Water and Wastewater Treatment Market to Surge at a CAGR of 7.5% over 2024 to 2032; Surging Demand for Treated Water from Key Industries to Boost Market Growth

The global water and wastewater treatment market size was valued at USD 323.32 billion in 2023. The market is projected to expand from USD 346.41 billion in 2024 to USD 617.81 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Water and Wastewater Treatment Market Size, Share & Industry Analysis, By Segment (Chemicals {pH Conditioners, Coagulants & Flocculants, Disinfectants & Biocidal Products, Scale & Corrosion Inhibitors, Antifoam Chemicals, and Other Chemicals}, Equipment {Biological, Filtration, Sludge Treatment, Disinfection, and Other Equipment}, and Services {Designing & Installation, Operations, Maintenance, Others}), By Application (Municipal and Industrial {Food & Beverage, Power Generation, Pharmaceuticals, Pulp and Paper, Oil & Gas, Petrochemical, and Others}), and Regional Forecast, 2024-2032”.

Meeting the demand for clean water in municipal, agricultural, and industrial sectors relies on essential water and wastewater treatment. The escalating challenges posed by rapid urbanization, population growth, and wastewater generation in urban areas create a demand for expanded and upgraded wastewater treatment infrastructure. Governments' increasing investments in these facilities contribute significantly to the market's expansion.

The COVID-19 pandemic’s global impact included a 27% decline in industrial water demand in FY 2019-2020, according to the Global Water Leaders Group. Emergency measures globally impacted municipal water treatment authorities' revenue, leading to initiatives such as bill deferrals and tariff exemptions for low-income households, exemplified by a water utility in Brazil.

Suez Bagged a Long-Term Contract with VinyThai Public Company Limited to Develop Water Treatment Systems

Suez secured a long-term contract with VinyThai Public Company Limited in January 2022 to design and build water treatment, wastewater recycling, and waste recovery systems, incorporating advanced technologies such as Poseidon Dissolved Air Flotation and ZeeWeed 500D Membrane Bioreactor.

Smart Management of Wastewater Treatment Plants to Augment Market Growth

The growing demand for advanced and smart technologies, as highlighted in industrial modernization, is a key factor propelling the market's expansion. Moreover, ongoing research and development activities leading to technological innovations, exemplified by Veolia Water Technologies' CISPEO, contribute significantly to the adoption of smart wastewater treatment solutions, fostering water and wastewater treatment market growth.

However, the considerable upfront expenses for advanced treatment technologies, such as membrane filtration, hinder adoption, especially for industries and municipalities in financially constrained regions.

Key Industry Participants Focus on Expanding Portfolios to Boost their Operation Efficiency

The global water and wastewater treatment market displays fragmentation, with key players such as Veolia and Suez Environment driving consolidation by expanding their portfolios. They aim to enhance operational efficiency and secure substantial market shares in the process.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/water-and-wastewater-treatment-market-102632

List of Key Players Mentioned in the Report:

• Veolia (France)


• SUEZ Worldwide (France)


• DuPont (U.S.)


• 3M (U.S.)


• Xylem (U.S.)


• Kemira (Finland)


• Evoqua Water Technologies LLC (U.S.)


• Pentair PLC (U.K.)


• Ecolab (U.S.)


• American Water (U.S.)


• Acciona (Spain)


• Hydro International (U.K.)


• Aquatech International LLC (U.S.)


• Trojan Technologies (Canada)


• BioMicrobics Inc. (U.S.)


• Kurita Water Industries Ltd. (Japan)


• ASIO (Czech Republic)

Key Industry Development:

• November 2021: Kemira expanded its water treatment chemical production capacity in the U.K., boosting ferric-based chemicals output in Goole by over 100 kilotons annually. Additionally, the company ramped up aluminum-based water treatment chemicals production in Ellesmere Port, increasing output by 30,000 tons.

Further Report Findings:

• North America secured the largest water and wastewater treatment market share and is touted to dominate the market during the study period. The region’s dominance is bolstered by the heavy demand for treated water from key industries such as beverages and pharmaceuticals in the U.S., underscoring the region's pivotal role in catering to industrial water needs.


• Substantial investments in wastewater infrastructure in China and India, aimed at addressing water pollution concerns, are poised to propel the growth of the water and wastewater treatment market during the forecast period.

Table of Segmentation