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Industrial Wastewater Treatment Market to Expand at a CAGR of ~6% Assessment for the Driving Factors, Size, Revenue, Segments, Expansion, Demand, and Opportunities During 2023-2035

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Industrial Wastewater Treatment Market to Expand at a CAGR of ~6% Assessment for the Driving Factors, Size, Revenue, Segments, Expansion, Demand, and Opportunities During 2023-2035

Global Industrial Wastewater Treatment Market Key Insights

During the forecast period of 2023-2035, the global industrial wastewater treatment market is expected to reach an estimated value of ~USD 29 billion by 2035, by expanding at a CAGR of ~6%. The market further generated revenue of ~USD 14 billion in the year 2022. Major key factors propelling the growth of the industrial wastewater treatment market worldwide are rising industrialization, which produces enormous amounts of liquid waste, as well as rising environmental consciousness among the populace.

Market Definition of Industrial Wastewater Treatment

Industrial wastewater treatment refers to the processes used to handle wastewater created as an unwanted consequence of industrial activities. Following treatment, untreated wastewater (or discharge) could be repurposed, released into sanitary sewers or surface waterways, or both. Wastewater treatment facilities can treat the polluted water produced by many industrial activities. A number of manufacturing processes, including chemical and petrochemical plants, petroleum product refineries, and other industrial processes, have their own specialized facilities to treat their wastewater in order to ensure that the pollutant accumulates in the treated wastewater comply with the legal requirements for wastewater disposal into sewer lines or into rivers, lakes, or seas.

Global Industrial Wastewater Treatment Market: Growth Drivers

The growth of the global industrial wastewater treatment market can be attributed to the rising need for drinking water brought on by the expanding world population. Furthermore, on account of the degradation of natural water sources on the back of the disposal of industrial waste, there is an exponential increase in the shortage of safe drinking water.It was found that over 1 billion people get ill each year from contaminated water, mostly in low-income nations, according to a report by the Natural Resources Defense Council (NRDC). Additionally, more than 80% of the wastewater produced globally returns to the environment untreated.

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In addition to this, the market growth is predicted to be fueled by the growing number of industries around the world, and the increasing number of factories producing a large quantity of industrial waste and industrial wastewater. For instance, while the US accounts for around 16.7% of worldwide industrial production and its production is valued at USD 1.8 trillion, China accounts for 28.5% of industrial production, contributing a total value of close to USD 4 trillion to the global economy.

The global industrial wastewater treatment market is also estimated to grow majorly on account of the following:

Rising Concerns Among People Regarding the Contamination of Water Bodies

Creation of Innovative Industrial Wastewater Treatment Techniques by Leading Manufacturers

Rising Adoption of Partitions-Release-Recover (PRR) System

Growing Interest in Circular Economy, and the Surge in Conversion of Wastewater into Biofactories

Global Industrial Wastewater TreatmentMarket: Restraining Factor

The expensive implementation, upkeep, and operating expenses are anticipated to limit this market's expansion to some degree. One of the main obstacles to the expansion of the industrial wastewater treatment market is the deterioration of the current water infrastructure owing to its aging.

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Global Industrial Wastewater Treatment Market Segmentation

By Type (Biocides, Disinfectants, Coagulants, Anti-foaming Agents, and Others)

By Treatment (Membrane Separation, Activated Sludge, Membrane Bio-reactor, Sludge Digestion, and Others)

By End User Industry (Power Generation, Mining, Chemical, and Others)

Out of these, the power generation segment is estimated to hold the largest market share by the end of 2035. The growth of the segment can be attributed to the rising need for power and electricity, backed by the growing urbanization and increasing investment in power generation. For instance, the top nations of the world have already spent USD 3 trillion on the generation of power since 2000, according to projections from The International Energy Agency, and they will spend another USD 8 trillion over the next 25 years.

By Region

On the back of an expanding number of industries, such as power generation, mining, food & refreshments, pulp & paper, chemical, consumer electronic, and textile manufacturing, which generate massive amounts of wastewater that require treatment, the market in the Asia Pacific region is predicted to acquire the largest share over the forecast period. Moreover, the rising demand for clean drinking water and the increasing fatality rate in the region owing to the lack of sanitized and safe drinking water are predicted to drive the market growth. For instance, according to data from the Global Water Forum, 42% of deaths attributed to inadequate sanitation and water supplies take place in the Asia-Pacific area.

The market research report on global industrial wastewater treatment also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Key Market Players Featured in the Global Industrial Wastewater Treatment Market

Some of the key players of the global industrial wastewater treatment market are Orenco Systems, Inc., DuPont de Nemours, Inc., Kingspan Holdings Limited, United Utilities Group PLC, Pentair plc, BASF SE, Xylem, SUEZ Groupe SAS, The Dow Chemical Company, 3M and others.

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About Research Nester

Research Nester, which is a leading service provider for strategic market research and consulting services, aims to provide unbiased, unparalleled market insights and industry analysis. These analyses help conglomerates, executives, and industries to take wise decisions for their businesses as well as for their future marketing strategy, expansion, and investment among others. We believe that our expertise in the field of market research can help businesses to expand to new horizons. Our team of research analysts can provide businesses with the right guidance at the right time, while our out of box thinking helps our clients to take wise decisions to avoid future uncertainties.

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