New York, USA, July 28, 2021 (GLOBE NEWSWIRE) -- According to the report published by Research Dive, the global biological wastewater treatment market has garnered $7.6 million back in 2018 and is expected to grow exponentially at a CAGR of 5.4% during the forecast period (2019-2026). The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market such as growth factors, challenges, restraints, and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.
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Dynamics of the Market
Drivers: Rigorous initiatives taken by the governments of several countries and a significant growth in the industrialization is expected to drive the growth of the market. Moreover, the demand for water is expeditiously increasing, owing to the increase in population, and hence water can be repeatedly used by the industries for operational use with the help of efficient biological wastewater treatment. These factors are expected to bolster the growth of the market during the forecast period.
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Restraints: There are a number of expenses involved in the bona fide disposal of wastewater like sludge water movement cost, operational cost, purifying cost, and so on. These factors are expected to impede the growth of the market in the upcoming years.
Opportunities: Persistent technological advancements, and rising population & industrialization are anticipated to create vital opportunities for the growth of the market during the forecast period.
Key Segments of the Market
The report has divided different segments of the market based on process, end-use, and regional outlook.
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Process: Aerobic Process Sub-segment to be Most Profitable
The aerobic process sub-segment has garnered $3.6 million back in 2018, and is expected to grow at a CAGR of 6.5% during the forecast period. Aerobic process is extensively used in the chemical industry, food processing industry among others due to its efficient degradation of contaminated water for industrial use. This factor is expected to drive the growth of the sub-segment during the forecast period.
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End-use: Industrial Sub-segment to be Most Lucrative
The industrial end-use sub-segment is anticipated to grow exponentially at a CAGR of 4.2% during the forecast period. Industries like pharmaceutical, meat and poultry, paper & pulp, chemical, and others rigorously use biological wastewater treatment for their various operations. This factor is expected to bolster the growth of the sub-segment during the forecast period.
Regional Outlook: Asia Pacific Region to Have the Highest Growth Rate
The Asia Pacific region is estimated to grow effectively with a CAGR of 6.1% during the forecast period. There has been a significant growth of economy in the region. Furthermore, rapid investments made by the top players of the market in order to establish their operations are expected to drive the growth of the regional market during the forecast period.
Key Players of the Market
• 3M
• Calgon Carbon Corporation,
• Aquatech International LLC
• Evoqua Water Technologies LLC,
• Pentair plc
• Veolia
• Ecolab
• Xylem
• SUEZ
For instance, in April 2020, Culligan, an American water treatment company, sold Seven Seas Water which is a multinational provider of desalination and wastewater treatment solutions to Morgan Stanley Infrastructure Partners, a global infrastructure investment platform, in order to raise finances further for better acquisitions.
The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments. Click Here to Get Absolute Top Companies Development Strategies Summary Report
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