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According to the new market research report “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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Based on type, the water clarifiers market is segmented into coagulants, flocculants, corrosion inhibitors, scale inhibitors, biocides & disinfectants, anti-foaming agents, pH stabilizers, chelating agents, and others. The coagulants segment is expected to register the highest growth rate in the global industrial wastewater treatment market during the forecast period. Coagulants are the most essential chemicals used in wastewater treatment. Almost all the industries need coagulants for the water clarification process. Moreover, the inorganic coagulants have low cost and are widely available across the globe.
Among these end-use industries, power generation is the largest and fastest-growing segment of the industrial wastewater treatment market. As the standards and norms for discharging wastewater are becoming more stringent, the demand for wastewater treatment chemicals in the power generation industry is increasing rapidly. Besides environmental benefits, the zero liquid discharge (ZLD) system plays a major role in enhancing wastewater treatment chemical consumption. ZLD has become a statutory norm in power plant; as a result, wastewater recycling provides more options for site selection and reduces the amount of makeup water, and it also eliminates the costs related to sewer disposal. These factors are driving the demand for industrial wastewater treatment in the power generation industry during the forecast period.
Browse and in-depth TOC on “Industrial Wastewater Treatment Market – Global Forecast to 2024”
76 – Tables
32 – Figures
157 – Pages
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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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