India Water Treatment Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The India Water Treatment Chemicals Market size was valued at USD 2,045.08 million in 2020 and the market is projected to register a CAGR of over 6% in terms of revenue during the forecast period (2021-2026).
The market was negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, various end-user industry such as petrochemical had cut their throughput production during the lockdown, considering the decline in the demand. For example, Indian Oil Corporation Ltd, with the production capacity of 5 million barrels per day of crude oil, had cut its crude oil processing by about 30% to 40% and shut its Panipat cracker located at Haryana of India as of march end 2020, thus led to a decrease in the production of wastewater from these end-user industries, which in turn negatively impacts the market demand for water treatment chemicals within the country.
Key HighlightsThe Indian water treatment chemicals market is partially fragmented, with no player in the market accounting for a significant share of the market. Key players in the market studied include Thermax Limited, ION EXCHANGE, Chemtex Specialty Limited, SicagenChem, and Ecolab (Nalco), among others.
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