PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1408914
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1408914
Water Recycle and Reuse Market size was valued at USD 19,847 Million in 2023, expanding at a CAGR of 11.5% from 2024 to 2032.
Water recycling and reuse is the practice of processing and reusing wastewater or spent water for various uses rather than throwing it away. It entails collecting and treating wastewater to remove contaminants and prepare it for specific purposes, such as non-potable and potable usage. This comprises several processes, including collection, treatment, disinfection, and dissemination.
Reusing and recycling water helps to minimize pollution and its negative effects on the environment by lowering the amount of treated wastewater that is dumped into water bodies. By doing this, aquatic habitats are preserved and water is made available for a variety of purposes. In addition, other concerns such as climate change, unequal distribution of water resources, unsustainable water management practices, urbanization & industrialization, pollution & water contamination, and inadequate water infrastructure raise demand for the water recycling and reuse industry. The recycling and reuse of water has several advantages. It contributes to meeting the increasing demand for water by offering a second source of water. Additionally, it reduces the strain on already available freshwater resources, protecting them for necessities like agriculture and drinking. Furthermore, recycling and reusing water can help with pollution reduction and energy conservation. Additionally, it may mitigate the negative effects of climate change and droughts on the availability of water.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. The Asia Pacific is expected to dominate the market during the forecast period. Governments in rising markets like China, India, Thailand, Indonesia, and Malaysia are being forced to create policies that encourage investments in the exploitation of natural resources like natural gas and crude oil due to their economies growing. Considering the ease of access to raw materials, the high penetration of nitrogenous fertilizer manufacturing units in Australia, China, and India is anticipated to be a major factor in driving up demand for water treatment methods over the projection period.
The sector is very competitive due to the presence of both multinational and domestic firms. Water Recycle and Reuse manufacturers employ a variety of methods to expand market share and fulfil the changing technical needs of application industries such as residential, commercial and industrial.
In September 2023, PPG announced the release of filter components and a high-performance ultrafiltration (UF) membrane intended for use in wastewater and industrial process water applications. The new UF membrane complements PPG's range of microfiltration (MF) membranes and filter elements, which are intended to eliminate oil and other impurities to enable wastewater and process water to be disposed of or reused safely and cost-effectively, enhancing water reuse and contributing to the fight against global water scarcity.
The scope of this report covers the market by its major segments, which include as follows: