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Process Water Treatment Market Expected to Reach $520.4 Billion by 2030-Allied Market Research

 
2022
Process Water Treatment Market

Report Code : A15544

quote Growth in demand from industrial & municipal water treatment, rise in investment in the industrial sector and growth in environmental concern are the major factors driving the global process water treatment market. Currently, power generation is the leading consumer of water treatment chemicals among all industries. The utilization of water treatment chemicals has increased, owing to water scarcity in several regions, stringent governmental regulations regarding wastewater discharge, and need for water treatment & its reuse. The consumption of process water treatment is highest in the Asia-Pacific region due to increase in per capita consumption and rapid industrialization in this region. quote

Eswara Prasad
Manager, Materials & Chemicals at Allied Market Research

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According to a new report published by Allied Market Research titled, Process Water Treatment Market by technology, manufacturing process, application, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

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.

Process water refers to water used for producing a product or product content or water used for R&D, including, but not limited to, continuous manufacturing processes, water used for testing and maintaining equipment used in producing a product or product content, and water used in combined heat and power facilities.

Process water is an important component in multiple manufacturing processes from use as an ingredient to cleaning and rinsing. With large volumes of water being used on a daily basis, having the right water quality is essential for ensuring efficient operation and maximum uptime. Increase in demand for clean water for municipal/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. However, presence of alternative water treatment technologies such as membrane processes, UV irradiation, & others and disadvantages of chemicals in water treatment are expected to hamper the growth of the market in the upcoming 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.

The global process water treatment market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2020–2030. The report includes the study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth. 

Key Findings Of The Study:

  • On the basis of technology, the others segment emerged as the global leader with around 43.8% of the global market share in 2020, and is anticipated to be the largest markets during the forecast period.
  • On the basis of manufacturing process, the others segment emerged as the global leader by acquiring with around 28.8% of the global market share in 2020, and is anticipated to be the largest market during the forecast period.
  • On the basis of application, the industrial segment registered the highest market share of around 44.2% and is projected to maintain the same during the forecast period.
  • On the basis of region, Asia-Pacific registered the highest market share of around 32.2% and is projected to maintain the same during the forecast period.

Impact Of Covid-19 On The Process Water Treatment Market

  • The outbreak of the COVID-19 pandemic has had an adverse impact on the global economy as governments globally were forced to implement lockdowns to prevent the spread of the virus. As a result, the operations of water treatment plants and systems were hampered. The immediate impact of the COVID-19 pandemic was that the demand for domestic water increased while the demand for non-domestic (industrial, institutional, and commercial) water declined in most municipalities worldwide. The primary challenge faced by the players in the water treatment sector was to ensure operational continuity to minimize the impact on the water delivery for municipal applications. The objective of the desalination plant operators was to secure a reliable water supply to local communities and municipalities during the pandemic.
  • 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.
  • There will be somewhat steady and sluggish growth in the water treatment market, owing to the corona or COVID-19 pandemic across the globe for the year 2020. This is attributed to complete ban on manufacturing and production operations in many countries. We can take precautions through personal hygiene and sanitization, which demands clean and plenty of water. This increase in demand for water access, hygiene, clean water, and others helps in stabilizing the water treatment market growth in this pandemic period. Proper operation and excellence of water utilities is needed in case of handling disasters and emergencies in the best possible way.
  • There is effect on the supply chain due to regulations on the import & export of the chemicals and raw materials. Thus, the shortage in the raw materials resulted in the production of water treatment chemicals and hence, affects the market growth. Moreover, shutting down of the production, manufacturing, oil & gas, and operations in the industries impacted the growth of the process water treatment market in 2020. According to the American Water Works Association (AWWA) member survey, there is impact of corona on the field operations, interruptions of treatment chemical supply chains, and others.
 

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quote Process Water Treatment Market by Technology (Activated Carbon Filters, Chlorination, Distillation, Electrodeionization, Ion Exchange, Microfiltration, Nanofiltration, Reverse Osmosis, Ultrafiltration, and Others), Manufacturing Process (Boiler Make-Up Water, Cooling Tower Make-Up Water, Coating & Plating, Rinsing & Spraying, Washing, and Others), and Application (Municipal, Industrial and Others): Global Opportunity Analysis and Industry Forecast 2021–2030 quote

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