Industrial Wastewater Treatment Market | Key players: Key players operating in the industrial wastewater treatment market include Ecolab, Suez, Kemira OYJ, SNF Floerger, Solenis, Feralco Group, IXOM, Hydrite Chemical Co., Kurita Water Industries Ltd., and

According to recent market research "Industrial Wastewater Treatment Market by Type (Coagulants, Flocculants, Biocides & Disinfectants), End-Use Industry (Power Generation, Mining, Chemical) and Region (APAC, Europe, North America, MEA, South America) - Global Forecast to 2024", is expected to grow from USD 11.3 billion in 2019 to USD 15.0 billion by 2024, at a CAGR of 5.8%. The major factors driving the industrial wastewater treatment market include depleting freshwater resources and stringent regulations pertaining to emission and treatment of industrial waste.

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The industrial wastewater treatment market size is estimated to be 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.

Developing and developed countries are major business destinations for water treatment chemicals manufacturers. The manufacturing sector is a major contributor to the gross domestic product (GDP) of these countries. Moreover, the governments of the developing countries such as India and China are facilitating plant setups and financial support for new entrepreneurs to start their ventures. The increase in the number of manufacturing setups is driving the industrial wastewater treatment market due to stringent regulations for treating industrial wastewater. The key players in the industrial wastewater treatment market are also tapping these opportunities. For instance, in May 2018, Solenis inaugurated a manufacturing plant for functional and process chemicals at Zhuhai, China to strengthen its position in the APAC region. In May 2017, Kurita established an R&D center in Singapore. This investment has strengthened the company’s global R&D system and helped develop new technologies for desalination and recycling of wastewater.

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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%. The stringent environmental regulations pertaining to emission and treatment of industrial waste and depleting freshwater resources are driving the demand for industrial wastewater treatment during the forecast period.

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.

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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.

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