According to Stratistics MRC, the global industrial wastewater treatment service market is expected to reach $35.22 billion by 2026, growing at a compound annual growth rate (CAGR) of 7.6% from 2017, when it accounted for $18.22 billion. According to researchers with Stratistics MRC, some of the factors driving the market are adopting a more sustainable method through initiatives of reduce-recycle-reuse is driving the growth. However, the huge price of technologies and innovations in wastewater treating is hampering market growth. Moreover, the quick urbanization in the rising economies is providing ample opportunities in the near future.
By geography, the Asia Pacific region is anticipated to be the major industrial wastewater treatment service market. This region has witnessed rapid economic development in recent years. However, the increase in the power generation in this region results in a rise in the wastewater generated, which reflects growth in the industrial wastewater treatment market.
Some of the key players profiled in Stratistics MRC’s report, Industrial Wastewater Treatment Service Market, include Xylem, WOG Group, Veolia, Thermax Group, The Dow Chemical, Terrapure Environmental, SWA Water Holdings, Kurita Water Industries, Innospec, Hydrite Chemical, Golder Associates, Geo Specialty Chemicals, Feralco Ab, Evoqua Water Technologies, Dorf Ketal Chemicals, Cortec Corporation, Bwa Water Additives Uk, Buckman Laboratories, Bauminas Quimica, and Aries Chemical.
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