Water Treatment Market by Type (Oil/Water Separation, Suspended Solids Removal, Dissolved Solids Removal, Biological Treatment/Nutrient and Metals Recovery, Disinfection/Oxidation), by Chemical (PH Conditioners, Coagulants, Flocculants, Disinfectants, Biocidal Products Scale, Corrosion Inhibitors, Antifoam Chemicals, and Other Chemicals), by Technology (Activated Carbon Filters, Chlorination, Distillation, Electrode ionization, Ion Exchange, Microfiltration, Nanofiltration, Reverse Osmosis, Ultrafiltration, and Others), by Application (Process Water/ Water Treatment, Waste Water Treatment, Zero Liquid Discharge, Desalination, and Others), and by End-User (Residential Buildings, Commercial Buildings, Municipality, Industrial, Chemical & Petrochemicals, Food and Beverages, and Others) – Global Opportunity Analysis and Industry Forecast, 2024-2030

Market Definition

The Water Treatment Market size was valued at USD 221.56 billion in 2023 and is predicted to reach USD 387.36 billion by 2030 with a CAGR of 8.2% from 2024 to 2030.

Water treatment is a complex process that involves a series of physical, chemical, and biological methods to remove impurities, contaminants, and pollutants from water sources. It aims to make water safe for specific purposes, such as drinking, industrial processes, or environmental conservation. This multifaceted approach includes processes such as sedimentation, filtration, disinfection, and chemical treatments to ensure that water meets quality standards and is suitable for its intended use. Water treatment is vital in safeguarding public health, preserving ecosystems, and supporting various industries that rely on clean and reliable water sources.

Market Dynamics and Trends

The increasing awareness of waterborne diseases such as diarrhea, cholera, typhoid, amoebiasis, and hepatitis drives the growth of the water treatment market. According to the World Health Organization (WHO) as of 2022 reported that around 1.7 billion people worldwide drink polluted feces-infected water.

This alarming statistic underscores the crucial importance of water treatment in preventing and mitigating water contamination to ensure access to safe drinking water, boosting the demand for enhanced water treatment methods and technologies to address the vital global health concerns.

Additionally, the surge in the usage of water in several industrial sectors such as oil & gas, pharmaceuticals, and chemicals boost the market growth. Industries are increasingly recognizing the need to treat and manage water resources responsibly to meet regulatory standards and minimize environmental harm, which in turn propelling the demand for water treatment solutions and services.

However, the high installation and maintenance costs associated with the water treatment units is restraining the growth of the water treatment market. On the other hand, the innovations in water treatment technology, such as low-salt-rejection reverse osmosis (LSRRO) that offer potential for affordable and energy-efficient desalination of highly saline water, is expected to create ample growth opportunities for the market in the future.

Market Segmentations and Scope of the Study

The water treatment market is segmented on the basis of type, segment, technology, application, end-user and region. On the basis of type, the market is divided into oil/water separation, suspended solids removal, dissolved solids removal, biological treatment/nutrient and metals recovery, disinfection/oxidation. On the basis of chemical, the market is categorized into pH conditioners, coagulants, flocculants, disinfectants, biocidal products scale, corrosion inhibitors, antifoam chemicals, and other chemicals. On the basis of technology, the market is segmented into activated carbon filters, chlorination, distillation, electrode ionization, ion exchange, microfiltration, nanofiltration, reverse osmosis, ultrafiltration, and others. On the basis of application, the market is divided into process water/ water treatment, waste water treatment, zero liquid discharge, desalination. On the basis of end-user, the market is alienated into residential buildings, commercial buildings, municipality, industrial, chemical and petrochemicals, food and beverages and others. Geographic breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the dominant share of the water treatment market at present and is expected to continue its dominance during the forecast period. This is attributed to the the presence of key market players such as Indiana American, and others that are adopting various strategies including investments to build water treatment plant with the aim to provide safe usable water in the region.

For instance, in June 2023, Indiana American Water build a new water treatment plant in Sheridan, Indiana. The plant will cost USD 30 million and will be able to handle more water. It will also have new equipment to make the water cleaner and safer water that will benefit the people for many years to come.

Also, the water treatment market is experiencing significant growth in the region due to the rising adoption of innovative technologies, including nanotechnology and ultrafiltration, which effectively address water quality concerns and stimulate the demand for advanced water treatment solutions.

This increasing demand for cutting-edge technologies plays a pivotal role in propelling the market's expansion. For instance, in March 2023, DuPont introduced new versatile ultrafiltration technology DuPont Multibore PRO. It provides a wide range of dependable and long-lasting modules and module structures capable of addressing a wide range of water treatment difficulties.

On the other hand, Asia-Pacific is expected to show a steady rise in the water treatment market due to the growing food and beverage industries which rely extensively on process filtration and water treatment systems to ensure the production of safe and hygienic food products.

For instance, in January 2023, United States Departments of Agricultural services and Global Agricultural Information Network reported China’s food and beverages production increased by 6.3% in 2021. The increase in growth of food and beverage production drives in the demand for advanced water treatment solutions, thereby contributing to the expansion of the water treatment market.

Also, governments of several countries, including Japan and South Korea, have allocated funding to financial institutions, such as the Asian Development Bank and others, to support the water sector in delivering clean and safe water to the local population.

This proactive involvement is playing a significant role in fostering market expansion in the region. For instance, in May 2021, The Asian Development Bank (ADB) funded for a wastewater treatment project in China, with a specific focus on Henan, Shaanxi, Heilongjiang, and Guangdong provinces. This initiative aimed to enhance water quality within the Yellow River Basin which in return propelled the water treatment market growth.

Competitive Landscape

Various market players operating in the water treatment market includes DuPont, 3M, Xylem, Kemira, Evoqua Water Technologies LLC, Pentair PLC, Ecolab, American Water, Acciona, Kurita Water Industries Ltd among others. These market players continue to adopt various market development strategies including product launches and partnerships to maintain their dominance in the water treatment market.

For instance, in July 2023, DuPont launched advanced filters equipped with special nanofiltration membranes that excel at separating lithium from water containing high chloride ion concentrations. These filters are beneficial for industries and water treatment facilities, effectively tackling sustainability challenges associated with water management.

Additionally, in July 2021, Kurita Water Industries Ltd collaborated with Toshiba Energy Systems & Solutions Corporation for using digital technologies in the field of water treatment for power plants. This collaboration was aimed to develop services enabling both stable wastewater treatment operation and reduction of environmental impact.

Also, in July 2021, Acciona, a Spanish infrastructure and energy company completed the construction of a cutting-edge wastewater treatment facility in Loja, Ecuador, capable of purifying 87,500 cubic meters of wastewater daily, serving a population of up to 350,000. This curbs water pollution, safeguarding the Zamora River, and contributing to a lower carbon footprint. The plant utilizes state-of-the-art, eco-friendly technology for efficient wastewater in this region.

Key Benefits

• The report provides quantitative analysis and estimations of the water treatment market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the water treatment market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the water treatment market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Type

• Oil/Water Separation

• Suspended Solids Removal

• Dissolved Solids Removal

• Biological Treatment/Nutrient and Metals Recovery

• Disinfection/Oxidation

By Chemicals

• PH Conditioners

• Coagulants

• Flocculants

• Disinfectants

• Biocidal Products Scale

• Corrosion Inhibitors

• Antifoam Chemicals

• Other Chemicals

By Technology 

• Activated Carbon Filters

• Chlorination

• Distillation

• Electrode ionization 

• Ion Exchange

• Microfiltration

• Nanofiltration

• Reverse Osmosis

• Ultrafiltration

• Others

By Application

• Process Water/ Water Treatment

• Waste Water Treatment

• Zero Liquid Discharge

• Desalination

• Others

By End-User

• Residential Buildings

• Commercial Buildings

• Municipality

• Industrial

• Chemical and Petrochemicals

• Food and Beverages 

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

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