The global water treatment technology market was valued at $168.0 billion in 2020, and is projected to reach $265.9 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.
Water treatment technology is an essential line of defense to eliminate bacteria and contaminants before the supply of potable and clean water for consumption. It includes several stages such as collection, screening & straining, chemical addition, coagulation & flocculation, sedimentation & clarification, filtration, disinfection, storage, and distribution.
The increase in demand for fresh water surged the need for water treatment facilities in developed and developing countries, including the U.S., China, and India. For instance, according to a report published by the Centers for Disease Control and Prevention, in March 2021, only 12% of wastewater is completely treated. This factor accelerate the growth of water treatment technology market during the forecast period. Furthermore, several agencies such as the United States Environmental Protection Agency (U.S.EPA), the Central Pollution Control Board (CPCB), and European Union implemented stringent rules and regulations for the discharge of untreated wastewater into water bodies. This encouraged the construction of water and wastewater treatment facilities in several end-user sectors, thus fueling the market growth.
However, cost of water treatment technology increased over past few years, due to expensive water & wastewater treatment equipment. Moreover, water treatment technology includes various stages that require highly efficient machines that can be operated by experienced professionals. Thus, high equipment cost and less availability of trained professionals hamper the growth of the water treatment technology market.
On the contrary, technological advancements and increase in R&D activities surged the popularity of automated water treatment equipment in various end-use sectors. Moreover, introduction of automation programs such as industry 4.0 in water treatment sector led the consumers towards using automated water treatment technology equipment, owing to its properties, including higher efficiency, less manpower requirement, and operational flexibility. This factor is expected to provide lucrative growth opportunities for the water treatment technology market in the future.
The global water treatment technology market is segmented on the basis of chemicals, membrane system, end-user industry and region. Depending on chemicals, it is fragmented into coagulants & flocculants, antifoam & defoamers, corrosion & scale inhibitors, activated carbon, biocides, and others. According to membrane system, it is classified into reverse osmosis, ultrafiltration, microfiltration, electrodialysis, gas separation, and others. On the basis of end-user industry, it is classified into municipal water & wastewater treatment, industrial, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global water treatment technology market profiles leading players that include AECOM, Aquatech International LLC, Ashland Global Holdings Inc., BASF SE, BioMicrobics, Inc., DOW, DuPont, PepsiCo, the 3M company, and The Coco-Cola Company.
The global water treatment technology market report provides in-depth competitive analysis as well as profiles of these major players.
Water treatment technology is an essential line of defense to eliminate bacteria and contaminants before the supply of potable and clean water for consumption. It includes several stages such as collection, screening & straining, chemical addition, coagulation & flocculation, sedimentation & clarification, filtration, disinfection, storage, and distribution.
The increase in demand for fresh water surged the need for water treatment facilities in developed and developing countries, including the U.S., China, and India. For instance, according to a report published by the Centers for Disease Control and Prevention, in March 2021, only 12% of wastewater is completely treated. This factor accelerate the growth of water treatment technology market during the forecast period. Furthermore, several agencies such as the United States Environmental Protection Agency (U.S.EPA), the Central Pollution Control Board (CPCB), and European Union implemented stringent rules and regulations for the discharge of untreated wastewater into water bodies. This encouraged the construction of water and wastewater treatment facilities in several end-user sectors, thus fueling the market growth.
However, cost of water treatment technology increased over past few years, due to expensive water & wastewater treatment equipment. Moreover, water treatment technology includes various stages that require highly efficient machines that can be operated by experienced professionals. Thus, high equipment cost and less availability of trained professionals hamper the growth of the water treatment technology market.
On the contrary, technological advancements and increase in R&D activities surged the popularity of automated water treatment equipment in various end-use sectors. Moreover, introduction of automation programs such as industry 4.0 in water treatment sector led the consumers towards using automated water treatment technology equipment, owing to its properties, including higher efficiency, less manpower requirement, and operational flexibility. This factor is expected to provide lucrative growth opportunities for the water treatment technology market in the future.
The global water treatment technology market is segmented on the basis of chemicals, membrane system, end-user industry and region. Depending on chemicals, it is fragmented into coagulants & flocculants, antifoam & defoamers, corrosion & scale inhibitors, activated carbon, biocides, and others. According to membrane system, it is classified into reverse osmosis, ultrafiltration, microfiltration, electrodialysis, gas separation, and others. On the basis of end-user industry, it is classified into municipal water & wastewater treatment, industrial, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global water treatment technology market profiles leading players that include AECOM, Aquatech International LLC, Ashland Global Holdings Inc., BASF SE, BioMicrobics, Inc., DOW, DuPont, PepsiCo, the 3M company, and The Coco-Cola Company.
The global water treatment technology market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the water treatment technology market analysis from 2020 to 2030 to identify the prevailing water treatment technology market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the water treatment technology market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global water treatment technology market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Chemicals
- Antifoams And Defoamers
- Corrosion And Scale Inhibitors
- Activated Carbon
- Biocides
- Others
- Coagulants And Flocculants
By Membrane System
- Reverse Osmosis
- Ultrafiltration
- Microfiltration
- Electrodialysis
- Gas Separation
- Others
By End-Use Industry
- Municipal
- Industrial
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- AECOM
- Aquatech International LLC
- Ashland Global Holdings Inc.
- BASF SE
- BioMicrobics, Inc.
- DOW
- DuPont
- PepsiCo
- The 3M Company
- The Coca-Cola Company
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: WATER TREATMENT TECHNOLOGY MARKET, BY CHEMICALS
CHAPTER 5: WATER TREATMENT TECHNOLOGY MARKET, BY MEMBRANE SYSTEM
CHAPTER 6: WATER TREATMENT TECHNOLOGY MARKET, BY END-USE INDUSTRY
CHAPTER 7: WATER TREATMENT TECHNOLOGY MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Water Treatment Technology Market,' the water treatment technology market was valued at $168.0 billion in 2020, and is estimated to reach $265.9 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.Water treatment technology deals with the removal of impurities present in water during its use or storage and convert it into usable form. It includes several stages such as collection, screening & straining, chemical addition, coagulation & flocculation, sedimentation & clarification, filtration, disinfection, storage, and distribution. Water treatment technology is employed in several end-use sectors, including chemical, petrochemical, pulp & paper, food & beverage, healthcare, and others.
Water resources are depleting vigorously, which, in return, provides wide scope for the water treatment technology market to flourish. Stringent government regulations implemented on industrial and municipal waste water disposal using recycle and reuse procedures drive the growth of water treatment technology market. Furthermore, growth in population along with rise in urbanization and industrialization increased the demand for clean and potable water. Water treatment technology plays an important role in processing wastewater into potable and clean water. This may foster growth of the water treatment technology market during the forecast period.
However, water treatment equipment are relatively expensive and require proper training for their installation and operation. These factors hamper the market growth.
Technological advancements and increase in R&D activities surged the popularity of automated water treatment equipment in various end-use sectors. Moreover, the introduction of automation programs such as Industry 4.0 in water treatment sector led the consumers toward using automated water treatment technology equipment, owing to its properties, including higher efficiency, less manpower requirement, and operational flexibility. This factor is expected to provide lucrative growth opportunities for the water treatment technology market in the future.
The water treatment technology market is segmented on the basis of chemicals, membrane system, end-user industry, and region.
Depending on chemicals, the market is segregated into coagulants & flocculants, antifoam & defoamers, corrosion & scale inhibitors, activated carbon, biocides, and others. The coagulants & flocculants segment is projected to grow at a highest CAGR of 5.3% during the forecast period. This is attributed to the increase in establishments of water treatment plants in developed and developing countries, in which coagulants & flocculants are widely used for separation of suspended particles in any solution. Furthermore, coagulants & flocculants are among the most common chemical that finds application in every water treatment & wastewater treatment units. These aforementioned factors aids the development of coagulants & flocculants segment in the global market.
As per the membrane system, reverse osmosis segment dominated the global market in terms of revenue in 2020, with 44% of the total share. This is attributed to the increase in water scarcity. Change in government regulations, mandated treatment of industrial and municipal wastewater where reverse osmosis membrane is widely used for water treatment purposes. Moreover, the reverse osmosis membrane requires less space and maintenance compared to other water treatment membrane system. This made consumers use reverse osmosis membrane system for water treatment applications in various end-use sectors.
According to end-user industry, the market is fragmented into municipal water & wastewater, industrial, and others. The municipal water & wastewater segment dominated the global market, with X54.5% of the total share in 2020. This is attributed to increase in attempts to establish municipal water & wastewater treatment plants to provide safe, clean, and potable drinking water to population of developed and developing economies. For instance, according to a report published by the Central Pollution Control Board (CPCB),in 2019, the planning commission of the Government of India estimated that demand for water will rise from 710 billion cubic meters (BCM) in 2010 to 1180 BCM in 2050 with domestic and industrial water consumption expected to increase almost 2.5 times. This factor drive the growth of municipal water & wastewater segment in the global market.
Region-wise Asia-Pacific is projected to grow at highest CAGR during the forecast period and accounted for a major water treatment technology market share in 2020, owing to increase in applications of water treatment technology is sectors such as chemical, pulp & paper, oil & gas, healthcare, municipal, and textile. Moreover, increase in demand for water treatment technology in countries such as China, India, Japan, and Korea, due to different developing application attracted the key players to expand or enter in the region.
Key players operating in the global water treatment technology market include AECOM, Aquatech International LLC, Ashland Global Holdings Inc., BASF SE, BioMicrobics, Inc., DOW, DuPont, PepsiCo, the 3 M company, and The Coco-Cola Company.
COVID-19 analysis
The novel coronavirus is an incomparable global pandemic that spread to over 180 countries and caused huge losses of lives and the economy across the globe. COVID-19 pandemic negatively impacted the global water treatment technology market, owing to its dependence on chemical, petrochemical, pulp & paper, and municipal water & wastewater facilities. According to a report published by the National Bureau of Statistics of China, in April 2020, chemical industry witnessed 20% decline in production in March 2020 compared to March 2019, while profits declined by 66%. In addition, several chemical manufacturing companies either were shut down or halted,due to the risk of infections among the workforce where water treatment technology-based equipment are used for transporting & filtering large liquid masses. This temporarily hampered the demand for the water treatment technology market amid the COVID-19 period. In addition, the falling income of customers and international travel restrictions led to decrease in demand for water treatment technology among refining sectors. For instance, according to a report published by the U.S. Bureau of Labor Statistics, in April 2020, the demand for oil decreased by 3 million barrels per day during March 2020, owing to the lockdowns and transport restrictions. Also, around 100 countries have temporarily halted the trade of unnecessary products, which, in turn, hampered the demand-supply chain of water treatment technology equipment amid the COVID-19 situation.However, the demand for water treatment technology among sectors, including agriculture and food processing maintained the position of the water treatment technology market in both developed and developing countries during the COVID-19 situation. For instance, according to an article published by DownToEarth, in August 2020, the gross value added (GVA) by agriculture sectors in India grown by 3.4% during April-June 2020. Furthermore, healthcare sector experienced rapid expansion amid the COVID-19 situation, which, in turn, increased the need for fresh & sterile water for drug formulation and cleaning. This may enhance the performance of the water treatment technology market post pandemic.
Key findings of the Study
- The corrosion & scale inhibitors segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.0% from 2021 to 2030.
- The reverse osmosis segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.0% from 2021 to 2030.
- The municipal water & wastewater segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 4.9% from 2021 to 2030.
- North America garnered the highest share of 32.1% in 2020, in terms of revenue, growing at a CAGR of 4.9%.
Companies Mentioned
- AECOM
- Aquatech International LLC
- Ashland Global Holdings Inc.
- BASF SE
- BioMicrobics, Inc.
- DOW
- DuPont
- PepsiCo
- The 3M Company
- The Coca-Cola Company
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 210 |
| Published | March 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 168 billion |
| Forecasted Market Value ( USD | $ 265.9 billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
