Water Treatment Technology Market to Garner $265.9 Billion, Globally, By 2030 at 4.8% CAGR, Says Allied Market Research

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Apr 12, 2022, 09:20 ET

Rise in population and industrialization and lack of freshwater resources and water scarcity problems have boosted the growth of the global water treatment technology market.

PORTLAND, Ore, April 12, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Water Treatment Technology Market by Chemicals (Coagulants And Flocculants, Antifoams And Defoamers, Corrosion And Scale Inhibitors, Activated Carbon, Biocides, Others), by Membrane System (Reverse Osmosis, Ultrafiltration, Microfiltration, Electrodialysis, Gas Separation, Others), by End-Use Industry (Municipal, Industrial, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030" As per the report, the water treatment technology industry was accounted for $168.0 billion in 2020, and is expected to reach $265.9 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.

Major determinants of the market growth

Rise in population and industrialization and lack of freshwater resources and water scarcity problems have boosted the growth of the global water treatment technology market. However, high cost of water treatment technology hinders the market growth. On the contrary, technology advancements and surge in R&D activities would open new opportunities in the future.

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Covid-19 scenario:

The Covid-19 pandemic negatively affected the demand for water treatment technology due to its dependence of chemical, pulp and paper, petrochemicals, and municipal water & wastewater facilities.
During the pandemic, chemical manufacturing companies shut down or hated their operations to curb the risk of infections where water treatment technology-based equipment are used.
The falling income of customers and restriction on travel disrupted the supply chain.
However, the demand for water treatment technology would increase as the agriculture and food processing companies get back on track.

The corrosion & scale inhibitors segment dominated the market

By chemicals, the corrosion & scale inhibitors segment held the largest share in 2020, accounting for around one-fourth of the global water treatment technology market, owing to rapid industrialization to prevent scale formation. However, the coagulants & flocculants segment is estimated to register the highest CAGR of 5.3% during the forecast period, as coagulants & flocculants are cost-effective chemicals with high efficiency over wide range of pH and raw water temperatures.

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The food service segment to portray the highest CAGR through 2030

By membrane system, the ultrafiltration segment is projected to manifest the highest CAGR of 5.3% from 2021 to 2030, due to scarcity of pure water and use of ultrafiltration in brackish water purification. However, the reverse osmosis segment held the largest share in 2020, accounting for more than two-fifths of the global water treatment technology market, due to less maintenance, less space requirement, high system efficiency, and easy installation.

North America held the lion's share

By region, the market across North America dominated in 2020, accounting for nearly one-third of the market, owing to scarcity of fresh and potable water, rapid urbanization, and strict government regulations for discourage of wastewater. However, the global water treatment technology market across Asia-Pacific is anticipated to showcase the highest CAGR of 5.4% during the forecast period, owing to rise in scarcity of freshwater sources and increase in demand for clean and potable water.

Major Market Players

AECOM
Ashland Global Holdings Inc.
BASF SE
Aquatech International LLC
DOW
BioMicrobics, Inc.
PepsiCo
DuPont
The Coca-Cola Company
The 3M Company

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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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