Portland,OR, June 09, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Zero Liquid Discharge System Market by System Type (Conventional ZLD systems, Hybrid ZLD systems), Process Type (Pretreatment, Evaporation and Crystallization), and End User (Chemicals & Petrochemicals, Food & Beverages, Textiles, Pharmaceuticals, and Others): Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the zero liquid discharge system market was valued at $6.1 billion in 2022 and is estimated to reach $11.2 billion by 2032, exhibiting a CAGR of 6.2% from 2023 to 2032.
Prime Determinants of Growth-
The zero liquid discharge system market is growing due to several factors, including government rules for disposing of industrial waste, the growth of the textile industry, and the expansion of the food and beverage sector. However, high initial operating costs for ZLD systems can restrain the growth of the market. Moreover, technological advancements are expected to present new opportunities in the coming years.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2023–2032 |
| Base Year | 2022 |
| Market Size in 2022 | $6.1 Billion |
| Market Size in 2032 | $11.2 Billion |
| CAGR | 6.2% |
| No. of Pages in Report | 260 |
| Segments covered | System type, Process type, End User, and Region |
| Drivers | Government rules for disposing of industrial waste Growth of the textile industry The expansion of the food and beverage sector |
| Opportunities | Advancements in technology |
| Restraints | High initial investment and operating cost |
Covid-19 Scenario
- The outbreak of the COVID-19 pandemic had a negative impact on the zero liquid discharge systems market during the first half of 2020, owing to the temporary closure of manufacturing facilities, which caused disruption in the supply chain. Import-export restrictions and delays in raw materials also put pressure on industry.
- However, the recovery of the manufacturing industry in emerging countries in the Asia-Pacific region has fueled the growth of the zero liquid discharge systems industry post-pandemic.
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The conventional ZLD systems segment to maintain its leadership status throughout the forecast period
Based on system type, the conventional ZLD systems segment held the highest market share in 2022, accounting for nearly four-fifths of the zero liquid discharge systems market revenue, and it is estimated to maintain its leadership status throughout the forecast period. This is due to the cost-effectiveness of conventional ZLD systems. However, the hybrid ZLD systems segment is projected to manifest the highest CAGR of 6.4% from 2023 to 2032, owing to its high wastewater treatment capabilities.
The evaporation and crystallization segment to maintain its lead position during the forecast period
Based on process type, the evaporation and crystallization segment accounted for the largest share in 2022, contributing to more than two-thirds of the zero liquid discharge systems market revenue, and is projected to maintain its lead position during the forecast period, owing to the reduction of the negative environmental impact of industrial wastewater. On the other hand, the pretreatment segment is projected to manifest the highest CAGR of 6.4% from 2023 to 2032. The growth is attributed to the ability to significantly increase the reuse of industrial wastewater.
Europe garnered the major share in 2022-
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for around one-third of the zero liquid discharge systems market revenue, owing to strict government regulation regarding the treatment and disposal of industrial wastewater. Furthermore, Asia-Pacific is projected to maintain its dominance in terms of revenue during the forecast period. However, the same region is expected to witness the fastest CAGR of 6.7% from 2023 to 2032. The government's initiatives to boost manufacturing positively influence the growth of the zero liquid discharge systems market in the Asia-Pacific region.
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Leading Market Players-
- Aquarion AG
- Aquatech International LLC.
- Condorchem Envitech
- SafBon Water Technology
- GEA Group Aktiengesellschaft
- H2O GmbH
- Oasys Water, Inc.
- Praj Industries Ltd.
- Veolia
- Lenntech B.V.
The report provides a detailed analysis of these key players in the zero liquid discharge systems market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others, to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolios, and strategic moves of market players to showcase the competitive scenario.
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