The North America water & wastewater treatment market size was valued at USD 103.59 billion in 2017 and is expected to be valued at 119.56 billion by the end of 2025. It is projected to expand at a CAGR of 1.8% during the forecast period. This is attributed to the onsite water-reuse by various industries, creating a need for better treatment technologies for safe water. Rising need for sustainable practices for greater water reuse, which will help conserve the environment, results in growth of the market.
The global ballast water treatment systems (BWTS) market size was valued at USD 20.05 billion in 2017. The growth of this market is majorly attributed to the favorable initiatives undertaken by government authorities for the ballast water treatment. Ballast water is a water that carried in vessels’ ballast tanks to improve balance, and stability.
The global smart water grid market size was valued at USD 6.50 billion in 2016 and is expected to grow owing to factors such water scarcity, the disproportion of demand and supply, advancement in technologies provided by ICT, and management of ageing infrastructure.
The global water and wastewater treatment market size was valued at USD 478.15 billion in 2016. The industry is anticipated to register robust growth over the next few years owing to factors such as water scarcity due to the rise in population and swiftly increasing industrial activities.
The global water desalination market was valued at USD 13.31 billion in 2016 and is expected to register robust growth owing to rise in demand for clean water, increasing population and disposable income of the people in the developing economies. Growing demand for a clean source for direct consumption as well as numerous industrial applications is expected to drive the demand for filtration technologies over the next few years.
The global liquid filtration market is expected to reach USD 31.74 billion over the forecast period. The market is expected to witness a substantial growth due to the increasing contamination of ground as well as surface water.
Hydrochloric acid is an important chlorine compound and is majorly produced as a byproduct in the manufacturing of a host of organic chemicals. Over 40 processes generate hydrochloric acid as a byproduct and it is consumed in over a 100 processes. Over two third of the global HCL consumption is in the manufacturing of ethylene dichloride (EDC) and the remaining is the manufacturing of inorganic compounds. Most of the HCL is captively consumed by companies for further organic product manufacturing.