, which is another prominent factor projected to augment the market growth during 2021-26.
Veolia to Remain an Active Participant in the GCC Water & Waste Water Treatment Chemicals Market
Among the leading players, Veolia is anticipated to remain an active participant in the forecast period. Intending to treat & recycle water & wastewater, Veolia is protecting water by utilizing recycled, water for irrigation in resorts complexes, agriculture areas, golf courses, fountains, or industries. The leader is creating a local economy loop helping the region to preserve water resources.
Furthermore, Veolia has made the following contribution:
Saudi Arabia to Reign the GCC Water & Waste Water Treatment Chemicals Market Through 2026
The country's dependence on treated water for everyday purposes is the prime factor attributing to the market growth across Saudi Arabia. In addition, the government is actively installing superior water treatment & smart water grid units to treat wastewater. Besides, the country has the world's largest desalination capacity, which, in turn, makes it the largest consumer of wastewater treatment chemicals. Furthermore, according to the International Trade Administration, the growing focus on a cleaner environment in Saudi Arabia is anticipated to generate numerous opportunities for specialized U.S. companies in the emerging industry, thereby fueling the overall market growth, reveals MarkNtel Advisors in their research report, "GCC Water & Waste Water Treatment Chemicals Market Analysis, 2021."
Key Market Competitors
According to MarkNtel Advisors, the leading players in the GCC Water & Waste Water Treatment Chemicals Market are Al- Jazira Water Treatment Chemical, Emvees Wastewater Treatment LLC, Fouz Chemical Company, General Electric, Kemira, ESI, Metito, Nalco Ecolab, Veolia, Wetico.
Key Questions Answered in the Study