Get the detailed impact analysis of COVID-19 that has disrupted the entire world and affected many industries.
Request InsightsJanuary, 2021: BASF SE to join hands with Solenis, a leading producer of specialty chemicals for water-intensive industries, to expand its business in broad array of water treatment chemistries.
The global industrial wastewater treatment market is estimated to grow at ~6% CAGR over the forecast period, i.e., 2022–2030. The growth of the market can be attributed to the increasing industrialization, which generates massive amount of liquid waste, along with the increasing environmental awareness amongst people. According to a report by the World Health Organization WHO, 785 million people across the globe lack basic drinking-water service, while at least 2 billion people use a drinking water source that is contaminated with faecal matters. Owing to the growing global population, the demand for drinking water is bound to increase, but the shortage of safe drinking water is exponentially increasing due to the water pollution caused by dumping of industrial waste in natural water bodies. According to the report by the Natural Resources Defense Council (NRDC), every year, unsafe water sickens about 1 billion people, majorly in the low-income countries. Moreover, the same report stated that more than 80% of the world’s wastewater flows back into the environment without being treated. The growing awareness amongst people, and government authorities, regarding the conservation of safe drinking water, is estimated to boost the growth of the market. Moreover, government norms and regulations on various sectors for the mandatory treatment of the wastewater is another major factor estimated to drive the market growth.
Get more information on this report: Download Sample PDF
The market is segmented by type into coagulants, biocides, disinfectants, anti-foaming agents, and others, out of which, the biocides segment is anticipated to hold the largest share in the market during the forecast period on account of its ability to neutralize maximum disease-causing microorganisms, without making the water toxic. The increasing use of biocides to treat the wastewater from food and beverage industry is estimated to boost the segment growth.
On the basis of end user industry, the market is segmented into power generation, mining, chemical, and others, out of which, the power generation segment is anticipated to gain the largest revenue share over the forecast period, owing to the increasing demand for power, backed by rapid urbanization. Water is a major component for the production of electricity, and the process also releases enormous amounts of wastewater. Strict government regulations for the power generation industry, is another major factor for the segment growth. CLICK TO DOWNLOAD SAMPLE REPORT
The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.
Regionally, the global industrial wastewater treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to garner largest share over the forecast period on the back of increasing number of industries, including, the power generation, mining, food & beverage, pulp & paper, chemical, consumer electronic, and textile industries, which generate massive amount of wastewater that requires treatment. As per the data by the Global Water Forum, 42% of the deaths associated with unsafe supply of water, and sanitation, occur in the Asia-Pacific region. Moreover, growing government initiatives, along with rapid industrial development in the APAC region is estimated to boost the regional market growth.
The market in the North America region is estimated to hold notable market share over the forecast period owing to increasing industrialization, along with higher awareness amongst the population of the developed nations, such as, Canada and the US. Along with this, the stringent government policies for the treatment of wastewater are another major factor estimated to boost the market growth.
Get more information on this report: Download Sample PDF
The global industrial wastewater treatment market is further classified on the basis of region as follows:
Our in-depth analysis of the global industrial wastewater treatment market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Rising government regulations for the treatment of industrial wastewater, and growing environmental concerns are the major factors driving the market growth.
The market is anticipated to attain a ~6% CAGR over the forecast period, i.e., 2022-2030.
High cost of wastewater treatment plants is one of the major factors estimated to hamper the market growth.
The market in the Asia Pacific is estimated to provide most growth opportunities owing to the presence of various industries in the region, backed by industrial development and growing population.
The major players in the market are Orenco Systems, Inc., DuPont de Nemours, Inc., Kingspan Holdings Limited, United Utilities Group PLC, Pentair plc, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, technology, end user industry, and by region.
The power generation segment is anticipated to hold largest market size on the back of increasing use of water for the generation of electricity, to meet the growing power demand.
Related Reports
Disclaimer | Privacy Policy | Terms & Conditions
Copyright © 2021 Research Nester. All Rights Reserved