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    Water Treatment Technology Market Report

    Water Treatment Technology Market Report
    Report code - SR2556 Delivery - 2 Weeks
    Water Treatment Technology Market Size, Share, Trend, Forecast, Competitive Analysis, and See more...

    Market Insights

    The water treatment technology market was estimated at US$ 176 billion in 2021 and is expected to grow at a CAGR of 4.9% during 2022-2028 to reach US$ 270 billion in 2028.

    Want to know more about the market scope: 

    Safe and sustainable drinking water is the basic essential of civilisation. Treating water to make it fit for use for various purposes and for sustainable development is the need of the hour. Water treatment is the process where in water is processed of all chemical, biological, natural as well as physical hazards so that it can be used for various purposes both in household as well as industrial purposes.

    Another important factor that needs to be highlighted here is that water needs to be non-corrosive in nature after the purification. With the rise in urban migration, cities and towns have become the hub for population influx. This has resulted into rise in the demand for water both for consumption as well for industrial uses.

    Thus, water needs to be treated for sustainable use. In most of the cases in the urban centres, water is collected from various sources like lakes, rivers, water reservoirs and then treated in treatment plants and distributed according to the laws of the concerned state or province.

    Key Players

    The following are the major players in the water treatment technology market:

    • Coca-Cola Company
    • PepsiCo
    • DOW
    • BASF SE
    • DuPont
    • AECOM
    • Ashland Global Holdings Inc.
    • 3M Company
    • Aquatech International LLC
    • BioMicrobics, Inc.

    There is stiff competition in the water treatment technology market. The growth of the companies is directly dependent on the industry conditions and government support. These companies differentiate their Water Treatment Technology based on their quality and penetration in the target and emerging markets. Also, some major mergers and acquisitions in the industry recently have significantly influenced the competitive dynamics. For example:

    • The chemical and process technology business Kemira increased its capacity for production in the UK in November 2021. The company announced that at its U.K. facilities, it would increase annual production of ferric-based water treatment chemicals by more than 100,000 tonnes.
    • The maker of speciality chemicals for the pulp, paper, oil and gas, chemical processing, etc., Solenis, bought the Mexican company Poliqumicos, S.A. de C.V. (Poliqumicos) in July 2020. Manufacturer and distributor of specialized chemical solutions for water-intensive industries, Poliqumicos. Solenis' sales in the Mexican market have increased as a result of the acquisition of Poliqumicos, as have its production capacities there.
    • Purolite, a chemical manufacturing company that offers high-quality purification and separation solutions, was bought by Ecolab in October 2021. The acquisition was planned to be a US$3.7 billion cash transaction. In a wide range of applications, Ecolab creates and provides services, technologies, and systems that are focused on water treatment, purification, cleaning, and hygiene.

    Market Dynamics

    The increased towards the development and improvement of water hygiene and water supply is one of the trends seen under water treatment technologies. The companies and governments are focusing towards the improvement of water hygiene and water supply.

    According to Conagua, the system utilized to supply water to the Valley of Mexico, the large section of the country that includes Mexico City, creates around 2 billion tons of carbon emissions every year. The water supply in Mexico has also been heavily impacted by the constant exploitation of wells. The continual extraction of groundwater has caused the level of city water to go down by 30 cm per year. Overexploitation of the aquifers has also led to a deterioration of water quality, owing to saline intrusion, seawater intrusion; and untreated urban and industrial wastewater discharge.

    As per the UN Water, Industries and agriculture are the major causes of water pollution. About 80% of municipal wastewater is discharged into bodies of water untreated. Industries are responsible for dumping millions of tons of heavy metals, toxic sludge, solvents and other waste into bodies of water each year. Moreover, Agriculture accounts for about 70% of water abstraction and plays a major role in water pollution. Farms discharge large quantities of organic matter, sediments and saline drainage, and agrochemicals into bodies of water.

    Due to population growth and industrialisation in numerous end-use sectors where water treatment technology is utilized to provide clean, drinkable water, the demand for chemically treated water rose. For instance, spending by the department of water resources climbed at a 5% annual growth rate from 2016 to 2021, according to a report released by the Indian Ministry of Jal Shakti.

    This could be one of the major forces boosting the market for water treatment technology. Additionally, due to a shortage of freshwater resources, both developed and emerging nations experience water scarcity issues. As a result, governments have increased their focus on water treatment technology in order to provide clean and usable water.

    However, due to the high cost of water & wastewater treatment equipment, the price of water treatment technology has gone up recently. Additionally, there are several steps in the technology used to cleanse water that need for powerful devices that can only be operated by qualified experts. The market for water treatment technologies is thus hampered by expensive equipment and a lack of qualified workers.

    On the other hand, the development of energy-efficient water technology systems was a result of technological developments and rising R&D activity. For instance, Pure Aqua Inc. created a reverse osmosis system that uses around 30% less energy than traditional reverse osmosis systems while still being able to filter undesired dissolved particles from water.

    Segment Analysis

    Membrane System? Type

    Electrodialysis, gas separation, microfiltration, reverse osmosis, ultrafiltration and others comprise the membrane system category. Reverse osmosis holds the largest market share in the membrane system segment in 2021. The high share is mainly attributed to the widespread use of reverse osmosis technology in emerging nations like China and India.

    Regional Analysis

    North America is likely to maintain its supremacy in the water treatment technology market throughout the forecast period. Technological advancements and demand for desalination due to increased scarcity for the fresh water reserves is one of the key factor that is boosting the growth in the North America water treatment technology market.

    Concurrently, the water treatment technology market in the Asia Pacific is anticipated to expand at the highest CAGR during the forecast period. This is due to the region's growing freshwater shortage, which has increased demand for water treatment technology to produce clean, drinkable water. In order to alleviate the shortage of fresh water, nations like China, India, and Australia place a strong emphasis on the construction of water treatment facilities.

    For instance, the National Institution for Transforming India (NITI Aayog) reported in February 2021 that the market for wastewater treatment plants in India was valued at $2.4 billion in 2019 and was expected to reach $4.3 billion by 2025 as a result of the country's growing need for municipal and sewage water treatment plants. This is anticipated to aggressively penetrate the Asia-Pacific market for water treatment technologies.

    Research Methodology

    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.

    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 the market dynamics and will enable strategic decision making for the 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, Product Portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

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

    Competitive Benchmarking

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

    Custom Research: Stratview research offers custom research services across the 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

    Frequently Asked Questions (FAQs)

    The market is expected to grow at a CAGR of 4.9% during 2022-2028.

    The market size was estimated at US$ 176 billion in 2021 and is projected to reach US$ 270 billion in 2028.

    The major players in the water treatment technology market are 3M Company, AECOM, Aquatech International LLC, Ashland Global Holdings Inc., BASF SE.

    North America is likely to maintain its supremacy in the water treatment technology market throughout the forecast period. Technological advancements and demand for desalination due to increased scarcity for the fresh water reserves is one of the key factor that is boosting the growth in the North America water treatment technology market.

    Reverse osmosis holds the largest market share in the membrane system segment in 2021. The high share is mainly attributed to the widespread use of reverse osmosis technology in emerging nations like China and India.

    The study period of the market is 2016-2028.

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