REDDING, Calif., May 8, 2024 /PRNewswire/ -- According to a new
market research report titled, 'Industrial Wastewater
Treatment Market by Offering (Treatment Technologies,
Treatment Chemicals, Process Control & Automation, Design,
Engineering, and Construction Services, Operation & Maintenance
services), End User, and Geography- Forecast to 2031',
the industrial wastewater treatment market is projected to reach
$206.81 billion by 2031 from an
estimated $136.79 billion in 2024, at
a CAGR of 6.1% during the forecast period (2024–2031).
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The growth of the global industrial wastewater treatment market
is driven by factors such as the lack of freshwater resources,
government encouragement and growing emphasis on corporate social
responsibility, and the need for critical resource recovery from
wastewater. However, the high installation, maintenance, and
operating costs of wastewater treatment infrastructure restrain the
growth of this market.
Furthermore, the growing demand for energy-efficient and
advanced wastewater treatment technologies and the generation of
green hydrogen from industrial wastewater are expected to provide
growth opportunities for the players operating in this market.
However, high energy consumption and expenses due to excess sludge
production pose significant challenges to the market's growth.
The global industrial wastewater treatment market is segmented
by offering, end user, and geography. The study also evaluates
industry competitors and analyses the country and regional-level
markets.
Lack of Freshwater Resources Supporting the Growth of the
Industrial Wastewater Treatment Market
Water is the driving force of nature; however, freshwater
resources are now depleting at an alarming rate. The global
population continues to soar; however, freshwater supplies have not
increased proportionately. Projections by the World Bank indicate
that six billion people could face a scarcity of clean water by
2050, driven by the escalating demand for water, diminishing water
resources, and increasing water pollution. Exponential population
growth and rapid industrialization further exacerbate these
challenges.
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Demographic pressures, the pace of economic development,
urbanization, and pollution are exerting unprecedented pressure on
the world's water resources. According to the World Health
Organization (WHO), as of March 2022,
approximately 2 billion people worldwide lacked access to safe
drinking water, of which 771 million people lacked access even to
basic drinking water. The demand for water is on the rise. It is
projected to exceed the available supply by 40% within the next 20
years, primarily due to issues related to poor sanitation and water
management.
Furthermore, the key players in this market are increasingly
investing in the development of industrial wastewater treatment
infrastructure. For instance, in September
2022, LANXESS (Germany)
commissioned a new wastewater treatment plant at its Belgium site, with an investment of around
USD 13.0 million (EUR 12 million). The plant has a treatment
capacity of around 260,000 liters of wastewater per hour.
Moreover, rising water pollution has led to a decline in the
availability of freshwater for various industrial applications,
such as processing, washing, diluting, and cooling. The rapid
depletion of freshwater resources coupled with industrialization
and pollution has resulted in a water crisis in many parts of the
world, especially in underdeveloped and developing countries. This
water crisis is expected to boost the demand for industrial
wastewater treatment solutions, driving the growth of this market
in the coming years.
Based on offering, in 2024, the operation &
maintenance services segment is expected to account for the largest
share of 40% of the industrial wastewater treatment
market. The large market share of this segment is attributed
to the increasing need for meeting government-mandated quality
standards for managing wastewater and companies' rising focus on
cost-effectiveness, efficiency, and reducing workforce requirements
for monitoring and managing industrial wastewater.
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However, the process control & automation segment is
projected to register the highest CAGR during the forecast
period due to the rising technological complexities in industrial
wastewater treatment facilities, the increasing need for
operational automation, the rising number of investments in process
control systems, and the companies' growing focus on achieving cost
& energy-saving targets.
Based on end user, in 2024, the food &
beverage segment is expected to account for the largest share
of 26% of the industrial wastewater treatment market. The
large market share of this segment is attributed to factors such as
increasing volumes of sewage & wastewater generated during food
production, the substantial utilization of water for food
processing and cleaning in the food & beverage industry, and
the growing need for wastewater reuse in the F&B industry to
improve water efficiency and ensure reliable and clean water
sources for operations.
Based on geography, in 2024, Asia-Pacific is expected to command the
largest share of 46% of the industrial wastewater
treatment. Asia-Pacific's major
market share is attributed to the rising demand for sustainable and
advanced solutions due to significant water stress and
environmental pollution. The key food & beverage sectors
creating the highest investment opportunities in the region include
dairy and beverages, especially in China and India. Moreover, the Asia-Pacific industrial wastewater treatment
market is projected to grow with the highest CAGR of 7.2%
during the forecast period to reach USD
102 billion by 2031.
The key players operating in the global industrial wastewater
treatment market are Xylem Inc. (U.S.), SUEZ S.A.
(France), Pentair plc (U.K.), Dow
Inc. (U.S.), Veolia Environnement S.A. (France), BASF SE (Germany), PPU Umwelttechnik GmbH (Germany), DuPont de Nemours, Inc. (U.S.),
Bio-Microbics (U.S.), Thermax Limited (India), Ecolab Inc. (U.S.), Kurita Water
Industries, Ltd. (Japan), Kemira
Oyj (Finland), GFL Environmental
(Canada), 3M Company (U.S.), Kingspan Group plc (U.K.),
Calgon Carbon Corporation (U.S.), Trojan Technologies (Canada), Clean TeQ Water Limited (Australia), SWA Water Australia Pty Limited
(Australia), Adroit Associates
Private Limited (India), Sauber
Environmental Solutions (India),
SEPC Limited (India), Golder
Associates Inc. (Canada), Burns
& McDonnell (U.S.), and WOG Technologies (India).
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Scope of the Report
Industrial Wastewater Treatment Market Assessment—by
Offering
- Operation & Maintenance Services
- Process Control & Automation
- Design, Engineering, And Construction Services
- Treatment Technologies
- Membrane Separation & Filtration
- Reverse Osmosis (RO) Membranes
- Ultrafiltration (UF) Membranes
- Microfiltration (MF) Membranes
- Nanofiltration (NF) Membranes
- Other Filtration Technologies
- Sludge Management
- Activated Sludge
- Clarification
- Activated Carbon
- Granular Activated Carbon
- Powdered Activated Carbon
- Other Activated Carbon
- Moving Bed Biofilm Reactor
- Chlorination
- Membrane Bioreactor
- Ion Exchange
- UV & Ozone
- Dissolved Air Flotation
- Other Treatment Technologies
- Treatment Chemicals
Industrial Wastewater Treatment Market Assessment—by End
User
- Food & Beverage
- Power Generation
- Pharmaceutical Manufacturing
- Pulp & Paper
- Chemical Manufacturing
- Oil & Gas
- Refining & Petrochemicals
- Industrial Manufacturing (Automotive, Heavy, And Metal
Industries)
- Semiconductor Manufacturing
- Data Centers
- Green Hydrogen Generation
- Other End Users
Industrial Wastewater Treatment Market Assessment—by
Geography
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Australia
- Malaysia
- Thailand
- Vietnam
- Philippines
- Singapore
- New Zealand
- Taiwan
- Rest of Asia-Pacific
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Poland
- Belgium
- Switzerland
- Denmark
- Sweden
- Rest Of Europe
- North America
- Latin America
- Brazil
- Mexico
- Chile
- Argentina
- Rest Of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- Kuwait
- South Africa
- Iran
- Rest of the Middle East &
Africa
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