PUBLISHER: The Business Research Company | PRODUCT CODE: 1414312
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414312
“Industrial Wastewater Treatment Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on industrial wastewater treatment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for industrial wastewater treatment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The industrial wastewater treatment market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Industrial wastewater treatment involves the techniques and processes used to clean up waterways that have been impacted by human, industrial, or commercial activities before being released into the environment or reused. The goal is to reduce the amount of pollutants released into the environment and prevent water contamination.
The main types of industrial wastewater treatments include coagulants, flocculants, corrosion inhibitors, scale inhibitors, biocides and disinfectants, among others. Coagulants are substances, either organic or inorganic, that initiate or facilitate the congealing process during water treatment. They enable the removal and dewatering of particles, contributing to processes such as water purification, lime softening, and sludge thickening. Various processes are utilized, including ultrafiltration systems, vacuum evaporation and distillation, reverse osmosis systems, paper bed filters, solid bowl centrifuges, tramp oil separators, vacuum filters, and others. These processes find applications in biological treatment, sludge treatment, filtration, demineralization, disinfection, and more. Industrial wastewater treatments are employed by various end-users such as the food and beverage industry, oil and gas, pulp and paper, chemical and petrochemical, healthcare, poultry and agriculture, among others.
The industrial wastewater treatment market research report is one of a series of new reports from The Business Research Company that provides industrial wastewater treatment market statistics, including industrial wastewater treatment industry global market size, regional shares, competitors with a industrial wastewater treatment market share, detailed industrial wastewater treatment market segments, market trends and opportunities, and any further data you may need to thrive in the industrial wastewater treatment industry. This industrial wastewater treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The industrial wastewater treatment market size has grown strongly in recent years. It will grow from $28.44 billion in 2023 to $30.38 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The expansion observed in the historical period can be attributed to factors such as stringent environmental regulations, increasing industrialization, concerns about water scarcity, heightened public awareness and activism, and the implementation of corporate sustainability initiatives.
The industrial wastewater treatment market size is expected to see strong growth in the next few years. It will grow to $38.88 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be attributed to the global emphasis on the circular economy, the adoption of water reuse and recycling practices, the rise in corporate responsibility standards, advancements in treatment technologies, and government incentives and funding. Key trends expected in the forecast period involve the application of advanced oxidation processes (AOPs), strategic alliances for water reuse initiatives, compliance with stringent environmental regulations, the emergence of modular and containerized treatment solutions, and rapid advancements in treatment process optimization.
The continuous trend of industrialization is playing a significant role in propelling the growth of the industrial wastewater treatment market. Industrialization involves a transition from an economy primarily based on agriculture or resources to one centered around mechanized manufacturing. The treatment of industrial wastewater becomes essential to purify the wastewater generated from industrial activities, addressing issues related to the production of wet waste and chemical disposal across various industries. Eurostat data reveals a 14% increase in the European Union's industrial production value, rising from $4,981 billion in 2020 to $5,664 billion in 2021. This indicates a surge in industrialization, driving the demand for industrial wastewater treatment.
The upward trajectory of industrial water consumption is a significant driver contributing to the growth of the industrial wastewater treatment market. Industrial water consumption represents the amount of water utilized by diverse industrial processes, facilities, and operations in the production of goods and services. As of 2023, industrial water utilization accounts for 22% of the global total water consumption, with around 70% of this consumption in high-income nations dedicated to energy production. The industrial sector in the United States, ranking as the second-largest water user, utilizes approximately 40% of total water consumption. Managing the environmental impact of industrial water consumption is crucial, and industrial wastewater treatment serves a pivotal role in achieving this goal.
A prominent trend in the industrial wastewater treatment market is technological advancement, with major companies directing efforts toward developing innovative technologies to enhance efficiency. In February 2022, ABB Ltd., a Switzerland-based automation company, introduced the ABB Ability Smart Solution for wastewater. This digital system focuses on achieving the lowest energy utilization while meeting the highest operating standards set by wastewater treatment plant operators. Incorporating advanced process control (APC) and digital twin and simulation technologies, this approach aids wastewater treatment plants in optimizing operations, reducing process variability, and stabilizing operations. The system continuously monitors and automates processes, allowing for incremental operational changes that cut energy consumption, minimize chemical usage, and enhance overall profitability.
Major companies in the industrial wastewater treatment market are dedicated to developing innovative technologies such as membrane technology. Membrane technology, a separation process utilizing semi-permeable membranes, selectively allows or restricts the passage of substances based on specific properties. In April 2022, Evonik Industries AG, a Germany-based specialty chemical company, introduced the 'SEPURAN' membrane technology. This technology is employed to generate oxygen-enriched air, enhancing efficiency in the industrial wastewater treatment process. It helps determine biochemical boundary conditions per wastewater treatment stage, facilitating efficient process management and the expansion of plant capacities.
In July 2022, Ovivo Inc., a Canada-based provider of wastewater treatment technology, acquired Wastech Controls & Engineering to strengthen its presence in the US electronics sector and explore cross-selling opportunities in other areas. Wastech Controls & Engineering, a US-based industrial wastewater solutions provider, became part of Ovivo Inc. through this strategic acquisition.
Major companies operating in the industrial wastewater treatment market report are Aquatech International LLC,Veolia Water Technologies Inc.,Creative Water Solutions,Sapphire Water Systems,Minerals Technologies Inc.,M.W. Watermark LLC,Culligan International,Water Professionals International,Ecolab Inc.,Solenis LLC,Cortec Corporation,Buckman Laboratories Inc.,Evoqua Water Technologies LLC,Akzo Nobel N.V.,Lenntech B.V.,SUEZ - Water Technologies & Solutions,Xylem Inc.,DuPont Water Solutions,Pentair plc,3M Company, ITT Inc.,United Utilities Group plc, Severn Trent Water, Oxyle AG,Kingspan Group,American Water,Organo Sdn Bhd,Kemira Oyj,Kurita Water Industries Ltd.,Lonza Group Ltd.,Axine Water Technologies Inc.
Asia-Pacific was the largest region in the industrial wastewater treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global industrial wastewater treatment market report during the forecast period. The regions covered in the industrial wastewater treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the industrial wastewater treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The industrial wastewater treatment market consists of revenues earned by entities by providing water treatment services such as preliminary treatment, primary treatment, secondary treatment, and waste-to-energy services. The market value includes the value of related goods sold by the service provider or included within the service offering. The industrial wastewater treatment market consists of sales of heat pumps and mechanical vapor compressors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.