The industrial wastewater treatment market size is estimated at USD 11.3 billion in 2019 and is projected to reach USD 15.0 billion by 2024, at a CAGR of 5.8%. Stringent regulations pertaining to emission and treatment of industrial waste and depleting global freshwater resources are driving the market. The rise in the global pollution level has increased the risk of adverse effects on the environment. Hence, various emission control acts and regulations have been legislated across most of the countries worldwide to control the level of pollution as well as to ensure that the disposed waste is less harmful to the environment. Such mandates have increased the demand for industrial waste treatment.
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The key players in the industrial wastewater treatment market include Ecolab (US), Suez (France), Kemira OYJ (Finland), SNF Floerger (France), Solenis (US), Feralco Group (Sweden), IXOM (Australia), Hydrite Chemical Co. (US), Kurita Water Industries Ltd. (Japan), and Aries Chemical (US). The industrial wastewater treatment market report analyzes the key growth strategies adopted by the leading market players between 2013 and 2018. These strategies include investment & expansion, merger & acquisition, and new product launch.
Solenis has adopted investment & expansion as one of its key business strategies to strengthen its position in the global industrial wastewater treatment market. For instance, in May 2018, Solenis inaugurated a manufacturing plant for functional and process chemicals at Zhuhai, China. This investment will strengthen its position in the APAC region and help meet the growing demand with a wide range of innovative products.
Kemira has adopted merger & acquisition, investment & expansion, and new product launch as its key business strategies. For instance, in April 2017, Kemira launched Superfloc XD-7600, a new high-performance cationic flocculant. It is specifically developed for sludge dewatering applications. It is effective at low dosage levels and can significantly improve cake solids and filtrate quality compared to conventional cationic polymers.
Critical questions the report answers:
• Are there any upcoming hot bets for the industrial wastewater treatment market?
• How are the market dynamics for different types of industrial wastewater treatment?
• What are the upcoming opportunities for different types of industrial wastewater treatment in emerging economies?
• What are the significant trends in end-use industries influencing the industrial wastewater treatment market?
• Who are the major manufacturers of industrial wastewater treatment?
• What are the factors governing the industrial wastewater treatment market in each region?
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