Global Industrial Wastewater Treatment Market Size, Share, Growth Analysis, By Application(boiler feed water, chemical production), By Technology(biological treatment, membrane bioreactors), By End Use(oil & gas, chemical), By Process(ultrafiltration systems, vacuum evaporation and distillation) - Industry Forecast 2024-2031

Report ID: SQMIG55D2003 | Region: Global | Published Date: March, 2024
Pages: 182 | Tables: 134 | Figures: 77

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Global Industrial Wastewater Treatment Market size was valued at USD 13.48 billion in 2022 and is poised to grow from USD 14.19 billion in 2023 to USD 21.46 billion by 2031, at a CAGR of 5.30% during the forecast period (2024-2031).

With several large companies competing on a worldwide and regional scale, the industrial wastewater treatment industry is extremely competitive and fragmented. To increase their market share, major firms are forming partnerships, expanding their portfolios, and doing research and development. The top businesses also employ mergers and acquisitions, new product launches, geographical expansions, partnerships, collaborations, and agreements to increase their market share. 'Suez SA', 'Veolia Environnement S.A.', 'Xylem Inc.', 'Evoqua Water Technologies LLC', 'Aquatech International LLC', 'Pentair plc', 'Ecolab Inc.', 'Hitachi, Ltd.', 'Mitsubishi Electric Corporation', 'Honeywell International Inc.', 'Siemens AG', 'General Electric Company', 'Dow Chemical Company', 'BASF SE', 'DuPont de Nemours, Inc.', '3M Company', 'Calgon Carbon Corporation', 'Kurita Water Industries Ltd.', 'Solenis LLC', 'Kemira Oyj'

One of the most significant factors contributing to environmental deterioration is the disposal of industrial effluent. Pathogens, toxic compounds, oil and grease, salts, nutrients, heavy metals, sludge, acids, and bases are just a few of the dangerous elements found in wastewater. The framework for regulating the discharge of pollutants into U.S. waterways is defined by the Clean Water Act (CWA). Other nations, like China, Spain, the Netherlands, and others, have also taken the required actions to clean and manage wastewater. Modern water reclamation systems must incorporate membrane filtering.

Implementing reduce-recycle-reuse activities to take a more sustainable approach. Reducing, reusing, and recycling are referred to as the "three Rs" of sustainability. The three Rs are designed to reduce waste and preserve natural resources. Reusing cleaned wastewater for beneficial uses including watering of gardens and farms, industrial activities, toilet flushing, and recharging groundwater basins is known as water recycling (referred to as groundwater recharge). Recycling water conserves resources and money. Wastewater treatment can be adapted to satisfy the anticipated reuse's water quality standards. Water is a resource that is very important in every sector. Reusing wastewater is therefore crucial, and the 3Rs will aid any sector in becoming more sustainable.

According to regional analysis, Asia Pacific's share of the worldwide industrial wastewater treatment market was highest in terms of revenue in 2021. Leading nations for industrial wastewater management include China, India, Japan, and South Korea. The increased market share can be attributed to the area's rapid population growth and urbanization, rising demand for sophisticated residential water treatment, advancements in membrane technology, increased ecological degradation, limited water resources, and an increasing number of public sector investments in water infrastructure. As one of the world's major economies with rapid industrial development, China produces a significant amount of garbage. China emitted 55.7 billion cubic meters of wastewater in 2020, 26% of which came from industrial sources, according to the International Trade Administration (ITA). As part of its growth goal to move toward a cleaner and more sustainable economy, China wants to spend USD 50 billion in a variety of heavily polluting industries, including textiles, printing, coal mining, pharmaceutical manufacture, oil and gas extraction, and steel production.

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