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Increase in demand for recycled water due to large-scale production of biogas in dairy and brewing industry Drives market revenue growth
NEW YORK CITY, NEW YORK, USA, May 23, 2022 /EINPresswire.com/ — The global industrial wastewater treatment market size is expected to reach USD 93.27 billion in 2030 and register a CAGR of 6.5% over the forecast period, according to the latest report from Reports and Data. The increase in government initiatives to reduce emissions from industrial waste is a significant factor driving the growth of the industrial wastewater treatment market revenue.
Industries use a large volume of water in their manufacturing and other industrial operations. As a result, the water is contaminated with a variety of chemicals and pollutants. Therefore, it must be carefully treated or processed before being discharged into a water source. These water treatment procedures and methods have enabled governments in various countries to enact environmental policies and laws that define the level of treatment required to protect water quality.
Wastewater treatment plants help remove harmful pollutants and contaminants from liquid wastes and convert them into an acceptable final effluent so that industries can reuse them in their operations. Treatment focuses primarily on suspended and dissolved contaminants. Additionally, advanced treatment systems are used to treat pollutants such as phosphorus.
The increased awareness among various industry professionals about the benefits of wastewater treatment is a key driver for the growth of the wastewater treatment market. Properly treated industrial wastewater allows companies to protect their critical equipment while maintaining their reputation for high quality products. The implementation of high quality wastewater treatment solutions, for example the Cyclor technology developed by SUEZ, has enabled the food industry in North America to avoid fines and stoppages, and to control emissions.
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Key companies profiled in the report: Kurita Water Industries Ltd., Aries Chemicals, Inc., Ecolab, SUEZ, Kemira, Solenis, Feralco AB, IXOM, Hydrite Chemical and SNF.
Other key findings from the report suggest
On January 17, 2022, Kurita Water Industries Ltd., a leading Tokyo-based manufacturer and supplier of water treatment chemicals and water treatment plant products and services, announced that its resin KR-FM had recently been adopted in North America as part of its efforts to help customers improve production efficiency and product quality to advance industrial production technologies. KR-FM Resin is a functional material designed for the production of high purity ultrapure water and improved yield in the manufacture of advanced semiconductors.
The adsorption segment accounted for the largest share of revenue in 2021. Growing demand from the paper and pulp industries is a key driver for the growth of this segment. Adsorption is a very effective process that helps remove dissolved organic pollutants from industrial wastewater, such as dyes. Dyes are classified as organic pollutants. The textile, paper and pulp industries all use a large number of dyes in their operations. Therefore, these pollutants are prevalent in the wastewater generated by these industries. Dyes are typically emitted from industrial processes such as dye manufacturing, textile finishing, and food dyes. As a result, the large-scale release of these toxic wastes can have a significant negative impact on microbial populations while also being toxic to mammals. Hence, industries and major market players are implementing advanced methods such as adsorption to effectively reduce environmental impact and maintain compliance in an efficient manner.
Ultrafiltration systems segment accounted for the largest share of revenue in 2021. Rising demand for cost-effective wastewater filtration solutions is a crucial factor driving the growth of this segment. Ultrafiltration systems are designed to reduce the volume of oil in water by up to 98% without the use of chemical additives. These systems can also remove particulates during deburring and tumbling operations, allowing the soap and water solution to be recycled and reused. Companies are also seeing a significant reduction in detergent costs of up to 75% and a reduction in waste disposal costs of up to 90%, when calculating heating and disposal expenses. For these reasons, ultrafiltration membrane technology is rapidly replacing traditional filtration methods as the predominant choice among industry professionals.
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End-Use Outlook (Revenue, USD Billion; 2019-2030)
food and drinks
petroleum gas
Pulp and paper
Chemicals & Petrochemicals
Health care
Others
Application Outlook (Revenue, USD Billion; 2019-2030)
Biological
Sludge treatment
Filtration
Demineralization
Others
Process Outlook (Revenue, USD Billion; 2019-2030)
Ultrafiltration systems
Vacuum evaporation and distillation
Reverse osmosis systems
Paper bed filters
Others
The report is drafted with the help of industry analysts, market segmentation, and data collection to help readers make profitable business decisions. The report includes a comprehensive database of technical advancements and products. It also provides insights on growth rates and market value along with an in-depth look at niche market segments. The report provides strategic advice to newcomers and existing businesses on how to make profitable and well-informed business decisions.
The Industrial Wastewater Treatment market has been segmented into key regions globally and offers analysis of growth rate, market share, current and emerging trends, production and consumption ratio, analysis of industry chain, demand and supply, import and export, revenue contribution, and the presence of key players in each region. Country-wise market analysis is offered in the report to better understand the regional breakdown and progress of the Industrial Wastewater Treatment market.
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The global industrial wastewater treatment market is segmented into:
North America (United States, Canada, Mexico)
Europe (Italy, UK, Germany, France, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
Key questions addressed in the report:
What are the dominant factors influencing the growth of the industry?
During the forecast period, which market segment is expected to grow the most?
What are the risks and challenges facing the industry?
In the coming years, which area is expected to dominate the market?
Who are the main market players?
What kinds of strategic business plans have they developed?
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