In today’s day and age, people
are waking up to pollution in a big way. Given that the environmental costs of
the damage being done to the overall ecosystem is slowly starting to outweigh
the economic costs of letting polluting agents run because they are cheap, the
onus is now being put on micromanagement of each and every form of waste for
either treatment or complete eradication.
To provide some small examples,
European countries such as Iceland (0.1% energy from combustible fuel) and
Norway (2% energy from combustible) are almost entirely sustainable and non-polluting,
with several other nations, such as Uruguay and Paraguay, trying to join them.
The key word here is sustainable.
TechSci Research report “United States Water & Wastewater Treatment Chemicals Market, By Type, By End Use
Industry, Competition Forecast & Opportunities, 2012 – 2026” where the
US, in this case is trying to build a sustainable ecosystem. There is growing
awareness about the health concerns associated with untreated waste; microbial
and chemical contamination etc. which is a result of improper effluent
discharge. Robust industrial growth in the United States has also complicated
the problem, given that there is an ever-growing tug of war between economic
profits and the environment.
However, given the level of
awareness, there has been a stern regulatory policy put into place that ensures
that wastewater is treated before being released. Consequently, TechSci
Research estimates the market for water and wastewater treatment to grow to $
3.8 billion by 2026.
Not only are the laws strict, but
the enforcement also is carried out on multiple levels, making for an effective
enforcement net of sorts. The US Environmental Protection Agency (EPA) has distributed
power, both on the federal and state level in such a way that a broad
protective umbrella has been formed which protects the end user (most of the
time) from coming into contact with these effluents.
Programs such as National
Pollutant Discharge Elimination System (NPDES) part of the Clean Water Act are
formulated on the federal level, which gives power of implementation to the
states, which also listen top municipal stakeholders, thus forming a cohesive unit
that is tough on effluent discharge.
Given the interest in clean
technology and the renewed interest in environmental sustainability, GE Water
& Process Technologies, BASF corp., Ecolab, Lonza America, Inc., Chemours
Co. and various others are slugging it out to capture a bigger piece of the
market share.
However, as per TechSci Research,
not only are the big companies in a race for the biggest market share, a lot of
small and medium sized companies too are vying a share, given the huge amount
of innovation being done in the field, relatively speaking, which can put even
a small company much ahead of their much larger direct competitors.
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