APAC is expected to be the fastest-growing wastewater treatment services market

The wastewater treatment services market size is estimated to be USD 53.0 billion in 2021 and is projected to reach USD 71.6 billion by 2026, at a CAGR of 6.2% between 2021 and 2026. . Growing population, expanding manufacturing industry, urbanization, and regulatory requirements are the major drivers of the wastewater treatment services market. Initiatives by manufacturing industries and state bodies for low waste generation and growing awareness about new water treatment technologies are some of the factors which are likely to boost the wastewater treatment services market.

APAC is expected to be the fastest-growing wastewater treatment services market.

The APAC comprises major emerging nations such as China and India. Hence, the scope for the development of most industries is high in this region. The wastewater treatment services market is growing significantly and offers opportunities for various industries. The APAC region constitutes approximately 61.0% of the world’s population, and the manufacturing and processing sectors are growing rapidly in the region. The APAC is the largest wastewater treatment services market with China being the major market which is expected to grow significantly. The rising disposable incomes and rising standards of living in emerging economies in the APAC are the major drivers for this market.

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The increasing population in the region accompanied with development of new technologies and products are projected to make this region an ideal destination for the growth of the wastewater treatment services market. However, establishing new plants, implementing new technologies, and creating a value supply chain between raw material providers and manufacturing industries in the emerging regions of the APAC are expected to be a challenge for industry players as there is low urbanization and industrialization. Booming power, consumer goods and packaging sectors and advances in process manufacturing are some of the key drivers for the market in the APAC. Countries such as India, Japan, and China are expected to witness high growth in the wastewater treatment services market due to the increasing demand from the food, pulp & paper, chemical, and power & generation industry.

North America is estimated to be the largest wastewater treatment services market

North America is the largest wastewater treatment services market in the world. Key countries in the region include US, Canada and Mexico. As the market in North America is mature, it is projected to grow at a lower CAGR during the next five years. North America has always been a major wastewater treatment services market due to the presence of developed industrial sector in the region. This market is growing more due to adoption of stringent regulations towards environment.

Many economies throughout the world have been adversely hit by the COVID-19 outbreak. Governments throughout the world have imposed partial or complete lockdowns to prevent the spread of the disease and its effects, affecting a wide range of manufacturing and service industries, including water and wastewater treatment.COVID-19 has affected the wastewater treatment services market only in industrial applications in the first two quarters of 2020. According to an article, wastewater treatment services for industrial applications have been impacted because of the pandemic as Industries were shut down due to the lockdown restrictions and there was no production, which in turn reduced the wastewater production.

The key players in the market are focusing on strategies, such as new product launches, partnerships & agreements, acquisitions, and expansions, to expand their businesses globally The key players operating in the wastewater treatment services market are trying to increase their scope of services to address the increasing demand. Veolia Water Technologies (France), SUEZ (France), Xylem (US), Evoqua Water Technologies (US), Thermax (India), and Ecolab (US) are the leading providers of wastewater treatment services, globally.

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Refrigeration Oil Market worth $1.4 billion by 2026

 
The report “Refrigeration Oil Market by Type (Synthetic Oil (POE, PAG), Mineral Oil), Application (Refrigerators & Freezers, Air conditioner, Automotive AC System, Aftermarket), & Region(APAC, North America, South America, Europe, & MEA) – Global Forecasts to 2026″, is projected to reach USD 1.4 billion by 2026, at a CAGR of 4.1% from USD 1.1 billion in 2021. This growth is primarily triggered by the increasing demand from the refrigerator & freezer, air conditioner, and automotive AC system applications. APAC is the largest refrigeration oil market due to a rise in the manufacturing of consumer appliances and automobiles. Furthermore, the changing lifestyle of consumer and rising income levels have led to higher demand for refrigerators & freezers and air conditioners, which, in turn, drives the refrigeration oil market. The growing demand for perishable food products along with growth in the pharmaceutical industry also drives the demand for refrigerators & freezers, fueling the growth of the refrigeration oil market.

Browse 213 market data Tables and 58 Figures spread through 226 Pages and in-depth TOC on “Refrigeration Oil Market by Type (Synthetic Oil (POE, PAG), Mineral Oil), Application (Refrigerators & Freezers, Air conditioner, Automotive AC System, Aftermarket), & Region(APAC, North America, South America, Europe, & MEA) – Global Forecasts to 2026”
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Synthetic oil is the largest oil type of refrigeration oil market.

Synthetic oil accounted for the largest share of the overall refrigeration oil market, in terms of value, in 2020. Synthetic oil is manufactured by combining synthetic base oils and additives. It has several advantages over conventional mineral oil due to its high performance in extreme conditions, better viscosity index, higher shear stability, and improved chemical resistance. In addition, its compatibility with low GWP and modern refrigerants gives them an added advantage over mineral oil.

Refrigerators & Freezers is estimated to be the largest application of the refrigeration oil market during the forecast period.

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Refrigerator & freezer is the largest application of refrigeration oil. This growth is attributed to the rising demand for perishable food items and changing the lifestyle of people in developed and developing regions. Refrigeration oil is used in domestic, commercial, and industrial refrigerators & freezers. In addition, the growing demand for refrigerated food products and increasing trade of food products are driving the refrigeration oil market in the refrigerator & freezer application.

APAC is estimated to be the largest market for refrigeration oil during the forecast period.

APAC is the largest market for refrigeration oil, followed by North America and Europe. APAC dominates the refrigeration oil market due to the rapid economic growth, particularly in the consumer goods and automobile industries in the region. The rapid urbanization in APAC, coupled with the improved living standard is driving the refrigeration oil market. The advantage of shifting production to the Asian region is that the cost of production is low here. Also, it is easier to serve the local emerging market. Also, due to the massive production and demand for consumer appliances and automobiles in countries such as China, Japan, India, and South Korea. This high growth is attributed to the growing manufacturing of consumer goods and automobile in the region.

The key market players profiled in the report include Eneos Holdings Inc. (Japan), BASF SE (Germany), Idemitsu Kosan Co. Ltd (Japan), ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), Total Energies SE(France), China Petrochemical Corporation (Sinopec Corp), Petroliam Nasional Berhad(Petronas), FUCHS Petrolub SE (Germany), Johnson Controls(Ireland) among others.

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Bioplastics & Biopolymers Market worth $29.7 billion by 2026

 

The report “Bioplastics & Biopolymers Market by Type (Non-Biodegradable/Bio-Based, Biodegradable), End-Use Industry (Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture), Region – Global Forecast to 2026″, global bioplastics & biopolymers market size is projected to grow from USD 10.7 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 22.7% between 2021 and 2026. Bioplastics are plastics derived from renewable sources such as corn, potatoes, rice, soy, sugarcane, wheat, and vegetable oil, while biopolymers are naturally occurring polymers. Bioplastic may or may not be biodegradable. Bioplastics are mainly segmented into biodegradable and non-biodegradable plastics for various applications in packaging, consumer goods, automotive & transportation, agriculture & horticulture, medical, and other end-use industries.

Browse 142 market data Tables and 50 Figures spread through 244 Pages and in-depth TOC on “Bioplastics & Biopolymers Market by Type (Non-Biodegradable/Bio-Based, Biodegradable), End-Use Industry (Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture), Region – Global Forecast to 2026”

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Biodegradable bioplastics & biopolymers types will account for the major share of the market in terms of value

Biodegradable are the largest type segment in terms of value during the forecast period. Biodegradable polymers are high molecular weight compounds that decompose naturally in the environment through bacteria and other microorganisms during a span of time. The process produces natural byproducts, such as biomass, water, gases, and inorganic salts. Biodegradable polymers are made from renewable sources such as corn oil, starch, orange peels, and plant materials and deteriorate into natural by-products. The growing concerns related to environmental pollution and non-renewable finite petroleum resources are leading to the increasing use of biodegradable bioplastics & biopolymers.

In terms of value, the packaging segment is projected to account for the largest share of the bioplastics & biopolymers market, by end-use industry, during the forecast period.

Packaging is one of the end-use industries that dominate the bioplastics & biopolymers market. Bioplastics, and especially biodegradable bioplastics, have increasing demand to replace conventional plastics to address environmental concerns. The use of bioplastics is increasing in applications such as bottles, films, clamshell cartons, waste collection bags, carrier bags, mulch films, and food service ware.

APAC is estimated to be the fastest-growing market for bioplastics & biopolymers between 2021 and 2026.

APAC is estimated to be the fastest-growing market for bioplastics & biopolymers between 2021 and 2026. Growth in APAC is primarily attributed to the fast-paced expansion of the economies such as China, India, and Indonesia. Growing population increased consumer spending, and rapid industrial expansion are the major factors responsible for the high growth rate of the region. Growing environmental concern and awareness along with increasing regulations are the key factors driving the demand for bioplastics & biopolymers. The manufacturers focus on the high-growth market to gain market share and increase their profitability.

The key players in this market are NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia).

Don’t miss out on business opportunities in Bioplastics & Biopolymers Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

COVID-19 impact on Global Geosynthetics Market

Geosynthetics are largely used in waste management, and infrastructure development applications such as railroads, roadways, soil reinforcement and stabilization, heap leach pads, landfills, and containment sites. The basic functions of geosynthetic materials are separation, reinforcement, filtration, drainage, and barrier. The increasing spending on infrastructural development and demand for waste management is expected to offer opportunities for manufacturers during the forecast period.

COVID-19 pandemic has significantly disrupted the global construction sector in 2020, with projects being halted due to lockdown restrictions owing to the non-availability of workforces, supply chain disruptions, country-wide lockdowns, and temporary closures of infrastructure projects, and limited availability of raw materials. Companies have witnessed lower demand for new office spaces, shops, and others which resulted in a decline in revenue. However, due to the easing of the norms by the government with preventive measures such as social distancing and relief funds, the end-use industries are recovering. Moreover, the construction sector was exempted from the lockdown restrictions in a few countries such as Australia as it falls under essential services. In Indonesia, preventive lockdown measures hampered supply chains, and delays in infrastructure projects are major reasons for the decline in the construction industry in the country. The US construction industry was affected majorly due to the limited availability of raw materials as the imports from various other countries such as China were restricted due to the pandemic. However, stimulus package by various government globally has helped the countries to support the declining economy, which is also expected to support the construction industry and lead to economic recovery post the COVID-19 crisis by boosting infrastructural growth.

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The global geosynthetics market is projected to reach USD 13.2 billion by 2026 from USD 9.9 billion in 2021, at a CAGR of 6.0% between 2021 and 2026 The rising demand for geosynthetics is majorly due to Increasing investments in infrastructural developments, and rising concerns over waste and water management globally. Market growth is largely driven by the increasing population and urbanization, coupled with increasing industrial activities in the APAC and South America which is expected to offer opportunities for manufacturers during the forecast period. Developments in the field of material technology, and growing demand for sustainable products are presenting opportunities for the geosynthetics market.

Geosynthetics market is dominated by APAC in 2020. The region is growing at a faster rate which accounts for the high growth of the geosynthetics market. The emerging market of India, China, and other countries of the APAC are growing and boosting the regional market growth. Rapidly increasing population, urbanization, and industrialization are expected to drive the geosynthetics market in APAC. Rising investment In the development of public infrastructure and growing demand for solid waste management system are the major factors driving the geosynthetics demand in the region.

Key players in the geosynthetics market are SOLMAX (Canada), NAUE GmbH & Co. KG (Germany), Officine Maccaferri Spa ( Italy), Berry Global Inc ( US), and Agru America, Inc ( US) are the major players in the market.

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Veolia Water Technologies (France) and Ecolab (US) are the leading players in Wastewater Treatment Services Market

The wastewater treatment services market is projected to reach USD 71.6 billion by 2026, at a CAGR of 6.2% from USD 53.0 billion in 2021.

Growing population, expanding manufacturing industry, urbanization, and regulatory requirements are the major drivers of the wastewater treatment services market. Initiatives by manufacturing industries and state bodies for low waste generation and growing awareness about new water treatment technologies are some of the factors which are likely to boost the wastewater treatment services market. The growing population of the world is fueling the demand for new wastewater treatment plants and services. Industrial growth is boosting the demand for new wastewater treatment projects. Collectively, the growth in demand for new wastewater treatment plants is pushing the demand for building and installation services market, globally. Continuous operation of the wastewater treatment plant is a major concern in both the manufacturing as well as other industries.

To know about the assumptions considered for the study download the pdf brochure

The key players in the market are focusing on strategies, such as new product launches, partnerships & agreements, acquisitions, and expansions, to expand their businesses globally The key players operating in the wastewater treatment services market are trying to increase their scope of services to address the increasing demand. Veolia Water Technologies (France), SUEZ (France), Xylem (US), Evoqua Water Technologies (US), Thermax (India), and Ecolab (US) are the leading providers of wastewater treatment services, globally.

Players in the wastewater treatment services market are mainly concentrating on new product launches, acquisitions, and collaborations to meet the growing demand for various end-use industries. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.

The growth of the wastewater treatment services market has been largely influenced by new product launches that were undertaken between 2016 and 2020. Companies such as Xylem Inc and Suez Group have adopted new product launches to enhance their market position.

Veolia Group designs and manages water services, wastewater treatment, and recovery services for local authorities and industrial customers. The company operates through three business segments, namely, water, waste, and energy. Veolia Water business segment provides the complete range of services required to design, build, maintain, and upgrade water and wastewater treatment facilities and systems for industrial customers and public authorities. It offers a wide range of solutions for the collection and transport of drinking water and wastewater, which includes operating and maintaining water and wastewater treatment networks, collecting wastewater, and designing and building water and sanitation networks. The company operates in Europe, the Americas, Asia, Oceania, the Middle East, and other regions. In October 2020, Veolia Group acquires 30% shares of Suez’s capital from Engie to enhance its water business segment in France.

Ecolab provides water, hygiene, and energy technologies and services across the globe. The company operates through four segments, namely, global industrial, global institutional & specialty, and global healthcare & life sciences and others. Ecolab provides wastewater treatment services through its global industrial business segment. The water unit under the global industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, chemical, primary metals, power generation, pulp and paper, mining, and commercial laundry industries.

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Top 4 Recent Developments in Ultra-High Molecular Weight Polyethylene Market

The ultra-high molecular weight polyethylene (UHMW PE) market is estimated at USD 1.4 billion in 2020 and is projected to reach USD 2.2 billion by 2025, at a CAGR of 9.4% from 2020 to 2025. Ultra-High Molecular Weight Polyethylene (UHMW PE) is a simple linear background polyethylene possessing unique properties. Due to its ultra-high molecular density, it provides high abrasion resistance and impact strength in comparison to other engineering polymers. Apart from this, the material can also be optimized for more application specific requirements such as noise resistance, low coefficient of friction, excellent chemical resistance, self-lubrication, bio-compatibility, wear resistance, and electric insulation resistance.

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Recent Developments

• In July 2019, DSM acquired majority shares of ICD, a UHMW PE fiber manufacturer in China. The acquisition of the majority share in ICD will bring complementary manufacturing and technology assets to DSM and will strengthen the company’s presence in this UHMW PE market.
• In July 2019, DSM introduced Dyneema Purity Black fiber, the first black medical-grade UHMW PE fiber. The fiber builds are expected to be 15 times stronger than steel, has a small profile, high pliability, and biocompatibility
• In August 2018, Mitsui Chemicals, Inc expanded production facilities to manufacture HI-ZEX ultra-high molecular weight polyethylene in response to the growing demand for automotive and industrial batteries. This expansion helped the company’s production capacity for HI-ZEX MILLION by about 15% to 8,500 tons per year.
• In April 2018, Celanese Corporation announced the addition of a new GUR ultra-high molecular weight polyethylene (UHMW PE) production line at its Nanjing, China manufacturing facility to support the growth in its engineered materials business, specifically the electric vehicle market.

The UHMW PE market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, India, and Japan together accounted for the major share of the Asia Pacific UHMW PE market in 2019. The Asia Pacific region is an emerging and lucrative market for UHMW PE, owing to industrial development and improving economic conditions. In addition, the growth of the medical industry in Asia Pacific is one of the reason leading to an increase in the demand for UHMW PE. UHMW PE is also being used in mechanical equipment. The presence of a number of mechanical component manufacturing plants in China and rapid industrialization in Asia Pacific are expected to drive the UHMW PE market in the coming years.

Major companies such as Celanese Corporation (US), Koninklijke DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation, (Japan) Du Pont De Nemours Inc. (US), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others are key players in the UHMW PE market.

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Activated Carbon Filters Market- Analysis of Potential Market Opportunity Worth $330 million by 2025

The activated carbon filters market size is projected to grow from an estimated value of USD 267.3 million in 2020 to USD 330 million by 2025, at a CAGR of 4.4% during the forecast period. The growth in activated cabon filters market is attributed to the stringent regulation on industrial discharge to control water pollution and regulations drinking water quality standards to control water borne dieases. The market growth is also attributed to the rapid urbanization and growth in industrial, food & beverage, pharmaceutical applications. One of the emerging applications of activated carbon filters is gas separation. Activated carbon filters are used to separate components of gas through pressure swing adsorption phenomena (PSA).

Stainless steel shell is the fastest-growing segment of activated carbon filters market

Stainless steel shell was the largest segment of the activated carbon filters markets globally in 2019 in terms of value. The stainless steel shell is anticipated to account for the biggest share of the overall activated carbon filters market during the forecast period. The growth of stainless steel shell activated carbon filters is attributed to its durability and less-corrosive properties. Carbon steel shell activated carbon filters are less durable because of its corrosive nature.

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Industrial water pollution treatment is the largest application of activated carbon filters market

The industrial water pollution treatment application is expected to be the largest, and drinking water purification application is expected to be the fastest-growing segment in the overall market. The global activated carbon filters market is mainly driven by the implementation of stringent regulations by regional governments and environmental agencies to control water pollution. Also, activated carbon filters are used to treat industrial discharge to re-use it in the manufacturing rocess again. Re-use of industrial discharge water and water pollution control are the two major making industrial water pollution treatment the largest application in the market.

APAC is the largest as well as the fastest-growing market for activated carbon filters market.

APAC is estimated to be the largest market for activated carbon filters in 2019. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC. According to the World Bank, APAC is the fastest-growing region in terms of both population and economy. The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP. High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector. This is expected to increase the demand for activated carbon filters in water pollution treatment and water purification applications.

The key companies profiled in this report on the activated caron filters market include TIGG LLC (US), Puragen Activated Carbons (US), Cabot Corporation (US), Westech Engineering (US), Kuraray Co. Ltd. (Japan), Lenntech B.V. (The Netherlands), Donau Carbon Corporation (Germany), General Carbon Corporation (US), Sereco S.R.L. (Italy), Carbtrol Corp (US).

TIGG LLC (US) is one of the leading players in the activated carbon filters market and a subsidiary of Newterra Ltd. The company offers a wide range of standard and custom made granular activated carbon adsorption and filtration systems. It provides filtration equipment for liquid and vapor treatment solutions for industrial manufacturing, municipal water treatment, air filtration, water filtration, environmental remediation application, and activated carbon & media exchange services. It is fully certified with ASME code shop and has both National R and ASME U stamp certifications.

Puragen Activated Carbons (US) is one of the major players in the activated carbon filters market. The company provides activated carbon filters under the brand name OxGuard. Its high-grade carbon steel filtration vessel, meets material standards of FDA (Food & Drug Authority), EPA (Environmental Protection Agency), and AWWA (American Water Works Association). The company provides activated carbon filtration equipment to a wide variety of markets and applications, such as water filtration, air filtration, chemical manufacturing, decolorization and impurity removal in food & beverage, and pharmaceutical industries.

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Geomembranes Market Dynamics- Forecast 2025

The global geomembranes market size is expected to grow from USD 2.1 billion in 2020 to USD 3.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.3%. The major driving factors are increasing mining activities in APAC and South America and the growing concerns towards waste and water management activities.

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Driver: Increased mining activities in APAC and South America

Rapid industrialization and urbanization in key countries such as China and India have spurred the demand for metals and minerals in the past few years. Other countries in APAC that have attracted significant mining investments include Australia, New Zealand, Japan, South Korea, Singapore, Mongolia, and Indonesia. South America is also a high-growth region for the mining industry. It has become a preferred destination for mining investments by major global mining companies. Key countries such as Brazil, Peru, and Chile have large mining capacities and have witnessed increased investments from foreign companies over the past five years. The mining industry is one of the major consumers of geomembranes. Geomembranes are used to help recapture and recycle the harmful chemicals being used in solution to treat ponds and secondary containment applications. This is expected to drive the geomembranes market during the forecast period.

Restrain: Fluctuating raw material prices on account of volatility in crude oil prices

Volatility in crude oil prices is one of the major restraining factor for geomembranes manufacturers. Most raw materials for geomembranes are petroleum-based and are vulnerable to fluctuations in crude oil prices. The rise or fall in crude oil prices directly impacts the price of the raw materials required for geomembranes. Manufacturers have to cope with high and volatile raw material costs, which reduce their profit margins. This scenario has compelled market players to enhance the efficiency and productivity of their operations to sustain growth and retain market share.

Opportunity: Increasing spending on infrastructure development

Infrastructure development includes creating water supply and treatment plants, roads, tunnels, dams, railways, airports, bridges, telecommunication networks, schools, and hospitals. According to the Confederation of International Contractors’ Associations (CICA), the output for residential and non-residential (including commercial, industrial, and others) infrastructures will grow by 85%, in terms of volume, to reach USD 15.5 trillion by 2030. There are a multitude of applications for geomembranes within construction sector.. The long shelf-life along with good physical & mechanical properties of geomembranes will work in favor of the market. Thus, growing infrastructural developments, are expected to create growth opportunities for the geomembranes market during the forecast period.

Based on region, the geomembranes market has been segmented into APAC, Europe, North America, the Middle East & Africa, and South America. North America geomembranes market was the largest market in 2019. Market growth is primarily due to enormous potential in mining, wastewater management, and infrastructural activities in the US, Canada, and Mexico. Europe North America was the second-largest market for geomembranes owing to well-established manufacturing and construction sector of the region.

Major vendors in the geomembranes market include Solmax (Canada), Raven Industries (US), AGRU (Austria), Carlisle Construction Materials LLC (US), Atarfil (Spain), PLASTIKA KRITIS (Greece), JUTA (Czech Republic), Maccaferri (Italy), Firestone Building Products (US), The NAUE group (Germany), Anhui Huifeng New Synthetic Materials (China), Carthage Mills (US), Environmental Protection (US), Geofabrics (Australia), Geosynthetics Limited (UK), Ginegar Plastic Products (Israel), Global Synthetics (Australia), Layfield Group (Canada), CETCO (US), Nilex (Canada), SOTRAFA (Spain), SOPREMA (France), Texel Industries Limited (India), Titan Environmental Containment (Canada), and US Fabrics (US).

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