Report Ocean recently published an extensive intelligence report titled “United States PFAS Water Treatment Market Report: Size, Share, Competitive Landscape, Technology, Latest Updates, and Forecasts to 2030.” This report provides a comprehensive analysis of the market at a micro-level, focusing on insurers, major market sectors, products, and distribution methods within the industry.
The competitive segment of the report offers a summary of key competitors, their financial conditions, recent developments, competitive analysis, and market advancements. This analysis enables market participants to effectively identify relevant opportunities by assessing the strengths and weaknesses of major competitors.
However, the government faced hurdles as the private and public water treatment plants were not designed to treat water for the chemicals like PFAS. Not only the updating for the same was an expense but also it hampered their prevailing revenue-generating models. For instance,
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The public utility managing Merrimack, New Hampshires wastewater made nearly USD0.4 million yearly by turning sludge into compost and selling the same as fertilizer. Due to PFAS contamination measures, the revenue model will vanish and the plant would instead have to pay around USD2.4 million yearly as landfill charges.
But with the rising awareness of health and demand for sustainability, the government has been able to enforce restrictions on the disposal of PFAS into the water by these industries. Furthermore, the development in the industries like paper and textile supports the air of sustainability and thus encourages the installation of PFAS water treatment in their industries. According to American Forest & Paper Association, customers are opting for sustainable options like containerboard which are resulting in the industries ready themselves accordingly.
Additionally, the growth of the industrial sector has also been adding to the new sources for the addition of PFAS in water. The combination of the regulatory framework for the release of the rejected water from these industries increases the market size of PFAS water treatment.
Market Segmentation
Based on Technology:
Reverse Osmosis
Granular Activated Carbon Filter
Ion Exchange Resins
From the above, reverse osmosis technology has been a widely used water treatment method as it had been a convenient way for end users to eliminate PFAs in their drinking water supplies. To provide potable water devoid of PFAs several drinking water treatment plants had been established to provide drinking water in packaged bottles. Moreover, the granular activated carbon filter has also been a popular choice for water treatment owing to its easy incorporation into the water treatment facility.
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Based on End User:
Industrial
Oil & Gas
Pharmaceutical
Chemical Manufacturing
Mining & Mineral Processing
Food & Beverage
Pulp & Paper
Others (Agriculture, Power Generation, etc.)
Commercial
Airports & Military Bases
Hospitality
Healthcare
Others (education Institutions, Offices, etc)
Municipal
Drinking Water Treatment
Waste Water Treatment
Above them all, the industrial sector saw considerable growth in the past years owing to the interference of the government in their water disposal methods. As the treatment of water for PFAs on a large scale is not economically and environmentally feasible, the United States Environmental Protection Agency has formed regulatory requirements to control the PFAs in the water at the source level. This increases the demand for PFAs water treatment in the industries such as metal, paper, and textile. These regulations are expected to get stringent in the forecast years owing to the rising health and environmental concerns, which would raise the demand for PFAS water treatment.
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Recent Developments by Leading Companies
Pentair Acquired Manitowoc Ice from Welbilt, Inc. in 2022 to expand its network of customers and partners and to provide water management solutions to them. The acquisition was done for USD1.6 billion.
In 2022, A. O. Smith Corporation acquired Atlantic Filter Corporation a Florida-based water treatment company to expand its reach in the US. The acquisition would also help the company to advance its capabilities.
Market Dynamics:
Key Driver
Implementation of Numerous Regulations to Curb PFAS Water Contamination
The US government is highly concerned about the PFAS in water owing to its bio-accumulate and toxic nature. Subsequently, the government imposed several restrictions on the industries enforcing them to install water treatment plants to prevent the release of PFAS-dissolved water into the water sources while disposing of the rejected water. The formation of regulations has sped up in the recent year due to the PFAS Strategic Roadmap announced by the United States Environmental Protection Agency in 2021. In the upcoming years, with the high attention of the government to reduce the quantity of PFAS in the water combined with the ongoing research & development the number of regulations is predicted to increase. The constant research & development in the area of PFAS equip the government with novel solutions that led to the formulation of new rules and guidelines for the industries and municipalities.
Possible Restraint
Expensive and Complex Remediation Options
‘The techniques surrounding the treatment and detection of PFAS are still evolving. They have the such staying power that clean-up and remediation alternatives are restricted and expensive, worsened by the fact that not all PFAS are the same. Because of varying degrees of toxicity, precise testing and detection are challenging. In addition, the expenses of investigation, repair, or treatment will significantly rise as laws tighten. For example, Orange County, California, estimated that around USD1 billion would be required to set up a structure to meet the state-recommended levels of PFAS in drinking water. As more scientific data on the substances are gathered, many governments worldwide have already banned or phased out specific PFAS. However, concerns about the safety of alternative PFAS, which may also prove toxic in the future, as well as contamination from legacy PFAS, continue to exist. Therefore, the economic impracticality of the treatment restricts the market growth in the capitalist economy of the US in the upcoming years as the government has to maintain the balance of growth of the industrial sector and the campaign for the adoption of PFAS water treatment.
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Growth Opportunity
Mounting Concern for PFAS Expanding Presence
The publications of reports and research papers have fueled the thoughtfulness of the PFAS dissolved in water. This opens up and prospect for the companies to advertise and promote their service of PFAS water treatment. The bio-accumulative nature of PFAS pushes the swift requirement for water treatment in the US as if more time is taken in action the more it would get integrated into the environment and the tougher it would be to get rid of it. The rising awareness has made the citizens realize this effect and made them raise the demand for PFAS water treatment.
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Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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