Industrial Wastewater Treatment Market: Investment Opportunities
Global Industrial Wastewater Treatment Market is anticipated to develop rapidly in the forecast period, 2023-2028.
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TechSci Research's report on the "Global Industrial Wastewater Treatment Market" predicts substantial growth in the foreseeable future. The pressing need for wastewater treatment in industries arises from the global water scarcity crisis, where nearly two-thirds of the world's population faces severe water scarcity for at least one month each year. This scarcity contributes to waterborne diseases, such as diarrhea, which claim thousands of lives daily. As a solution, water recycling emerges as a viable option for industries to minimize water consumption and reuse contaminated water, thereby conserving significant volumes of water.
Government bodies, industries, and individuals are increasingly adopting wastewater treatment measures to address this critical situation, fueling the growth of the industrial wastewater treatment market. Some key statistics highlight the urgency of this issue:
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The World Water Assessment Program reveals that 80% of wastewater is discharged into the environment without proper treatment.
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The EPA estimates that only about 30% of the waste stream in the U.S. is recycled, despite the recyclability of up to 75% of the waste stream.
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Approximately 1.2 billion people globally lack access to clean water, according to the WHO and UNICEF Joint Monitoring Program for Water Supply and Sanitation.
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Report Scope:
In this report, the Global Industrial Wastewater Treatment Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
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Industrial Wastewater Treatment Market, By Equipment:
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Ultrafiltration systems
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Vacuum evaporation and distillation
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Reverse osmosis systems
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Paper bed filters
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Solid bowl centrifuges
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Tramp oil separators
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Vacuum filters
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Others
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Industrial Wastewater Treatment Market, By Industry:
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Poultry & Agriculture
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Breweries
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Pulp and Paper
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Iron and Steel
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Mines and Quarries
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Food and Beverages
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Others
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Industrial Wastewater Treatment Market, By Region:
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North America
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United States
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Canada
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Mexico
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Asia-Pacific
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India
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Japan
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South Korea
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Australia
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Singapore
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Malaysia
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China
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Europe
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Germany
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United Kingdom
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France
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Italy
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Spain
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Poland
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Denmark
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South America
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Brazil
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Argentina
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Colombia
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Peru
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Chile
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Middle East
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Saudi Arabia
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South Africa
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UAE
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Iraq
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Turkey
The market is segmented based on equipment, industry, region, and competitive landscape. The pulp and paper industry, being one of the oldest and most fundamental industrial sectors, significantly contributes to the market due to its heavy reliance on water for processing and bleaching pulp. However, the industry's water and energy-intensive nature necessitates improvements in the treatment process to minimize environmental impact.
Major market players operating in the Global Industrial Wastewater Treatment Market are:
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Veolia
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Xylem
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Ecolab
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3M
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DuPont
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Pentair
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United Utilities Group PLC
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Kurita Water Industries Ltd.
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SUEZ group
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GFL Environmental Inc.
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Some of the recent developments by key players are:
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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.
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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.
In terms of regional analysis, the Asia-Pacific region is expected to witness significant growth, driven by the high discharge of untreated wastewater and the potential for profitable extraction of wastewater byproducts. Initiatives such as recovering biomass energy from wastewater demonstrate the region's commitment to sustainable wastewater management practices.
In summary, the industrial wastewater treatment market is poised for growth as stakeholders recognize the urgent need to protect water resources and ecosystems from harmful pollutants. TechSci Research's report provides comprehensive insights into market trends, opportunities, and challenges to guide investment decisions and drive sustainable solutions.
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