Rapid Industrialization and Rising Various Government Water Conservation Programs to Propel the Growth of the Global Biological Wastewater Treatment Market by 2031
Wastewater treatment plays a crucial role in maintaining the health of our environment and ensuring the availability of clean water resources. Among the various wastewater treatment methods, biological wastewater treatment has emerged as a sustainable and efficient solution. By utilizing natural processes and microorganisms, this method effectively removes contaminants and transforms wastewater into a valuable resource. Biological wastewater treatment relies on the principle of harnessing the natural abilities of bacteria, fungi, and other microorganisms to break down complex organic compounds into simpler, harmless forms. The process typically occurs in a treatment plant where wastewater is subjected to different stages. The primary treatment involves the removal of large solids and debris, followed by the secondary treatment where biological processes take place. This can be achieved through various methods, including activated sludge, trickling filters, rotating biological contractors, and sequencing batch reactors.
Forecast Analysis of the Biological Wastewater Treatment Market
The rising volume of wastewater across the globe, water shortages due to the growing population, and tremendously increasing industrialization are the major factors expected to foster the growth of the biological wastewater treatment market throughout the forecast timeframe. Moreover, the increasing number of government activities to raise consumer awareness about using and drinking sanitary and safe water is expected to create huge growth opportunities for the market during the analysis period. Additionally, the increasing government water conservation programs to reuse water for operational processes across numerous industries are predicted to augment the growth of the biological wastewater treatment market in the coming period. However, the high costs of proper disposition of tainted water may impede the growth of the market over the estimated period.
According to the report published by Research Dive, the global biological wastewater treatment market is anticipated to garner $15,067.7 million in revenue and grow at a CAGR of 5.2% during the forecast timeframe from 2022 to 2031. The major players of the market include Dryden Aqua Ltd., 3M, SUEZ, Calgon Carbon Corporation, Xylem, Aquatech International LLC, Ecolab, Evoqua Water Technologies LLC, Veolia, Pentair Plc., and many more.
Key Developments of the Biological Wastewater Treatment Market
The key companies operating in the industry are adopting various growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the global biological wastewater treatment market to grow exponentially. For instance:
- In September 2022, LANXESS, a German-based specialty chemicals company inaugurated its new biological wastewater treatment plant. The company renovated and made advancements in the existing plant to adhere to the stricter environmental legislation. This plant would not only process the wastewater from the company but also from two nearby companies along with the production of rubber chemicals, and glass fiber.
- In October 2022, Envirozyme, a world leader in the bioaugmentation industry announced its acquisition of Novozymes, a global biotechnology company. This acquisition would help Envirozyme to enhance its bio-augmented solutions for water resource recovery and expand its business to new markets worldwide.
- In March 2023, Aquatech, a renowned provider of water purification systems and wastewater treatment technology for industrial and infrastructure markets, announced its partnership with Fluid Technology Solutions, Inc., a global leader in water treatment technology. With this partnership, the companies aimed to deliver next-generation solutions for water reuse, advanced separation, and brine concentration.
Most Profitable Region
The North America region of the biological wastewater treatment market registered the highest revenue in 2021. This is mainly due to rapid urbanization, the growing environmental deterioration, and the developments in membrane technology in the region. Moreover, the increasing need for sophisticated household water treatment, the rising number of public sector entities, and the restricted water resource availability across the region are the factors expected to boost the regional growth of the market over the forecast period.
Covid-19 Impact on the Global Biological Wastewater Treatment Market
With the rise of the novel coronavirus, the biological wastewater treatment market has experienced a negative impact initially, likewise, various other industries. However, the increased emphasis given by the World Health Organization on using clean water for washing hands and other purposes and the increased government focus on the provision of providing safe drinking water have increased the need for wastewater treatment during the pandemic period. Furthermore, the lack of access to clean water for sustaining a minimal level of cleanliness and restricting significant public exposure has increased growth opportunities for the market throughout the crisis.
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