Market projected to reach $33 billion by 2025
A TechSci Research report, "Global Water & Wastewater Treatment Chemicals Market By Application, By Type, Competition Forecast and Opportunities, 2011 – 2025," has projected the global water and wastewater treatment chemicals market to reach $33 billion by 2025. This growth is on account of various socio-political factors, changing business environment, rapid industrialization, the fast pace of commercialization and rising awareness about harmful effects of polluted water. According to the report, water and wastewater treatment industry has seen rapid changes over the last few years due to constant government efforts to raise awareness about the need to lower ground water levels and harmful effects of excessive dumping of industrial wastes into water bodies.
Excessive dumping of industrial effluents into water bodies without treating has degraded the quality of water and raised demand for water and wastewater treatment chemicals across the globe. Increasing demand for water across various commercial and industrial facilities has propelled the need for wastewater treatment for use in non-drinking purposes. Some of the major application areas of water and wastewater treatment chemicals include power plants, oil & gas refining, wastewater treatment and municipal sector, among others.
The power sector dominated global water and wastewater treatment chemicals market in 2015 and the segment is anticipated to continue dominating the market through 2025. A rising number of residential and commercial establishments across the globe are generating significant demand for power and this is in turn pressuring power utilities and driving the use of water and wastewater treatment chemicals in the industry.
"Rising concerns associated with depleting clean water across the globe compelled policy regulators to implement stringent regulations pertaining to water conservation and treatment,” said Karan Chechi, research director for TechSci Research. “Moreover, anaerobic digestion is a new age water and wastewater treatment technology that involves microbial breakdown of decomposable organic matter in the absence of oxygen. Anaerobic digestion can be used to treat primary sludge that contains animal waste or wastewater containing organic wastes. Global anaerobic digestion market is estimated at over $6 billion in 2016.
“Zero Liquid Discharge (ZLD) is another new technology associated with management of wastewater, its treatment and reuse. ZLD helps eliminate liquid waste and optimize water reuse. Strict government regulations imposed on water discharge, and environmental awareness amongst people is increasing installations of zero liquid discharge systems across the globe. As of 2016, over 1,000 zero liquid discharge plants have been installed across the globe."
The report has analyzed the prospective demand for water and wastewater treatment chemicals and provides statistics and information on market sizes, shares and trends. The report also identifies and analyzes emerging trends, essential drivers and key challenges faced by the industry.