Industrial Wastewater Treatment Market to Grow with an exceptional CAGR through 2028F
The increase in
environment awareness is a significant factor driving the growth of the Global Industrial
Wastewater Treatment Market in the forecast period of 2024-2028.
According to the TechSci
Research report, "Global Industrial
Wastewater Treatment Market – Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2018-FY2028F,"the Global Industrial
Wastewater Treatment Market is anticipated to expand in the coming years. Inadequate access to clean
drinking water is one of the significant factors driving the need for
wastewater treatment for industries. According to UNICEF, four billion people,
which is almost two thirds of the world’s population, face severe water
scarcity for at least one month each year, and by 2040, approximately 1 in 4
children worldwide will be residing in areas of extremely high water stress. With
the lack of proper sanitation and clean water, there is an increase in water
borne diseases, particularly diarrhea which kills 2,195 children every day,
which is more than AIDS, malaria, and measles combined.
Water recycling is the
suitable decision for factories and industries since they require a lot of
water every day for different mechanisms. Any contaminated water that plants
have cleaned up can be used again. Numerous litres of water are saved through
this process.
With this alarming situation,
the government, industries, and people are adopting the waste water treatment
and eventually this will create a high growth potential of the industrial waste
water treatment market.
Some of the statistics are:
- According to the World
Water Assessment Program, 80% of wastewater is released into the environment
without adequate treatment.
- EPA estimates
that the U.S. recycles about 30% of its waste stream, even though up to 75% of waste stream is recyclable and over
60% of the average landfill is composed of paper, metals, glass, plastics, and
food waste.
- According to the
WHO and UNICEF Joint Monitoring Program for Water Supply and Sanitation, approximately
1.2 billion people globally are estimated to drink clean water.
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and an in-depth TOC on the "Global Industrial Wastewater Treatment Market."
The Global
Industrial Wastewater Treatment Market is segmented into Equipment,, Industry, Region,
and Competitive Landscape. Being the oldest and most fundamental industrial
sectors, the pulp and paper industry makes a sizeable financial contribution to
the industrial wastewater treatment market. Despite being a capital, energy,
and water-intensive industry with a highly polluting process that necessitates
significant investments in pollution control equipment, the pulp and paper
industry contributes significantly to
the socioeconomic development of the country. The paper industry uses a lot
of water for pulp processing and bleaching. 17,000 gallons of industrial
process water are required for every tonne of pulp produced during the
production of a sheet of paper. Because of the high consumption of water and
energy, there is an urgent need to improve the treatment process.
According to
regional analysis, Asia-Pacific is expected to grow during the forecast period.
In the Asia-Pacific region, approximately 80% of wastewater is discharged
without treatment. Open excretion, lack of improved sanitation, and
insufficient wastewater management systems pollute groundwater, rivers, and
coasts. However, the extraction of wastewater byproducts such as salt,
nitrogen, and phosphorous has proven profitable in Asia-Pacific and the organic
substances in wastewater generate biogas, which could be used to power
wastewater treatment facilities, assisting them in transitioning from major
consumers to energy neutral or even net energy producers. The Japanese
government planned to recover 30% of the biomass energy in wastewater. From
43,000 tonnes of sewage sludge, the city of Osaka generates 6,500 tonnes of
biosolid fuels annually.
Major
market players operating in the Global Industrial Wastewater Treatment Market are:
- Veolia
- Xylem
- Ecolab
- 3M
- DuPont
- Pentair
- United Utilities Group
PLC
- Kurita Water Industries
Ltd.
- SUEZ group
- GFL Environmental Inc.
Some of the recent
developments by key players are:
- In December 2022, SUEZ acquired
Veolia, to accelerate the growth of waste management activities, and enhance expertise
in new treatment methods such as material re-use, recycling, creation of
alternative fuels and energy-from-waste.
- In July 2021, Kurita and
Toshiba collaborated in the Field of Water Treatment for Power Plants. The
collaboration would improve the value of infrastructure systems and contribute to asustainable society in Japan and other
countries.
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"Global Industrial
Wastewater Treatment Market is expected to thrive as water resource bodies are
under serious danger around the world due to the discharge of untreated
effluent into water bodies and the need to protect humans and the ecosystem
from harmful and toxic elements found in wastewater. Because the natural
process is overburdened, water treatment facilities were created to accelerate
the purification process." said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
"Industrial
Wastewater Treatment Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018-2028 Segmented
By Equipment (Ultrafiltration Systems, Vacuum Evaporation and Distillation, Reverse
Osmosis Systems, Paper Bed Filters, Solid Bowl Centrifuges, Tramp Oil
Separators, Vacuum Filters, And Others), By Industry (Poultry &
Agriculture, Breweries, Pulp and Paper, Iron and Steel, Mines and Quarries,
Food and Beverages, and Others), By Region, “ has evaluated the future growth
potential of Global Industrial Wastewater Treatment market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Industrial Wastewater Treatment Market.
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