Market Leaders - Industrial Wastewater Treatment Market
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.
Related Reports:
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
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