The market size of industrial wastewater treatment is estimated at USD 11.3 billion in 2019 and is projected to reach USD 15.0 billion by 2024.
This growth is attributed to stringent regulations concerning the emission and treatment of industrial wastes and depleting freshwater resources. However, the shifting demand of end-use industries toward the advanced and environment-friendly water treatment technologies is hampering the market growth. On the other hand, growing industrialization resulting from population explosion is expected to leverage new growth opportunities for chemical manufacturers in the industrial wastewater market.
The biocides & disinfectants type to be the largest segment of the industrial wastewater treatment market
Based on type, biocides & disinfectants is estimated to be the largest type of industrial wastewater treatment during the forecast period. The demand for biocides and disinfectants is comparatively higher owing to their high requirement in wastewater treatment applications of all the major end-use industries considered in the study. Biocides are directly related to human physiology and have the ability to neutralize diseases causing microbes. Moreover, the increasing environmental regulations have fueled the demand for biocides and disinfectants in the industrial wastewater treatment market.
The power generation end-use industry is projected to register high CAGR during the forecast period
Power generation is estimated to be the largest and fastest-growing end-use industry segment in the industrial wastewater treatment market during the forecast period. The rapidly growing population and urbanization along with changing lifestyle have resulted in increasing per capita power consumption. It has fueled the demand for the electricity across the globe, which in turn has increased the demand for the water treatment chemicals in the power generation industry. Moreover, the zero liquid discharge (ZLD) mandate in power generation industry plays a major role in enhancing wastewater treatment chemical consumption in this industry.
APAC is projected to be the fastest-growing industrial wastewater treatment market during the forecast period
The APAC industrial wastewater treatment market is projected to register the highest CAGR during the forecast period. This growth is attributed to the high demand from the food & beverage, chemical, power generation, and mining end-use industries. Moreover, the demand for chemical used in industrial wastewater treatment is high in developing economies such as China, India, Brazil, and South Africa. The growing urbanization and industrialization are leading to the increased demand for potable water, which, in turn, is boosting the APAC industrial wastewater treatment market.
The report profiles several leading players of the industrial wastewater treatment market that include:
- Ecolab (US)
- Suez (France)
- Kemira OYJ (Finland)
- SNF Floerger (France)
- Solenis (US)
- Feralco Group (Sweden)
- IXOM (Australia)
- Hydrite Chemical Co. (US)
- Kurita Water Industries Ltd. (Japan)
- Aries Chemical (US)
For more information about this report visit https://www.researchandmarkets.com/r/ljq99z
