U.S. Water Treatment Market - Forecast(2024 - 2030)
U.S. Water Treatment Market Overview
U.S. Water Treatment Market size is forecast to reach US$45.3 billion by 2026, after growing at a CAGR of 3.4% during 2021-2026. In the U.S., the rising demand for water as an essential ingredient in various end-use industries such as food and beverage, municipal water & wastewater treatment, pulp and paper, and others, is estimated to raise the growth of the market. Also, rapid industrialization and increasing demand for clean, freshwater for agricultural and industrial purposes has further inclined the growth of the market. Rapidly rising usage of filtration, reverse osmosis system, and distillation systems for the purification of water has also raised market growth. Moreover, recent technological advancements and increasing development of the biological, physical (sedimentation), and chemical process to improve water treatment in United States of America (USA) is anticipated to create opportunities for the growth of the U.S. water treatment industry.?
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Impact of Covid-19
The water treatment industry in the U.S. has been severely influenced by the COVID-19 pandemic. In the fiscal year 2020, manpower shortages, resource scarcity, logistical constraints, and other factors have hampered the U.S. water treatment industry's expansion significantly. However, after the COVID-19 havoc in the year 2020, the emergence of the new normal condition in the U.S is anticipated to drive the growth of the water treatment market in the upcoming years.
Report Coverage
The report: “U.S. Water Treatment Market– Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the U.S. water treatment market.
By Treatment Type: Filtration (Membrane Filtration, Activated Carbon Filtration, Ultrafiltration, Bio-sand filters, and Others), Reverse Osmosis, Disinfection (Chemical Disinfection, UV Disinfection, and Others), Distillation, Water Softeners, De-ionization, and Others
By Process: Biological, Physical, and Chemical
By End Use: Municipal Water & Wastewater Treatment, Food & Beverage, Oil & Gas, Pulp & Paper, Petrochemical Industry, Healthcare Industry, Agriculture, Textile, Poultry and Aquaculture, and Others
Key Takeaways
U.S. Water Treatment Market Segment Analysis - By Treatment Type
Reverse osmosis (RO) held the largest share in the U.S. water treatment market in 2020. RO is a membrane separation water purification technique in which source water flows with pressure along the membrane surface. Purified water passes through the membrane and is collected, whereas concentrated water, which contains dissolved and undissolved debris and does not pass through the membrane, is released into the drain. Additional benefits of reverse osmosis systems for water treatment includes the removal of pigment, odor, chemicals, or taste, as well as the elimination of residual materials. It is also quick and efficient, which makes it a preferred choice for a variety of applications. Thus, it is estimated that the driving demand for reverse osmosis treatment method owing to its advantageous property for water treatment will drive the growth of the market.
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U.S. Water Treatment Market Segment Analysis - By Process
Chemical process held the largest share in the U.S. water treatment market in 2020. To speed up disinfection, chemicals are utilized in a variety of processes during water treatment. Chemical unit processes are chemical processes that cause chemical reactions and are used in conjunction with biological and physical cleaning processes to achieve specific water standards. Corrosion inhibitors are chemical products that limit the rate of corrosion when added to water or any other process fluid. Increasing use of specialized chemicals such as chlorine, hydrogen peroxide, sodium chlorite, and sodium hypochlorite (bleach) to disinfect, sterilize aid in the purification of wastewater at treatment plants is further estimated to drive the market growth. Chemical coagulation, chemical precipitation, chemical oxidation, and advanced oxidation, ion exchange, and chemical neutralization and stabilization are some of the chemical unit processes that are also being used to clean water and wastewater. With the rapidly rising usage of chemical process for U.S. water treatment the market is also anticipated to rise.
U.S. Water Treatment Market Segment Analysis - By Application
Food and Beverage segment held the largest share in the U.S. water treatment market in 2020 and is anticipated to grow at a CAGR of 4.2% during the forecast period 2021-2026. The food and beverage sectors are constantly confronted with issues relating to water supply and quality. During certain seasons, the water supply becomes unstable due to droughts, or torrent rain, and significant flooding can wreak havoc on the overall quality of the water supply. Faced with all of these challenges, it is critical that food and beverage companies in U.S. adopt advanced water treatment and purification techniques in order to comply with cGMP (current good manufacturing practice) standards set forth by HACCP (Hazard Analysis at Critical Control Points), HASSOP (Hygiene Standard Sanitation Operating Procedure), EEC (European Environment Committee), and other health guidelines, and to remain compliant. Also, in the food and beverage industry water must be treated to ensure that it does not interfere with the food manufacturing process.?Thus, with the rising need for water treatment in the food and beverage industry the market for U.S. water treatment is anticipated to rise over the forecast period.
U.S. Water Treatment Market Driver
Increasing Government Investments towards Water Treatment Sectors
In the U.S., the rising government investments to improve the water and wastewater treatment system infrastructure will drive the growth of the industry. For instance, in July 2020, the Office of Energy Efficiency and Renewable Energy (EERE) of the United States Department of Energy (DOE) announced a US$ 20 million investment opportunity to develop technology innovations that strengthen America's water infrastructure and enable advanced water resource recovery systems that could be net energy positive. Furthermore, recently on July 7, 2020, The US Department of Agriculture (USDA) announced that it will be investing US$ 307 million in 34 states and Puerto Rico to upgrade rural drinking water and wastewater infrastructure. As a part of the announcement, to build a water treatment plant in Great Bend, the Red Rock Rural Water System in southwestern Minnesota would receive a $905,000 loan and a $445,000 grant. It will also construct an on-site ground storage reservoir and upgrade control systems. Nearly 16,000 people will be able to drink safe water as a result of these upgrades. Thus, with the rising government investments in the U.S. water treatment industry would further raise the market growth over the forecast period.
Growing Demand for Fresh Water with Rapid Industrialization will drive the Market Growth.
Large amounts of water are required by industries, which are used in a variety of ways and at varied rates around the world. Rapid industrialization has steadily increased the need for water consumption and treatment, and this trend is likely to continue due to increased needs in the upcoming years. Dissolved air flotation is primarily used to treat industrial wastewater effluents from oil refineries, petrochemical and chemical plants, natural gas processing plants, paper mills, general water treatment, and other facilities. Industrial water consumption is currently described as a major drain on the world's finite water supply, with water demand anticipated to surpass current supplies by 40% by 2030. Furthermore, in the United States, freshwater is largely used for thermoelectric power, irrigation, public supply, self-supplied industrial, and aquaculture purposes. Changes in temperature and precipitation are also projected to raise these water demands under a warming climate. Moreover, with the rising growth of the water and wastewater treatment services, the demand for the U.S. water treatment industry is also anticipated to rise. For instance, according to the International Trade Administration, in 2017, the water and wastewater treatment subsector generated US$ 162.4 billion in revenue in the United States. Analytical services, wastewater treatment services, consulting and engineering services, equipment and chemicals, instruments and information systems, and utilities were all considered. Thus, it can be anticipated that with the rapid industrialization and rising growth of the water and wastewater treatment services in the U.S., the water treatment market will also rise over the projected period.
U.S. Water Treatment Market Challenges
Growing Need for Eco-friendly Formulations
The strict environmental legislation enacted by various organizations, such as the EPA for the use of chemicals in water treatment, are the key factors limiting the growth of the water treatment market. The growing awareness about the environmental impact of chemicals has resulted in more strict regulatory requirements for U.S. water treatment organizations. Manufacturers of water treatment chemicals are also currently encouraged to use green alternatives. It is even challenging for manufacturers to create a replacement for standard formulations due to the ability of green alternative formulations to work under extreme conditions. Thus, the rising need for eco-friendly formulations for water treatment in the U.S. will further affect the market growth.
U.S. Water Treatment Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the U.S. water treatment market. Major players in the U.S., water treatment market include: