Advanced Oxidation Technologies Market Size, Share, Growth, and Industry Analysis, By Type (Wet Oxidation, Ozone, Photolysis Oxidation, Hydrogen Peroxide and Others), By Application (Soil Remediation, Industrial and Hazardous Waste Treatment, Purification and Others), Regional Insights, and Forecast to 2031

Updated On: 20 November 2023

ADVANCED OXIDATION TECHNOLOGIES MARKET REPORT OVERVIEW

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The global advanced oxidation technologies market size was USD 4606 million in 2021 and is projected to touch USD 7389.5 million by 2031, at CAGR of 4.5%.

The global COVID-19 pandemic has been unprecedented and staggering, with advanced oxidation technologies experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

Utilizing potent oxidising intermediates that can oxidise and degrade predominantly organic materials is a key component of advanced oxidation technologies (AOTs). Contaminants from tainted water and air. The reason the chemical reactions involved are almost identical to those that would take place if these contaminants were exposed in a natural environment is why the word "advanced" is employed. Advanced oxidation technology can oxidise a variety of pollutants, including those that are difficult to remove using other cutting-edge methods. Most commercially successful AOTs produce OH radicals through either photochemical or ozone mechanisms. Despite the fact that traditional ozone treatment depends on oxidation, ozone treatment by itself is not regarded as an AOT. Ozone-based AOTs would entail using ozone in conjunction with UV light or hydrogen peroxide to generate radicals of hydroxyl.

In addition to completely mineralizing the pollutants and their by-products when given enough time, treatment with AOTs results in the annihilation of the target pollutants that are vulnerable to oxidation. However, as the AOT reaction's intermediate products are frequently harmless and/or easily biodegradable with biological treatment, it is typically neither essential nor cost-effective to treat for complete mineralization. Many source waters can be treated using AOTs to oxidise pollutants. AOTs do, however, offer effective treatment and are more affordable than alternative treatment technologies in three main applications.

Regulated or uncontrolled contaminants that can be properly treated by AOTs may have an impact on water treatment at various utilities. The USEPA has determined maximum contamination levels (MCLs) for a variety of contaminants as part of the Safe Drinking Water Act. While some of these contaminants are challenging to remove using traditional techniques, AOTs can be used to treat them successfully. Compliance is dependent on maintaining concentrations below the MCL based on the specified monitoring frequency for AOT applications that target regulated pollutants.

Therefore, as long as concentrations are kept below the MCL, the utility has flexibility in the design and operation of the AOT facility. There is no USEPA-mandated monitoring or reporting requirements for AOTs that target uncontrolled pollutants, and the system design and operation of the AOT facility as long as concentrations are maintained below the MCL. For AOTs targeting unregulated contaminants, there is no USEPA required monitoring or reporting, and the system design and operation would then be based on utility preferences and any requirements of thegoverning agency.

COVID-19 Impact: Disruption of Supply Chain to Impede Market Growth

The pandemic had increased the degree of emotional stress among the employees to a disruptive level. Therefore, there was a pressing need for careful, unambiguous, straightforward communications. Physical separation, the elimination of unnecessary operations, and limited interaction are crucial for protecting human health, but they also present serious problems for these businesses' ability to continue serving their clients and exceeding their expectations. The pandemic disturbed core chain structure, engineering process, raw materials and suppliers of the advanced oxidation technologies market.

LATEST TRENDS

"Growing Demand for Energy Efficient Water Treatment Technologies to Boost Market Growth"

Reusing and recycling wastewater is becoming more popular. Membranes can remove the majority of wastewater contaminants from secondary effluents; nevertheless, many micropollutants cannot be entirely eliminated by such treatments. AOTs can offer a broad treatment barrier for these contaminants in recycled water applications, especially if the water is indirectly or directly enhancing potable water supplies. Recycled water applications can also have a variety of contaminants that are not typically found in most drinking water applications.

ADVANCED OXIDATION TECHNOLOGIES MARKET SEGMENTATION

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• By Type

Based on type; the market is divided into wet oxidation, ozone, photolysis oxidation, hydrogen peroxide and others.

In terms of product, hydrogen peroxide is the largest segment.

• By Application

Based on application; the market is divided into soil remediation, industrial and hazardous waste treatment, purification and others.

In terms of application, industrial and hazardous waste treatment is the largest segment.

DRIVING FACTORS

"Increased Industrial Water Consumption and Discharge to Propel Market Expansion"

The largest stresses on natural systems are caused by the consumptive uses of freshwater in agriculture, industry, and home use, both in terms of quantity and quality. Industry and energy are the next two biggest consumers of water for growth after agriculture, and they are changing how people utilise water in emerging market economies. This is why water treatment has become essential for preserving our water bodies and a major factor for advanced oxidation technologies market growth.

"Growing Incidence of Water-Borne Illnesses to Promote Market Growth"

Water-borne illnesses are more likely to occur as a result of climate change. According to the World Health Organization, the number one cause of disease and death worldwide is due to water-borne infections, which claim the lives of millions of people annually. These diseases are caused by pathogens, which can be viruses, bacteria, or protozoa—all of which are imperceptible to the human sight. Many contaminants, particularly those that are challenging to remove using other cutting-edge techniques, can be oxidised by advanced oxidation technologies. The majority of commercially viable AOTs either use ozone or photochemical methods to create OH radicals.

RESTRAINING FACTORS

"High Maintenance of the Technology to Hamper Market Growth"

Advanced oxidation technologies can be pricey to invest in, operate, and maintain annually. Breakage of UV lamps offers a potential mercury threat because mercury lamps are typically used in UV reactors. Without pricey power conditioning devices, system effectiveness could be hindered by power outages. Unless the water is routed to the influent of AOT process or waste, some water may not be treated as a result. These elements make the process expensive as a whole and work to limit growth of advanced oxidation technologies market.

ADVANCED OXIDATION TECHNOLOGIES MARKET REGIONAL INSIGHTS

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"North America to Dominate the Market Due to Rising Awareness About Water Pollution."

North America holds the largest proportion of advanced oxidation technologies market share, due to growing regional and worldwide environmental concerns. To raise awareness of industrial discharge and water pollution, the area regularly hosts a number of programmes. Another reason why North America is ahead of other regions is the growing interest in the research and development of wastewater treatment technologies.

KEY INDUSTRY PLAYERS

"Application of New Approaches to Promote Market Growth"

The competitive landscape evolves over time and includes advanced oxidation technologies market participants, innovations, and strategies. To improve their position in the industry, firms are concentrating on adopting inorganic growth techniques including partnerships and agreements. Information on competitors' access to cutting-edge technology that can redefine their offerings is provided by the research. Based on market data provided by the top companies, the report offers analysis. Other factors taken into account for this market are the companies that develop and provide new products, the regions in which they operate, automation, technology adoption, creating the most income, and using their products to make a difference.

List of Market Players Profiled

• SUEZ (France)
• Xylem (U.S.)
• ULTURA Inc (U.S.)
• KWR (Netherlands)
• Lenntec (Netherlands)
• Trussell Technologies (U.S.)
• Esco International (U.S.)
• Aquarius Technologies (U.S.)
• AST Clean Water Technologies (Israel)

REPORT COVERAGE

The research includes a thorough analysis of the market for advanced oxidation technologies by carefully examining the main divisions. In order to assist businesses in effectively launching their products & services, it also examines the industry supply chain, identifying the distribution channels, downstream clients, and well-known upstream suppliers. The publication offers current details on recent mergers, acquisitions, and growth strategies. The study of several aspects that foster the market's expansion is included in the research report. It consists of patterns, barriers, and forces that alter the market either favourably or unfavourably.