Water and Wastewater Treatment Market Outlook, Share & Forecast 2032
- Pallavi Garudkar
- 5 hours ago
- 3 min read
As the chemical industry entered 2022, strong demand for both commodity and specialty chemicals supported robust pricing trends. However, rising raw material costs created margin pressures, a challenge expected to persist through the first half of the year.
The global water and wastewater treatment market was valued at USD 323.32 billion in 2023 and is projected to expand from USD 346.41 billion in 2024 to USD 617.81 billion by 2032, registering a CAGR of 7.5% during 2025–2032. This growth outlook is highlighted by Fortune Business Insights in its report, “Water and Wastewater Treatment Market, 2025–2032.”
Rising competition is prompting major companies to strengthen their service networks. Many global players are acquiring regional firms to maintain market dominance and expand reach.
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List of Key Players Mentioned in the Water and Wastewater Treatment Market Report:
Veolia (France)
SUEZ Worldwide (France)
DuPont (U.S.)
3M (U.S.)
Xylem (U.S.)
Kemira (Finland)
Evoqua Water Technologies LLC (U.S.)
Pentair PLC (U.K.)
Ecolab (U.S.)
American Water (U.S.)
Acciona (Spain)
Hydro International (U.K.)
Aquatech International LLC (U.S.)
Trojan Technologies (Canada)
BioMicrobics Inc. (U.S.)
Kurita Water Industries Ltd. (Japan)
ASIO (Czech Republic)
Report Coverage:
The report provides valuable insights backed by comprehensive analysis from industry experts. Market size and share estimations are based on in-depth interviews with stakeholders, supported by both global and regional paid databases. This approach ensures reliable data to help businesses and investors make informed decisions.
Segments:
Services Segment to Gain Momentum due to Larger Investments
Based on segment, the market is classified into chemicals, equipment, and services. The services segment is expected to grow at the highest pace due to companies focusing on constructing novel treatment plants and maintenance of existing facilities.
By application, the market is divided into municipal and industrial.
Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Drivers and Restraints:
Drivers
Increasing wastewater generation from industries including chemicals, metals, and pesticides.
Stringent global regulations mandating wastewater treatment before discharge.
Restraints
High capital investments required for advanced treatment plants often hinder adoption among businesses.
Regional Insights:
North America: Dominated the market at USD 109.52 billion in 2021, driven by strong demand from beverages and pharmaceuticals sectors in the U.S.
Asia Pacific: Expected to surpass North America in revenue share, supported by large-scale investments in water quality and sanitation across China, India, and Southeast Asia.
Europe: Growth supported by modernization of existing water treatment infrastructure and adoption of innovative technologies.
Competitive Landscape:
Leading companies focus on strategic acquisitions and partnerships to expand global presence and unlock growth opportunities. These initiatives help strengthen brand positioning while ensuring sustainable market development.
Industry Development:
March 2023 – Aquatech International partnered with Fluid Technology Solutions, Inc., a cutting-edge producer of sophisticated membranes and separation technologies. Together, they aim to develop next-generation solutions for enhanced brine concentration, advanced separation, and water reuse.
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