The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Industrial Wastewater Treatment Market. 

It was estimated prior to this unanticipated outbreak Industrial Wastewater Treatment Market will reach CAGR of 6.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Industrial Wastewater Treatment Market Insights

Industrial wastewater treatment market is likely to witness an impressive CAGR of 6.5% during the forecast period. The key factors that are underpinning the demand for industrial wastewater treatments are majorly the growing industrialization and urbanization in the market and the increasing requirement of safe working environment in the industrial facilities.

Market Share Analysis

Industrial Wastewater Treatment Market Share: By Type

Based on the type, the industrial wastewater treatment market is segmented as coagulants, flocculants, corrosion inhibitors, scale inhibitors, biocides & disinfectants, chelating agents, anti-foaming agents, ph stabilizers, and others. The biocides & disinfectants segment held the largest share of the market in 2019, due to its high requirement in different applications of all the major end-use industries. Biocides have the ability to neutralize disease which causes microbes. Further, the increasing environmental regulations have propelled the demand for biocides and disinfectants in the industrial wastewater treatment chemical market.

Industrial Wastewater Treatment Market Share: By End-Use Industry Type

Based on the end-use industry type, the market is segmented as power generation, oil & gas, mining, chemical, food & beverage, and others. The power generation segment is estimated to be the largest as well as the fastest-growing segment, as clean water is an essential component for electricity generation. Further, the rapid growth in the population and urbanization, which increases the per capita power consumption is propelling the growth during the forecast period. Moreover, the zero-liquid discharge (ZLD) mandate in the power generation industry plays a major role in increasing the wastewater treatment chemical consumption in this industry.

Industrial Wastewater Treatment Market Share: By Region

In terms of regions, North America is estimated to be the largest industrial wastewater treatment market, whereas Asia-Pacific is estimated to be the fastest-growing market during the forecast period, with lucrative growth opportunities. The growth of the market is driven by the increasing demand for industrial wastewater treatment in the USA and Canada, and the stringent water purification regulations drive the consumption of wastewater treatment chemicals in these countries. Asia Pacific and Europe are also expected to offer considerable growth opportunities during the forecast period.