NEW YORK, Sept. 05, 2018 (GLOBE NEWSWIRE) -- The global water and waste water treatment market is expected to witness a CAGR of 4.4%, and is projected to reach USD 147.9 billion by 2023. Factors propelling the growth of water and waste water treatment market includes rapidly depleting fresh water resources, rising population, increasing water demand, and stringent government regulations.
The report segments the water and waste water treatment market by Chemical Type (Coagulants & Flocculants, Sludge Conditioners, Biocides & Disinfectants, Corrosion & Scale Inhibitors, pH Adjusters & Softeners, Defoamers, Odor Control Agents, and Others), by Treatment Technology (Reverse Osmosis (RO) Membrane, Micro-Filtration (MF) Membrane, Ultra-Filtration (UF) Membrane, Nano-Filtration (NF) Membrane, Membrane Bio-Reactor (MBR), Chlorination, Activated Sludge, and Others), by Treatment Process (Biological, Chemical, Bio-Solids and Others), by Application (Power Generation, Chemical Processing, Oil & Gas, Petroleum Refining, Metal & Mining, Pulp & Paper, Construction, and Others), by End-Use (Municipal and Industrial), by Region (North America, Europe, Asia-Pacific, South America, and Middle East and Africa (MEA)). The report studies the global water and waste water treatment market over the forecast period (2017-2023).
Water as an essential requirement for human survival, plays a crucial role in determining industrial growth. Water treatment can be defined as a process of making water acceptable for specific use such as drinking, irrigation, industrial supplies and river flow maintenance. Wastewater treatment is a process used to convert wastewater into an effluent that could be given back to the water cycle with minimum environmental issues and the water can be reused. Short-sighted water policies, poor water conservation and climatic changes have resulted in decline in water supply, hence creating a need for water and waste water treatment.
Key Findings of the Global Water and Waste Water Treatment Market
- On the basis of chemical type, coagulants and flocculants held the largest share of global water and waste water treatment market in 2016, and is expected to dominate the market throughout the forecast period
- Among various chemical type, scale inhibitor is projected to grow at a highest rate, over the forecast period
- On the basis of application, power generation was holding the major share, in 2016 and is expected to maintain its position, during the forecast period
- Chemical processing, application of water and waste water treatment is anticipated to register the highest CAGR, over the forecast period
- On the basis of end-use, municipal segment held the major market share in 2016 and is forecasted to dominate the market, throughout the forecast period
- Industrial segment another end-use of global water and waste water treatment is expected to grow at a fastest rate registering the CAGR of 5.3%
- The key players in the water and waste water treatment market includesAshland Inc., Aquatech International Corporation, Best Water Technology AG, Buckman Laboratories International, Inc., Calgon Carbon Corporation, Culligan International Company, The Dow Chemical Company, GE Water & Process Technologies, 3M Purification, Suez Environment S.A., Doosan Heavy Industries & Co., Ltd., among others
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Water and Waste Water Treatment–Desalination Process a Solution to Fresh Water Scarcity
The Middle East and Africa region is making investments for the development and advancement of desalination technology such as reverse osmosis for water treatment. Increasing demand for potable water owing to the increasing population, development of infrastructure and the rise in the spending capacity is anticipated to drive the water and waste water treatment market in this region. Saudi Arabia accounted for the highest water consumption per capita globally along with energy intensive desalination process. Saudi Arabia’s municipal wastewater treatment market is expanding attributed to the scarcity of groundwater and requirement for potable water have stimulated the demand for water and waste water treatment.
Water and Waste Water Treatment- Regional Insight
Asia-Pacific accounted for the largest share in the global water and waste water treatment market in 2016, and is expected to maintain its dominance throughout the forecast period. Furthermore, Asia-Pacific region is anticipated to grow at a significant rate and register the highest CAGR among other regions. The growth of water and waste water treatment market in this region is attributed to increasing industrial activities and rapidly growing population.
North America was holding the second largest market share of global water and waste water treatment market in 2016, and is anticipated to register a steady growth, throughout the forecast period.
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