Industrial Wastewater Treatment Market Size

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.