The global industrial wastewater treatment service market is projected to reach USD 28.0 billion by 2024 from an estimated USD 20.8 billion in 2019, at a CAGR of 6.1% during the forecast period. This growth can be attributed to factors such as growth in water intensive industries such as pulp & paper and textile in the developing regions. The dyeing process in the textile industry is a major water intensive process, and it has a massive water requirement. Similarly, the requirement for treating the wastewater generated is expected to rise massively with the stringent environmental regulations across several nations.
The operation & process control segment, by service type, is expected to be the largest contributor to the industrial wastewater treatment service market during the forecast period.
The report segments the industrial wastewater treatment service market, by service type, into design & engineering consulting, building & installation, operation & process control, and others. The operation & process control segment is projected to hold the largest market share by 2024. With increasing industrialization, a huge emphasis is laid upon operation & process control. Minor tweaks in this segment affect the quality and quantity of industrial wastewater generated. The operations & process control services are mainly provided for the facility operation improvement and control of wastewater treatment plants. Major industrial customers outsource such services to dedicated wastewater treatment service providers. These types of services include, but are not limited to, laboratory testing, facility troubleshooting, routine maintenance, parameters monitoring, statistical process control, and report generation. The smooth functioning of unit operations, such as separation, floatation, settling, filtration, neutralization, absorption, adsorption, ion exchange, and chlorination, is ensured through proper monitoring. Thus, organizations are currently paying more heed to this critical segment.
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The pulp & paper segment is expected to be the fastest growing market during the forecast period.
The industrial wastewater treatment service market, by end-user, is segmented into power generation, oil & gas, chemical & pharmaceutical, metals & mining, pulp & paper, and others. The power generation segment is expected to hold the largest market share; however, the pulp & paper segment is expected to be the fastest growing market with developing nations expected to invest in water-intensive industries such as pulp & paper. Not only is the industry high on water consumption, but it also ejects a lot of wastewater that requires treatment. Organizations such as Asia Pulp & Paper (APP) recently celebrated the sixth anniversary of APP’s Forest Conservation Policy (FCP). For 6 years, the organization has been monitoring the FCP implementation and providing suggestions for improvement in the policy as well as its implementation. With NGOs’ intervention, APP made an additional commitment to conserve and restore 1 million hectare of ecosystems in Indonesia. The company is also planning a massive expansion on this front. It is because of such companies operating in Asia Pacific, the pulp & paper segment is expected to flourish in this region.
Asia Pacific is expected to be the largest market during the forecast period.
In this report, the industrial wastewater treatment service market has been analyzed with respect to 5 regions, namely, North America, Europe, South America, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to be the largest market from 2019 to 2024. Increasing industrialization is likely to be a key component driving the market in this region. The developing countries in this region are expected to give more thrust to the market in this region. Globally, the production of all major paper related products (industrial roundwood, sawnwood, pulp, and paper) has shown gradual recovery from 2012. The production of paper products in 2016 was comparatively higher than that in 2015 for all the product groups (with cardboard panels at 4% growth, industrial roundwood paper and sawnwood both at 3%, wood pulp at 2%, and paper at 0.5%). The fastest growth was in Asia Pacific, Northern America and Europe, due to positive economic growth in these regions.
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Key Market Players
The major players in the global industrial wastewater treatment service market are Veolia (France). SUEZ (France), Xylem (US), Thermax Group (India). Ecolab (USA), Pentair (UK), Evoqua Water Technologies (USA), WOG Group (USA), SWA Water Holdings (Australia), Aries Chemical (USA), Terrapure Environmental (Canada), and Golder Associates (Canada).
