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Global Industrial Wastewater Treatment Market is Expected to Grow at a CAGR of 6.4% in the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global Industrial Wastewater Treatment Market Report and Forecast 2021-2026’, the global industrial wastewater market attained a value of USD 12.5 billion in 2020. The market is expected to grow at a CAGR of 6.4% between 2021 and 2026 to reach a value of USD 18.1 billion by 2026.

The global industrial wastewater treatment market has a significant market in North America, primarily due to a greater awareness regarding industrial wastewater treatment and technological advancements in the region. The strict regulations pertaining to water purification in the United States and Canada, like the Clean Water Act and the Ontario Water Resources Act, have been driving the growth of the industrial wastewater treatment market in North America. In the coming years, the Asia Pacific is expected to grow at the highest rate. This is due to the predicted rise in electricity generation, mining, enhancing living norms, and rapid industrialisation in the region, along with the development of new technologies.

Water and wastewater treatment technologies find their applications in preliminary treatment, primary, secondary and tertiary treatment, biological nutrient removal (BNR), resource recovery, and energy generation. North America and Europe are the leading regional markets for the overall water and wastewater treatment industry as they are adopting the latest technologies in wastewater treatment at a faster rate than in other regions. On the other hand, in the Middle Eastern countries, the majority of drinking water used is generated from the desalination process. This is expected to boost the demand for municipal water and wastewater treatment technologies. Thus, due to the introduction of wastewater treatment technologies and the dwindling water resources in the region, the Middle East and Africa is expected to be a significant emerging region for the industrial wastewater treatment market in the coming years.

Ecolab Inc. (NYSE: ECL) and Suez are some of the major players in this market. The major players in the industry are focussing on introducing sustainability measures that ensures the best use of the depleting water resources across the globe through their water and wastewater treatment technologies. On January 6, 2021, Suez announced the renewal of its contract with West Basin Municipal Water District to operate the wastewater recycling facility in Southern California, which is expected to one of the largest wastewater recycling plants in the United States. The plant will aid West Basin’s municipal, commercial and industrial customers meet their daily water demands in one of the most-drought prone regions of the United States.

Market Analysis by Type, End-Use, and Region:

  • The market on the basis of types can be divided into coagulants, flocculants, corrosion inhibitors, scale inhibitors, biocides and disinfectants, chelating agents, anti-foaming agents, Ph stabilizers, and others.
  • Based on end-uses, the industry can be divided into power generation, oil and gas, mining, chemical, and  food and beverage sectors, among others.
  • The regional markets for industrial wastewater treatment include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Strict legislation on emissions and treatment of industrial waste and the depletion of freshwater resources are the primary drivers for the growth of the global industrial wastewater treatment market
  • Rapid industrialisation and urbanisation are also propelling the market growth further.
  • The market has also been aided by the rise in the global energy demand.
  • The rising demand from end-use companies for sophisticated, environmentally friendly water treatment techniques is expected to aid the market growth in the coming years.

Key Offerings of the Report:

  • The EMR report gives an overview of the global industrial wastewater treatment market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the end-uses and major regions of industrial wastewater treatment.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global industrial wastewater market are Solenis , Suez, EcoLab, Kemira OYJ, SNF Floerger, Feralco Group, and Ixom, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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