The increase in environment awareness is a significant factor driving the growth of the Global Industrial Wastewater Treatment Market in the forecast period of 2024-2028.
According to the TechSci Research report, “Industrial Wastewater Treatment Market – Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-FY2028F,“the Global Industrial Wastewater Treatment Market is anticipated to expand in the coming years. Inadequate access to clean drinking water is one of the significant factors driving the need for wastewater treatment for industries. According to UNICEF, four billion people, which is almost two thirds of the world’s population, face severe water scarcity for at least one month each year, and by 2040, approximately 1 in 4 children worldwide will be residing in areas of extremely high water stress. With the lack of proper sanitation and clean water, there is an increase in water borne diseases, particularly diarrhea which kills 2,195 children every day, which is more than AIDS, malaria, and measles combined.
Water recycling is the suitable decision for factories and industries since they require a lot of water every day for different mechanisms. Any contaminated water that plants have cleaned up can be used again. Numerous litres of water are saved through this process.With this alarming situation, the government, industries, and people are adopting the waste water treatment and eventually this will create a high growth potential of the industrial waste water treatment market.
Some of the statistics are:
- According to the World Water Assessment Program, 80% of wastewater is released into the environment without adequate treatment.
- EPA estimates that the U.S. recycles about 30% of its waste stream, even though up to 75% of waste stream is recyclable and over 60% of the average landfill is composed of paper, metals, glass, plastics, and food waste.
- According to the WHO and UNICEF Joint Monitoring Program for Water Supply and Sanitation, approximately 1.2 billion people globally are estimated to drink clean water.
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The Global Industrial Wastewater Treatment Market is segmented into Equipment,, Industry, Region, and Competitive Landscape. Being the oldest and most fundamental industrial sectors, the pulp and paper industry makes a sizeable financial contribution to the industrial wastewater treatment market. Despite being a capital, energy, and water-intensive industry with a highly polluting process that necessitates significant investments in pollution control equipment, the pulp and paper industry contributes significantly to the socioeconomic development of the country. The paper industry uses a lot of water for pulp processing and bleaching. 17,000 gallons of industrial process water are required for every tonne of pulp produced during the production of a sheet of paper. Because of the high consumption of water and energy, there is an urgent need to improve the treatment process.
According to regional analysis, Asia-Pacific is expected to grow during the forecast period. In the Asia-Pacific region, approximately 80% of wastewater is discharged without treatment. Open excretion, lack of improved sanitation, and insufficient wastewater management systems pollute groundwater, rivers, and coasts. However, the extraction of wastewater byproducts such as salt, nitrogen, and phosphorous has proven profitable in Asia-Pacific and the organic substances in wastewater generate biogas, which could be used to power wastewater treatment facilities, assisting them in transitioning from major consumers to energy neutral or even net energy producers. The Japanese government planned to recover 30% of the biomass energy in wastewater. From 43,000 tonnes of sewage sludge, the city of Osaka generates 6,500 tonnes of biosolid fuels annually.
Major market players operating in the Global Industrial Wastewater Treatment Market are:
- United Utilities Group PLC
- Kurita Water Industries Ltd.
- SUEZ group
- GFL Environmental Inc.
Some of the recent developments by key players are:
- In December 2022, SUEZ acquired Veolia, to accelerate the growth of waste management activities, and enhance expertise in new treatment methods such as material re-use, recycling, creation of alternative fuels and energy-from-waste.
- In July 2021, Kurita and Toshiba collaborated in the Field of Water Treatment for Power Plants. The collaboration would improve the value of infrastructure systems and contribute to asustainable society in Japan and other countries.
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“Global Industrial Wastewater Treatment Market is expected to thrive as water resource bodies are under serious danger around the world due to the discharge of untreated effluent into water bodies and the need to protect humans and the ecosystem from harmful and toxic elements found in wastewater. Because the natural process is overburdened, water treatment facilities were created to accelerate the purification process.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Industrial Wastewater Treatment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Equipment (Ultrafiltration Systems, Vacuum Evaporation and Distillation, Reverse Osmosis Systems, Paper Bed Filters, Solid Bowl Centrifuges, Tramp Oil Separators, Vacuum Filters, And Others), By Industry (Poultry & Agriculture, Breweries, Pulp and Paper, Iron and Steel, Mines and Quarries, Food and Beverages, and Others), By Region, “ has evaluated the future growth potential of Global Industrial Wastewater Treatment market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Industrial Wastewater Treatment Market.
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