Industrial Wastewater Treatment Market size was valued at USD 17.06 billion in 2023 and is likely to reach USD 37.75 billion by 2036, registering around 6.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of industrial wastewater treatment is estimated at USD 17.92 billion. The growth of the market can be attributed to the increasing industrialization, which generates massive amount of liquid waste, along with the increasing environmental awareness amongst people. According to a report by the World Health Organization WHO, 785 million people across the globe lack basic drinking-water service, while at least 2 billion people use a drinking water source that is contaminated with faecal matters. Owing to the growing global population, the demand for drinking water is bound to increase, but the shortage of safe drinking water is exponentially increasing due to the water pollution caused by dumping of industrial waste in natural water bodies. According to the report by the Natural Resources Defense Council (NRDC), every year, unsafe water sickens about 1 billion people, majorly in the low-income countries. Moreover, the same report stated that more than 80% of the world’s wastewater flows back into the environment without being treated. The growing awareness amongst people, and government authorities, regarding the conservation of safe drinking water, is estimated to boost the growth of the industrial wastewater treatment market. Moreover, government norms and regulations on various sectors for the mandatory treatment of the wastewater is another major factor estimated to drive the market growth.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
6.3% |
|
Base Year Market Size (2023) |
USD 17.06 billion |
|
Forecast Year Market Size (2036) |
USD 37.75 billion |
|
Regional Scope |
|
The industrial wastewater treatment market is segmented by type into coagulants, biocides, disinfectants, anti-foaming agents, and others, out of which, the biocides segment is anticipated to hold the largest share in the market during the forecast period on account of its ability to neutralize maximum disease-causing microorganisms, without making the water toxic. The increasing use of biocides to treat the wastewater from food and beverage industry is estimated to boost the segment growth.
On the basis of end user industry, the industrial wastewater treatment market is segmented into power generation, mining, chemical, and others, out of which, the power generation segment is anticipated to gain the largest revenue share over the forecast period, owing to the increasing demand for power, backed by rapid urbanization. Water is a major component for the production of electricity, and the process also releases enormous amounts of wastewater. Strict government regulations for the power generation industry, is another major factor for the segment growth.
Our in-depth analysis of the global market includes the following segments
|
By Type
|
|
|
By Treatment |
|
|
By End User Industry
|
|
APAC Market Statistics
Regionally, the global industrial wastewater treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific is estimated to account for largest revenue share by 2036, on the back of increasing number of industries, including, the power generation, mining, food & beverage, pulp & paper, chemical, consumer electronic, and textile industries, which generate massive amount of wastewater that requires treatment. As per the data by the Global Water Forum, 42% of the deaths associated with unsafe supply of water, and sanitation, occur in the Asia-Pacific region. Moreover, growing government initiatives, along with rapid industrial development in the APAC region is estimated to boost the regional market growth.
North America Market Analysis
The industrial wastewater treatment market in the North America region is estimated to hold notable market share over the forecast period owing to increasing industrialization, along with higher awareness amongst the population of the developed nations, such as, Canada and the US. Along with this, the stringent government policies for the treatment of wastewater are another major factor estimated to boost the market growth.
January, 2021: BASF SE to join hands with Solenis, a leading producer of specialty chemicals for water-intensive industries, to expand its business in broad array of water treatment chemistries.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?