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Pharmacy benefit management market
Arsenic Removal Market Report Overview
The global arsenic removal market size was USD 684.8 million in 2021 and is projected to touch USD 1192.51 million by 2031, exhibiting a CAGR of 5.7% during the forecast period.
Arsenic removal is the process of removing the solution from water. It is followed by filtration with metal salts and lime. The process follows three mechanisms such as precipitation, co-precipitation, and adsorption. It is a toxic metalloid that is extensively distributed in nature.
Growing demand for water treatment globally is estimated to fuel market growth. Increasing demand for the product in the water filtration industry is anticipated to accelerate market expansion. Growing need for removing arsenic from drinking water is expected to fuel market growth. Growing government initiatives for safe drinking water are anticipated to accelerate market growth during the forecast period. Increasing need to remove micro-particles and negatively charged ions is anticipated to boost product adoption. Increasing disposable income among consumers is predicted to surge arsenic removal market development in the forthcoming years.
COVID-19 Impact: Closure of Filtration Activities to Reduce Product Demand
The global COVID-19 pandemic has been unprecedented and staggering, with commutator experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
COVID-19 pandemic impacted market growth. Closure of end-user industries due to lockdown restriction declined product demand. The market witnessed a halt in filtration activities due to insufficiently trained workers. Lower adoption of water treatment during pandemic hampered market expansion.
On the contract, increasing demand for safe water to reduce the spreading of diseases is estimated to accelerate arsenic removal market growth.
LATEST TRENDS
"Increasing Demand for Water Treatment to Foster Market Progress"
Increasing demand for water treatment is expected to fuel market growth. Higher adoption of drinking water system globally is predicted to accelerate market growth. The device has properties of the insoluble metal hydroxide is anticipated to accelerate market development. Growing demand for safely stored water is predicted to fuel market growth. Increasing adoption of the device in residential or non-residential areas is estimated to accelerate market growth during the forecast period. The technique is ideal for water with Mg and Fe content. Such advantages are estimated to accelerate market growth. The device is compact and automatic, predicted to propel market growth in the forthcoming years. Increasing need for arsenic level testing is anticipated to fuel market growth.
Arsenic Removal Market Segmentation
- By Type
Based on type, the market is divided into precipitative process, adsorptive process, ion exchange process, membrane process, and others.
Precipitative process is expected to be the leading part of segmentation type.
- By Application
Based on the application, the market is divided into, drinking water treatment, industry water treatment, and others.
Drinking water treatment is expected to be the leading part of application segmentation.
DRIVING FACTORS
"Rising Health Awareness among People to Incite Market Development"
Increasing health and fitness awareness among people is anticipated to accelerate market growth. Rising need to improve the water supply chain is anticipated to accelerate market growth. Growing need for professional method to remove arsenic is predicted to surge market growth. Growing awareness about benefits of drinking water is anticipated to fuel market expansion. Presence of arsenic can lead to diabetes, cancer, and circulatory disorders, which is estimated to fuel market growth. Increasing demand for healthier water to drink, cook, and bathe is projected to drive market expansion. Growing need to reverse osmosis will remove several impurities from the water is predicted to accelerate market growth. Increasing installation of the in-house device system is anticipated to propel arsenic removal market growth during the forecast period.
"Increasing Government Initiatives to Stimulate Market Development"
Growing government initiatives for safe water are anticipated to expand market growth. Increasing need to supply safe water among consumers is predicted to accelerate market growth. Rapid industrialization and urbanization are predicted to accelerate market growth. The device can be operated without electricity which is anticipated to propel market growth. It is simple and rapid, which is predicted to propel arsenic removal market expansion. The device requires no specific waste disposal. Such advantages of the material are predicted to fuel market growth. Easy availability of raw materials to perform the technique is anticipated to surge product demand. The product is lightweight, exhaust and common glassware’s. Such benefits of the device are estimated to drive market growth during the forecast period. In addition, the process requires only one skilled worker who is anticipated to boost product demand.
RESTRAINING FACTORS
"Requirement for Trained Operation to Reduce Market Growth "
The progress required for trained operation is estimated to hamper market growth. High cost associated with device is anticipated to hinder market arsenic removal expansion. High capital investment and complicated operation are predicted to restrict market growth during the forecast period.
Arsenic Removal Market Regional Insights
"Increasing Population in Asia Pacific to Drive Market Share "
Asia Pacific is estimated to account largest arsenic removal market share due to growing population. Increasing demand for healthy and safe water in the region is expected to accelerate market growth. Government initiatives to remove arsenic is predicted to fuel market growth. Increasing need to remove micro-particles and negatively charged ions is anticipated to boost product adoption. Consumer disposable income is predicted to surge in market development in the forthcoming years.
KEY INDUSTRY PLAYERS
"Leading Players Adopt Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
LIST OF TOP ARSENIC REMOVAL COMPANIES
- Lenntech (Netherlands)
- Severn Trent Service (U.K.)
- Tonka Water (U.S.)
- AdEdge Water Technologies (U.S.)
- Layne (U.S.)
- RWL Water (U.S.)
- Blue Water Technologies (U.S.)
- Outotec (Finland)
- BioteQ Environmental Technologies (Canada)
- Everfilt (U.S.)
- Harbauer (India)
- Hungerford Terry (U.S.)
- Culligan (U.S.)
- P2W (India)
- Kinetico Water Systems (U.S.)
- HIDROFILT (India)
- Membrane Group (India)
- Kent (India)
- Water Systems India (India)
- Matrix Eco Solution (India)
- Doctor Water (India)
- Zeolite (India)
- Yadong Bio Equipment
- Beijing Zhongke (China)
- Tianyi Force (China)
- Jiangsu Yongguan (China)
- Beijing Ruda Shiji (China)
- Well Sun Group (Netherlands)
- Inike (U.S.)
- Economy Water
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 684.8 Million in 2021 |
Market Size Value By |
US$ 1192.51 Million by 2031 |
Growth Rate |
CAGR of 5.7% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type & Application |
Frequently Asked Questions
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What value is the arsenic removal market expected to touch by 2031?
The global arsenic removal market is expected to reach USD 1192.51 million by 2031.
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What CAGR is the arsenic removal market expected to exhibit by 2031?
The arsenic removal market is expected to exhibit a CAGR of 5.7% by 2031.
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Which are the driving factors of the arsenic removal market?
Drivers of this arsenic removal market are rising health awareness among people and increasing government initiatives.
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Which are the top companies operating in the arsenic removal market?
Lenntech, Severn Trent Service, Tonka Water, AdEdge Water Technologies, Layne, RWL Water, Blue Water Technologies, Outotec, BioteQ Environmental Technologies, Everfilt, Harbauer, Hungerford Terry, Culligan, P2W, Kinetico Water Systems, HIDROFILT, Membrane Group, EconomyWater, Kent, Water Systems India, Matrix Eco Solution, Doctor Water, Zeolite, Yadong Bio Equipment, Beijing Zhongke, Tianyi Force, Jiangsu Yongguan, Beijing Ruda Shiji, Well Sun Group, and Inike are the top companies operating in the arsenic removal market.