New York, USA, Aug. 03, 2022 (GLOBE NEWSWIRE) — According to the newly published Research Dive report, the global biological wastewater treatment market accounted for $7.6 million in 2018 and is anticipated to rise at a stable CAGR of 5.4% in the 2019-2026 timeframe. This comprehensive Research Dive report presents a brief outlook of the current framework of the biological wastewater treatment market including its priority features like growth drivers, growth opportunities, restraints, and hindrances during the forecast timeframe of 2019-2026. The report also contains all the crucial market figures to help new entrants understand the market easily.
Dynamics of the Market
Drivers: The rising levels of industrialization across the globe is expected to be the primary growth driver of the biological wastewater treatment market in the forecast period. Along with this, initiatives undertaken by various governments for conservation of water is predicted to push the market growth in the forecast period.
Opportunities: Biological wastewater treatment is much more economical than other processes such as chemical treatment or mechanical wastewater treatment. As a result, there has been a rise in the demand for this method in the past few years, which is predicted to offer numerous growth opportunities to the market in the analysis timeframe. Also, growing industrialization is predicted to augment the growth rate of the market.
Restraints: However, according to market analysts, the costs associated with proper disposal of contaminated water might become a restraint in the growth of the biological wastewater treatment market.
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Segments of the Market
The report has fragmented the biological wastewater treatment market across different segments such as process, end use, and region.
Process: Aerobic Process Sub-segment to be the Most Dominant
By process, the aerobic process sub-segment accounted for $3.6 million in 2018 and is expected to grow with a CAGR of 6.5% by 2026. The growing demand for aerobic process from various industries like food and beverages, manufacturing industries, and other chemical industries, etc. for treating industrial wastewater as per the government regulations is expected to boost the sub-segment in the forecast period.
End Use: Industrial Sub-segment to have the Maximum Market Share
By end use, the industrial sub-segment of the biological wastewater treatment market accounted for $3.9 million in 2018 and is predicted to grow with a CAGR of 4.2% by 2026. Various types of industries such as chemicals, poultry, paper manufacturing, pharmaceuticals, etc. have started using biological wastewater treatment methods, which is expected to boost the growth of this sub-segment in the forecast period.
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Region: Market in the North America Region to be the Most Profitable
By regional analysis, the biological wastewater treatment market in North America region accounted for $2.5 million in 2018 and is anticipated to grow with a CAGR of 4.6% by 2026. The rising industrialization and the growth in number of industries employing biological wastewater treatment methods to treat the industrial waste is expected to be the primary growth driver of the market in the forecast period.
Prominent Market Players
Some prominent players in the biological wastewater treatment market are
- Pentair plc
- Calgon Carbon Corporation
- Aquatech International LLC
- Evoqua Water Technologies LLC
- Pentair plc
These players are introducing and coming up with new technological advancements and innovations to gain a primacy in the market. Buy the full report here
For instance, in September 2021, Univar Solutions Inc., a global chemical and ingredients distributing company, announced a partnership with Novozymes, a global biotechnology company. This partnership is aimed at development of biological wastewater treatment solutions for industries in United States of America and Canada and is expected to help both the companies to increase their market share substantially in the coming years.
Finally, this comprehensive report also summarizes many crucial facets of the biological wastewater treatment market including product portfolio, latest strategic developments, financial performance of the key players, and SWOT analysis.
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