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Global clean-up and monitoring markets set for strong growth

General - Wolverhampton soil facility

The bioremediation, wider soil treatment, arsenic removal and water monitoring markets are all forecast to grow strongly to 2025, say market analysts.

The first of these reports, by Research For Markets, focuses on the Bioremediation Technology & Services in global markets especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. It adds that the technology has become increasingly popular recently, as it is more cost-effective and environmentally friendly than other contaminated land treatments in removing oils and volatile organic compounds (VOCs)  from soil and groundwater.

RFM’s analysis suggests that this market is likely to grow substantially by 7% between 2018 and 2025. That would translate into an increase in value from US$12.6bn in 2018 to US$18.9bn.

The analysis covers the soil, wastewater and oilfield remediation market segments by type, and commercial and residential market segments by application. It is based on a survey of market leaders Altogen Labs, Aquatech International, REGENESIS Remediation Solutions – Corporate, Sevenson Environmental Services Inc., Environmental Services, Inc. and Xylem Inc.

Another market report covering a specific contaminant, by QY Research analysts, covers the market for arsenic removal from drinking water. Arsenic, a known carcinogen even in very low concentrations, occurs naturally in groundwater, and less commonly in surface waters.

Several technologies have developed for removal of high concentrations of arsenic from water, including the precipitative process, adsorptive process, ion exchange process and membrane process, all with huge potential in the water treatment industry as economies grow, it says.

The arsenic removal market was worth US$560m in 2018 and is projected to reach US$870m at the end of 2025, with a compound annual growth rate of 5.7% between 2019 and 2025.

As well as by technology, the report looks at the market in the Middle East and Africa (GCC Countries and Egypt), North America (US, Mexico, and Canada), South America, Europe, including Russia and Turkey. Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

It analyses market segments covering drinking water treatment, industrial water treatment, and others, and 30 manufacturers, among them Severn Trent Service, Lenntech, Tonka Water, AdEdge Water Technologies, Layne, RWL Water, and Blue Water Technologies.

A third market analysis report, available through Market Reports World, covers the long-standing, very varied soil treatment market, ranging from enhanced bioremediation technologies and phytoremediation to soil vapour extraction and soil flushing. This global market already accounted for $26.5bn in 2016, and is set to grow rapidly, with a compound annual growth rate of 9.2%, reaching an estimated $49.3bn by 2023.

Key drivers are the "growing organic food market, demand for high-quality food, upcoming soil and water remediation technologies and shrinking arable land", with the soil protection segment expected to be the largest market in terms of value, followed by the organic amendments segment. Even so, it warns that "emergence of bio-tech seeds, low technical knowledge among farmers and stringent regulations are restraining the market growth". A major countervailing trend to growth in the market is emerging in the form of rapid growth in the bio-agrochemical sector, including demand for herbicide tolerant seeds, increasing need for monitoring.

The largest market share was taken by North America, followed by Europe. Asia Pacific is the fastest-growing market owing to rapid growth in the agricultural sector, it says. Among key players in the market were: Syngenta AG, BASF SE, ADAMA Agricultural Solutions Ltd., Solvay SA, Monsanto Company, American Vanguard Corporation, Arkema SA, Novozymes A/S, Platform Specialty Products and Kanesho Soil Treatment.

The final report, by Allied Markets Research, looks at the huge water quality monitoring systems market, worth US$3.8bn in 2017 and projected to grow at a compound annual growth rate of 7.3% between 2018 and 2025, by which time it is likely to have reached US$6.7bn.  

Water quality monitoring and sampling systems measure and analyse a range of pollutants, typically oils, petrochemicals, asbestos, lead, mercury, phosphates, and nitrates it says. They are applied to groundwater, drinking water, wastewater, aquaculture, and laboratory applications.

These monitoring systems consist of sensors, among them temperature sensors, pH sensors, dissolved oxygen and turbidity sensors. The sensors are able to identify pH, inorganic compounds, organic materials, and other pollutants.

Increasing awareness in rapidly expanding urban populations, and rising incomes, are driving growth of the global water quality monitoring systems market, it concludes, particularly as they encounter higher incidences of waterborne diseases such as through uncontrolled growth. These factors are likely to provide major opportunities for the market, though constrained by the high cost of acquiring, operating and maintaining systems.

The report finds that the pH sensors segment contributed the highest share of 30.9% in the global market in 2017, and projects compound growth of 7.7% to 2025. These types of sensor are widely used, with falling costs boosting uptake in the residential and commercial market segments. The domestic segment is set to grow at a compound annual rate of 7.3% to 2025, it adds.

By application, it finds the strongest growth – 8.3% compound annual growth - is likely in the residential segment, due to increasing government initiatives in the Asia-Pacific region.

By region, the report says North America was the highest contributor to the global water quality monitoring systems market by revenue in 2018, and that this dominance is likely to continue through the forecast period. Key drivers are high uptake of modern technology in a developed economy as manufacturing and other industrial activities increase.

Even so, the Asia-Pacific region generated $732.3 million revenue in 2017 and it is set to see the most rapid growth, driven particularly by China, Japan, South Korea, and India.

Among key players identified, with aggressive market expansion, were Danaher Corporation, Evoqua Water Technologies, General Electric Company, Horiba, Ltd, OAKTON Instruments, Pentair, Shimadzu Corporation, Thermo Fisher Scientific, Inc, Uponor, and Xylem Inc.

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