Global call for pure water strengthens the Wastewater Treatment Services Market

Posted by rohan on March 19th, 2020

Market Overview:

The global wastewater treatment service market was worth USD 87.96 billion in 2018 and is estimated to be close to USD 115.07 billion in 2023, with a compound annual growth rate of 5.52% during the forecast period. The Journal of Environment management published a recent journal on adsorption of textile dyes employing activated carbon and cross-linked polyvinyl phosphonic acid composites. It was found that composite obtained from activated carbon and polyelectrolyte is treating the wastewater and enhancing its quality.

Market drivers and restraints:

The rise in dis-functioning of the human body has resulted in the call for clean and pure water all around the world. Many of the diseases are waterborne; therefore, there is a need for clean drinking water, thus fueling markets expansion. Treatment of wastewater is one of the biggest priorities of several countries as in the Asia Pacific, Middle East and Africa, and Latin America. Strict environment policies on the discharge of waste effluents in water bodies have also resulted in the expansion in the market. Due to an escalated amount of water pollution, the water bodies are full of effluents and no life. Hence governments in many economies are taking the initiative to provide pure and clean water.

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Report segmented as:

By type:

  •          Design and engineering consultation
  •          Building and installation
  •          Operation and process control
  •          Maintenance and repair

By end user:

  •          Industrial
  •          Municipal

Geographical analysis:

Based on geography, the world market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Among these, the Asia Pacific is the biggest market due to the rise in urbanization and awareness related to water quality.

Important market players:

Key market players in this market include Aquatech International Corporation, Danaher Corporation, Degremont SAS, GDF Suez S.A., GE Water & Process Technologies, Veolia Environment SA, Xylem Inc., Kemira OYJ, The Dow Chemicals Company, and Ashland Water Technologies.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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rohan

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rohan
Joined: September 20th, 2017
Articles Posted: 1,346

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