The global industrial wastewater treatment market size is expected to reach USD 93.27 Billion in 2030 and register a revenue CAGR of 6.5% over the forecast period, according to the latest report by Reports and Data. Increasing government initiatives to reduce the emission from industrial waste is a prominent factor that is driving industrial wastewater treatment market revenue growth.
Industries utilize a large volume of water in their manufacturing and other industrial operations. As a result, water gets contaminated with a variety of chemicals and pollutants. Therefore, it should be thoroughly treated or processed before being discharged into any water source. These procedures and methods for water treatment have enabled governments in various countries to adopt policies and environmental laws that define the level of treatment required to protect water quality.
Wastewater treatment plants aid in removing harmful pollutants and contaminants from liquid wastes and convert them into an acceptable final effluent so that industries can re-use them in their operations. The treatment primarily focuses on both suspended and dissolved contaminants. Moreover, advanced treatment systems are utilized for treating pollutants such as phosphorus.
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Some Key Highlights From the Report
- On January 17, 2022, Kurita Water Industries Ltd., a Tokyo-based leading manufacturer, and provider of products and services in water treatment chemicals and water treatment facilities, announced that their KR-FM resin has recently been adopted in North America as part of its efforts to assist customers in improving production efficiency and product quality in order to advance industrial production technologies. The KR-FM resin is a functional material designed for high purity ultrapure water production and yield improvement in cutting-edge semiconductor manufacturing.
- Adsorption segment accounted for the largest revenue share in 2021. Increasing demand from the paper pulp industries is a key factor driving this segment's growth. Adsorption is a highly efficient process that aids in removing dissolved organic pollutants from industrial wastewater, such as dyes. Dyes are classified as organic pollutants. The textile, paper pulp industries all use large number of dyes in their operations. As a result, these pollutants are prevalent in wastewater generated by these industries. Dyes are typically emitted by industrial processes such as dye manufacturing, textile finishing, and food coloring. As a result, the large-scale release of this toxic waste can have a significantly negative impact on microbial populations while also being toxic to mammalian animals. Consequently, industries and prominent market players are implementing cutting-edge methods such as adsorption to effectively reduce environmental impact and keep themselves compliant efficient.
- Ultrafiltration systems segment accounted for largest revenue share in 2021. Increasing demand for cost-effective wastewater filtration solutions is a crucial factor driving growth of this segment. Ultrafiltration systems are designed to reduce the volume of oil in water by up to 98 percent without the use of chemical additives. These systems can also remove particulates during deburring and tumbling operations, allowing the water and soap solution to be recycled and reused. Companies also observe a significant reduction in detergent costs of up to 75% percent and a reduction in waste disposal costs of up to 90%, when calculating heating and disposal expenses. For these reasons, ultrafiltration membrane technology is rapidly replacing traditional filtration methods as a prominent choice among industry professionals.
Major Companies:
- Veolia
- Suez
- Ecolab
- 3M
- DuPont
- Pentair
- Dow
- United Utilities Group PLC
- Kurita Water Industries Ltd.
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Industrial Wastewater Treatment market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Industrial Wastewater Treatment market?
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Industrial Wastewater Treatment Market Segmentation:
Process Outlook:
- Ultrafiltration Systems
- Vacuum Evaporation and Distillation
- Reverse Osmosis Systems
- Paper Bed Filters
- Solid Bowl Centrifuges
Application Outlook:
- Biological
- Sludge Treatment
- Filtration
- Demineralization
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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