Global Wastewater Treatment Market Size was over USD 45.4 billion in 2017 and is anticipated to surpass a market size of USD 71.6 billion by 2025, growing at a CAGR of 5.9% from 2018 to 2025.
Chemicals used for purifying water and also prevent the corrosion in the treatment equipment are known as water & wastewater treatment chemicals. Global demand for these chemicals has witnessed a significant traction, primarily owing to the stringent government regulations for the re-use of contaminated water, discharged from various end-use industries.
Water treatment is majorly done by the collection and processing of wastewater to achieve desired properties. Hence, based on the requirements, various treatment methods have been involved, which may differ significantly. Commonly used equipment for treating wastewater are filtration systems & media, process equipment, disinfection, and membranes, etc. Global equipment-based wastewater treatment market will grow tremendously over the coming years, majorly owing to the rising water consumption, along with growing awareness in order to consume safe water.
Growing gap between demand and supply of safe water, coupled with tightening government regulations towards the implementation of water re-use are initiating various recycling projects, which will likely be a key factor to drive the global wastewater treatment market growth. Rapid growth in end-use industries such as pulp & paper, pharmaceuticals, oil & gas, textile, and others will likely propel the global wastewater treatment market size over the projected period.
Rising water consumption, along with rapid urbanization and various economic development activities in the emerging economies will significantly drive the demand for wastewater treatment processes, which in turn will drive the global wastewater treatment market over the projected period.
Rising shale gas exploration in the North America region, along with increasing exploration activities in developing nations such as India and China will further boost the demand for wastewater treatment chemicals & equipment over the projected period. Seawater desalination activities, along with rapid R&D activities are likely to open up new opportunity ventures for the global wastewater treatment market size.
Major factors restricting the growth of global wastewater treatment market include high costs of equipment, installation, and operations. Some developed countries of Europe, along with North America have adopted new technologies such as ozonation and UV-treatment equipment for the treatment of their municipal water, whereas some regions in the Asia Pacific use these technologies at a very low rate.
Asia Pacific wastewater treatment market size held the largest share in the previous years and is also projected to dominate the global market in the coming years. The market growth is majorly attributed by the presence of several chemical & equipment manufacturers, along with rising demand for safe water from various sectors such as municipal and industrial. This trend is observed in countries such as China, Japan, India, and South Korea. Easy availability of raw materials for the manufacturing of chemicals, coupled with low tax systems for setting up new factories and low-wage labor have further attracted several global players to start their own production facilities, which further fuels the Asia Pacific wastewater treatment market over the projected period.
Major players participating in the global wastewater treatment market include Kurita, Kemira, BASF SE, Nalco-Ecolab, Air Products & Chemicals, BWA Water Additives, AkzoNobel, Thermax, Ion Exchange, Hydrite Chemical, Carus Corporation, Lonza Group, The Dow Chemical Company, Veolia, GE Water & Process Technologies, Xylem, SUEZ, Aquatech International, Pentair, and Evoqua Water Technologies among several others.
Save Your Time
Wide Range of Reports
World Class Market Research
100% Customer Satisfaction
24/7 Customer care Support
Let's Talk Online