Industrial Wastewater Treatment Market Analysis | 2023-2028

Market Insights

The industrial wastewater treatment market was estimated at USD 13.32 billion in 2022 and is likely to grow at a CAGR of 5.26% during 2023-2028 to reach USD 18.12 billion in 2028.

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Market Dynamics

Introduction

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.

Market Drivers

The industrial wastewater treatment market is influenced by several key drivers, which play significant roles. A few of them are:

• 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.
• 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.
• 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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Key Players

Some of the major players in the market are:

• Ecolab Inc.
• Feralco Group
• IXOM
• Kemira OYJ
• Kurita Water Industries Ltd.
• SNF Floerger
• Solenis
• Suez SA

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Type

The industrial wastewater treatment 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 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.

Regional Insights

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.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects industrial wastewater treatment market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The industrial wastewater treatment market is segmented into the following categories.

By Type

• Coagulants
• Flocculants
• Corrosion Inhibitors
• Scale Inhibitors
• Biocides & Disinfectants
• Chelating Agents
• Anti-Foaming Agents
• Ph Stabilizers
• Others

By End-Use Industry Type

• Power Generation
• Oil & Gas
• Mining
• Chemical
• Food & Beverage
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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