WILMINGTON, DE / ACCESSWIRE / March 22, 2023 / Transparency Market Research Inc. - The global Electrocoagulation Market size was worth US$ 2.3 Bn in 2022 and is projected to reach US$ 4.0 Bn by 2031. The global industry is projected to grow at a CAGR of 5.7% between 2023 and 2031. The two primary factors driving business opportunities in the global Electrocoagulation Market are increase in demand for wastewater treatment methods that are not harmful to the environment and implementation of strict laws on wastewater treatment.
Electrocoagulation is widely recognized technique for treating water that has soluble inorganic pollutants, organic impurities, oils, and surfactants. Electrocoagulation displays distinguished properties, such as ability to process multiple contaminants in a single pass and reduced production of sludge. Electrocoagulation that utilizes aluminum electrodes is becoming increasingly popular across the globe. Leading companies are keeping up with such electrocoagulation industry developments and making significant investments in R&D activities to acquire larger market share.
Electrocoagulation technology is extensively adopted in the treatment of wastewater in various industries, such as textile, refineries, paper, tanneries, and food. It has been observed that electrocoagulation method significantly reduces phenol, organic matter, and color when the combined effects of aluminum and iron electrodes are put to use. Hence, electrocoagulation is increasingly viewed as a viable technique for treating wastewater that comes from a range of municipal and industrial sources.
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Key Findings of Market Report
- In 2022, the aluminum electrodes type segment was dominant in the global market. It is expected to lead the market during the forecast period. In order to effectively remove colors, organic materials, microplastics, etc. during the electrocoagulation process, aluminum electrode is utilized the most often. Prospects of increasing use of aluminum electrodes in electrocoagulation is likely to drive the segment from 2023 to 2021.
Global Electrocoagulation Market: Growth Drivers
- Electrocoagulation is increasingly used in treating wastewater in chemical and pharmaceutical industries. Wastewater production is high in these industries. Pharmaceutical and chemical businesses produce vast amount of effluents, which often contain antibiotics, chemicals, organics, solid waste, and medical residues. These effluents cause damage to the environment, as they often find their way into various waterways due to insufficient removal of toxic waste. Electrocoagulation is more efficient and removes many types of contaminants. This is expected to accelerate its adoption in chemical and pharmaceutical industries.
- Several government bodies are working toward development of standards and regulations for wastewater treatment in order to ensure that the treated water is released into various water bodies or recycled for further use. Increase in implementation of government regulations regarding wastewater treatment is likely to drive market development between 2023 and 2031.
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Global Electrocoagulation Market: Regional Landscape
- According to the latest market report on electrocoagulation industry, North America is projected to dominate the global industry in 2022. Increase in strategic alliances between new and already established market players in the region is likely to drive regional market growth. The market size in North America is likely to increase gradually in the near future. This can be ascribed to the expansion of industrial activities and adoption of clear and strict regulations regarding wastewater treatment in the region.
Global Electrocoagulation Market: Key Players
Some of the key players in the global Electrocoagulation Market are:
- Hoganas,
- Water Vision,
- Golder,
- SONNEK Engineering,
- Enpurion Water Solutions,
- F&T Water Solutions,
- Water Tectonics,
- Powell Water Systems,
- Genesis Water Technologies,
- VentilAQUA,
- Boydel Wastewater Technologies Inc
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Global Electrocoagulation Market: Segmentation
Type
- Aluminum Electrodes
- Iron Electrodes
- Steel Electrodes
- Copper Electrodes
- Others
End-use
- Chemical & Pharmaceutical
- Food & Beverages
- Automotive
- Oil & Gas
- Textile
- Paper
- Municipal Wastewater
- Others
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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