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Industrial Wastewater Treatment Market Forecast | 2023-2028
Industrial Wastewater Treatment Market Size, Share, Forecast, Industry, and Growth Analysis (2023-2028)
The Industrial Wastewater Treatment Market is expected to grow from USD 13.32 billion in 2022 to USD 18.12 billion by 2028 at a healthy CAGR of 5.26% during the forecast period of 2023-2028.
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What is industrial wastewater treatment?
Industrial wastewater treatment is a process that is used to treat wastewater, which is produced by industries as an undesirable by-product. After treatment, this wastewater can be reused or released to a sanitary sewer or to surface water in an environment.
There are various sources of industrial wastewater such as electric power plants, the food industry, the iron and steel industry, the nuclear industry, petroleum refining and petrochemicals, the pulp and paper industry, and textile mills.
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Industrial Wastewater Treatment Market Report Highlights |
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Market Size in 2022 |
US$ 13.32 Billion |
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Market Size in 2028 |
US$ 18.12 Billion |
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Market Growth by 2023-2028 |
CAGR of 5.26% |
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Base Year of Study |
2022 |
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Trend Period |
2017-2021 |
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Forecast Period |
2023-2028 |
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Dominant Region |
North America is estimated to be the largest market, whereas Asia-Pacific is estimated to be the fastest-growing market during the forecast period. |
The market is influenced by several key drivers, which play significant roles. A few of them are -
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Some of the major players in the market are-
By Type
The market is segmented into coagulants, flocculants, corrosion inhibitors, scale inhibitors, biocides & disinfectants, chelating agents, anti-foaming agents, ph stabilizers, and others.
The biocides & disinfectants segment held the largest share of the market in 2022, due to its high requirement in different applications of all the major end-use industries. Biocides can neutralize disease which causes microbes.
Further, the increasing environmental regulations have propelled the demand for biocides and disinfectants in the industrial wastewater treatment chemical market.
By End-Use Industry Type
The market is segmented into power generation, oil & gas, mining, chemical, food & beverage, and others.
The power generation segment is estimated to be the largest as well as the fastest-growing segment, as clean water is an essential component for electricity generation. Further, the rapid growth in the population and urbanization, which increases the per capita power consumption, propels the growth during the forecast period.
Moreover, the zero-liquid discharge (ZLD) mandate in the power generation industry plays a major role in increasing wastewater treatment chemical consumption in this industry.
By Region
North America is estimated to be the largest market, whereas Asia-Pacific is estimated to be the fastest-growing market during the forecast period, with lucrative growth opportunities.
The growth of the market is driven by the increasing demand for industrial wastewater treatment in the USA and Canada, and the stringent water purification regulations drive the consumption of wastewater treatment chemicals in these countries.
Asia Pacific and Europe are also expected to offer considerable growth opportunities during the forecast period.
To know which region offers the best growth opportunities, Click Here.
The market is segmented into the following categories.
By Type
By End-Use Industry Type
By Region
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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Report – Features |
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Market Segmentation |
03 |
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Regions Covered |
04 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>120 |
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Company Profiles |
10 |
The following are the key features of the report:
The following is a list of the customers that the market aims to convert the most:
Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
Custom Research:
Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
Industrial wastewater treatment is a process that is used to treat wastewater, which is produced by industries as an undesirable by-product. After treatment, this wastewater can be reused or released to a sanitary sewer or to surface water in an environment. There are various sources of industrial wastewater such as electric power plants, the food industry, the iron and steel industry, the nuclear industry, petroleum refining and petrochemicals, the pulp and paper industry, and textile mills.
The industrial wastewater treatment market is expected to grow from USD 13.32 Bn in 2022 to USD 18.12 Bn by 2028.
North America is estimated to be the largest industrial wastewater treatment market, whereas Asia-Pacific is estimated to be the fastest-growing market during the forecast period.
The market is expected to grow at a CAGR of 5.26 % during the forecast period.
Some of the major players in the market are- Ecolab Inc., Feralco Group, IXOM, Kemira OYJ, Kurita Water Industries Ltd., SNF Floerger, Solenis, and Suez SA.
The Industrial Wastewater Treatment market is influenced by several key drivers, which play significant roles. A few of them are - 1. Growing industrial production – Industrial production has demonstrated continued strength in the past few years. According to sources, in March 2023, global industrial production, excluding the United States, grew by 0.2 percent compared to the same time in the previous year. With this growing industrialization, the volume of industrial wastewater generated increases, creating a dire need for wastewater treatment. 2. Stringent environmental regulations: Governments across the globe are imposing stringent regulations to minimize and mitigate industrial wastewater. Increasing stringent environmental regulations and water quality standards imposed by governments have been significant drivers for industrial wastewater treatment. 3. Increasing sustainability practices - Governments in various countries have been supporting sustainable practices and supporting the adoption of wastewater treatment technologies through subsidies, incentives, and favorable policies.
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