The Global Chemical and Wastewater Treatment Market was valued at USD 38.7 billion in 2018 and is expected to reach USD 59.2 billion in 2026, growing at a CAGR of 5.6% by 2027.
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Water is widely used in various processes and industries. Wastewater arises from industrial wastes, rain runoff, groundwater infiltration, and human and home wastewaters. According to WHO, wastewater contains 99.9% of water by weight and 0.1% remains suspended or dissolved the material. The dissolved or suspended material consists of detergents, oils, plastics, sands, food leftovers, and grits. These solid materials remain undissolved in water, which causes cloudiness and is commonly known as total suspended solids (TSS). The chemical and wastewater treatment is required to decrease the TSS levels as per the end-user requirement.
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Following Top Key players are profiled in this Market Study:
Suez (France), SNF Floerger (France), Feralco Group (Sweden), Hydrite Chemical Co. (US), Aries Chemical (US), Ecolab (US), Kemira OYJ (Finland), Solenis (US), IXOM (Australia), and Kurita Water Industries Ltd. (Japan) among others
By End-use Industry: Power Generation, Oil & Gas, Chemical, Food & Beverage, Mining, Others
Based on end-use industry, the power generation segment is expected to lead during the forecast period.
Based on the end-use industry, the market has been segmented into power generation, oil & gas, chemical, food & beverage, mining, and others. In 2018, the power generation segment is accounted for the largest share in the market and held for around 28% of the total market owing to growth in urbanization and population along with changing lifestyle have resulted in increasing per capita power consumption. Moreover, the zero liquid discharge (ZLD) mandate in the power generation industry plays a major role in enhancing wastewater treatment chemical consumption in this industry.
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Middle East Africa
North America accounted for nearly 39% share of the global chemical and wastewater treatment market in 2018 and is expected to dominate the market throughout the forecast period followed by Europe and Asia-Pacific. Stringent government regulations in the North America region are one of the key factors driving the consumption of chemical and wastewater treatment in this region. Moreover, the growth of industrial infrastructure and huge demand for industrial wastewater treatment in key countries such as the US and Canada are also propelling the growth of chemical and wastewater treatment in the North America region. Moreover, Asia-Pacific accounted for the highest CAGR in the global chemical and wastewater treatment market during the forecast period.
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