Advanced oxidation technologies market

Global Advanced Oxidation Technologies Market is projected to reach US$ 4.71 Bn by 2023 to reach US$ 6.47 Bn in 2030, exhibiting a compound annual growth rate (CAGR) of 4.6% during the period from 2023 to 2030.

Advanced Oxidation Technologies are a group of chemical treatment techniques intended to oxidize contaminants in water and wastewater by reacting with hydroxyl radicals. These technologies are applied to drinking water purification and the treatment of municipal and industrial waste water. Numerous factors, including the growing need for clean water, government rules governing the discharge of industrial waste water, and the pace of industrialization, are driving the market for advanced oxidation technologies. The creation of new, sophisticated oxidation techniques and the growing need for water recycling and reuse also have an impact on the market.

Global Advanced Oxidation Technologies Market- Regional Insights

• North America: North America dominated the global advanced oxidation technologies market over the past decade due to strong presence of manufacturers and technology providers in the region. The U.S. is a global leader in wastewater treatment with over 16,000 wastewater treatment facilities in the U.S., according to the U.S. Environmental Protection Agency data published in January 2022. Major U.S. cities like New York and Los Angeles have invested heavily in advanced oxidation processes for water and wastewater treatment to meet stringent environmental regulations. This boosted demand for advanced oxidation equipment in North America.
• Europe: European countries have stringent regulations regarding water quality and pollution control. The market for AOTs in Europe is likely to witness growth due to increasing emphasis on sustainable water management and the treatment of pollutants from industrial activities. Countries like Germany, the U.K., and France are expected to be major contributors to the market in this region.
• Asia Pacific: Rapid industrialization, population growth, and urbanization in countries like China, India, and Japan have led to significant water pollution challenges. Increasing awareness about environmental conservation and the need for water treatment solutions boosts adoption of AOTs in the region. Asia Pacific market is anticipated to experience substantial growth during the forecast period.

Analyst Viewpoints:

Global advanced oxidation technologies market offers promising growth opportunities over the next decade. The market growth is driven by increasing demand for clean water and stringent wastewater treatment regulations worldwide. The vast need for remediating industrial wastewater in sectors such as pharmaceuticals and chemical processing can boost adoption of AOP technologies.

Figure 1. Global Advanced Oxidation Technologies Market Share (%), By Region, 2023

Global Advanced Oxidation Technologies Market- Drivers

• Increasing Water Pollution Concerns: Water pollution is a major global concern and a significant driver for the growth of the decentralized water treatment market. Over 80% of the wastewater produced by society, according to the UN, returns to the environment untreated or repurposed. Water contamination is a result of the dangerous pollutants that are frequently present in this untreated wastewater. This has led to an increased demand for decentralized water treatment systems in India.In China, the government has launched the "Water Ten Plan" to tackle water pollution. The plan aims to treat more than 95% of urban sewage by 2020, providing a significant opportunity for the growth of the decentralized water treatment market.
• Growing Focus on Public Health and Safety: The need to ensure clean and safe drinking water supplies is a significant driver for AOTs in the municipal water treatment sector. AOTs can effectively remove contaminants and disinfect water, providing a reliable solution for improving public health and safety.

Global Advanced Oxidation Technologies Market- Opportunities

• Emerging Contaminant Removal: The process of removing new contaminants that are not often monitored but have the potential to infiltrate the environment and have known or suspected detrimental impacts on human health, the environment, or both is known as emerging contaminant removal. Pharmaceuticals, personal hygiene items, insecticides, industrial chemicals, and other substances are some of these pollutants.Possibilities for New Contaminant Removal. Emerging pollutant removal technologies are in high demand due to global government rules and requirements for water and wastewater treatment. The U.S. Environmental Protection Agency (EPA), for instance, has identified a number of developing pollutants that require oversight and management.
•  Decentralized Water Treatment: Decentralized water treatment refers to the process of treating water at or near its source, rather than relying on large centralized treatment plants. This approach is gaining popularity due to its potential to provide a more sustainable, resilient, and cost-effective solution for water management. Companies like Fluence Corporation and Veolia, leading players in the water and wastewater treatment market, are investing heavily in the development of advanced decentralized water treatment solutions. For instance, Fluence Corporation has developed a range of decentralized water treatment products that are designed to provide fast-to-deploy, cost-effective, and reliable treatment solutions. In 2020, the Asian Development Bank (ADB) approved a $127.8 million loan to support the construction of water supply and sanitation infrastructure in the peri-urban areas of the Yangon Region in Myanmar, which includes the development of decentralized water treatment systems.

Global Advanced Oxidation Technologies Market- Trends

• Increasing Adoption of Combined AOT Processes: The trend of combining different AOT processes such as ozone-based, hydrogen peroxide-based, and UV-based technologies is gaining traction. By integrating multiple oxidation methods, synergistic effects can be achieved, leading to improved contaminant degradation and higher treatment efficiencies.
• Focus on Energy Efficiency: Energy efficiency is a growing concern in the water treatment industry. There is a trend toward developing AOT systems that optimize energy consumption and reduce operational costs. Efforts are being made to enhance process efficiency, minimize energy-intensive steps, and explore renewable energy sources for powering AOT processes.
• Application in Emerging Industries: AOTs are finding applications in emerging industries, such as pharmaceuticals, oil and gas, and electronics manufacturing. These industries generate complex and challenging wastewater streams containing various pollutants. AOTs offer effective solutions for treating these industrial effluents, and thus, leading to increased adoption in these sectors.
• Integration of AOTs in Smart Water Management Systems: The integration of AOTs into smart water management systems is gaining attention. By combining AOT technologies with advanced monitoring and control systems, real-time data analysis, and automation, the efficiency and performance of AOT processes can be optimized, leading to more effective water treatment and resource management.

Global Advanced Oxidation Technologies Market- Restraints

• Stringent environmental regulations: Stringent environmental regulations are laws and standards implemented by governments and international bodies to protect the environment and control the impact of industries on the environment. The Clean Air Act in the United States, enforced by the Environmental Protection Agency (EPA), sets limits on certain air pollutants, including setting standards for emissions from industrial facilities. Non-compliance can result in heavy fines. According to the EPA, in 2020, they settled cases with 189 entities for Clean Air Act violations, with civil penalties totaling over $25 million. .These stringent environmental regulations have led industries to adopt cleaner technologies and practices, driving the demand for solutions such as advanced oxidation technologies, waste-to-energy technologies, and carbon capture and storage technologies.

Counterbalance: Opponents of strict environmental regulations often argue that these regulations can increase costs for businesses, which may lead to job losses, reduced competitiveness, and economic downturns. They claim that excessive regulations can burden companies with compliance costs, making it harder for them to remain profitable or expand. Some critics contend that overly stringent regulations may represent government overreach and limit individual freedom and property rights.

Global Advanced Oxidation Technologies Market-

Acquisition and Partnerships.

• Evonik Acquisition of PeroxyChem: In February 2020, Evonik announced the acquisition of the PeroxyChem for US$ 640 million after the The Federal Trade Commission (FTC) lost its action in court in Washington, D.C. to stop the acquisition. In the field of specialized chemicals, Evonik is a global leader. The foundation of Evonik's corporate strategy is its emphasis on expanding its niche business portfolio, customer-focused innovation capabilities, and a reliable, performance-driven company culture. It serve as the company's key to both profitable expansion and steady value growth.
• Xylem Completes Acquisition with Evoqua: In May 2023, Xylem completed the acquisition of Evoqua in a deal that is entirely stock, and has an indicated enterprise value of about US$ 7.5 billion. This deal brings together two businesses that are committed to tackling the world's water problems by meeting the most pressing requirements of their clients and communities, as the significance of water hazards continues to grow on a worldwide scale. Building on the global leadership of Evoqua in advanced treatment systems and services and Xylem in water solutions, the merged firm will be in a unique position to create and provide an even wider range of cutting-edge solutions.

Figure 2. Global Advanced Oxidation Technologies Market Share (%), By Technology, 2023

Top companies in Global Advanced Oxidation Technologies Market

• Aquatech International LLC
• American Water Chemicals, Inc
• Xylem Inc.
• Advanced Plasma Power Ltd.
• Trojan Technologies Group ULC.
• Lenntech BV
• Veolia
• ESCO International
• Evoqua Water Technologies LLC
• Sewec Ozon GmbH
• Zetaş Kimya
• Spartan Environmental Technologies, LLC
• LIAN TADBIR Engineering Company

Advanced Oxidation Technologies Market Detailed Segmentation:

• By Technology
  • Ozone-based Advanced Oxidation
  • Hydrogen Peroxide-based Advanced Oxidation
  • UV-based Advanced Oxidation
  • Fenton-based Advanced Oxidation
  • Persulfate-based Advanced Oxidation
  • Other Advanced Oxidation Technologies
• By Application
  • Water and Wastewater Treatment
  • Air Purification and Treatment
  • Soil Remediation
  • Industrial Processes
  • Chemical Synthesis
  • Others
• By Service Type
  • Wet Cleaning
  • Dry Cleaning
  • Chemical Cleaning
  • Vacuum Cleaning
• By End User
  • Industrial
  • Residential
  • Commercial
• By Contaminant Type:
  • Organic Contaminants
  • Inorganic Contaminants
  • Microorganisms
  • Emerging Contaminants
  • Others
• By Scale of Operation:
  • Small-scale Systems
  • Medium-scale Systems
  • Large-scale Systems
• By Catalyst Type:
  • Homogeneous Catalysts
  • Heterogeneous Catalysts
• By Delivery Mode:
  • On-site Systems
  • Off-site Systems
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa