WELLESLEY, Mass, March 08, 2018 (GLOBE NEWSWIRE) --
China's wastewater treatment efforts generated a market value exceeding $39.3 billion (2016). During the majority of years in the previous decade, the market grew at double-digit rates. Although that rate will fall during the forecast period, China's growth rate will remain higher than most global countries. In a new report by BCC Research, The Chinese Market for Wastewater Treatment, this global market is estimated to reach $58.2 billion in 2022, up from $42.1 billion in 2017, indicating a compound annual growth rate (CAGR) of 6.7%.
This comprehensive report illustrates the market opportunities for wastewater treatment companies, solution providers, technology licensors, chemical suppliers, pump and valve manufacturers, plastic pipe makers and resin producers. Additionally, the report analyzes market trends, provides data from 2016, estimates data for 2017 and projects CAGRs through 2022. It also discusses the Chinese wastewater treatment market by technology type, application and region. The industry’s structure, major companies and their market shares, price trends and other factors influencing demand are discussed.
The largest market, the residential/commercial segment will increase its market share due to steady growth from rising treatment rates, growing investment and improving treated water standards. Strong growth is expected for the markets in towns and villages where current wastewater treatment rates remain low. In large cities, such as Beijing and Shanghai where these rates have neared 100%, the increasing population and stricter wastewater treatment emission standards will continue to boost market.
In the industrial segment, wastewater emissions will decline partly due to reduced water consumption and emission thanks to new manufacturing technologies. Overall, this segment will grow slowly. However, the continuing new investment eventually should increase the real wastewater treatment rate. The agricultural section – the smallest market – is expected to achieve the highest growth rate due to government initiatives to significantly raise the treatment rate, especially for the livestock and poultry farming business.
Research Highlights
- Among all technology types, biomembrane process should achieve the highest growth rate (8.9% CAGR).
- The slowdown of China’s manufacturing activities and improved manufacturing technologies should produce relatively slow growth in the global market for industrial wastewater.
- China’s wastewater treatment companies treated more than 100.0 billion metric tons of wastewater in 2017.
“Today, most of the agricultural wastewater in China is still emitted without any treatment. The agricultural wastewater market is relatively small. As the government tries to force the large-scale poultry and livestock farms to establish wastewater treatment facilities and increase treatment rate, the market should grow at an 8.3% CAGR during the next five years. In the Chao Lake basin, the agricultural wastewater treatment market should reach a 10.6% CAGR during the forecast period,” said Jason Chen, BCC Research analyst and author of the report.
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.