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Water resource bodies are under serious threat around the world due to discharge of untreated effluent in water bodies. Today, around 80% of all wastewater is discharged into the world’s waterways where it creates health, environment, and climate-related hazards. Recovering the water, energy, nutrients, and other precious materials embedded in wastewater is a key opportunity to be seized.
Rapid industrialization coupled with population growth has doubled pollution of water. Unavailability of safe drinking water, inefficient water, and wastewater treatment systems are some of the greatest challenges the world is facing. There is an urgent need for us to realize the criticality of the situation and impact on us at present and the future.
Water is being managed against the backdrop of increasing population pressure, industrial growth, and agricultural needs in a climate of water scarcity and climate change. Implementation of high tech water treatment techniques and awareness would help to mitigate the pollution of water. Stringent government norms and positive attitude by fortune companies in the world are providing a scalable opportunity in the wastewater market.
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Industrial wastewater treatment is bifurcated into treatment technology and end-user. Treatment technology is further divided into coagulants, flocculants, corrosion inhibitors, scale inhibitors, biocides & disinfectants, chelating agents, anti-foaming agents, and others. With rapid technological advancement, coagulants and flocculants have emerged as one of the cost-competitive methods to treat industrial wastewater. Increase in industrial output is severely affecting the freshwater bodies due to direct discharge of effluent into waterways. Industrial sectors are constructing wastewater treatment plants to mitigate water pollution.
Waterways pollution is at an alarming level which affecting the ecological system. International organization and local government are massively investing in a wastewater treatment plant that driving the industrial wastewater treatment market. Enormous urbanization and rapid industrialization are expected to increase the industrial wastewater market to minimize the pollution of water bodies.
The industries reluctant to invest in wastewater treatment plants and lack of awareness and apathy towards the environment is retarding the growth of the industrial wastewater treatment market. Treatment of wastewater requires advanced technologies and machinery that increase the cost which inhibiting the growth of the industrial wastewater treatment market.
The major players in industrial wastewater treatment market are SUEZ - Water Technologies & Solutions, Veolia Water Technologies, Xylem Inc., DuPont Water Solutions, 3M, Pentair, ITT Inc., United Utilities Group PLC, Severn Trent Water, Evoqua Water Technologies, American Water, Aquatech International, Kingspan Group, Ecolab, and Organo (Asia) Sdn Bhd.
The industrial wastewater treatment market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Increasing environmental concern, rising pollution of waterways coupled with the growth of industrialization, is expected to offer lucrative market for industrial wastewater treatment in North America. Strict rules and regulation for flouting pollution norms and hefty fines are making wastewater treatment essential. Economic activities, population growth, and urbanization affecting the quality of European freshwater. Industrial release to waterways is prime element exerts pressure on European waters, alongside discharges of pollutant from urban wastewater treatment. Government and environmentalist working together to protect environment and avoid water pollution by implementing wastewater treatment facilities which expected to increase the growth of the industrial wastewater treatment market. Industrial wastewater treatment market in APAC is driven by massive population growth, unavailability of safe drinking water, and rising concern over polluting water bodies. The wastewater treatment market in Asian countries is in nascent stage and opens opportunities for private investment and development of new and innovative technologies.
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