Stratview Research has published a new report titled “Industrial Wastewater Treatment Market” which is segmented by Type (Coagulants, Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides & Disinfectants, Chelating Agents, Anti-Foaming Agents, Ph Stabilizers, Others), by End-Use Industry Type (Power Generation, Oil & Gas, Mining, Chemical, Food & Beverage, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market is expected to grow from USD 13.32 billion in 2022 to USD 18.12 billion by 2028 at a healthy CAGR of 5.26% during the forecast period of 2023-2028.
Industrial wastewater treatment is a process that is used to treat wastewater, which is produced by industries as an undesirable by-product. After treatment, this wastewater can be reused or released to a sanitary sewer or to surface water in an environment.
There are various sources of industrial wastewater such as electric power plants, the food industry, the iron and steel industry, the nuclear industry, petroleum refining and petrochemicals, the pulp and paper industry, and textile mills.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It thoroughly analyzes the market segments, including products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
The market is segmented into coagulants, flocculants, corrosion inhibitors, scale inhibitors, biocides & disinfectants, chelating agents, anti-foaming agents, ph stabilizers, and others.
The biocides & disinfectants segment held the largest share of the market in 2022, due to its high requirement in different applications of all the major end-use industries. Biocides can neutralize disease which causes microbes.
Further, the increasing environmental regulations have propelled the demand for biocides and disinfectants in the industrial wastewater treatment chemical market.
By End-Use Industry Type
The market is segmented into power generation, oil & gas, mining, chemical, food & beverage, and others.
The power generation segment is estimated to be the largest as well as the fastest-growing segment, as clean water is an essential component for electricity generation. Further, the rapid growth in the population and urbanization, which increases the per capita power consumption, propels the growth during the forecast period.
Moreover, the zero-liquid discharge (ZLD) mandate in the power generation industry plays a major role in increasing wastewater treatment chemical consumption in this industry.
Which Region is expected to remain the largest market?
North America is estimated to be the largest market, whereas Asia-Pacific is estimated to be the fastest-growing market during the forecast period, with lucrative growth opportunities.
The growth of the market is driven by the increasing demand for industrial wastewater treatment in the USA and Canada, and the stringent water purification regulations drive the consumption of wastewater treatment chemicals in these countries.
Asia Pacific and Europe are also expected to offer considerable growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, enabling strategic decision-making for the existing market players and those willing to enter the market.
The following are the key players acting in the Industrial Wastewater Treatment Market:
- Ecolab Inc.
- Feralco Group
- Kemira OYJ
- Kurita Water Industries Ltd.
- SNF Floerger
- Suez SA
Key questions answered by the report.
- What is the projected CAGR for revenue from the industrial wastewater treatment market during the forecast period?
- What would the market be valued at by 2028?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the industrial wastewater treatment market?
- Which are the major market players?
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