Industrial Wastewater Management Treatment Market

Industrial Wastewater Management Treatment Market Size-(2023-2028)

The Industrial Wastewater Management Treatment Market size was valued at USD 14,619.93 Million in 2022 and is projected to reach USD 18,708.77 Million by 2028, growing at a CAGR of 6.54% from 2023 to 2028.

Industrial Wastewater Management Treatment Market Overview:

Industrial wastewater management treatment is a way to clean up the dirty water produced by industries so that it can be used again in their processes. The water used by industries is often of poor quality and can be harmful to their operations. To clean it up, various equipment is used to remove things like bacteria and solid particles. This involves using chemicals like muriatic acid, iron, sodium bicarbonate, chlorine, and others. The goal is to get rid of contaminants and make the water safe for use. One important thing that is targeted is the total suspended solids in the water. To do this, the treatment process considers the biological, physical, and chemical properties of the water. Different methods are chosen depending on the characteristics of the water and what needs to be removed. Industrial wastewater management treatment is used in industries like power generation, oil and gas, and chemicals.

Industrial Wastewater Management Treatment Market Drivers:

People are becoming more aware of the need to protect the environment from harmful wastewater. In many countries, there are rules set by government organizations to control the discharge of wastewater from industries. These rules are strict and aim to prevent water pollution. Environmental groups and government agencies have made different policies to promote water conservation and reduce water pollution. Because of these strict rules, new water treatment plants are expected to be built in developing countries. Many organizations have created guidelines to encourage the use of technology for treating wastewater in industries. This can be a driver for the industrial wastewater management treatment market. Some examples include the European Union's Water Framework Directive, the United States Environmental Protection Agency's Effluent Limitation Guidelines, Mexico's Secretariat of Environment and Natural Resources' Wastewater Effluent Discharge Limit Mandates, India's Central Pollution Control Board's Regulatory Directives, and China's State Council and Ministry of Environment's action plans and directives.

Industrial Wastewater Management Treatment Market Restraints:

Using advanced technologies for wastewater treatment can make it expensive to build treatment plants, which can slow down the growth of the industrial wastewater management treatment market. The cost of a treatment plant depends on factors like the type of contaminants in the water, the equipment needed, the workforce, and the maintenance required over time. Expenses can vary depending on the system used and the industry involved. The cost of constructing a wastewater treatment plant can also be influenced by factors such as location, size, and the costs of labor and equipment. For example, a plant that can treat 8-10 thousand liters of water per day may cost around Rs. 2.5-3 lakhs or even more to install. Additionally, some treatment plants require technical equipment like remote monitoring systems, predictive maintenance systems, analytics software, and cybersecurity measures for automated operations. One of the main challenges that affect the market's growth is the high cost involved, combined with low-profit margins.

Industrial Wastewater Management Treatment Market Opportunities:

Increasing population and globalization:

It is expected that over two-thirds of the global population will live in cities. This rapid urbanization brings economic benefits, but it also leads to a greater demand for freshwater resources. As cities grow, there is also an increase in the amount of garbage generated, which can pollute water with various harmful substances like plastics, chemicals from personal care products, and disease-causing organisms from human waste. Because of these challenges, there will be a growing need for technologies related to the water and industrial wastewater management treatment market in the coming years.

Rising Interest In Self-Cleaning Super-Hydrophobic Surface:

Super-hydrophobicity on surfaces is achieved by making chemical modifications and adding textures to the surface. This creates a special coating that repels water very effectively. Super-hydrophobic nanocomposites, which are made of materials at a very small scale, can be used to create this coating. Polymers like epoxy are commonly used to coat surfaces that are frequently touched or easily accessible. The use of these enhanced epoxy surface coatings is expected to grow in the coming years, expanding the industrial wastewater management treatment market’s overall share.

Impact of the COVID-19 Pandemic on the Industrial Wastewater Management Treatment Market:

The COVID-19 pandemic hurt investments in new industrial wastewater management treatment market plants, especially for small and medium-sized businesses, because their revenues declined. It also made operational reliability more important because disruptions can be costly. Many large water users scaled back their activities, leading to a decrease in industrial wastewater management treatment market demand. Lockdowns and travel restrictions resulted in lower revenue for water utilities as demand from large industrial and commercial users decreased significantly. A survey estimated that industrial water demand dropped due to the pandemic. This revenue loss affected various parts of the water supply chain, including operators, technology companies, contractors, chemical suppliers, and consultants. In addition, the risk of infection among utility staff affected operations. To ensure that essential water and sanitation services continued, many governments recognized water and sewerage industry workers as essential workers. This allowed utilities to maintain their services without interruption.

INDUSTRIAL WASTEWATER MANAGEMENT TREATMENT MARKET REPORT COVERAGE:

Market Segmentation:

Industrial Wastewater Management Treatment Market-By Technology:

• Coagulants
• Flocculants
• Corrosion Inhibitors
• Scale Inhibitors
• Biocides & Disinfectants
• Chelating Agents
• Anti-Foaming Agents
• Others

Coagulants and flocculants dominate the industrial wastewater management treatment market. Due to advancements in technology, coagulants and flocculants have become a cost-effective way to treat dirty water produced by industries. The increased production from industries is causing a lot of pollution in rivers and lakes because they release their waste directly into them. To address this problem, industrial sectors are building special plants to clean up their wastewater. The pollution in water bodies is becoming very serious and harming the environment. Organizations and governments are investing a lot of money in these treatment plants to reduce water pollution. As cities grow and more industries are set up, the market for treating industrial wastewater is also expected to grow to protect water bodies from pollution. However, some industries are not interested in investing in these treatment plants because they are not aware of the importance of protecting the environment. The cost of advanced technologies and machinery needed for wastewater treatment is also a barrier to the growth of the market.

Industrial Wastewater Management Treatment Market-By End-User:

• Chemical & Pharmaceutical
• Food & Beverages
• Power Generation
• Textile Industry
• Oil and Gas
• Mining

The food and beverage segment dominates the industrial wastewater management treatment market shares. In the coming years, the food and beverage industry is expected to experience the fastest growth in the market. This is because the industry has a growing need to reuse wastewater to use water more efficiently and ensure clean water for their operations. Factors such as increased dairy production, the presence of organic matter in dairy wastewater, the use of dairy wastewater to create renewable energy like biogas, and the use of advanced technologies to treat and reuse water will contribute to this growth.

 Industrial Wastewater Management Treatment Market-By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

North America is leading with the dominant shares of the industrial wastewater management treatment market. The United States is a leading country in North America when it comes to energy production, supply, and consumption. They produce oil, natural gas, coal, and renewable fuels, as well as generate electricity from different sources like wind, solar, hydropower, geothermal, fossil fuels, and nuclear power. The U.S. is one of the top oil and natural gas producers globally, thanks to its energy industry's growth. The oil and natural gas sector contributes about 8% to the country's economy. As a result, the increasing production of crude oil in the U.S. is expected to raise the demand for managing wastewater in this region. The ongoing investment in exploration and production activities is also predicted to drive the market's growth. As offshore and onshore explorations increase, along with the growth of the onshore crude oil industries, the industrial wastewater management market is expected to experience significant growth in the coming years.

Key Developments in the Industrial Wastewater Management Treatment Market:

• In July 2020, GEA Group supplied a Zero Liquid Discharge (ZLD) plant to Abengoa. This plant helps convert wastewater containing salt into clean water for recycling within the company and separates solids for proper disposal. GEA Group provided various technologies for the ZLD process, including centrifugal separators, membrane concentrators, evaporators, crystallizers, and dryers.

• On July 20, 2020, Aquatech International established a power plant in Puerto Rico. The power plant generates 454 MW of electricity. Due to environmental regulations, the high solid content from the cooling tower's blowdown stream couldn't be discharged directly. To address this, a ZLD plant was installed. This system recycles around 99% of the water as pure distillate, which is then sent back to the cooling tower, reducing the need for fresh water. The ZLD system is designed for automatic and continuous operations.

Key Market Players in the Industrial Wastewater Management Treatment Market:

• Ecolab (U.S.)

• SUEZ (France)

• Kemira (Finland)

• SNF (U.S.)

• Evoqua Water Technologies LLC (U.S.)

• Veolia (France)

• Solenis (U.S.)

• Feralco AB (U.S.)

• IXOM (Australia)

• Hydrite Chemical (U.S.)

• Kurita Water Industries Ltd. (Brazil)

• Dow (U.S.)

• BWA WATER ADDITIVES UK LIMITED (Europe)

• Cortec Corporation (U.S.)

• Grupo BAUMINAS (Brazil)