Feb 16, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Industrial Wastewater Treatment Market.
It was estimated prior to this unanticipated outbreak that the Industrial Wastewater Treatment Market is likely to witness an impressive CAGR of 6.5% during the forecast period. The key factors that are underpinning the demand for industrial wastewater treatments are majorly the growing industrialization and urbanization in the market and the increasing requirement of safe working environment in the industrial facilities.
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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 a surface water in an environment.
There are various sources of industrial wastewater such as electric power plants, food industry, iron and steel industry, nuclear industry, petroleum refining and petrochemicals, pulp and paper industry, and textile mills.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the industrial wastewater treatment market is segmented as 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 2019, due to its high requirement in different applications of all the major end-use industries. Biocides have the ability to 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.
Based on the end-use industry type, the market is segmented as 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 is propelling the growth during the forecast period. Moreover, the zero-liquid discharge (ZLD) mandate in the power generation industry plays a major role in increasing the wastewater treatment chemical consumption in this industry.
In terms of regions, North America is estimated to be the largest industrial wastewater treatment 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.
Key players operating in the global Industrial Wastewater Treatment market are-
- Ecolab Inc.
- Suez SA
- Kemira OYJ
- SNF Floerger
- Feralco Group
- Kurita Water Industries Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Industrial Wastewater Treatment analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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