Water and Wastewater Treatment Market Size, Share, Growth, and Industry Growth by Material (pH, Adjusters & Softeners, Flocculants & Coagulants, Corrosion Inhibitors, Scale Inhinitors/Dispersants, Biocides & Disinfectants, and Other) By Application (Papermaking Waste Water Treatment, Industrial Water Treatment, Drinking Water Treatment, Cooling Water Treatment, and Other), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Water and Wastewater Treatment Market REPORT OVERVIEW

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The global water and wastewater treatment market size was USD 47350 million in 2022 and market is projected to touch USD 70978.5 million by 2031, exhibiting a compound annual growth rate (CAGR) of 4.6% during the forecast period.

Water treatment technology is classified into three general areas such as chemical methods, physical methods, and energy-intensive methods. The technology is used to remove or separate contaminants from water. 

Water is a basic necessity for living creatures, and demand for clean & safe water consumption is anticipated to surge market growth. Water is used for drinking, cleaning, and other purposes. Today, massive crisis for freshwater. The availability of fresh water is only 1% on the earth. Further, increased government regulations coupled with growing competition among key players to improve wastewater treatment service networks. Increased innovation to develop advanced and effective treatment technologies and the rising adoption of AI & nanotechnology is estimated to drive market growth. However, the complexity of operation does intense labor work, which directly increased operational costs and raises competition, reducing margins and heavy investments in building manufacturing plants. These factors are anticipated to hamper the market growth in the forthcoming years.

COVID-19 Impact: Travel Restriction and Lower Demand for Water Treatment to Impede Market Progress

The shutdown of industrial sectors and travel restrictions during the pandemic period to hamper market growth. Lower demand for water utilities impedes the market growth. Closure of manufacturing units obstructs market performance. Also, the market witnessed a slowdown in investment coupled with economic crises. A decline in demand for water treatment among end-user sectors to reduce market progress.

LATEST TRENDS

"Rise in Environmental Regulations to Boost Technology Adoption "

Increasing environmental awareness and growing government regulation are expected to boost technology adoption. Strict rules to reduce global warming and protect biodiversity are estimated to surge market progress. Increased government regulations coupled with growing competition among key players to improve wastewater treatment service networks. Increased innovation to develop advanced and effective treatment technologies and growing adoption of AI & nanotechnology is estimated to drive market growth. Increased need to remove waste water to control pollution such as air and water pollution. Stringent laws for safe and clean drinking water are predicted to drive water and wastewater treatment market growth in the forecast period.

Water and Wastewater Treatment Market SEGMENTATION

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• By Type

Based on type, the market is divided into pH, corrosion inhibitors, adjusters and softeners, flocculants and coagulants, scale inhinitors/dispersants, biocides and

disinfectants, and other.

Flocculants and  coagulants are expected to be the leading part of the segmentation type.

• By Application

Based on the application, the market is divided into papermaking waste water treatment, industrial water treatment, drinking water treatment, cooling water treatment, and other.

Drinking water treatment is expected to be the leading part of application segmentation.

DRIVING FACTORS

"Increased Demand for Water in Agricultural Sector to Surge Market Growth "

An increase in demand for water in the agricultural sector coupled with a high need to cultivate crops is predicted to propel market growth. Further, an increase in swimming pools and adventure water parks is anticipated to accelerate market growth. The market growth is attributed due to advancement in technologies and the high spending capacity of the population. An increase in population and rapid urbanization is projected to foster market growth. The increased need for improved water quality and better sanitation services is estimated to drive market growth in the forthcoming years. A high need for advanced treatment solutions is projected to boost product demand.

"Growing Need for the Technology among End-User to Drive Market Progress"

The rise in technology adoption in the food, power & generation, pulp & paper sectors is anticipated to propel market growth. A rise in disposable income coupled with increasing standards of living is projected to propel market performance. Growing demand for clean water associated with infrastructure expansion is estimated to promote market growth. Today, population demand for fresh and processed water is anticipated to fuel water and wastewater treatment market growth in the forthcoming years.

RESTRAINING FACTORS

"Increased Operation Cost and Heavy Investment to Hamper Market Growth "

The complexity of operation does intense labor work, which directly increases operational costs and rise in competition, reducing margins and heavy investments to build manufacturing plants. These factors are anticipated to hamper market growth in the forthcoming years.

Water and Wastewater Treatment Market REGIONAL INSIGHTS

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"Increased Demand for Treated Water in Industrial Sector to Drive Market Share in North America "

North America is expected to dominate water and wastewater treatment market share due to increased demand for treated water pharmaceutical and beverages sectors. Heavy need for power generation support in industrial sector coupled with growing competition among key players to improve wastewater treatment service networks. Increased innovation to develop advance and effective treatment technologies and growing adoption of AI & nanotechnology is estimated to drive market growth.

Asia Pacific is anticipated to witness significant market growth due to large-scale investment by India, China, and Southeast Asia to improve water quality. Growing environmental concern coupled with an increased focus on developing sludge process-based treatment is projected to expand market growth in the forthcoming years.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New 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 Market Players Profiled

• Kemira (Finland)
• BASF (Germany)
• Ecolab (U.S.)
• Suez (GE) (France)
• Solenis (U.S.)
• DuPont (U.S.)
• Akzo Nobel (Netherlands)
• SNF Group (France)
• Shandong Taihe (China)
• Feralco Group (U.K.)
• BWA Water Additives (U.K.)
• Aditya Birla Chemicals (India)
• Solvay (Belgium)

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.