Report Code: A15544 | Pages: 260 | Jan 2022 | 5655 Views | ||
Author(s) : Snehal M, Pratik M , Eswara P | Tables: 142 | Charts: 76 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Process Water Treatment Market
Request Now !The global process water treatment market size was valued at $263.1 billion in 2020, and is projected to reach $520.4 billion by 2030, growing at a CAGR of 7.0% from 2020 to 2030.
The COVID-19 outbreak has reduced the water industry's investment rates. Because many companies have halted or postponed their usual production activities, investment rates have dropped, and the production department is experiencing a decline, the water treatment industries have suffered a significant setback.
Process water is water that is used for a variety of manufacturing processes, including boiler make-up water, cooling tower make-up water, coating and plating, rinsing and spraying, washing and many others. Municipal or ground water supplies often contain dissolved minerals that can cause a multitude of problems to affect product quality and manufacturing costs.
Increase in demand for clean water for municipal and industrial purposes, stringent regulations associated with the waste water discharge, and rapid growth & investment in the industrial sector are the key factors expected to propel the growth of the process water treatment market during the forecast period. In addition, substantial growth in the usage of water in several industrial sectors such as oil & gas, pharmaceuticals, and chemicals is estimated to drive the growth of the market. The primary factor boosting the demand for effective industrial wastewater treatment is increasing environmental concerns coupled with stringent government regulation regarding industrial wastewater. In addition, increasing industrialization and urbanization, declining freshwater resources, increasing energy demand across the globe, rising focus on water quality and public health, increasing prevalence of water-borne diseases, rising industrial demand, and stringent governmental regulations on treating industrial wastewater are the key factors driving the growth of the industrial wastewater treatment market. The growing focus on industrial wastewater treatment in countries such as the U.S., China, and India provides significant growth opportunities for market players in the coming years.
The global process water treatment market is segmented on the basis of technology, manufacturing process, application, and region. Depending on technology, the market is categorized into activated carbon filters, chlorination, distillation, electrodeionization, ion exchange, microfiltration, nanofiltration, reverse osmosis, ultrafiltration, and others. On the basis of manufacturing process, it is divided into boiler make-up water, cooling tower make-up water, coating and plating, rinsing and spraying, washing, and others. On the basis of application, it is classified into municipal, industrial and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global process water treatment market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Advantage engineering, Inc., BWT, DuPont, Evoqua water technologies LLC, Lenntech B.V., Pentair Plc., Samco technologies, Inc., Spirax sarco limited, SUEZ, Water professionals, and Yasin Porozheh Company.
By technology, the others segment dominated the global process water treatment market in 2020, and is projected to remain the fastest-growing segment during the forecast period.
By manufacturing process, the others segment accounted for the highest market share of around 26.8% in 2020, and is projected to maintain the same during the forecast period.
By application, the industrial segment accounted for around 44.2% of the global process water treatment market share in 2020. Increase in number of industries utilize large amount of water in manufacturing processes and this rise in water usage generates the need for process water treatment.
By region, Asia-Pacific is projected to be the fastest growing market, driven by rising standards of industrial water quality, adoption of complex manufacturing processes, and strong economic growth, resulting in greater municipal and industrial spending in water treatment efforts.
Key Benefits For Stakeholders
Impact Of Covid-19 On The Process Water Treatment Market
Process Water Treatment Market Report Highlights
Aspects | Details |
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By TECHNOLOGY |
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By MANUFACTURING PROCESS |
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By APPLICATION |
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By Region |
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Key Market Players | EVOQUA WATER TECHNOLOGIES LLC, DUPONT, BWT, LENNTECH, ADVANTAGE ENGINEERING, INC., WATER PROFESSIONALS, SAMCO TECHNOLOGIES, INC., SUEZ, SPIRAX SARCO LIMITED, PENTAIR, YASIN PAJOOH COMPANY |
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According to the opinions of various CXOs of leading companies, the process water treatment market is driven by rapidly expanding industrialization sector, and awareness about environmental sustainability. Moreover, the Asia-Pacific region is projected to register a robust growth, significantly from the emerging economies such as China, India, and Indonesia, as they have huge potential with regards to the adoption of process water treatment due to growing population and supportive policies that are aimed at treatment of wastewater. However, high equipment cost is expected to hamper the process water treatment market.
A. The demand for process water treatment has gradually increased as these technologies are widely used in the pharmaceutical, oil & gas, drinking water, wastewater, and many other industries.
A. The global process water treatment market was valued at $520.4 billion in 2030
A. Advantage engineering, Inc., BWT, DuPont, Evoqua Water Technologies LLC, Lenntech B.V., Pentair plc., Samco technologies, Inc., Spirax Sarco Limited, SUEZ, Water Professionals are the top players in process water treatment market.
A. Industrial and municipal is projected to increase the demand for process water treatment market
A. Technology, manufacturing process, application segments are covered in bromine derivatives market report
A. Process water is used as rinse water for cleaning products or installations, cooling water for cooling installations, and as product water for drinks and food.
A. Industrial is the major application which is expected to drive the adoption of process water treatment.
A. The COVID-19 outbreak has reduced the water industry's investment rates. Because many companies have halted or postponed their usual production activities, investment rates have dropped, and the production department is experiencing a decline, the water treatment industries have suffered a significant setback.
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