Industrial Wastewater Treatment Market to Reach USD 78 billion by 2028 - Exclusive Report Covering Pre and Post COVID-19 Market Analysis and Forecasts by Meticulous Research®

According to a new market research report titled "Industrial Wastewater Treatment Market by Treatment Technology (Membrane Separation, Activated Sludge, Clarification, Membrane Bio-reactor, Sludge Digestion), and Application (Manufacturing, Power, Energy, Mining) - Global Forecast to 2028', The Industrial Wastewater Treatment Market is expected to reach a value of USD 78 billion by 2028, at a CAGR of 6.8% during the forecast period 2021-2028.

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Industrial wastewater has a variable quality and volume depending on the type of industry producing it. It may be highly biodegradable or not at all and may or may not contain compounds recalcitrant to treatment. These include organic synthetic substances or heavy metals whose content in wastewater in developing countries may be considerably different (in quantity and quality) from the developed ones. The main concern with industrial wastewater is the increasing amount (in quantity and variety) of synthetic compounds. The major factors driving the industrial wastewater treatment market include the increasing industrialization and urbanization, declining freshwater resources, increasing energy demand across the globe, rising focus on water quality and public health, increasing prevalence of water-borne diseases, rising industrial demand, and stringent governmental regulations on treating industrial wastewater.

Moreover, the growing focus on industrial wastewater treatment in countries like the U.S., China, and India provides significant opportunities in this market. However, the high cost of equipment, operations, and disposal, and shifting demand towards alternative wastewater treatment technologies obstructs the growth of this market to some extent. Also, excess energy consumption and rising expenditure due to excess sludge production are the major challenges for the growth of the industrial wastewater treatment market.

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The Impact of COVID-19 on the Industrial Wastewater Treatment Market

The COVID-19 pandemic has severely impacted many economies around the globe. As a measure to control the spread of this disease and to avoid its associated consequences, governments across the globe have announced partial or complete lockdowns, majorly impacting many manufacturing and service industries, including industrial wastewater treatment.

The outbreak of COVID-19 is projected to slow down investments in the water sector worldwide. It has also increased the importance of operational reliability due to the cost of disruption. Many large users of water have downscaled or reduced activities, resulting in declining industrial demand. A decline in demand from large industrial users due to lockdowns and travel restrictions will significantly reduce water utility revenues. A survey by the Global Water Leaders Group estimates that the industrial water demand will fall by an average of 27% due to COVID-19. Deeper revenue losses are expected across the whole water-supply chain, including operators, technology companies, contractors, chemical suppliers, and consultants.
Moreover, operations could be affected due to the increased risk of infection among utility staff. Operational continuity and flexibility are a key to keep essential water and sanitation services running, while also pushing forward with ongoing construction projects. Many governments identified people working in the water and sewerage industry as essential workers, enabling utilities to maintain service continuity. However, social distancing protocols mean that utilities can only retain operationally critical staff onsite. Supply chain and logistics disruptions have also been reported. This scenario has lowered the demand for industrial wastewater treatment.
The industrial wastewater treatment market study presents market data in terms of value (2018, 2019, and 2020), and forecasts for 2027. The market is segmented based on technology, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on technology, the membrane separation segment accounted for the largest share of the overall industrial wastewater treatment market in 2020. The large share of this segment is mainly attributed to the rising demand for low energy-consuming water treatment processes, growing emphasis on reducing the use of chemicals in water treatment, and effective purification and reduced cost of operations offered by membrane filtration technology. However, the Membrane Bio-reactor (MBR) technology segment is expected to witness significant growth, as it has emerged as an efficient, compact technology for industrial wastewater treatment.

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Based on application, the manufacturing segment accounted for the largest share of the overall industrial wastewater treatment market in 2020. The large share of this segment is mainly attributed to the rapid urbanization, technological growth, and increasing manufacturing units that create strong demand for processed water. However, the energy segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the rising demand for clean water and energy.
Geographically, the Asia-Pacific region commanded the largest share of the global industrial wastewater treatment market in 2020. The large share of this region is primarily attributed to the increasing population; growing manufacturing, pulp & paper, and power generation industries; declining availability of clean water; growing research and development expenditures; and increasing environmental regulations regarding industrial wastewater in the region, especially in developing countries such as China and India. China is expected to dominate the Asia-Pacific market through 2027, mainly due to its huge population base and industrialization, and significant wastewater discharge.

Top 10 Companies Operating in Industrial Wastewater Treatment Market :- https://meticulousblog.org/top-10-companies-in-industrial-wastewater-treatment-market/

The key players operating in the global industrial wastewater treatment market are Suez Environnement S.A. (France), Xylem, Inc. (U.S.), DuPont de Nemours, Inc. (U.S.), Evoqua Water Technologies Corporation (U.S.), 3M Company, Inc. (U.S.), Pentair plc (U.K.), United Utilities Group P.L.C. (U.K.), Kingspan Water & Energy (U.K.), The Dow Chemical Company (U.S.), Kemira Oyj (Finland), BASF SE (Germany), Calgon Carbon Corporation (U.S.), Kurita Water Industries Ltd. (Japan), Bio-Microbics, Inc. (U.S.), Trojan Technologies Inc. (Canada), Aquatech International Corporation (U.S.), ASIO, spol. s r.o. (Czech Republic), Orenco Systems, Inc. (U.S.), Scinor Water America, L.L.C. (U.S.), Elgressy Engineering Services Ltd. (Israel), Outotec Oyj (Finland), Blue Eden CleanTech Solutions Inc. (Canada), Solenis (U.S.), Aries Chemical, Inc. (U.S.), Thermax Limited (India), and Lenntech B.V. (Netherlands) among others.

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